Note holder, Nomura has an imperative to cash up (as noted in an...

Note holder, Nomura has an imperative to cash up (as noted in an earlier link.)

See Japan Times October 29;
https://japantoday.com/category/business/Nomura-second-quarter-profit-slumps-51-

Oct. 29 03:36 am JST
..”Nomura Holdings Inc, Japan's biggest brokerage and investment bank, on Wednesday posted a 51.2% slump in second-quarter net profit from last year, which was swelled by the stake sale in its research-focused unit.....
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...Nomura has been in a heavy cost-cutting mode for the past year, targeting about 140 billion yen in cuts by March 2022. More than 70% of the plan had been achieved as of end-June.”