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Dec. 29, 2025

JCR Downgraded Long-term Issuer Rating on Energy Absolute to CCC/Stable

JCR Affirmed A-/Stable Long-term Issuer Rating on Starzen

JCR Affirmed A+/Stable Long-term Issuer Rating on Nishi-Nippon Financial HD and NISHI-NIPPON CITY BANK

JCR Affirmed A/Stable Long-term Issuer Rating on KYUSHU LEASING SERVICE

JCR Assigned Preliminary AA- Rating to Shelf Registration of ES-CON JAPAN

Cosmo Engineering, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

Maeda Forestry, Aomori Michinoku Bank: Second Opinion on Positive Impact Finance

Dec. 26, 2025

Shimadzu Announces Acquisition of Tescan - No Immediate Impact on Rating

JCR Assigned A-/Stable (FC/LC) to Tidlor Holdings

JCR Upgraded Rating on Chuo-Nittochi Private REIT from A+/Positive to AA-/Stable

JCR Affirmed AAA/Stable Long-term Issuer Rating on National University Corporation, the University of Osaka

JCR Affirmed A/Stable and J-1 on Yasuda Real Estate

JCR Affirmed A+/Stable Long-term Issuer Rating on Renesas Electronics

JCR Affirmed A-/Stable Long-term Issuer Rating on AIFUL

JCR Affirmed A+/Stable Long-term Issuer Rating on Juroku Financial Group and Juroku Bank

JCR Affirmed A/Stable Long-term Issuer Rating on Toho Bank

[ Asset Securitization Products ] JCR Affirmed J-1+ on Internet Communication Fee Receivable Securitization ABL Program (Japan Securitization Corporation)

[ Asset Securitization Products ] JCR Affirmed J-1+ on Telecommunication Fee Receivable Securitization ABL Program (Japan Securitization Corporation)

[ Asset Securitization Products ] JCR Assigned A to Facility 25-12 ABL

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 25-12

JCR Withdraws J-1+ Rating on CP of NTT DATA GROUP

JCR Withdraws A+ Long-term Issuer Rating on FUJI ELECTRIC

OONO ASSOCIATES: Assigned Green Loan Framework Evaluation: Green 1(F)

Shiga Prefecture: Post-issuance Verification Report on Sustainability Linked Bond

Sumitomo Forestry, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment (Review)

SJ Recycle, The Nanto Bank: Second Opinion on Positive Impact Finance

FUJI POLYMER, The Nanto Bank: Second Opinion on Positive Impact Finance

Yumoto Interior Design, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance

Shinsei Kogyosho, The Senshu Ikeda Bank: Second Opinion on Positive Impact Finance

Dec. 25, 2025

SAPPORO HD Injects External Capital into Real Estate Business - No Impact on Rating