1. Rating target & rating

Rating target
Long-term bond
BBB+ (Affirmed)
Stable (Affirmed)

2. Rating firm

Japan Credit Rating Agency, Ltd. (JCR)

3. Rating acquisition date

July 2, 2014

4. Reason for rating acquisition

Acquiring evaluation from an objective third party increases the transparency of management and the financial strength which is the management foundation of the Company. It also enables diverse and stable procurement of funds, as well as procurement of funds which adapts to changes in the business environment.