The Berkshire of Warren Buffett Hathaway has increased its issues in Mitsubishi Corp., Mitsui & Co., Itochu, Marubeni and Sumitomo – all at 7.4%.
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The actions of the largest Japanese commercial houses gathered Tuesday after Berkshire of Warren Buffet, Hathaway, noted his issues overnight.
The 94 -year -old investor portfolio has increased its assets in five Japanese commercial houses – Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo – by more than 1 percentage point each, of participations ranging from 8.5% to 9.8%, according to a regulatory deposit.
The shares of the five companies increased at least 4% shortly after opening. Itochu and Marubeni were the best movers, increasing 4.12% and 4.55% respectively, at 10:05 a.m.
The five companies are the largest “Sogo Shosha”, or commercial houses in Japan and invest in a wide range of sectors at the national level and abroad “, in a way somewhat similar to Berkshire itself,” said Buffett.
He previously indicated his intention to increase his property in Japanese actions – in particular the five largest commercial houses – in his annual letter to shareholders published in February.
Berkshire had bought the five houses in the summer of 2019. His Japanese assets amounted to $ 23.5 billion at the end of 2024, at a total cost of $ 13.8 billion.
– Yun Li and Hakyung Kim of CNBC contributed to this report.
