Warren Buffett’s Berkshire Hathaway is raising stakes in five Japanese trading firms

  • Berkshire Hathaway said on Monday its wholly-owned subsidiary National Compensation Corporation increased its stake in five Japanese trading companies by an average of more than 8.5%.
  • Companies involved include Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.
  • Berkshire Hathaway has said it wants to hold its Japanese investments for the long term, with CEO Warren Buffett promising the company will only buy up to 9.9% of the five companies.

The logo of American multinational investment company Berkshire Hathaway will be displayed on the smartphone screen.

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Berkshire Hathaway said on Monday its wholly-owned subsidiary National Compensation Corporation increased its stake in five Japanese trading companies by an average of more than 8.5%.

Companies involved include Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. The total value of these interests exceeds Berkshire’s holdings in any country outside the United States, the company said.

Berkshire Hathaway has said it wants to hold its Japanese investments for the long term, with CEO Warren Buffett promising the company will only buy up to 9.9% of the five companies.

Buffett visited Japan in April to raise his investment in various Japanese trading companies to 7.4% after Berkshire Hathaway identified five businesses as comparable companies to his Omaha-based group.

All five companies are the largest of Japan’s shoko-shōsha, or publicly traded companies, and focus on diversified long-term investments that prioritize value and liquidity. Traditionally, they have been a center for energy, minerals and food imports and exporters of finished goods to Japan.

Berkshire Hathaway has no other investments in Japan.

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