TechFlow News: On January 30, according to Bloomberg, Hiroyuki Morinai, CFO of Nomura Holdings, disclosed at that day’s analyst earnings briefing that its Swiss subsidiary, Laser Digital Holdings, incurred losses in Q3 (October–December) 2025 due to market volatility and announced it is reducing risk exposure at its European digital asset subsidiary.
Nomura stated that, given significant earnings volatility caused by market fluctuations, the company is mitigating risk exposure through strict position management. Nevertheless, Nomura Holdings emphasized its continued commitment to digital asset-related businesses and plans to expand this business over the medium to long term.




