Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 73

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 73
---
 year ended March 31, 2024 and Adjusted EBITDA of ¥ 5,718 million

58

for the year ended March 31, 2025. See below and “ Item 5. Operating and Financial Review and Prospects” and our

description therein of Non-IFRS Financial Measures - Reconciliation of Adjusted EBITDA to Net Profit for details

on the reconciliation of EBITDA to net profit in accordance with IFRS.

                                                           For the fiscal year ended March 31,                               
                                                           For the fiscal year ended March 31,                               
                                                           For the fiscal year ended March 31,                               
  (in millions)                                            2023                                     2024         2025        
  (in millions)                                            2023                                     2024         2025        
  (in millions)                                            2023                                     2024         2025        
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Reconciliation of Adjusted EBITDA:                                                                                         
  Net profit (loss) for the year or the period             ¥ (559)                                  ¥ 1,967      ¥ (14,350)  
  Add: Income tax expenses (benefits)                      (287)                                    873          991         
  Profit (loss) before income taxes                        (846)                                    2,840        (13,359)    
  Add: Interest expense                                    3                                        6            29          
  Add: Transaction expenses excluding listing expense      717                                      248          4,607       
  Add: Listing expense                                     —                                        —            13,714      
  Add: Depreciation and amortization                       483                                      679          727         
  Adjusted EBITDA                                          ¥ (357)                                  ¥ 3,773      ¥ 5,718     

We have a strong and experienced management team to support continued growth.

Our management team is comprised of experts from across the crypto asset and financial services

industries. 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

company. We also continuously support the development of our management team with guidance from a seasoned

group of directors.

Our Services

As a licensed cryptocurrency exchange services provider in Japan, our main business activity is offering

and maintaining accounts for retail investors in Japan to invest in cryptocurrencies using our Marketplace platform,

which supports the