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Sep. 01, 2023: JCR Affirmed A+/Stable Long-term Issuer Rating on HORIBA; Change in CP Maximum Amount of Sumitomo Mitsui Trust Panasonic Finance; Affirmed J-1+; JCR Assigned AA- Rating to Bonds of Asahi Group HD; JCR Assigned AA Rating to Bonds of Kansai Electric Power; JCR Assigned AA Rating to Bonds of DAIWA HOUSE INDUSTRY; JCR Assigned A Rating to Bonds of TEPCO Renewable Power; JCR Assigned A+ Rating to Subordinated Bonds of JAPAN POST INSURANCE; JCR Assigned A+ Rating to Bonds (Tier 2 with loss absorption clause) of Mitsubishi UFJ Financial Group; JCR Assigned AA+ Rating to Bonds of NARITA INTERNATIONAL AIRPORT; JCR Assigned Green 1(F) to Green Loan Framework of Osaka Gas Urban Development Private REIT; JCR Assigned Green 1 (Preliminary Evaluation) to ESG Green Trust (UUR Joint Money Trust)

Aug. 31, 2023: JCR Upgraded Rating on Yanmar HD to A-/Stable and J-1; JCR Upgraded Long-term Issuer Rating on Sanken Electric to BBB+/Stable; JCR Affirmed A Long-term Issuer Rating on Invincible Investment Corporation; Revised Outlook to Positive; JCR Affirmed A/Stable Long-term Issuer Rating on KATO SANGYO; JCR Affirmed BBB+/Stable Long-term Issuer Rating on DAIKI ALUMINIUM INDUSTRY; JCR Assigned A- Rating to Bonds of ARATA; JCR Assigned AA- Rating to Bonds of Kyushu Electric Power; JCR Assigned Preliminary AA- Rating to Shelf Registration of Sumitomo Metal Mining; JCR Assigned AA- Rating to Bonds of Nomura HD; [ Asset Securitization Products ] JCR Assigned BBB- and BB+ to ABL 22-03 Senior and Junior Mezzanine Loan (2nd Loan); Affirmed BBB- and BB+ on ABL 22-03 Senior and Junior Mezzanine Loan (1st Loan) and Preliminary BBB- and Preliminary BB+ on ABL 22-03 Senior and Junior Mezzanine Loan (3rd Loan); JCR Affirmed A+ on Beneficial Interest and ABL of Securitization of Loans Receivable; JCR Assigned Green 1(F) to Joint Local Government Green Bond Framework of Joint Green Bond issuers (Local Governments); JCR Assigned Green 1(Preliminary Evaluation) to Long-term Loan Borrowed by Daiwa House REIT Investment; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by MUFG Bank to Daiki Axis; JCR Provided a Third Party Opinion on Sustainability Linked Loans Conducted by Sumitomo Mitsui Banking to Mitsubishi Estate Logistics REIT Investment; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Bank of Yokohama to Green House; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Ashikaga Bank to Kanzaki Mechanic; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to UEDA SHIKOKI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by THE SHIMIZU BANK to SUGISEKI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Tohoku　Engineering Plastic; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Aoiumi; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ASAKE SEIKO; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to SHIBA PARK HOTEL; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ECO FOOD TOKAI; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to Hakata-hisamatsu; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nishi-Nippon City Bank to Nishinippoon jet-line; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to TAIYO CABLETEC; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to MINATO SHIPPING; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Joyo Bank to SHOUEI; JCR Provided a Third Party Opinion to the Positive Impact Framework of The Kumamoto Bank; JCR Provided a Third Party Opinion to Positive Impact Finance Provided by The Nanto Bank to Okamoto Doseki Kougyo; JCR Withdraws AA Long-term Issuer Rating on Sony Bank