
(In millions)
Type of related party	Name of related party	Detail of transaction	Outstanding balance as of March 31,2024	Outstanding balance as of March 31,2025
Parent company	Monex Group, Inc.	Business management service fee(2)	¥125	¥—
Subsidiaries of parent company	Monex Finance Corporation	Borrowing(3) (4)	—	751
Associates of parent company	Monex, Inc.	Provision of sales service	4	5
Associates of parent company	Monex, Inc.	Derivative transaction(5)	2	—

Below is the related-party transaction impact on the consolidated statements of profit or loss and other

comprehensive income for the year ended March 31, 2023, 2024 and 2025:


(In millions)			For the fiscal year ended March 31,
Type of related party	Name of related party	Detail of transaction	2023	2024	2025
Key management	The managing directors of the Company	Transaction revenue(1)	¥0	¥0	¥1
Parent company	Monex Group, Inc.	Business management service fee(2)	363	458	397
Subsidiaries of parent company	Monex Crypto Bank, Inc.	Transaction revenue(1)	5	0	0
Subsidiaries of parent company	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 ¥5 million, ¥848 million and ¥6,397 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 5% 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 31, 2025 of ¥6,000 million and ¥6,000 million, respectively. No amounts were

outstanding under this arrangement as of March 31, 2024 or March 31, 2025, after drawing down and

subsequently repaying ¥6,000 million in June of 2024.

(4) Coincheck Parent entered into its own commitment line contract of ¥2,400 million as a debtor with Monex

Finance Corporation as of December 11, 2024, which was extended, amended and restated as of March 31,

2025, for the purpose of operating capital. As of March 31, 2025, the balance outstanding under this was ¥751

million, with an interest rate of 5.69%.

(5) The derivative transaction is a forward exchange transaction between the USD and the Japanese yen.

Realized gain of ¥55 million and ¥9 million recognized in the consolidated statement of profit or loss and other

comprehensive income is included in the “Transaction amount” of the derivative transaction for the years ended

March 31, 2024 and 2025, respectively. ¥2 million shown in “Outstanding balance” is the fair value gain of the

foreign exchange forward transaction that was not closed as of March 31, 2024 with the principal amount of ¥43

million. As of March 31, 2025, this has been closed.

(2)Compensation for the Company’s key management personnel

Key management personnel are defined as the managing directors and officers, and audit committee members

and audit and supervisory board members of the Company.

The compensations for key management personnel are as follows:


	For the fiscal year ended March 31,
	2023	2024	2025
Short-term employee benefits	¥83	¥66	¥291

(3)Subsidiary

The number of consolidated subsidiaries increased to six in the year ended March 31, 2025, primarily due to the

closing of the Business Combination and the acquisition of Next Finance, compared with no subsidiaries as of

March 31, 2024. The following is a list of the Company’s consolidated subsidiaries: 6 subsidiaries as of

March 31, 2025.


Name of subsidiary	Place of incorporation a nd operation	Contents of business	Percentage of voting rights held by the Company
Coincheck, Inc.	Japan	Provides end-to-end crypto asset exchange services and operates a multi-cryptocurrency marketplaces.	100%
CCG Administrative Services, Inc.	US	Provides certain administrative services for Coincheck Group N.V.	100%
M1 Co G.K.	Japan	Serves as a special purpose entity for de-SPAC process.	100%
Next Finance Tech Group	Japan	Provides staking service.	100%
Next Finance Tech Digital Assets Co., Ltd.	Japan	Borrows cryptocurrencies.	100%
Next Finance Tech International Co., Ltd.	Cayman Islands	Manages Next Finance's insurance.	100%