Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 169

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 169
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 crypto assets safely. We have a robust and historically profitable financial model. We believe our historical growth and profitability, combined with re -investmentin our platform and brand, position us to pursue further opportunities. We have historically had a strong financial profile, as reflected in our high revenue growth and positive net profit throughout various cycles in the market through the year ended March 31, 2022. Declines in the prices of crypto assets and trading volume led to a sharp decline in our total revenue in the year ended March 31, 2023. After taking measures to reduce our variable expenses in light of market conditions, we recorded a net loss of ¥559 million for the year ended March 31, 2023, a net profit of ¥1,967 million for the year ended March 31, 2024 and a net profit of ¥452 million for the six months ended September 30, 2024. We expect to continue to invest in new products and services to enable us to grow during various market cycles. 115 Our net profit was ¥9,795 million for the fiscal year ended March 31, 2022, and we recorded a net loss of ¥559 million for the fiscal year ended March 31, 2023. However, we recorded a net profit of ¥1,967 million for the year ended March 31, 2024 and a net profit of ¥452 million for the six months ended September 30, 2024 despite previously difficult and continuously fluctuating market conditions. We had EBITDA of ¥14,368 million for the fiscal year ended March 31, 2022, before declining to an EBITDA loss of ¥360 million for the year ended March 31, 2023. However, we improved to achieve EBITDA of ¥3,525 million for the year ended March 31, 2024 and ¥1,001 million for the six months ended September 30, 2024. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Non -IFRSFinancial Measures — Reconciliation of EBITDA to Net Profit” for details on the reconciliation of EBITDA to net profit in accordance with IFRS. Strong and experienced management team to support continued growth. Our management team is comprised of experts from across the Monex Group and the crypto asset industry. We believe that our team gives us a competitive advantage over other exchanges and our corporate culture combines compliance and regulatory engagement with an innovation mindset that permeates throughout our