Company: CNCKW
Filing Date: 2025-01-28
Form Type: F-1
Source: 0001213900-25-007203
Chunk: 303

Company: Coincheck Group N.V.
Filing Date: 2025-01-28
Form: F-1
Chunk 303
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 fully recognized the deferred tax assets in respect of the remaining unused tax losses. The Company estimated that it would be probable to generate sufficient future taxable profits to utilize the tax losses considering the recent performance of crypto currency market.

F-37

COINCHECK, INC.
NOTES TO THE FINANCIAL STATEMENTS 19.Deferred taxes and income tax expenses (benefits) (cont.) (2)Income tax expenses (benefits) Income tax expenses (benefits) consist of the following:

|                                                                         |     | For the year ended March 31, |  2022 |   |     | (Millions of yen) | 2023 |   |     |   | 2024 |   |
|:------------------------------------------------------------------------|:----|:-----------------------------|------:|:--|:----|:------------------|-----:|:--|:----|:--|-----:|:--|
| Current tax expenses                                                    |     |                              |       |   |     |                   |      |   |     |   |      |   |
| Reporting period                                                        |     | ¥                            | 4,140 |   |     | ¥                 |   15 |   |     | ¥ |  487 |   |
| Adjustment related to prior years                                       |     |                              |   (23 | ) |     |                   |    — |   |     |   |    — |   |
| Sub-total                                                               |     |                              | 4,117 |   |     |                   |   15 |   |     |   |  487 |   |
| Deferred tax expenses (benefits)                                        |     |                              |       |   |     |                   |      |   |     |   |      |   |
| Origination and reversal of temporary differences                       |     |                              |     8 |   |     |                   |  188 |   |     |   |  (82 | ) |
| Origination and reversal of tax losses carried forward                  |     |                              |     2 |   |     |                   | (459 | ) |     |   |  468 |   |
| Recognition of previously unrecognized deductible temporary differences |     |                              |    (4 | ) |     |                   |  (31 | ) |     |   |    — |   |
| Sub-total                                                               |     |                              |     6 |   |     |                   | (302 | ) |     |   |