Announced details
The long-term issuer rating remains unchanged at BBB+. The outlook changed from Stable to Positive.
The credit rating agency from which the Company has obtained its rating
Credit rating agency. Location, representative, capital, year established and other details: Not disclosed
Long-term issuer rating (outlook change)
Japan Credit Rating Agency, Ltd. (JCR)
JCR explained that a trend toward higher profits is expected as a result of stable growth through the opening of new locations in the dormitory business and rising RevPAR in the hotel business, among other factors.
The company does not address Contract Value / Offering price.
Public disclosures by Japan Credit Rating Agency, Ltd. (JCR) and the JCR website
| Item | Details |
|---|---|
| Counterparty | Japan Credit Rating Agency, Ltd. (JCR) |
| Counterparty overview | Credit rating agency. Location, representative, capital, year established and other details: Not disclosed |
| Relationship with the Company | The credit rating agency from which the Company has obtained its rating |
| Award/certification name | Long-term issuer rating (outlook change) |
| Awarding / certifying body | Japan Credit Rating Agency, Ltd. (JCR) |
| Quantitative Effects | The long-term issuer rating remains unchanged at BBB+. The outlook changed from Stable to Positive. |
| Impact on Business Performance | JCR explained that a trend toward higher profits is expected as a result of stable growth through the opening of new locations in the dormitory business and rising RevPAR in the hotel business, among other factors. |
| Source | Public disclosures by Japan Credit Rating Agency, Ltd. (JCR) and the JCR website |
Items this document does not state (10)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.JCR cited stable growth through the opening of new locations in the dormitory business, a trend toward higher profits driven by rising RevPAR on the back of the competitiveness of the hotel business, and an increase in equity and improvement in the Company's financial structure through the conversion of convertible bonds into shares, among other factors.