Tokyo Century Corporation (the "Company") announces that Japan Credit Rating Agency, Ltd. (JCR) revised the outlook of the long-term issuer ratings to Positive from Stable for the Company, its consolidated subsidiaries Nippon Car Solutions Co., Ltd. and FLCS Co., Ltd. Furthermore, IHI Finance Support Corporation, a consolidated subsidiary of the Company, received a new long-term issuer rating of A+ and a rating outlook of Positive as described below.
(JCR website: https://www.jcr.co.jp/en/)

1. Changes in rating outlook from Stable to Positive

(1) Tokyo Century Corporation

Subject of Rating Rating Outlook
Long-Term Issuer Rating AA- From Stable to Positive

(2) Nippon Car Solutions Co., Ltd.

Subject of Rating Rating Outlook
Long-Term Issuer Rating AA- From Stable to Positive

(3) FLCS Co., Ltd.

Subject of Rating Rating Outlook
Long-Term Issuer Rating AA- From Stable to Positive

2. Acquisition of new rating

IHI Finance Support Corporation

Subject of Rating Rating Outlook
Long-Term Issuer Rating A+ Positive

3. Credit rating agency
Japan Credit Rating Agency, Ltd. (JCR)

4. Announced date
June 20, 2022

(Reference) Tokyo Century's rating information: https://www.tokyocentury.co.jp/en/ir/br.html

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Tokyo Century Corporation published this content on 20 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 June 2022 00:23:01 UTC.