News Release

Sep. 30, 2026

Yamatozaitaku, The Chiba Bank: Second Opinion on Positive Impact Finance

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

Matsuzawa, Hachijuni Nagano Bank: Second Opinion on Positive Impact Finance

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

SNK TECHNO, The Hyakugo Bank: Second Opinion on Positive Impact Finance

Establish Control Center, The Hokkaido Bank: Second Opinion on Positive Impact Finance

Establish Control Center, The Hokuriku Bank: Second Opinion on Positive Impact Finance

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

Sep. 29, 2026

JCR Affirmed A- Long-term Issuer Rating on DAIICHI JITSUGYO; Revised Outlook to Positive

JCR Affirmed A (FC) on Samvardhana Motherson International; Revised Outlook to Positive

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

JCR Affirmed AA+p/Stable Long-term Issuer Rating on West Japan Railway

JCR Affirmed A-/Stable and J-1 on Rakuten Group

JCR Affirmed A-/Stable and J-1 on Rakuten Card

JCR Affirmed A-/Stable and J-1 on Rakuten Bank

JCR Affirmed A-/Stable Long-term Issuer Rating on Rakuten Securities

JCR Affirmed A-/Stable Long-term Issuer Rating on Rakuten General Insurance

JCR Affirmed A-/Stable Long-term Issuer Rating on Rakuten Life Insurance

Naricho Taxi, Aomori Michinoku Bank: Second Opinion on Positive Impact Finance

M-TRADING, The Shoko Chukin Bank: Second Opinion on Positive Impact Finance

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

JECT ONE, The Chiba Bank: Second Opinion on Positive Impact Finance

Sep. 28, 2026

[ Asset Securitization Products ] JCR Assigned AAA and A to TEPCO Fintech Leases Receivable Securitization 2026-01

Kansai Electric Power: Reviewed Climate Transition Finance Framework Evaluation: Green 1(T)(F)

SKY Perfect JSAT, Sumitomo Mitsui Trust Bank: Second Party Opinion on Sustainability Linked Loan

Iyasaka Jidousya, Aomori Michinoku Bank: Second Opinion on Positive Impact Finance

Numatakigyou, The Joyo Bank: Second Opinion on Positive Impact Finance

Sep. 25, 2026

NIPPON CHEMI-CON Announces Judgment Rendered Against Its Singapore Subsidiary - Impact on Future Performance and Finances Will Be Closely Watched

SANKEI REAL ESTATE Announces Commencement of a Tender Offer for Its Investment Units by City Index Fifth - Outcome of the Tender Offer and Its Impact on the Rating Will Be Closely Watched

JCR Assigned AA+/Stable FC Long-term Issuer Rating to NBN Co

JCR Upgraded Long-term Issuer Rating on Kobe Steel to A+/Stable; Affirmed J-1 on CP

JCR Affirmed BBB/Stable Long-term Issuer Rating on GAKKEN HD

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

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

JCR Assigned Preliminary AA- Rating to Shelf Registration of Credit Saison

JCR Assigned Preliminary A+ Rating to Shelf Registration of JA MITSUI LEASING

Sumitomo Mitsui Trust Panasonic Finance: Post-execution Verification Report on Sustainability Linked Loan

JA MITSUI LEASING: Post-execution Verification Report on Sustainability Linked Loan/Bond

The Shoko Chukin Bank: Second Party Opinion on The Shoko Chukin Bank Impact Finance Framework

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

TOBISHIMA HOLDING, Mizuho Bank: Second Opinion on Positive Impact Finance

Daiwa Jutaku, The Chiba Bank: Second Opinion on Positive Impact Finance

Sep. 24, 2026

JCR Affirmed AA-/Stable and J-1+ on ITOCHU ENEX

JCR Affirmed AA+/Stable Long-term Issuer Rating on Nippon Prologis REIT

JCR Assigned AA- to Bonds of Cypher Limited Series 36015

RENOVA: Assigned Green Finance Framework Evaluation: Green 1(F)

SOWA, The Hokuriku Bank: Second Opinion on Positive Impact Finance

Sep. 18, 2026

JCR Affirmed A and J-1 on Resonac HD; Revised Outlook to Positive

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

JCR Affirmed A-/Stable and J-1 on ASAHI SHINKIN BANK

JCR Affirmed AA/Stable Long-term Issuer Rating on United Urban Investment Corporation

