Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 184

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 5
Chunk 184
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 customers, and manage them separately.
Because we safeguard customers’ cryptocurrencies in accordance with the requirements of the Payment 
Services Act, the Cabinet Office Ordinance on Virtual Currency Exchange Service Providers, and other applicable 
laws and regulations, we estimate that the possibility of potential loss events is remote. Therefore, we determined 
that there are no loss contingencies related to an obligation to safeguard customer crypto assets from loss or theft as 
of March 31, 2025. See Note 30 to our consolidated financial statements as of and for the year ended March 31, 
2025 included in this report.
Airdrops and forks are events that are unique to cryptocurrency businesses, including ours. As these events 
occur independently of our decision-making process, it is challenging for us to comprehensively understand and 
value each specific airdrop or fork. We have limited ability to predict whether the sale of cryptocurrencies received 
from airdrops or forks will be material to our future earnings, which is dependent on the future market viability and 
fair value of such cryptocurrencies. On the other hand, for airdrops and forks that may have a significant impact, we 
consider granting such crypto assets to our customers depending on the volume of cryptocurrencies deposited with 
us. When considering whether or not to grant such cryptocurrencies to customers, we first confirm that the 
cryptocurrencies can be transferred securely, and after such confirmation we recognize the granted cryptocurrencies 
based on the market price of such asset. Under our current policy, we do not monetize any cryptocurrencies granted 
through airdrops and forks that have not yet been granted to customers.
Our future capital requirements will depend on many factors, including market acceptance of crypto assets 
and blockchain technology, our growth, our ability to attract and retain customers on our cryptocurrency exchanges, 
the continuing market acceptance of products and services, the introduction of new products and services on our 
cryptocurrency exchanges, expansion of sales and marketing activities, and overall economic conditions. While we 
believe we have sufficient liquidity and expect to have funds from operations to support our operations and meet our 
current business plans, we may be required to seek additional funding to the extent that current and anticipated 
future sources of liquidity are insufficient to fund our future business activities. We expect to monitor financial 
conditions and from time to time may opportunistically raise additional funds through the offer and sale of equity 
securities or debt financing. Any sale of additional equity securities may result in additional dilution to our 
shareholders. Any additional debt financing would