News Release

Mar. 13, 2026

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

JCR Affirmed AA on Long-term Issue Rating of Asagao Credit Service LLC

[ Asset Securitization Products ] JCR Affirmed A on Beneficial Interest (202502)

[ Asset Securitization Products ] JCR Assigned A+ to US real estate secured loan securitization 2026-02

JCR Withdraws BBB+ Long-term Issuer Rating on SBI FinTech Solutions

HEIWA REAL ESTATE: Assigned Sustainability Finance Framework Evaluation: SU 1(F)

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

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

Precious, THE SAITAMAKEN SHINKIN BANK: Second Opinion on Positive Impact Finance