Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 185

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 185
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 result in debt service obligations and the instruments governing 
such debt could provide for operating and financing covenants that would restrict our operations. In the event that 
additional financing is required from outside sources, we may not be able to raise it on terms acceptable to us or at 
all. If we are unable to raise additional capital or debt financing when desired, our business, operating results, and 
financial condition could be adversely affected.

104

Cash flows
The following tables show our cash flow data for the years ended March 31, 2023, 2024 and 2025:

                                                                  For the fiscal year ended at March 31,
(In millions)                                                         2023           2024           2025
Net cash provided by (used in) operating activities               ¥(3,803)         ¥3,902       ¥(1,915)
Net cash used in investing activities                                (749)          (435)          (903)
Net cash provided (used) in financing activities                   (5,455)          (327)            565
Effect of exchange rate change on cash and cash equivalents              —              —              0
Net increase/decrease in cash and cash equivalents                (10,007)          3,140        (2,253)
Cash and cash equivalents at the beginning of year                  17,704          7,697         10,837
Cash and cash equivalents at the end of year                        ¥7,697        ¥10,837         ¥8,584
Comparison of the year ended March 31, 2025 with the year ended March 31, 2024
In the year ended March 31, 2025, we had ¥1,915 million net cash used in operating activities, ¥903 million
net cash used in investing activities, and ¥565 million net cash provided by financing activities. As a result, cash and 
cash equivalents at the end of the year ended March 31, 2025 decreased by ¥2,253 million, to ¥8,584 million, from 
¥10,837 million at the end of the fiscal year ended March 31, 2024.
Net cash used in operating activities was ¥1,915 million in the year ended March 31, 2025, a change of 
¥5,817 million from net cash provided by operating activities of ¥3,902 million in the fiscal year ended March 31, 
2024. This change was due to a net loss before