Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 298

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 298
---
 199,293 |
| Net deferred tax assets  |     |                ¥ |    739 |     |    ¥ |     353 |

In the year ended March 31, 2023, the Group did not make profit and recognized tax losses. The Group fully recognized deferred tax assets in respect of unused tax losses as of March 31, 2023, because the Group estimated that it would be probable to generate sufficient future taxable profits in the future considering the long -termmarket trend and by reference to the operating results in the past years when the crypto currency market was active. In the year ended March 31, 2024, the Company generated profits and utilized most of tax losses carried forward from prior years. As of March 31, 2024, the Company 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)                                        |     |                              |       |   |     |                   |