JCR Assigned AA- to SPIRE SA Series 2026-524

Hachijuni Nagano Bank: Second Party Opinion on Sustainability Linked Loan Framework (Review)

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

Hosoya-seiki, Hamamatsu Iwata Shinkin Bank: Second Opinion on Positive Impact Finance

Interface, THE BANK OF FUKUOKA: Second Opinion on Positive Impact Finance

Sep. 17, 2026

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

JCR Affirmed A+/Stable Long-term Issuer Rating on SEIBU SHINKIN BANK

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea

JCR Affirmed AAp/Stable (FC) and AA+p/Stable (LC) on Korea Development Bank

JCR Affirmed AA/Stable (FC) and AA+/Stable (LC) on Korea Electric Power

Sep. 16, 2026

JCR Affirmed AA+/Stable and J-1+ on ITOCHU

JCR Affirmed A+/Stable FC Long-term Issuer Rating on Bank of East Asia

JCR Affirmed AA-/Stable and J-1+ on POCKET CARD

JCR Affirmed A-/Stable (FC) and A/Stable (LC) on Peru

JCR Assigned AA Rating to Bonds of Daiwa Securities Living Investment Corporation

JCR Assigned Preliminary AA- Rating to Shelf Registration of MORI BUILDING

JCR Assigned Preliminary A+ Rating to Shelf Registration of Yokohama Rubber

JCR Affirmed AA (fp) Fund Portfolio Rating on Green REIT Trust

JVCKENWOOD: Post-execution Verification Report on Sustainability Linked Loan

Sep. 15, 2026

Report on Investigation Regarding Inappropriate Matters at Chubu Electric Power's Hamaoka Nuclear Power Station - No Immediate Impact on the Rating

JCR Upgraded Long-term Issuer Rating on Anicom HD and Anicom Insurance to A+/Stable

JCR Affirmed AA-/Stable and J-1+ on Asahi Group HD; Assigned Preliminary AA- to Shelf Registration

JCR Affirmed A+/Stable and J-1 on THK

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

JCR Affirmed AA/Stable and J-1+ on Hankyu Hanshin HD

JCR Affirmed A/Stable Long-term Issuer Rating on Starts Proceed Investment Corporation

JCR Assigned A- Rating to Bonds of erex

JCR Assigned A+ Rating to Subordinated Loan of DAIWA HOUSE INDUSTRY

[ Asset Securitization Products ] JCR Assigned BBB+ to ABL of NY 24th Street VI LLC / NY 24th Street Operating VI LLC

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

Sep. 14, 2026

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

JCR Affirmed A-/Stable Long-term Issuer Rating on TSUBAKIMOTO KOGYO

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

Sep. 11, 2026

JCR Assigned J-1+ Rating to CP of AIR WATER

JCR Affirmed A- Long-term Issuer Rating on Kanamoto; Revised Outlook to Positive

JCR Affirmed AA/Stable and J-1+ on Mori Trust HD

JCR Affirmed AA/Stable Long-term Issuer Rating on Eurus Energy HD

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

JCR Removed Credit Monitor; Affirmed A on Aichi Financial Group and Aichi Bank, and A- on San ju San Financial Group and San ju San Bank; Placed Stable Outlook

JCR Assigned A- Rating to Bonds of ARATA

JCR Assigned AA+ Rating to Bonds of Kansai Electric Power

JCR Assigned AA- Rating to Bonds of JERA

JCR Assigned BBB+ Rating to Bonds of FURUKAWA

JCR Assigned A Rating to Bonds of Yasuda Real Estate

JCR Assigned AA Rating to Bonds of JCB

JCR Assigned #AA-/Negative Rating to Bonds (Tier 2 with loss absorption clause) of Gunma Bank

JCR Assigned A+ Rating to Subordinated Bonds of Tokyo Century

JCR Assigned A Rating to Bonds (Tier 1 with loss absorption clause) of Mitsubishi UFJ Financial Group

JCR Assigned AAA Rating to Bonds of Central Nippon Expressway