Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 260

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 15
Chunk 260
---
-party consultants, and other relevant parties. Based on this reconsideration, we 
determined that the use of the former accounting policy had resulted in a material misstatement of Coincheck’s 
marketplace transaction revenue and costs of sales for the years ended March 31, 2021 and 2022, which required our 
restatement. We applied the corrected accounting policy for transaction revenue recognition in our audited financial 
statements for the year ended March 31, 2023, and have continued to do so thereafter, including for this report. 
Management has concluded that, even though the corrected accounting policy for transaction revenue recognition 
has been applied beginning with our year-end financial statements for the year ended March 31, 2023, the material 
weakness has not been completely remediated. Management’s remediation program, which includes actively 
monitoring and staying informed of the latest accounting practices related to crypto assets among SEC registrants, 
has not been completed and operating for a sufficient period of time while we have been a publicly traded company 
(i.e., since December 11, 2024), and therefore our internal control over financial reporting was not effective in this 
regard as of March 31, 2025.
Except for the pending remediation described above, no changes in our internal control over financial 
reporting (as such term is defined in Rule 13a-15(f) and 15d-15(f) of the Exchange Act) occurred during the period 
covered by this report that materially affected, or are reasonably likely to materially affect, our internal control over 
financial reporting.