News Release

Mar. 31, 2026

YAKUO Pharmaceutical, The Nanto Bank: Second Opinion on Positive Impact Finance

Taiko Fudosan, THE NISHI-NIPPON CITY BANK: Second Opinion on Positive Impact Finance

Hasuike Sekkei, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance

houkoku industry, The Hyakugo Bank: Second Opinion on Positive Impact Finance

INCLUDE COMMUNICATIONS, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Hokkai Koyo Lumber, The Hokuriku Bank: Second Opinion on Positive Impact Finance

KISHIMOTOGUMI, The Hokkaido Bank: Second Opinion on Positive Impact Finance

Nichimen Auto System, The Hokkaido Bank: Second Opinion on Positive Impact Finance

Marusan Taishin Eletric, The Hokkaido Bank: Second Opinion on Positive Impact Finance

Hakujuji, The Chugoku Bank: Second Opinion on Positive Impact Finance

FUSO GROUP HOLDINGS, The Chugoku Bank: Second Opinion on Positive Impact Finance

Mar. 30, 2026

ROHM Executes a Memorandum of Understanding Toward Business Integration with TOSHIBA's Semiconductor Business and Mitsubishi Electric's Power Devices Business - JCR Will Watch Where This Will End to Be Reflected in the Rating

JCR Assigned BBB+/Stable Long-term Issuer Rating to Hakuto

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

JCR Affirmed A-/Stable Long-term Issuer Rating on Nittetsu Mining

JCR Affirmed AA-/Stable Long-term Issuer Rating on HAMAMATSU PHOTONICS

JCR Affirmed BBB+/Stable Long-term Issuer Rating on Southern TOHOKU Social Welfare Foundation

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

JCR Affirmed A/Stable Long-term Issuer Rating on Miyazaki Bank, Miyagin Lease and Miyagin Guarantee

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

JCR Assigned A to Sylph Limited Series 11004

NANSHIN HEAVY MACHINERY, The Joyo Bank: Second Party Opinion on Sustainability Linked Loan

Sumitomo Mitsui Banking Corporation: Second Party Opinion on SMBC Sustainable Finance Framwork

Activia Properties, Mizuho Bank: Second Opinion on Positive Impact Finance

Sanyo Electric Railway, Mizuho Bank: Second Opinion on Positive Impact Finance

OOYAKEN, Aomori Michinoku Bank: Second Opinion on Positive Impact Finance

DEZAO KENSETSU, THE KYOTO CHUO SHINKIN BANK: Second Opinion on Positive Impact Finance

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

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

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

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

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

Fuzita Mekki Kogyo, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Sanwa-Artis, The Shoko Chukin Bank and The Kumamoto Dai-ichi Shinkin Bank: Second Opinion on Positive Impact Finance

Sanwa-Hitech, The Shoko Chukin Bank and The Kumamoto Dai-ichi Shinkin Bank: Second Opinion on Positive Impact Finance

Mar. 27, 2026

JCR Placed Rating on Bank of Nagoya under Credit Monitor #A/Positive and #J-1/Positive

Kyushu Electric Power Announces Its Plan to Transition to a Pure Holding Company Structure - No Impact on the Rating

JCR Assigned A-/Stable Long-term Issuer Rating to MIXI

JCR Affirmed BBB (FC) and BBB+ (LC) on Romania; Revised Outlook to Stable

JCR Affirmed AA-/Stable Long-term Issuer Rating on TAISEI

JCR Affirmed AA-/Stable Long-term Issuer Rating on OBAYASHI

JCR Affirmed AA-p/Stable Long-term Issuer Rating on SHIMIZU

JCR Affirmed AA/Stable and J-1+ on Mitsubishi HC Capital and AA/Stable on Mitsubishi HC Capital UK

JCR Affirmed AA/Stable on Capital Insurance

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Total Engine Asset Management

JCR Affirmed A/Stable (FC/LC) on Italy

JCR Affirmed AA-/Stable Long-term Issuer Rating on SC Realty Private REIT

JCR Assigned Preliminary AA- Rating to Shelf Registration of POCKET CARD

[ Asset Securitization Products ] JCR Affirmed J-1 on Dispensing Fees Receivable ABL Program (Nanba Pharmacy)

The Shoko Chukin Bank: Second Party Opinion on Green Finance/Blue Finance/Social Finance/Sustainability Finance Framework (Review)

