Company: CNCKW
Filing Date: 2025-11-18
Form Type: 424B3
Source: 0001913847-25-000033
Chunk: 38

Company: Coincheck Group N.V.
Filing Date: 2025-11-18
Form: 424B3
Chunk 38
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 expenses                                       |     |                                          |         |     |      |        |
| Other income                                                    |     |                                          |     322 |     |      |     16 |
| Other expenses                                                  |     |                                          |      -1 |     |      |     -3 |
| Financial income                                                |     |                                          |     116 |     |      |      0 |
| Financial expenses                                              |     |                                          |     -50 |     |      |    -16 |
| Profit before income taxes                                      |     |                                          |     903 |     |      |     21 |
| Income tax expense                                              |     |                                          |     548 |     |      |      6 |
| Net profit for the period attributable to owners of the Company |     |                                        ¥ |     355 |     |    ¥ |     15 |

Revenue . Revenue was ¥132,229 million for the three months ended September 30, 2025, an increase of ¥61,890 million, or 88%, from ¥70,339 million for the three months ended September 30, 2024. The increase was due mainly to the increase in volume for cover counterparties and customers.

Other revenue . Other revenue was ¥876 million for the three months ended September 30, 2025, an increase of ¥867 million from ¥9 million for the three months ended September 30, 2024. The increase was due mainly to staking reward revenue of ¥794 million, which was not launched until the fourth quarter of the fiscal year ended March 31, 2025.

Cost of sales . Cost of sales was ¥129,219 million for the three months ended September 30, 2025, an increase of ¥60,894 million, or 89%, from ¥68,325 million for the three months ended September 30, 2024. This increase was due mainly to an increase in trading activity and staking rewards of ¥325 million credited to customers.

Selling, general, and administrative expenses . Selling, general, and administrative expenses were ¥3,370 million for the three months ended September 30, 2025, an increase of ¥1,370 million, or 69%, from ¥1,999 million for the three months ended September 30, 2024. The increase was due mainly to an increase in share-based compensation expense of ¥321 million and professional fees of ¥153 million relating to acquisition explorations and ¥262 million relating to becoming a