On December 16, 2022 Eisai Co., Ltd. (Headquarters: Tokyo, CEO: Haruo Naito, "the Company") reported that it has decided to terminate its sponsored ADR (American Depositary Receipt) program on January 31, 2023 (Press release, Eisai, DEC 15, 2022, View Source [SID1234625301]).
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The Company established its sponsored ADR program in 1995 to improve the convenience for investors in the United States. However, as it became easier for foreign investors to have access to the Japanese stock market directly, with the increasing internationalization of the Japanese financial and securities markets, the Company has decided to terminate the program.