News Release

May. 31, 2024: JCR Provided a Second Opinion to Positive Impact Assesment Provided by Sumitomo Mitsui Trust Bank to Tokyo Tatemono; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Senshu Ikeda Bank to Wood Life Company; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Fujicitio; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to YODOGAWA TEKKO; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Yom; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Geiso Logistics; JCR Provided a Second Opinion to Positive Impact Finance Provided by 33 Bank to DAISEI CENTLEX; JCR Provided a Second Opinion to Positive Impact Finance Provided by THE HOKURIKU BANK to TOBA; JCR Provided a Second Opinion to Positive Impact Finance Provided by THE BANK OF FUKUOKA to Tobatakousan

May. 30, 2024: JCR Upgraded Long-term Issuer Rating on ACOM to AA-/Stable; JCR Downgraded Long-term Issuer Rating on Yamagata Bank to A/Stable; JCR Affirmed BBB+ Long-term Issuer Rating on TOMY; Revised Outlook to Positive; JCR Assigned Preliminary A- Rating to Subordinated Bonds of TOKAI CARBON; JCR Assigned A Rating to Bonds of OKAMURA; JCR Assigned AAA Rating to Bonds of NTT FINANCE; [ Asset Securitization Products ] JCR Assigned J-1 to Aso Shoji Bills Receivable ABL 24-05; [ Asset Securitization Products ] JCR Assigned J-1 to Medical Treatment Fees Receivable ABL 24-05 (D Hospital); JCR Assigned AA- to SPIRE SA Series 2024-142; JCR Provided Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to ECH

May. 29, 2024: ASAHI KASEI Decided to Acquire Swedish Pharmaceutical Company—No Immediate Impact on Rating; JCR Affirmed A/Stable Long-term Issuer Rating on KONICA MINOLTA; JCR Affirmed A-/Stable (FC) and A+/Stable (LC) on Mexico; JCR Affirmed A+/Stable Long-term Issuer Rating on Tokyo Tatemono Private REIT; JCR Affirmed AA-/Stable Long-term Issuer Rating on TOKYU REIT; JCR Assigned Preliminary A+ Rating to Shelf Registration of SUMITOMO CHEMICAL; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to FUKUTOKU-SANGYO; JCR Provided a Post-execution Verification Report to Sustainability Linked Loan executed by Diamond Electric Holdings

May. 28, 2024: ESR Group Limited is evaluating a proposal for privatization – JCR will monitor the buy-out scheme and its financial impacts; JCR Affirmed A Long-term Issuer Rating on OKAMURA; Revised Outlook to Positive; JCR's Rating Review of City Gas Companies; JCR Affirmed A/Stable Long-term Issuer Rating on KITZ; JCR Assigned AA- Rating to Bonds of Kyushu Electric Power; JCR Assigned Green 1(T) to the 10-year Japan Climate Transition Bonds (2nd); JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Marukyo Agriculture Network; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Chugoku Bank to Smart Resource

May. 27, 2024: JCR Provided a Second Opinion to Positive Impact Finance Provided by The Nanto Bank to Nihon Chuo Juhan; JCR Provided a Second Opinion to Positive Impact Finance Provided by The Shoko Chukin Bank to Kawamura Syouten