Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 293

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 293
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 (non -currentassets) would be generated as the future cash flows cannot be reliably estimated. The useful lives of crypto assets held (non -currentassets) are regarded as indefinite accordingly. They are reported at the acquisition cost less accumulated impairment losses. The carrying amounts as of March 31, 2023 and March 31, 2024 was 43 million yen and nil, respectively. During the year ended March 31, 2023, the Company recorded impairment losses of 69 million yen for NFTs held for the purposes other than sale in “Other expenses” in the statements of profit or loss and other comprehensive income. The impairment losses primarily resulted from the decrease in the recoverable amount of the individual NFTs. Impairment losses are calculated by deducting the recoverable amount from the carrying amount. The recoverable amount of the impaired NFTs was measured at fair value less costs of disposal amounted to 17 million yen as of March 31, 2023. The fair value is measured based on the recent transaction prices at the Company or other NFT marketplaces and is classified as Level 2 in the fair value hierarchy. F-30

COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 12.Crypto assets held (cont.) During the year ended March 31, 2024, no impairment losses were recognized as there was no crypto assets held (non -currentassets) as of March 31, 2024. The changes in crypto assets held (non -currentassets) are as follows:

| As of March 31, 2022                    |     | Cryptocurrencies 
 ¥                |    221 |   |     | (Millions of yen) 
 NFT               
 ¥                 |  72 |   |     | Total 
 ¥     |    293 |   |
|:----------------------------------------|:----|:-----------------|-------:|:--|:----|:------------------|----:|:--|:----|:------|-------:|:--|
| Additions (not by business combination) |     |                  |  1,073 |   |     |                   |  95 |   |     |       |  1,168 |   |
| Impairment losses                       |     |                  |      — |   |     |                   | (69 | ) |     |       |    (69 | ) |
| Disposals                               |     |