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What is AMERICAN DEPOSITORY SHARE (ADS)? COMMON STOCK issued by a foreign company in the US marketplace. ADSs, denominated in US dollars, are registered with the SECURITIES AND EXCHANGE COMMISSION and are traded on an EXCHANGE or OVERTHECOUNTER. See also AMERICAN DEPOSITORY RECEIPT, GLOBALDEPOSITORY RECEIPT, GLOBAL DEPOSITORY SHARE.
According to The Bank of New York, depositary for Toyotaâs ADSs, as of March 31, 2008, 121,480,634 shares of Toyotaâs common stock were held in the form of ADRs and there were 2,443 ADR holders of record in the United States.