Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 28

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 3
Chunk 28
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 due to chargebacks as a result of fraud or uncollectibility that may

adversely impact our business, operating results, and financial condition.

In the past, certain of our products and services were able to be paid for by credit and debit cards through

payment processors which exposed us to risks associated with chargebacks and refunds. Although we currently do

not accept either credit or debit cards for payment, if we return to allowing the use of credit or debit cards in the

future we may be exposed to various losses as a result of fraud or uncollectibility that could arise from fraud,

misuse, unintentional use, settlement delay, or other activities. If we were to resume allowing the use of credit or

debit cards and begin incurring a significant number of refunds and chargebacks, our payment processors could

require us to increase reserves, impose penalties on us, charge additional fees, or terminate their relationships with

us. Failure to effectively manage risk and prevent fraud could increase our chargeback and refund losses or cause us

to incur other liabilities. Increases in chargebacks, refunds or other liabilities, were we to resume allowing the use of

credit or debit cards, could have an adverse effect on our operating results, financial condition, and cash flows.

If we fail to develop, maintain, and enhance our brand and reputation, our business, operating results, and

financial condition may be adversely affected.

28

Our brand and reputation are key assets. Maintaining, protecting, and enhancing our brand depends largely

on the success of our marketing efforts, ability to provide consistent, high-quality, and secure products, services,

features and support, and our ability to successfully secure, maintain, and defend our rights to use the “ Coincheck”

mark and other trademarks important to our brand. We believe that the ease-of-use of our products and services, in

particular due to the quality and simplicity of our application interface, is a differentiating factor for our brand. We

believe that the importance of our brand and reputation will increase as competition further intensifies. Our brand

and reputation could be harmed if we fail to achieve these objectives or if our public image were to be tarnished by

negative publicity, unexpected events, or actions by third parties. Unfavorable publicity about us or our brand,

including our products, services, technology, customer service, personnel, or about crypto assets or crypto asset

platforms generally that may indirectly have a negative effect on our brand, could diminish confidence in, and the

use