<?xml version="1.0" encoding="utf-8"?>
<!-- Edited with FutureStage XBRL Solution Library .NET 01-11 -->
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    <link:label xml:lang="en" xlink:type="resource" xlink:label="jpcrp020400-srs_E37105-000_TotalNumberOfIssuedSharesClassCPreferredSharesKeyFinancialData_label" xlink:role="http://www.xbrl.org/2003/role/label">Total number of issued shares, Class C preferred shares</link:label>
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    <link:loc xlink:type="locator" xlink:href="jpcrp020400-srs-001_E37105-000_2020-12-31_02_2021-12-03.xsd#jpcrp020400-srs_E37105-000_NozawaToshimichiMember" xlink:label="jpcrp020400-srs_E37105-000_NozawaToshimichiMember" />
    <link:loc xlink:type="locator" xlink:href="jpcrp020400-srs-001_E37105-000_2020-12-31_02_2021-12-03.xsd#jpcrp020400-srs_E37105-000_RevenueAdvertisingNOI" xlink:label="jpcrp020400-srs_E37105-000_RevenueAdvertisingNOI" />
    <link:loc xlink:type="locator" xlink:href="jpcrp020400-srs-001_E37105-000_2020-12-31_02_2021-12-03.xsd#jpcrp020400-srs_E37105-000_SatoDaisukeMember" xlink:label="jpcrp020400-srs_E37105-000_SatoDaisukeMember" />
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