Nomura Stock Drops 6.8% After Crypto Unit Loss

Edgen Crypto

·Feb 02 2026, 07:07

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Key Takeaways

Japanese financial giant Nomura is reducing its cryptocurrency risk after its European digital asset subsidiary posted a significant loss in its third-quarter report. The move triggered a sharp sell-off in Nomura's stock, signaling investor concern over the profitability of institutional crypto ventures.

Nomura is temporarily scaling back exposure to its European crypto subsidiary, Laser Digital Holdings, to manage short-term risk.
The decision follows a 10.6 billion yen ($68.47 million) loss attributed to its crypto and non-crypto European ventures in the quarter ending December 31.
The market reacted negatively, with Nomura's stock on the Tokyo Stock Exchange falling approximately 6.8% following the earnings announcement.

Crypto Subsidiary Posts 10.6B Yen Loss, Triggering Risk Reduction

Japanese banking firm Nomura is reducing its exposure to cryptocurrency markets after reporting poor performance from its digital assets division. The firm’s third-quarter earnings, for the period ending December 31, revealed a 10.6 billion yen ($68.47 million) loss from its European ventures, which includes the Switzerland-based crypto subsidiary Laser Digital Holdings. In response to the loss, Chief Financial Officer Hiroyuki Moriuchi announced that the firm would implement stringent position management to reduce risk over the next few months. Despite the short-term pullback, Moriuchi reaffirmed the company's long-term strategic commitment to digital assets.

Nomura Stock Falls 6.8% as Overseas Profits Plunge 70%

The financial impact of the subsidiary's performance was compounded by a broader decline in the company's international business. Nomura's profit from overseas ventures fell to 16.3 billion yen ($105.29 million), a 70% decrease from the same period one year earlier. This weak performance contributed to a 9.7% drop in the company's overall net income to 91.6 billion yen ($590 million). Investors reacted swiftly to the results, sending Nomura's shares down 6.8% on the Tokyo Stock Exchange. The sell-off reflects growing investor apprehension regarding corporate crypto strategies during periods of market instability.

there is a vague sense of unease about the overall market direction, and that seems to have combined with the surprise on the crypto front to set off selling.

— Hideyasu Ban, Senior Analyst at Bloomberg Intelligence.