Company: CNCKW
Filing Date: 2025-05-20
Form Type: 424B3
Source: 0001213900-25-046039
Chunk: 9

Company: Coincheck Group N.V.
Filing Date: 2025-05-20
Form: 424B3
Chunk 9
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   |     | ¥         | 1,692 |     | $                          | 11.3 |

| * | Convenience Translation into U.S. Dollars |

<div align='center'>10

COINCHECK GROUP N.V. and subsidiaries

RECONCILIATION OF EBITDA</div>

|                                              |     |              Japanese Yen 
 For the fiscal year ended |       |     |           |         |   |     |     United States Dollar* 
 For the fiscal year ended |       |   |
|:---------------------------------------------|:----|--------------------------:|------:|:----|----------:|--------:|:--|:----|--------------------------:|------:|:--|
|                                              |     |                 March 31, |       |     | March 31, |         |   |     |                 March 31, |       |   |
|                                              |     |                      2024 |       |     |      2025 |         |   |     |                      2025 |       |   |
| Reconciliation of EBITDA:                    |     |                           |       |     |           |         |   |     |                           |       |   |
| Net profit (loss) for the year or the period |     |                         ¥ | 1,967 |     |         ¥ | (14,350 | ) |     |                         $ | (95.7 | ) |
| Add: Income tax expenses (benefits)          |     |                           |   873 |     |           |     991 |   |     |                           |   6.6 |   |
| Profit (loss) before income taxes            |     |                           | 2,840 |     |           | (13,359 | ) |     |                           | (89.1 | ) |
| Add: Interest expense                        |     |                           |     6 |     |           |      29 |   |     |                           |   0.2 |   |
| Add: Depreciation and amortization           |     |                           |   679 |     |           |     727 |   |     |                           |   4.9 |   |
| EBITDA                                       |     |                         ¥ | 3,525 |     |         ¥ | (12,603 | ) |     |                         $ | (84.1 | ) |

<div align='center'>RECONCILIATION OF ADJUSTED EBIT