Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 47

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 47
---
 entail greater risks than use of third-party commercial

software, as open source licensors generally do not provide support, warranties, indemnification or other contractual

protections regarding infringement claims or the quality of the code. In addition, the use of open source software

presents the risk of added security vulnerability because the public availability of such software may make it easier

for others to compromise our platforms and systems.

Some open source licenses contain requirements that we make available derivative works we create based

upon the open source software we used, meaning that if we combine our proprietary software with open source

software in a certain manner, we could, under certain open source licenses, be required to release the source code of

our proprietary software to the public. This would allow our competitors to create similar offerings with lower

development effort and time and ultimately could impair a competitive advantage that our proprietary software had

given us. Or, to avoid the public release of the affected portions of our source code, we could be required to expend

substantial time and resources to re-engineer some or all of our software.

Although we have recently (in May 2025) conducted an inventory and review of our use of open source

software and did not identify any material issues of concern, we cannot assure you that our processes for controlling

our use of open source software in our platforms and systems are, or will be, effective. If we are held to have

breached or failed to fully comply with all the terms and conditions of an open source software license, we could

face litigation, infringement or other liability, or be required to seek costly licenses from third parties to continue

providing our offerings on terms that are not economically feasible, to re-engineer our software, to discontinue or

delay the provision of our offerings if re-engineering could not be accomplished on a timely basis, or to make

generally available, in source code form, our proprietary code, any of which could adversely affect our business,

operating results, and financial condition. Moreover, the terms of many open source licenses have not been

interpreted by domestic or foreign courts. As a result, there is a risk that these licenses could be construed in a way

that could impose unanticipated conditions or restrictions on our ability to provide or distribute our product and

service offerings.

Risks Relating to Our Employees

The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel

in the future, could adversely impact our business