Warren Buffett’s Berksshire Hathaway raised his roles in Mitsubishi Corp., Mitsui & Co., IToch, Marubeni and Sumitomo – up to 7.4%.
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Stocks of the largest Japanese trading houses gathered on Tuesday after Warren Buffet Berksshire Hathaway He increased his roles in them overnight.
94-year-old holding investor raised the share of five Japanese trading houses – Itoch,, Marubeni,, Mitsubishi,, Mitsui and Sumitomo – For more than 1 percentage point, up to 8.5% to 9.8%, according to the regulatory submission.
Stocks in all five companies increased at least 4% shortly after open. Itoch and Maruben were the main drivers, advanced 4.12%and 4.55%, respectively, as at 10.05 hours in local time.
The five companies are the largest “Sogo Shosha” or trading houses, in Japan and invest in a wide range of sectors both at the country and abroad “in a way that is something like Berksshire itself,” said Buffett.
Previously indicated his intention to increase his ownership in Japanese shares – especially the five largest trading houses – in his Annual letter to shareholders Posted in February.
Berksshire bought five houses in the summer of 2019. His Japanese share was $ 23.5 billion at the end of 2024, with a total cost of $ 13.8 billion.
– CNBC -ov Yun Li and Hakyung Kim contributed to this report.
