TOKYO, March 17 (Reuters) - Warren Buffett's Berkshire
Hathaway ( BRK/A ) raised its holdings in five Japanese trading
houses, regulatory filings showed on Monday, in the U.S.
conglomerate's latest investments in Japan's top commodity firms
that began nearly five years ago.
Berkshire's stake in Mitsui & Co ( MITSF ) rose to 9.82% from
8.09%, while its holdings in Mitsubishi Corp ( MSBHF ), Sumitomo
Corp ( SSUMF ), Itochu ( ITOCF ) and Marubeni ( MARUF ) also rose
by some percentage points, according to documents filed to
Japan's securities watchdog by its unit, National Indemnity
Company.
The filings followed Buffett's annual letter to Berkshire
shareholders last month, where he said the five trading houses
agreed to "moderately relax" limits that capped Berkshire's
ownership stakes below 10%.
"Over time, you will likely see Berkshire's ownership of all
five increase somewhat," Buffett had written.
Known as "sogo shosha", the trading houses deal in a variety
of materials, products and food - often serving as
intermediaries - and provide logistical support. They are also
involved in the shipping, energy and metals businesses.
(Reporting by Tokyo Newsroom; Editing by Muralikumar
Anantharaman)