Kyocera terminates American depositary receipts program
TL;DR
Kyocera delisted its ADRs from the NYSE on June 26, 2018, moving them to the OTC market, which may reduce liquidity and accessibility for U.S. investors. ADR holders should contact Citibank for support, and the change could reflect strategic decisions by the company.
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Kyocera terminates American depositary receipts program
Kyocera Corporation Delists ADRs from NYSE, Shares Trade Over-the-Counter
Kyocera Corporation’s American Depositary Receipts (ADRs) were officially delisted from the New York Stock Exchange (NYSE) on June 26, 2018, and are now traded in the United States via the over-the-counter (OTC) market according to company information. This transition marks a significant shift in accessibility for U.S. investors, as OTC trading typically involves lower liquidity and wider bid-ask spreads compared to major exchanges.
Holders of Kyocera ADRs requiring administrative support—such as certificate transfers, dividend distributions, or proxy materials—should contact Citibank, N.A., the designated ADR depositary. Citibank provides dedicated services for ADR-related inquiries via its U.S. toll-free line (877-248-4237) or international number (+1-781-575-4555) as stated in company information.
Historically, Kyocera implemented a 2-for-1 stock split on October 1, 2013 (Japan time), which doubled the number of outstanding ADRs while halving their price. ADS holders received additional units on October 8, 2013 (New York time), and the company distributed IRS Form 8937 to shareholders to comply with tax reporting requirements. This structural adjustment remains a key reference point for long-term ADR holders.
The delisting from the NYSE and subsequent OTC status may reflect strategic or operational decisions by Kyocera, though specific motivations have not been detailed in publicly available materials. Investors are advised to consider the implications of reduced market visibility and trading efficiency when evaluating ADR holdings. For ongoing ADR program details, Citibank’s resources remain the primary official channel.
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