Osaka Prefecture: Second Party Opinion on Sustainability Linked Loan Framework

Comforia Residential REIT, Mizuho Bank: Second Opinion on Positive Impact Finance

Fuyo General Lease, Mizuho Bank: Second Opinion on Positive Impact Finance

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

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

Yashima, The Tama Shinkin Bank: Second Opinion on Positive Impact Finance

Mar. 26, 2026

JCR Affirmed BBB+ Long-term Issuer Rating on Fukui Bank; Revised Outlook to Positive

JCR Affirmed A-/Stable and J-1 on Osaka Shoko Shinkin Bank

JCR Affirmed A+/Stable and J-1 on Mortgage Corporation of Japan

JCR Affirmed A/Stable Long-term Issuer Rating on Tosei Reit Investment Corporation

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

JCR Assigned Preliminary A+ Rating to Shelf Registration of TODA

SEIBU HOLDINGS: Second Party Opinion on Sustainability Linked Loan Framewaork
Assigned Sustainability Finance Framework / Nature Finance Framework Evaluation: SU 1(F), Nature 1(F)

TOKYO SUISAN TERMINAL: Evaluation of Conformity of Green Loan Framework

Office SBK, The Kumamoto Bank: Second Opinion on Positive Impact Finance

Mar. 25, 2026

TAIHEIYO CEMENT to Acquire Tokuyama's Domestic Cement and Stabilizer Sales Business-No Immediate Impact on Rating

Nippon Sheet Glass Announces Capital Injection by Apollo Funds and Debt-to-Equity Swap by Major Banks - Closely Watch Profit and Loss and Financials After This

JCR Affirmed A-/Stable Long-term Issuer Rating on Seiwa Building

JCR Affirmed AA/Stable Long-term Issuer Rating on DAIWA HOUSE INDUSTRY

JCR Affirmed AA-/Stable Long-term Issuer Rating on Awa Bank

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM

JCR Affirmed AA+/Stable Long-term Issuer Rating on SECOM GENERAL INSURANCE

JCR Affirmed A+/Stable Long-term Issuer Rating on Hoshino Resorts REIT

JCR Assigned AAA Rating to Bonds of NTT TC Leasing

JCR Assigned AA to SPIRE SA Series 2026-246

Howa: Second Party Opinion on Sustainability Linked Loan Framework

RASATEC, The Chiba Bank: Second Opinion on Positive Impact Assessment

Fuji Kensetsu, The Kumamoto Bank: Second Opinion on Positive Impact Finance

Oka Juki Sangyo, San ju San Bank: Second Opinion on Positive Impact Finance

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

TO-FOODS, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

Matsushima Measure Tech, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

WAQUO INDUSTRY, The Hokkaido Bank: Second Opinion on Positive Impact Finance

IMCA, The Nanto Bank: Second Opinion on Positive Impact Finance

HAMADA, The Nanto Bank: Second Opinion on Positive Impact Finance

UNIROOT, The Nanto Bank: Second Opinion on Positive Impact Finance

WORLD, The Nanto Bank: Second Opinion on Positive Impact Finance

Mar. 24, 2026

Change in CP Maximum Amount of Idemitsu Kosan; Affirmed J-1

JCR Affirmed AAA/Stable Long-term Issuer Rating on Kyushu University

JCR Assigned AA to Oxygen Capital Limited Series 183-5

JCR Assigned AA- to SPIRE SA Series 2026-238

JCR Assigned AA to SPIRE SA Series 2026-245

JCR Assigned A- to SPIRE SA Series 2026-274

Mar. 23, 2026

JCR Affirmed A- (FC) and A (LC) on Hungary and National Bank of Hungary; Revised Outlook to Negative

JCR Affirmed AA/Stable Long-term Issuer Rating on NITTO DENKO

JCR Assigned A Rating to Subordinated Loan of JFE HD

[ Asset Securitization Products ] JCR Assigned A+ to US real estate secured loan securitization 2026-03

Oita Prefecture: Second Party Opinion on Sustainability Linked Loan Framework

Mar. 19, 2026

Daio Paper and Hokuetsu Announce the Revision of Their Capital Relationship - Limited Impact on Their Ratings

JCR Affirmed A+/Stable Long-term Issuer Rating on SCREEN HD