Japan’s Nomura cuts down crypto exposure following Q3 losses
Nomura Holdings is reducing its cryptocurrency exposure after its digital asset subsidiary, Laser Digital, incurred losses during Q3.Summary
Japan's Nomura Holdings is scaling back its cryptocurrency positions after its Swiss-based crypto trading subsidiary, Laser Digital Holdings, recorded losses between October and December 2025 due to market volatility. CFO Hiroyuki Moriuchi stated that the company implemented stricter position management to mitigate risk exposure and limit earnings fluctuations from crypto swings. Although crypto prices have recently fallen significantly, Nomura reaffirmed its long-term commitment to the digital asset sector as a promising growth area. The crypto-related losses contributed to the firm's Q3 consolidated net profit falling slightly short of analyst forecasts, though core operations remained strong. Following the announcement, Nomura's shares dropped, prompting the company to simultaneously announce a significant share buyback program of up to ¥600 billion ($38.7 billion) to support shareholder returns.
(Source：The Block)