Announcement Concerning the Establishment of a Sponsored ADR Program
Daifuku Co., Ltd. (the “Company”) hereby announces that the Company has established a sponsored Level I American Depositary Receipt (ADR) program (“sponsored ADR program”) in the United States for which JPMorgan Chase Bank, N.A. acts as the depositary bank. This sponsored ADR program will not involve any capital procurement through a listing in the U.S. market or the issuance of new shares. Consequently, the total number of issued shares of the Company will not increase and there will be no dilution of the Company’s shares.
Purpose of establishing a sponsored ADR program
The purpose of establishing a sponsored ADR program is to further expand the Company's investor base and attract new investors by enhancing convenience for investors and broadening the choices of available investment instruments for investing in the Company’s shares in the U.S. capital markets. The Company also expects that the establishment of a sponsored ADR program will lead to greater recognition and market reputation of the Company in the United States.
Details of the sponsored ADR program
| Type of ADR program | Sponsored Level I ADR |
|---|---|
| Trading market | OTC (Over-the-Counter) |
| Effective trading date | August 17, 2026 (U.S. Eastern Time) |
| ADR ratio | 2 ADRs = 1 share of common stock |
| Ticker symbol | DFKUY |
| CUSIP number | 233802206 |
| Depositary bank | JPMorgan Chase Bank, N.A. |
| Local custodian | Mizuho Bank, Ltd. |
Reference
- About ADRs
- ADRs are receipts which are issued by a designated depositary bank in the United States and represent an ownership interest in the underlying securities of a non-U.S. company. ADRs are negotiable securities in the United States and can be traded, settled, and held in the same manner as other U.S. securities.
- About sponsored ADRs
- Sponsored ADRs are issued by a specified depositary bank under a depositary agreement that defines the rights and obligations of the issuer, the depositary bank, and ADR holders. Sponsored ADR programs are classified into three types: Level I, Level II, and Level III, depending on whether they are listed or involve a public offering (an initial or secondary public offering). The level of disclosure required by the Securities and Exchange Commission changes based on these types. Level I ADR programs are unlisted programs; Level II ADR programs are listed programs (e.g., on the New York Stock Exchange); and Level III ADR programs are listed programs involving capital procurement through a public offering in the form of an issuance of new shares.
- Transition from unsponsored ADRs to sponsored ADRs
- The Company’s ADRs have so far been traded in the U.S. securities markets as unsponsored ADRs without the involvement of the Company. All such unsponsored ADRs will be transitioned to sponsored ADRs to be established by the Company.
Disclaimer
This announcement shall not be deemed to constitute an offer to sell or a solicitation of an offer to buy any securities.