Company: CNCKW
Filing Date: 2025-08-29
Form Type: POS AM
Source: 0001213900-25-082038
Chunk: 287

Company: Coincheck Group N.V.
Filing Date: 2025-08-29
Form: POS AM
Chunk 287
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| Subsidiaries of parent company |                       | Monex Crypto Bank, Inc.               |                       | Transaction revenue(1)             |                       |                                     |    5 |     |   |    0 |     |   |     0 |
|                                |                       | Monex Finance Corporation             |                       | Interest expense                   |                       |                                     |    0 |     |   |    — |     |   |    21 |
| Associates of parent company   |                       | Monex, Inc.                           |                       | Transaction revenue(1)             |                       |                                     |    0 |     |   |  847 |     |   | 6,396 |
|                                |                       |                                       |                       | Cost of sales(1)                   |                       |                                     |    0 |     |   |  844 |     |   | 6,377 |
|                                |                       |                                       |                       | Provision of sales service         |                       |                                     |   23 |     |   |   26 |     |   |    42 |
|                                |                       |                                       |                       | Derivative gains(5)                |                       |                                     |    — |     |   |   55 |     |   |     9 |

____________

Notes:

(1)Certain of Coincheck’s managing directors and related parties purchase or sell crypto assets on Coincheck’s Marketplace platform. The transactions for the year ended March 31, 2024 and 2025, were made on terms equivalent to those that prevail in arm’s-length transactions. The Company recognized the corresponding transaction revenue amounting to ¥ million, ¥ million and ¥ million for the years ended March 31, 2023, 2024 and 2025, respectively.

(2)Business management service fee represents the considerations for guidance and support on general management and other consulting services provided by Monex, the direct parent company of Coincheck prior to the Business Combination. The services include support on registration of cryptocurrency exchange business and negotiation with the Financial Services Agency necessary for continuing registration, assistance in cyber security risk management, and maintaining relationships with relevant financial institutions. According to the business management service fee agreement, the consideration paid was % of Coincheck’s total revenue net of cost of sales (variable fees). This agreement was terminated in November 2024.

(3)Coincheck entered into a line of credit with Monex Finance Corporation, with aggregate commitments as of March 31, 2024 and March