Company: CNCKW
Filing Date: 2025-03-27
Form Type: F-1/A
Source: 0001013762-25-003470
Chunk: 288

Company: Coincheck Group N.V.
Filing Date: 2025-03-27
Form: F-1/A
Chunk 288
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 exposed to credit risk because they are deposited in financial institutions and/or cryptocurrency exchange brokers. Those financial institutions are highly credit worthy, and the cryptocurrency exchange brokers are well -establisheddomestic and overseas exchange brokers. Thus, although the credit risk is concentrated in a small number of counterparties, it is considered to be limited. In addition, customer accounts receivable is mainly due from credit card companies, which are payment processors, for settlement of funds from customers. There is also a concentration of credit risk related to customer accounts receivable, as the Company uses a small number of payment processors. However, since the settlement period is short, the credit risk associated with those processors is considered to be limited. As part of the risk management process, the Company evaluates the financial positions of financial institutions before selecting them and subsequently reviews them on a periodic basis. In selecting and dealing with cryptocurrency exchange brokers, the Company monitors the up -to -dateinformation of such brokers via social media and other news sources in order to be informed about any changes in their businesses. In addition, if the Company obtains information related to their credit uncertainty, such as a downgrade of their credit ratings, necessary measures are taken by collaborating with all divisions concerned to avoid such risks. F-22

COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 4.Financial risk management (cont.) The exposure to credit risk of the Company is as follows:

|                                          |     | As of March 31, 2023      |        |     | (Millions of Yen) |   |     |       |        |
|:-----------------------------------------|:----|:--------------------------|-------:|:----|:------------------|:--|:----|:------|-------:|
|                                          |     | Impairment loss allowance 
 measured at lifetime      
 expected credit losses    |        |     |                   |   |     |       |        |
|                                          |     | Not                       
 credit-impaired           |        |     | Credit-impaired   |   |     | Total |        |
| Gross carrying amount                    |     |                           |        |     |                   |   |     |       |        |
| Cash and cash equivalents                |     | ¥                         |  7,697 |     | ¥                 | — |     | ¥     |  7,697 |
| Cash segregated as deposits              |     |                           | 40,936 |     |                   | — |     |       | 40,936