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Nov. 02, 2026

Mitsubishi Logistics to Acquire HANKYU HANSHIN EXPRESS as a Wholly Owned Subsidiary - Limited Impact on CreditworthinessNEW

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

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

JCR Affirmed A/Stable Long-term Issuer Rating on Ogaki Kyoritsu Bank and Kyoyu Lease; and J-1 on Kyoyu LeaseNEW

JCR Affirmed AA/Stable Long-term Issuer Rating on Resona HD, Resona Bank, Saitama Resona Bank, Kansai Mirai Bank and MINATO BANK; and J-1+ on Kansai Mirai BankNEW

JCR Affirmed AA/Stable and J-1+ on Resona LeasingNEW

[ Asset Securitization Products ] JCR Upgraded Voyager Limited Series 2017-2488 to ANEW

[ Asset Securitization Products ] JCR Affirmed A on Commitment Line of Trust ABCL (7361)NEW

Japan: Climate Transition Bonds (Bond No.6, 5-Year, Issued in November 2026) - Evaluation: Green 1 (T)NEW

THE NISHI-NIPPON CITY BANK: Second Party Opinion on Sustainability Linked Loan FrameworkNEW

THE KYOTO CHUO SHINKIN BANK: Second Party Opinion on Impact Finance FrameworkNEW

Oct. 30, 2026

JCR Assigned A/Stable Long-term Issuer Rating to Tekscend Photomask

JCR Placed Rating on YOKOREI under Credit Monitor #A-/Negative

JCR Placed Rating on SHIGA BANK under Credit Monitor #A+/Negative and Rating on Senshu Ikeda Bank under Credit Monitor #A/Positive

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

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

JCR Affirmed AA-/Stable FC Long-term Issuer Rating on Aflac Incorporated; AA+/Stable FC Long-term Issuer Rating on American Family Life Assurance Company of Columbus and Aflac Re Bermuda; and AA+/Stable Long-term Issuer Rating on Aflac Life Insurance Japan

JCR Affirmed A-/Stable FC Long-term Issuer Rating on Far East Horizon

JCR Affirmed A-/Stable Long-term Issuer Rating on Shiba Shinkin Bank

JCR Affirmed A-/Stable Long-term Issuer Rating on Tokaido REIT

JCR Assigned Preliminary A+ Rating to Shelf Registration of HIKARI TSUSHIN

[ Asset Securitization Products ] JCR Assigned Preliminary A to Senior Beneficial Interest 7931601 Series 12

JCR Withdraws A Long-term Issuer Rating on LOGISTEED

Hulic Real Estate Investment Advisors: Assigned Social Loan Framework Evaluation: Social 1(F)

EXEO Group: Reviewed Green Bond Evaluation: Green 1

Mt.Fuji GX Holdings, Mizuho Bank: Second Opinion on Positive Impact Finance

Mashimo Construction, The Ashikaga Bank: Second Opinion on Positive Impact Finance

Sakaekaihatsu, The Kita-Nippon Bank: Second Opinion on Positive Impact Finance

MEIWA ESTATE, The Keiyo Bank: Second Opinion on Positive Impact Finance

YK trans, San ju San Bank: Second Opinion on Positive Impact Finance