News Release

Mar. 13, 2026: TOWA BANK Revises Its Earnings Forecast Downward - No Impact on the Rating; JCR Affirmed A+/Stable Long-term Issuer Rating on HASEKO; JCR Affirmed A+/Stable and J-1 on JA MITSUI LEASING; JCR Assigned AA Rating to Bonds of Tohoku Electric Power; JCR Assigned AAA Rating to Bonds of Central Nippon Expressway; Japan: Assigned Climate Transition Bond Evaluation: Green 1(T); Joint Green Bond Issuers (Local Governments): Assigned Green 1 to Joint Local Government Green Bond 7th; Haruei Unso, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan; B-Lot Company, The Chiba Bank: Second Opinion on Positive Impact Assessment; BEANS, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; EAT-yui, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance; Hokkaido Kenseisya, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Mar. 12, 2026: JCR Assigned BBB/Stable Long-term Issuer Rating to Crasus Chemical; JCR Affirmed A- Long-term Issuer Rating on Tokyo Shinkin Bank; Revised Outlook to Positive; JCR Affirmed A+/Stable Long-term Issuer Rating on YOKOHAMA MINATOMIRAI RAILWAY; JCR Affirmed AA/Stable Long-term Issuer Rating on Frontier Real Estate Investment Corporation; JCR Assigned Preliminary A+ Rating to Shelf Registration of J. FRONT RETAILING; Results of Review of Structured Finance Products (Excluding Those to Which Credit Ratings Are Assigned) February 2026; The Bank of Yokohama: Second Party Opinion on Materiality Support Loan Framework

Mar. 11, 2026: JCR Affirmed A+/Stable Long-term Issuer Rating on INFRONEER HD; JCR Assigned A- Rating to Subordinated Bonds of TOKAI CARBON; JCR Withdraws A+ Long-term Issuer Rating on Sumitomo Mitsui Construction; Prime, San ju San Bank: Second Opinion on Positive Impact Finance

Mar. 10, 2026: JCR Affirmed BBB+/Stable Long-term Issuer Rating on Sintokogio; JCR Affirmed A-/Stable (FC/LC) on Berli Jucker; JCR Affirmed A-/Stable Long-term Issuer Rating on SAIKYO BANK; JCR Affirmed AA+/Stable Long-term Issuer Rating on Kanagawa Prefectural Housing Supply Corporation; JCR Assigned Preliminary AA Rating to Shelf Registration of TOKYU; KOUWAKOUGYO, San ju San Bank: Second Opinion on Positive Impact Finance; Kamoi Kakoshi, The Chugoku Bank: Second Opinion on Positive Impact Finance; KATOH-GUMI STEEL CONSTRUCTION, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Mar. 09, 2026: JCR Affirmed A/Stable Long-term Issuer Rating on Shibusawa Logistics; JCR Affirmed AA/Stable Long-term Issuer Rating on Sompo Warranty; JCR Affirmed A-/Stable and J-1 on MITSUBISHI MATERIALS

Mar. 06, 2026: JCR's Rating Review of 3 Major Shipping Companies; JCR Affirmed A+/Stable Long-term Issuer Rating on Ocean Network Express; JCR Affirmed A-/Stable Long-term Issuer Rating on Kita-Nippon Bank; JCR Affirmed AA/Stable (FC) on Shinhan Bank and AA-/Stable on Shinhan Bank Japan; JCR Affirmed AA-/Stable (FC) and AA/Stable (LC) on China; JCR Assigned A Rating to Bonds of PENTA-OCEAN CONSTRUCTION; JCR Assigned A+ Rating to Bonds of SUGI HD; JCR Assigned A+ Rating to Bonds of Nagoya Railroad; JCR Assigned AA- Rating to Bonds of Pan Pacific International HD; JCR Assigned AA- Rating to Bonds of Hulic; JCR Assigned AA Rating to Bonds of Mitsui Fudosan; JCR Assigned AAA Rating to Bonds of NTT TC Leasing; JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Mizuho Financial Group; [ Asset Securitization Products ] JCR Assigned Preliminary AAA to Beneficial Interest of unus202603; JCR Assigned AA- to SPIRE SA Series 2026-15

