Nomura Principal Sells Stake In Misawa Home

Nomura Principal Finance Co., Ltd., a wholly owned subsidiary of Nomura Holdings, Inc., announced that it will sell its entire stake in Misawa Home Co., to Toyota Home Co., a housing unit of Toyota Motor Co. Nomura Principal invested in Misawa in 2005 and became a top shareholder. Nomura Principal and Toyota, the second biggest shareholder of Misawa, reached the agreement with the understanding that Toyota intends to beef up Toyota Home via strengthening ties with Misawa Home.