financetom
Business
financetom
/
Business
/
Berkshire raises stakes in five Japanese trading houses to near 10%
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Berkshire raises stakes in five Japanese trading houses to near 10%
Mar 17, 2025 12:30 AM

TOKYO (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)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Mondee Extends Loan, Preferred Equity After Getting $15 Million Letter of Credit; Shares Rise After Hours
Mondee Extends Loan, Preferred Equity After Getting $15 Million Letter of Credit; