News Release

May. 29, 2026

JCR Assigned A+/Stable Long-term Issuer Rating to Yamaha Motor

JCR's Rating Review of City Gas Companies

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

JCR Affirmed AA-/Stable Long-term Issuer Rating on Nitori HD

JCR Affirmed A+/Stable (FC/LC) on BPPA (EXAU) Master HD and Australia Core Property

JCR Assigned A- Rating to Bonds of GMO internet group

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned A+ Rating to Bonds of NICHIREI

JCR Assigned AA Rating to Bonds of Mitsui Fudosan

JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Sumitomo Mitsui Financial Group

JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO CHEMICAL

JCR Assigned Preliminary A- Rating to Shelf Registration of Premium Group

JCR Withdraws A+ (FC/LC) on Abacus Group

JCR Assigned AA- to SPIRE SA Series 2026-340

[ Asset Securitization Products ] JCR Assigned J-1+ to Hokuriku Bank A Corporation Bills & Electronically Recorded Receivables ABL 26-05

OHMAGARI FAMILY CLINIC : Assigned Social Loan Framework Evaluation: Social 1(F)

TOKYU: Reviewed Sustainable Finance Framework Evaluation: SU 1(F)

Yoshikawa Kenzai Sangyo, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

The Nanto Bank: Second Opinion on Sustainable Deposit Framework

Kasai Sangyo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Kawase Seiko, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Nakazawa Group Holdings, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

BIG WAVE KAWASAKI, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

FUJIPRECON, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

May. 28, 2026

JCR Upgraded Long-term Issuer Rating on CTP to A/Stable

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

Change in CP Maximum Amount of ISUZU MOTORS ; Affirmed J-1

JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on Czech Republic

JCR Assigned AA Rating to Bonds of ASAHI KASEI

JCR Assigned A+ Rating to Bonds of LIXIL

JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital

JCR Assigned A+ Rating to Subordinated Bonds of Mitsubishi HC Capital

May. 27, 2026

JCR Affirmed AA-/Stable and J-1+ on Sumitomo Metal Mining

JCR Affirmed A+/Stable Long-term Issuer Rating on SUMITOMO HEAVY INDUSTRIES

JCR Affirmed AA-/Stable Long-term Issuer Rating on TOKYU REIT

[ Asset Securitization Products ] JCR Assigned A to Senior Beneficial Interest 7931601 Series 11

ALLAGI, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

May. 26, 2026

KINDEN Announces a Tender Offer for Kodensha, An Electrical Facilities Construction Company - No Impact on the Rating

JCR Assigned A-/Stable FC Long-term Issuer Rating to Aboitiz Equity Ventures

JCR Affirmed A+ (FC/LC) on CTF Services; Revised Outlook to Positive

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

JCR Assigned A- Rating to Bonds of SKYLARK HD

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AA- Rating to Bonds of Fuyo General Lease

May. 25, 2026

JCR Affirmed A Long-term Issuer Rating on Nanto Bank; Revised Outlook to Positive

JCR Affirmed AA-/Stable Long-term Issuer Rating on Coca-Cola Bottlers Japan HD

JCR Affirmed A+/Stable LT Issuer Rating on ROHTO PHARMACEUTICAL

JCR Assigned AA+ Rating to Bonds of Kansai Electric Power

JCR Assigned Preliminary BBB+ Rating to Subordinated Bonds of SoftBank Group

Japan: Climate Transition Bonds (Bond No.5, 5-Year, Issued in May 2026) - Evaluation: Green 1 (T)

