Company: CNCKW
Filing Date: 2025-04-10
Form Type: 424B3
Source: 0001213900-25-030417
Chunk: 160

Company: Coincheck Group N.V.
Filing Date: 2025-04-10
Form: 424B3
Chunk 160
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 Coincheck NFT Marketplace leverages our infrastructure while also presenting us with the opportunity to cross -sellto and from our core offering. In compliance with guidelines developed by the JVCEA, we conducted the first approved IEO in Japan, which 63,853users applied to and was oversubscribed by 24 times. Trusted brand. We believe that we have a strong brand that is trusted by users, and that a strong trusted brand is critical in acquiring customers who are first -timecrypto users and is a long -termadvantage in our strategy to bring crypto assets to traditional financial institutions. Following our acquisition by Monex Group in April 2018, we strengthened our cybersecurity and governance and invested in the stability of our Marketplace and Exchange platforms. We have also played a constructive role in the JVCEA, which was granted self -regulatorystatus by the JFSA in October 2018 to set standardized operating procedures for cryptocurrency exchanges in Japan. Coincheck’s Chairman, Representative Director & Executive Director, Satoshi Hasuo, currently serves as a director of the JVCEA. As the first to provide other crypto services in addition to a crypto exchange, including the launch of an NFT platform and the first ever IEO in Japan, we believe our customers consider us the company of choice to begin using crypto assets safely. We have a robust and historically profitable financial model. We believe our historical growth and profitability, combined with re -investmentin our platform and brand, position us to pursue further opportunities. We have historically had a strong financial profile, as reflected in our high revenue growth and positive net profit throughout various cycles in the market through the year ended March 31, 2022. Declines in the prices of crypto assets and trading volume led to a sharp decline in our total revenue in the year ended March 31, 2023. After taking measures to reduce our variable expenses in light of market conditions, we recorded a net loss of ¥559 million for the year ended March 31, 2023, a net profit of ¥1,967 million for the year ended March 31, 2024 and a net profit of ¥452 million for the six months ended September 30, 2024. We expect to continue to invest in new products and services to enable us to grow during various market cycles. 107 Our net profit was ¥9,795 million for the fiscal year ended March 31, 2022, and we recorded a net loss of ¥559 million for the fiscal year ended