Mar. 05, 2026: JCR Placed Rating on NIDEC under Credit Monitor #AA/Negative; JCR Removed Credit Monitor; Upgraded Rating on KROSAKI HARIMA to AA and J-1+; Placed Stable Outlook; JCR Affirmed A+ and J-1 on JGC HD; Revised Outlook to Stable; JCR Affirmed AA+/Stable Long-term Issuer Rating on au Jibun Bank; JCR Affirmed AA+/Stable and J-1+ on Master Trust Bank of Japan; JCR Affirmed AA+/Stable and J-1+ on Custody Bank of Japan; JCR Affirmed A/Stable Long-term Issuer Rating on Hyakujushi Bank; JCR Assigned AA Rating to Bonds of Keio; JCR Assigned A Rating to Bonds of KONICA MINOLTA; JCR Assigned AA- Rating to Bonds of NIPPON SANSO HD; JCR Assigned BBB+ Rating to Bonds of Premium Water HD

Mar. 04, 2026: JCR Assigned A-/Stable Long-term Issuer Rating to OKUMURA and Preliminary A- to Shelf Registration; JCR Affirmed AA/Stable Long-term Issuer Rating on Kanagawa University; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Monex Group and J-2 Rating on CP of Monex Finance; JCR Affirmed AA/Stable and J-1+ on Monex; JCR Affirmed AA-/Stable FC Long-term Issuer Rating on SMFG India Credit; JCR Affirmed AAA/Stable Long-term Issuer Rating on National Institution for Academic Degrees and Quality Enhancement of Higher Education; JCR Affirmed AA/Stable Long-term Issuer Rating on Nomura Real Estate Master Fund; Mazda Motor: Reviewed Sustainability Finance Framework / Climate Transition Finance Framework / Transition Link Finance Framework Evaluation: SU 1(F),Green 1(T)(F)

Mar. 03, 2026: JCR Upgraded Long-term Issuer Rating on Oenon HD to BBB+/Stable; JCR Affirmed AA-/Stable and J-1+ on Niterra; Change in CP Maximum Amount; JCR Affirmed AA-/Stable Long-term Issuer Rating on MINEBEA MITSUMI; JCR Affirmed A-/Stable Long-term Issuer Rating on Yasuda Logistics; JCR Affirmed A-/Negative Long-term Issuer Rating on YOKOREI; JCR Affirmed AA-/Stable Long-term Issuer Rating on Kyodo Housing Loan; JCR Affirmed A+p/Stable FC Long-term Issuer Rating on Deutsche Bank; JCR Affirmed AA-/Stable FC Long-term Issuer Rating on Hyundai Capital Services; JCR Affirmed AA-/Stable FC Long-term Issuer Rating on Hyundai Card

Mar. 02, 2026: SoftBank Group Announces Follow-on Investment in OpenAI - OpenAI's Business Operations to Be Closely Watched; JCR Assigned J-1 Rating to CP of SWCC; JCR Affirmed A/Stable and J-1 on SAN-AI OBBLI; JCR Affirmed BBB+/Stable Long-term Issuer Rating on Soken Chemical & Engineering; JCR Affirmed AA/Stable Long-term Issuer Rating on DREAM Private REIT; JCR Affirmed AAA/Stable Long-term Issuer Rating on Asian Development Bank; JCR Affirmed A+/Stable FC Long-term Issuer Rating on Banco Santander-Chile; JCR Assigned AA Rating to Bonds of T&D HD; JCR Assigned AA- Rating to Sylph Limited Series 60245; [ Asset Securitization Products ] JCR Withdraws J-1+ on Monthly Clear Receivable Securitization ABL Program (Japan Securitization Corporation)

Feb. 27, 2026: JCR Assigned A/Stable Long-term Issuer Rating to Taikisha; JCR Upgraded Long-term Issuer Rating on Daiwabo HD to A+/Stable; JCR Affirmed BBB+/Stable FC Long-term Issuer Rating on Indofood CBP Sukses Makmur; JCR Affirmed A/Stable and J-1 on Aozora Bank; JCR Affirmed AA-/Stable and J-1+ on Credit Saison; JCR Affirmed AA-/Stable Long-term Issuer Rating on SOSiLA Logistics REIT; JCR Assigned A Rating to Bonds of NIPPN; JCR Assigned A Rating to Bonds of JAPAN NUCLEAR FUEL; JCR Assigned A+ Rating to Bonds of HIKARI TSUSHIN; JCR Assigned A Rating to Bonds of KYUSHU LEASING SERVICE; JCR Assigned AA- Rating to Bonds of Mizuho Leasing; JCR Assigned AA Rating to Bonds of Mitsubishi HC Capital; JCR Assigned Preliminary AA Rating to Shelf Registration of Kyushu Electric Power

Release Information: News Release; Issuer Reports; Reports relating to Issuer; JCR News