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Warren Buffett Plans to Increase Stakes in Japanese Trading Houses





Date Published:
Author: CML News

Lede

Warren Buffett has increased his stakes in five major Japanese trading houses and may increase them even further, contributing to a rise in their shares.

 

Summary

  • Berkshire Hathaway has raised its stakes in all five major Japanese trading houses to 7.4%.
  • Shares of Mitsubishi Corp. rose 2.08%, Mitsui & Co. gained 2.66%, Itochu Corp climbed 2.98%, Marubeni Corp. advanced 4.55%, and Sumitomo Corp. also rose 3.19%.
  • Late last year, Berkshire Hathaway increased its positions in the five leading trading houses in Japan by at least 1 percentage point to more than 6% each.
  • Buffett plans to meet with the companies later in the week to have a discussion around their businesses and emphasize their support.
  • Japan’s five largest trading companies import everything from energy and metals to food and textiles into resource-scarce Japan and provide services to manufacturers.
  • Berkshire Hathaway's latest bond issuance suggests that the conglomerate would increase its investments in Japan.

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