Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 120

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 4
Chunk 120
---
,718 million 

58

for the year ended March 31, 2025. See below and “Item 5. Operating and Financial Review and Prospects” and our 
description therein of Non-IFRS Financial Measures — Reconciliation of Adjusted EBITDA to Net Profit for details 
on the reconciliation of EBITDA to net profit in accordance with IFRS.

                                                                         For the fiscal year ended March 31,
(in millions)                                                 2023                2024                  2025
Reconciliation of Adjusted EBITDA:                                                                          
Net profit (loss) for the year or the period                ¥(559)              ¥1,967             ¥(14,350)
Add: Income tax expenses (benefits)                          (287)                 873                   991
Profit (loss) before income taxes                            (846)               2,840              (13,359)
Add: Interest expense                                            3                   6                    29
Add: Transaction expenses excluding listing expense            717                 248                 4,607
Add: Listing expense                                             —                   —                13,714
Add: Depreciation and amortization                             483                 679                   727
Adjusted EBITDA                                             ¥(357)              ¥3,773                ¥5,718
We have a strong and experienced management team to support continued growth.
Our management team is comprised of experts from across the crypto asset and financial services 
industries. We believe that our team gives us a competitive advantage over other exchanges and our corporate 
culture combines compliance and regulatory engagement with an innovation mindset that permeates throughout our 
company. We also continuously support the development of our management team with guidance from a seasoned 
group of directors.
Our Services
As a licensed cryptocurrency exchange services provider in Japan, our main business activity is offering 
and maintaining accounts for retail investors in Japan to invest in cryptocurrencies using our Marketplace platform, 
which supports the purchase and sale by our customers of 30 cryptocurrencies as of March 31, 2025 and the date of 
this report. In the years ended March 31, 2023, 2024 and 2025, 98.9%, 99.6% and 99.6%, respectively, of our total 
revenue consisted of transaction revenue generated from our Marketplace platform. To support customer acquisition, 
retention and activity, we seek to include attractive features in our retail investor offering, including closer interfaces 
with certain Web3 businesses