Nomura Holdings' stock price fell more than 5% at one point, with losses from its cryptocurrency business dragging down performance

Nomura Holdings' stock price fell by 5.3% to 1,338 yen during the morning session on the 2nd. This followed the company's disclosure of its financial report, which indicated losses in its cryptocurrency business, leading to a negative market reaction.

Reports indicate that Laser Digital Holdings, Nomura's Swiss subsidiary engaged in cryptocurrency trading, recorded losses in the quarter due to market volatility, although the specific amount has not been disclosed. Analysts estimate that the losses could exceed 10 billion yen. Nomura's CFO stated that they have reduced risk exposure through stricter position management but still believe that the cryptocurrency business has growth potential in the medium to long term.

The financial report showed that Nomura Holdings' consolidated net profit for the third quarter was 91.6 billion yen, below the market expectation of 95.1 billion yen. Additionally, the company announced a stock repurchase plan of up to 60 billion yen, accounting for approximately 3.2% of the issued shares.