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Shiseido Makes Some Trading Changes

The beauty company will trade on OTCQX.

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By: Jamie Matusow

Editor-in-Chief

Shiseido Company has chosen to have its American Depositary Receipts (ADRs) trade on OTCQX, the Open, Transparent and Connected financial marketplaces, operated by OTC Markets Group Inc.

R. Cromwell Coulson, President and CEO of OTC Markets Group, commented:

“We are pleased to welcome Shiseido, one of the world’s largest cosmetics and beauty companies and a respected Japanese brand, to the OTCQX marketplace. By joining OTCQX, Shiseido ensures its U.S. investors will have transparent trading and convenient access to its news and financial disclosure, making it easier for them to analyze, value and trade its securities. We look forward to working with Shiseido’s management team as they continue to grow their presence in the U.S. market.”

BNY Mellon serves as Shiseido’s Principal American Liaison (“PAL”) on OTCQX, responsible for providing professional guidance on OTCQX requirements.

Shiseido will trade in the U.S. on OTCQX under the symbol “SSDOY,” where each ADR represents one ordinary share.


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