Company: CNCKW
Filing Date: 2025-09-10
Form Type: 424B3
Source: 0001213900-25-086398
Chunk: 129

Company: Coincheck Group N.V.
Filing Date: 2025-09-10
Form: 424B3
Chunk 129
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 various cycles in the market through the year ended March 31, 2022. When 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 those 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 loss of ¥14,350 million for the year ended March 31, 2025; however, it should be noted that our net loss for the year ended March 31, 2025 included large cash and non -cashexpenses of ¥18,321 million (¥4,607 million cash expense and ¥13,714 million non -cashexpense) related to the consummation of the Business Combination and the listing of our Ordinary Shares on Nasdaq. Accordingly, we had an Adjusted EBITDA loss of ¥360 million for the year ended March 31, 2023, Adjusted EBITDA of ¥3,773 million for the year ended March 31, 2024 and Adjusted EBITDA of ¥ 5,718 million 85

for the year ended March 31, 2025. See below and “— Key Business Metrics and Trends — Non -IFRSFinancial Measures” and our description therein of Non -IFRSFinancial Measures — Reconciliation of Adjusted EBITDA to Net Profit for details on the reconciliation of EBITDA to net profit in accordance with IFRS.

| (in millions)                                       |     | For the fiscal year ended March 31, 
 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