Warren Buffett’s Berkshire Hathaway has raised its shares in Mitsubishi Corporation, Mitsui & Company, Ituchu, Malbeni and Sumitomo.
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Shares of the largest Japanese traders gathered on Tuesday after regulatory filings showed that Warren Buffet’s Berkshire Hathaway had raised their interests.
The 94-year-old investor holding company has each raised five shares of Ituchu, Marbeni, Mitsubishi, Mitsui and China to more than 1 percent or more points, according to a regulatory filing released Monday.
Shares in all five companies rose at least 4% shortly after opening. Itochu and Marubeni were the top movers, moving forward by 4.12% and 4.55% respectively at 10:05am local time.
The five companies are Japan’s largest “Sogo Shosha” or traders, investing in a wide range of sectors both domestically and internationally in ways that are somewhat similar to Berkshire itself,” Buffett said.
He previously expressed his intention to increase ownership in his annual letter to shareholders released in February, including in the five largest traders of Japan.
Berkshire was bought into five homes in the summer of 2019. Its Japan’s holdings reached $23.5 billion at the end of 2024, with a total cost of $13.8 billion.
– CNBC’s Yun Li and Hakyung Kim contributed to this report.
Clarification: This article has been updated to clarify that information regarding the Berkshire Hathaway stock purchases was released on Monday.