Hulic Private Reit: Assigned Green Equity Evaluation: Green 1

Unicast, The Joyo Bank: Second Opinion on Positive Impact Finance

May. 22, 2026

JCR Affirmed A-/Stable Long-term Issuer Rating on IINO KAIUN

JCR Affirmed BBB+/Stable Long-term Issuer Rating on EIKEN CHEMICAL

JCR Affirmed AAA/Stable (FC/LC) on United Kingdom

JCR Assigned AA- Rating to Bonds of SoftBank

JCR Assigned A+ Rating to Bonds of Nishi-Nippon Railroad

JCR Assigned A- Rating to Bonds of Renault

JCR Assigned A Rating to Bonds of NEC Capital Solutions

JCR Assigned AAA Rating to Bonds of TOYOTA FINANCE

JCR Assigned AAA Rating to Bonds of West Nippon Expressway

JCR Assigned Preliminary AA Rating to Shelf Registration of Mitsui Fudosan

Tokyo Tatemono Private REIT: Assigned Green Equity Evaluation: Green 1

MEIGI WORKS, San ju San Bank: Second Opinion on Positive Impact Finance

May. 21, 2026

Rakuten Group Announces the Reorganization of the FinTech Business - Limited Impact on the Rating

Rakuten Bank and Rakuten Group to Reorganize the FinTech Business - No Impact on the Rating

JCR Upgraded on Long-term Issuer Rating on Tokyo Tatemono to A+/Stable; Affirmed J-1 on CP

JCR Affirmed AA/Stable Long-term Issuer Rating on Comforia Residential REIT

JCR Assigned AA+ Rating to Bonds of ITOCHU

JCR Assigned AA Rating to Bonds of Chugoku Electric Power

JCR Assigned AAA Rating to Bonds of Tokyo Metro

JCR Assigned AA Rating to Bonds of Sumitomo Mitsui Finance and Leasing

JCR Assigned AAA Rating to Bonds of JASSO

JCR Assigned AA- Rating to Bonds of Japan Excellent

[ Asset Securitization Products ] JCR Assigned J-3 to Next Funding ABL Program (Narasaki Stax)

May. 20, 2026

JCR Affirmed A/Stable and J-1 on KAGOME

JCR Affirmed A+/Stable Long-term Issuer Rating on Hiroshimashi Credit Cooperative

May. 19, 2026

JCR Affirmed A+/Stable Long-term Issuer Rating on Kajima Private REIT

JCR Affirmed AA-/Stable Long-term Issuer Rating on DL Life Partner REIT

JCR Assigned BBB+ Rating to Preferred Shares of Japan Airlines

Change in CP Maximum Amount of COSMO ENERGY HD; Affirmed J-1

[ Asset Securitization Products ] JCR Affirmed AAA and A+ on Class A and B Beneficial Interest of Investment Condominium Loans Trust (220220)

May. 18, 2026

KAGA ELECTRONICS Announces a Tender Offer for Shinko Shoji - No Immediate Impact on the Rating

Japan: Climate Transition Bonds (Bond No.5, 5-Year & 10-Year, To be Issued in FY2026) — Preliminary Evaluation: Green 1 (T)

May. 15, 2026

Mizuho Bank's Stake in Orico to Be Lowered - No Impact on the Rating

JCR Assigned AA Rating to Bonds of Kyushu Electric Power

JCR Assigned AA Rating to Bonds of Tohoku Electric Power

JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Nomura HD

JCR Assigned Preliminary A+ Rating to Subordinated Bonds of Mitsubishi HC Capital

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway

Daiwa Securities Group, Sumitomo Mitsui Trust Bank: Second Opinion on Positive Impact Assessment

May. 14, 2026

Basic Agreement on Management Integration Between NSK and NTN - JCR to Monitor Future Progress and Reflect It in Rating

LOGISTEED HD to Assume LOGISTEED's Bonds Issued and Outstanding - No Impact on the Rating on Individual Bonds

JCR Placed Rating on Aichi Financial Group and Aichi Bank under Credit Monitor #A/Negative and Rating on San ju San Financial Group and San ju San Bank under Credit Monitor #A-/Positive

JCR Assigned Preliminary AA Rating to Shelf Registration of Resona HD

Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) April 2026

May. 13, 2026

JCR Upgraded Long-term Issuer Rating on Japan Hotel REIT Investment Corporation to AA-/Stable

JCR Upgraded Long-term Issuer Rating on Invincible Investment Corporation to AA-/Stable

JCR Affirmed AAAp/Stable Long-term Issuer Rating on Shin-Etsu Chemical

JCR Affirmed AA/Stable and J-1+ on Kyoei Fire and Marine Insurance