**[Nomura Subsidiary Reducing Crypto Asset Exposure Due to FY 2025 Q3 Losses]** Foresight News reports, citing Bloomberg, that Nomura Holdings stated its European digital asset subsidiary, Laser Digital Holdings, is reducing its crypto asset exposure. During a financial briefing, Nomura’s Chief Financial Officer Hiroshi Morinouchi explained that Laser Digital recorded losses in Q3 of FY 2025 (October to December) due to market volatility and is currently mitigating risks through stringent position management. Morinouchi emphasized that Nomura’s commitment to digital asset-related businesses remains unchanged, and the company still plans to expand its business scale in the medium to long term. *Note: The fiscal year for Japanese companies differs from the calendar year used by most countries, running from April 1 to March 31 of the following year.*