The Strategist

Buffett's company grows stakes in Japan's five largest trading houses



06/20/2023 - 10:59



A division of Warren Buffett’s Berkshire Hathaway company boosted its stakes in five Japanese trading firms.



sirenmedia via flickr
sirenmedia via flickr
According to a Berkshire statement cited by CNBC, National Indemnity Company, a division of billionaire Warren Buffett's Berkshire Hathaway, has raised its shares in five Japanese trading companies to an average of more than 8.5 percent. These investments currently have a combined worth greater than Berkshire's portfolio in any other non-American nation.

The list of Japanese companies includes Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo, the top five trading firms in Japan. These are universal trade companies whose operations span practically all areas of the economy, from the production of goods and the supply of raw materials to international energy projects to the importation of metals and food.

According to Berkshire Hathaway, it intends to keep its interests in Japan over the long term. CNBC notes that Buffett made it clear that his company only plans to raise its position in any of the five companies to 9.9 percent.

source: cnbc.com

 




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