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24.40000 EUR
0.8
3.39%
Last update May 7, 7:31 PM CEST
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Day range
24.40000
25
Previous close
23.60000
Open
25
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Asics Corporation Unsponsored American Deposi...
24.40
0.80
3.39%

Overview

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Description

Asics Corporation Unsponsored American Depositary Receipt is a financial instrument representing ownership in Asics Corporation, a renowned Japanese manufacturer specializing in sportswear, footwear, and athletic equipment. The Unsponsored ADR enables investors outside Japan, particularly in the United States, to gain exposure to Asics shares without direct access to the Tokyo Stock Exchange. This certificate is issued by a US depositary bank and reflects the company’s shares, facilitating international liquidity and fractional share trading. The primary function of this Unsponsored ADR is to offer a convenient, dollar-denominated way for global investors to participate in Asics Corporation’s performance and growth, bypassing currency and market access barriers typical of foreign direct equity investment. Asics Corporation plays a major role within the consumer discretionary sector, supplying products to athletes and regular consumers worldwide, while advancing technological innovations in sporting goods. The ADR structure appeals to investors seeking global diversification, efficient access to overseas companies, and the ability to monitor investment in familiar reporting and trading environments. Its unsponsored nature means that Asics Corporation does not directly manage the ADR program, with depositary banks facilitating administrative and regulatory processes independently.

About

CEO
Mr. Yasuhito Hirota
Employees
9455
Address
Daiwa Kobe Building
2-4, Sannomiya 1-chome Chuo-ku
Kobe, 650-0021
Phone
81 50 1745 2248
Website
Instrument type
American depositary receipt
Sector
Consumer Cyclical
Industry
Footwear & Accessories
Country
Germany
MIC code
XDUS
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