Nomura Retreats From Crypto After Laser Digital Suffers Heavy Q3 Losses
TLDR
- Nomura slashes crypto exposure after losses and unveils ¥600B buyback
- Laser Digital losses push Nomura to cut crypto risk and defend profits
- Nomura retreats from crypto swings as quarterly earnings disappoint
- Crypto volatility forces Nomura reset while massive buyback begins
- Nomura tightens crypto bets after Q3 hit and launches share support
Nomura began tightening its digital asset exposure after its crypto unit reported heavy quarterly losses. The firm reacted to growing volatility and reduced positions as market conditions weakened sharply. The shift marked Nomura’s most decisive move in months as crypto valuations kept falling.
Nomura Scales Back Exposure After Q3 Losses
Nomura reduced crypto positions after Laser Digital recorded losses during the third quarter. The unit faced steep market swings between October and December as crypto prices retreated. Nomura applied stricter position management to limit earnings fluctuations tied to digital asset movements.
The firm acted while bitcoin fell more than 30% from its peak reached in early October. Nomura recognized that fading momentum created wider pressure across its digital asset strategies. The bank maintained long-term interest in the sector despite weaker near-term performance.
Laser Digital’s downturn contributed to a softer consolidated profit for the quarter. Nomura reported net income of ¥91.6 billion, which fell short of analyst expectations. The firm indicated that core operations delivered stable performance across several business lines.
Market Volatility Amplifies Laser Digital Setback
Crypto conditions shifted rapidly through the quarter and created wider challenges for Laser Digital. Bitcoin dropped under ¥75,500 levels and weakened further as global sentiment cooled. Nomura adjusted its digital asset approach to protect earnings and reduce unwanted volatility.
European operations also recorded losses linked to both crypto and non-crypto units. Nomura disclosed a ¥10.6 billion downturn from these segments during the period. The company still achieved overseas profits of ¥16.3 billion, even with a sharp annual decline.
Nomura emphasized that it would continue strengthening its risk framework in the coming months. The firm sought stability while preparing Laser Digital for long-term expansion. Yet the recent turbulence highlighted the pressures facing global crypto-related businesses.
Nomura Shares Drop as Buyback Plan Announced
Nomura’s stock fell nearly 6.8% during Monday trading after the quarterly update. The decline followed the announcement of reduced crypto exposure and lower overseas earnings. The movement reflected broader uncertainty across the Japanese market.
The firm also launched a share buyback program worth up to ¥600 billion. Nomura positioned the buyback as a step to support shareholder returns and reinforce capital strength. The program covered about 3.2% of outstanding shares.
Analysts noted that Nomura’s decisions aligned with ongoing market caution around digital assets. The weaker performance from Laser Digital added pressure to the company’s overall narrative. Nomura signaled confidence in its long-term plans while navigating current challenges.
The post Nomura Retreats From Crypto After Laser Digital Suffers Heavy Q3 Losses appeared first on CoinCentral.
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