Warren Buffett’s Berkshire Hathway extended his stakes in Mitsubishi Corp, Mitsui & Company, Etochu, Marubeny and Sumitomo – all up to 7.4%.
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After Warren Buffet, rallies were held in shares of the largest Japanese trading houses on Tuesday Berkshire Hathaway Throughout the night, he took his bets.
94 -year -old investor’s holding company Raised its stake in five Japanese trading homes , Etochu, Marubeni, Mitsubishi, Mitsui And Sumitomo – According to a regulatory filing, from more than 1 percent point, for bets ranging from 8.5% to 9.8%.
All five companies rose at least 4% immediately after the shares opened. Etochu and Marubeni were the top movers, which led 4.12% and 4.55% respectively, at 10.05 pm local time.
Buffett stated that five companies are the largest “Sogo Shosha,” or trading houses in Japan, and invest in a wide range of both domestic and abroad, “to some extent, similar to Berkshire, Buffett said.
He first indicated his intentions to raise his ownership in Japanese shares – especially the five biggest trading houses – in them Annual letter to shareholders Was released in February.
Berkshire bought in five houses in summer of 2019. Its Japanese holdings were $ 23.5 billion at a total cost of $ 13.8 billion at the end of 2024.
– CNBC’s Yun Lee and Hawkung Kim contributed to this report.
