Now yet another slightly larger draft (payment default notice):
The creditor is Mylly Shopping Centre, where Noho has several restaurants.
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Yeah, there seem to be three restaurants there. You wouldn’t think that kind of rent arrears would accumulate in a month, so it doesn’t seem to be just about a single “oversight”.
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Four that are linked to NoHo, but through various arrangements of course. Friends&Brgers, Classic American Diner, Hanko Aasia and Jungle Juice bar.
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Only American Diner Mylly is under NoHo Partners Plc, and the rest are under a different company. Therefore, it is likely that these are the rents for this location.
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I just read OP’s preview from today. They certainly seem to have strong confidence in the company and the market’s improvement. They reiterated the €9.6 target price.
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NoHo’s restaurants have been quite busy based on this.
Over a million visitors at the Helsinki Expo and Convention Centre last year | News in brief | Yle
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A few positive news items from last week regarding the Finnish economy. If it picks up and trickles down to Noho as well.
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https://research.nordea.com/api/reportfileapi?id=1432a80c-84f1-4056-8d53-9728b6f66cd6
An update from Nordea. A slight trim to the target price. In Denmark, Q4 “market growth” was 5% according to card data, in Finland 2%. No equivalent could be presented for Norway; it has been on hiatus for one reason or another for a long time.
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Here are Arttu’s and Sale’s comments as NoHo releases its Q4 results on Wednesday 
We expect acquisition-driven revenue growth and good profitability from Q4 despite the challenges in Norway. We believe the company will continue on its path of dividend growth and provide positive guidance for 2026. We are paying special attention to the turnaround of profitability challenges in the Norwegian business and the outlook for the current year 2026. The company’s earnings release can be followed here at 10:00.
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Revenue fell short of Sauli’s forecasts, but the result was in line with expectations. Dividend cut, which I personally like.
What the market thinks of it is another matter.
Edit: improved wording
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Well, what do you think? Since Finns are a nation of dividend lovers, we’re going to tank hard today 
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Good morning! 
The financial statement release is out. A challenging year 2025 ended with a strong final quarter.
Welcome to join our earnings webcast today starting at 10:00 am.
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In my opinion, the more significant issue with this dividend halving is that less than two years ago, the strategy promised a steadily increasing dividend. It is somewhat concerning that the strategy is changed so capriciously. Someone might regret that they trusted the new strategy in May 2024 and invested in a company paying a steadily growing dividend. I understand if there are disappointed shareholders and if dividend investors look for more reliable targets.
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I think it’s a good move to save half of the dividend to be used for acquisitions and reducing leverage. Indebtedness has become the new “Eezy,” where people are constantly asking and grilling about how big of a problem it really is. After all, Noho is also always on the lists of “the most irrational dividend payers.” Hopefully, this attracts growth investors to the company; there are certainly plenty of opportunities in the market right now.
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It is not in the investor’s interest to pay an excessive dividend either.
Strategies and policies often seem to reflect the company’s current mindset more than permanent, set-in-stone principles. In other words, an X amount of dividend is paid from earnings as long as the ability to pay remains.