Buffett’s Berkshire boosts stakes in Japan’s five biggest trading houses
2022.11.20 20:37
© Reuters. FILE PHOTO: Berkshire Hathaway CEO Warren Buffett, arrives to attend the annual Allen and Co. Sun Valley Media Conference in Sun Valley, Idaho, U.S., July 5, 2022. REUTERS/Brendan McDermid
TOKYO (Reuters) – Berkshire Hathaway (NYSE:) Inc, run by billionaire Warren Buffett, has raised its stakes in each of Japan’s five biggest trading houses by more than 1 percentage point to over 6%, according to its regulatory filings.
Berkshire’s stakes have increased to 6.59% from 5.04% in Mitsubishi Corp, to 6.62% from 5.03% in Mitsui & Co Ltd, to 6.21% from 5.02% in Itochu Corp, to 6.75% from 5.06% in Marubeni Corp and to 6.57% from 5.04% in Sumitomo Corp.
Berkshire said in 2020 that its investments in the Japanese trading houses are for the long term and the stakes could rise to 9.9%.
