Company: CNCKW
Filing Date: 2025-07-30
Form Type: 20-F
Source: 0001628280-25-036727
Chunk: 259

Company: Coincheck Group N.V.
Filing Date: 2025-07-30
Form: 20-F
Item: Item 15
Chunk 259
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Item 15.Controls and Procedures
Disclosure Controls and Procedures
We maintain disclosure controls and procedures (as such term is defined in Rules 13a-15(e) and 15d-15(e) 
under the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) that are designed to ensure that the 
information required to be disclosed by us in the reports filed or submitted by us under the Exchange Act, including 
this report, is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and 
forms and such information is accumulated and communicated to management, including the Chief Executive 
Officer (principal executive officer) and the Chief Financial Officer (principal financial officer), as appropriate, to 
allow timely decisions regarding required disclosure. Any controls and procedures, no matter how well designed and 
operated, can provide only reasonable assurances of achieving the desired control objectives.
We carried out an evaluation, under the supervision and with the participation of our management, 
including the Chief Executive Officer and the Chief Financial Officer, of the effectiveness of the design and 
operation of our disclosure controls and procedures as of March 31, 2025. Based upon that evaluation, our Chief 
Executive Officer and Chief Financial Officer have concluded that, as of March 31, 2025, due solely to the material 
weakness in internal control over financial reporting described below in “Changes in Internal Control over Financial 
Reporting,” our disclosure controls and procedures were not effective.
Management’s Report on Internal Control over Financial Reporting
This report does not include a report of management’s assessment regarding internal control over financial 
reporting or an attestation report of the Company’s registered public accounting firm due to a transition period 
during which they are not required as established by rules of the SEC for newly public companies.
Changes in Internal Control over Financial Reporting
In connection with the preparation of our consolidated financial statements for the year ended March 31, 
2023, we identified a material error related to the accounting for Marketplace transaction revenue recognition and 
therefore restated our financial statements for the years ended March 31, 2021 and 2022. We had reconsidered 
during our fiscal year ended March 31, 2023 our accounting policy for Marketplace platform transactions, and 
reconsideration of the policy for revenue recognition was determined appropriate based upon the development of 

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interpretive guidance across the blockchain and digital asset industry, as well as information obtained from 
conversations with our auditors, third