Company: CNCKW
Filing Date: 2025-11-18
Form Type: 424B3
Source: 0001913847-25-000033
Chunk: 42

Company: Coincheck Group N.V.
Filing Date: 2025-11-18
Form: 424B3
Chunk 42
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 and amortization                  |     |                          |                349 |     |   |                325 |
| Adjusted EBITDA                                     |     | ¥                        |              1,087 |     | ¥ |              1,264 |

#### Liquidity and Capital Resources
We finance our operations primarily with our cash flows from operating activities. Our fundamental principles are to build and maintain a financial base for the purpose of maintaining soundness and efficiency of operations and achieving sustainable growth. According to these principles, we plan on conducting capital investment, profit distribution, and repayment of any loans based on our operating cash flows through the development and rendering of our crypto asset exchange services.

Cash and cash equivalents mainly consist of bank deposits. As of September 30, 2025, we had cash and cash equivalents of ¥8,970 million. As of September 30, 2025, we also had cash segregated as deposits of ¥57,305 million. In accordance with Japanese laws and regulations, 100% of the legal tender deposited by customers is protected by trust companies. Therefore, cash deposited by customers is accounted for under different accounts depending on whether it is protected by trust companies or not. Additionally, Coincheck entered into a line of credit with our affiliate, Monex Finance Corporation, with aggregate commitments as of September 30, 2025, and March 31, 2025 of ¥6,000 million and ¥6,000 million, respectively. The balance outstanding under this agreement was ¥nil million and ¥nil million as of September 30, 2025 and March 31, 2025, respectively. Coincheck Parent entered into its own commitment line contract of ¥2,368 million as a debtor with Monex Finance Corporation in December 2024, for the purpose of stable operating capital. As of September 30, 2025, the balance outstanding under this was ¥1,850 million. On September 1, 2025, Coincheck entered into a ¥500 million subordinated loan with Monex Finance Corporation. As of September 30, 2025, the balance outstanding under this was ¥500 million.

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In addition, Coincheck entered into a committed credit line for ¥200 million with JSF Trust and Banking Co., Ltd. in June 2021, which was increased to ¥500 million as of September 30, 2025, and has been making short-term borrowings under this agreement several times a year, however, all of the borrowings were repaid within