Preliminary rating as of Nov. 17, 2025* Preliminary rating Preliminary amount (bil. ¥) Coupon type Legal final maturity date Overcollateralization ratio (%) § A+ (sf) 20.0 Fixed rate Dec. 10, 2060 0.0 Note: This presale report is based on information as of Nov. 19, 2025. The ratings shown are preliminary. Subsequent information may result in the assignment of final ratings that differ from the preliminary ratings. Accordingly, the preliminary ratings should not be construed as evidence of final ratings. This report does not constitute a recommendation to buy, hold, or sell securities. *We announced the assignment of our preliminary rating to JHF's Green series 1 notes on Nov. 17, 2025. This report reflects updated information regarding the receivables pool and