Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 292

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 292
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 Therefore, the economic benefits and risks related to crypto assets deposited by customers belong, in principle, to the customers, and the Company is not exposed to risks of significant changes in the fair value of these crypto assets. On the other hand, legal rights of crypto assets are not entirely clear, and there is a possibility that crypto assets deposited by customers may be dealt with in the same manner as crypto assets of the Company in its own accounts at the liquidation of the Company, but in terms of cryptocurrencies, Article 63 -19-2of the “Payment Services Act” issued by the Financial Services Agency of Japan allows customers the right to receive repayment of Deposited Crypto Assets and Redemption Guarantee Crypto Assets as defined by the “Payment Services Act” in advance of other creditors in preparation for the bankruptcy risk of the Company. The accounting policies and balances of the Company’s crypto assets by holding purpose are as follows: (1)Crypto assets held (current assets) (a)Cryptocurrencies for facilitating customer transactions Out of the holdings of cryptocurrencies that are considered to be controlled by the Company for accounting purposes (including those borrowed/deposited based on the loan agreements with customers), cryptocurrencies for facilitating customer transactions, are recognized as inventories in the statements of financial position according to provisions of IAS 2 Inventoriesas the Company has the ability to direct the use of these cryptocurrencies and the economic benefits resulting from sales attribute to the Company. As of March 31, 2023, and March 31, 2024, the carrying amounts were 18,884 million yen and 44,207 million yen, respectively. These amounts are calculated based on the fair value at the end of the reporting period. See Note 25 “Fair value measurement.” (b)NFTs for sale NFTs for sale are recognized as inventories in the statements of financial position according to provisions of IAS 2 Inventoriesas the Company has the ability to direct the use of these NFTs and economic benefits resulting from sales attribute to the Company. The carrying amounts as of March 31, 2023 and March 31, 2024, which were measured at the lower of cost or net realizable value, was 85 million yen and nil, respectively. (2)Crypto assets held (non -currentassets) Crypto assets held (non -currentassets) are recognized as intangible assets with indefinite useful lives which are not amortized. There is no foreseeable limit to the period over which the future cash flows of crypto assets held