Credit ratings

The Company has the following credit ratings:

	Long-term	Short-term	Outlook
Fitch Ratings	BBB-	F3	Stable
Japan Credit Rating Agency	A+	-	Stable
Moody’s Investors Service	Baa3	-	Stable

Credit rating analyses

Fitch Ratings

Fitch Ratings (May 6, 2025) (pdf, 252.1 kt)
Fitch Ratings (May 17, 2024)
Fitch Ratings (May 19, 2023)
Fitch Ratings (March 18, 2022)
Fitch Ratings (April 16, 2021)
Fitch Ratings (April 20, 2020)
Fitch Ratings (November 27, 2019)
Fitch Ratings (September 28, 2018)
Fitch Ratings (May 24, 2017)
Fitch Ratings (May 18, 2016)
Fitch Ratings (May 21, 2015)
Fitch Ratings (May 23, 2014)
Fitch Ratings (August 6, 2013)
Fitch Ratings (June 14, 2012)
Fitch Ratings (June 21, 2011)
Fitch Ratings (June 7, 2010)
Fitch Ratings (June 5, 2009)

Japan Credit Rating Agency

Japan Credit Rating Agency (April 2, 2025) (pdf, 481.2 kt)
Japan Credit Rating Agency (March 28, 2023)
Japan Credit Rating Agency (March 30, 2020)
Japan Credit Rating Agency (February 6, 2018)
Japan Credit Rating Agency (December 9, 2016)
Japan Credit Rating Agency (February 17, 2016)
Japan Credit Rating Agency (January 21, 2015)
Japan Credit Rating Agency (March 28, 2014)
Japan Credit Rating Agency (February 18, 2013)
Japan Credit Rating Agency (December 27, 2011)
Japan Credit Rating Agency (February 4, 2011)
Japan Credit Rating Agency (January 7, 2010)
Japan Credit Rating Agency (January 21, 2009)

Moody's Investors Service

Moody's Investors Service (May 5, 2025) (pdf, 302.7 kt)
Moody's Investors Service (May 29, 2024)
Moody's Investors Service (May 4, 2023)

Standard & Poor's

Standard & Poor's (April 26, 2023)
Standard & Poor's (March 21, 2022)
Standard & Poor's (April 1, 2021)
Standard & Poor's (December 17, 2020)
Standard & Poor's (September 4, 2020)
Standard & Poor's (April 15, 2020)
Standard & Poor's (December 23, 2019)
Standard & Poor's (December 12, 2018)
Standard & Poor's (March 22, 2018)
Standard & Poor's (October 17, 2017)
Standard & Poor's (December 13, 2016)
Standard & Poor's (May 23, 2016)
Standard & Poor's (May 28, 2015)
Standard & Poor's (June 27, 2014)
Standard & Poor's (December 19, 2013)
Standard & Poor's (May 29, 2013)
Standard & Poor's (June 28, 2012)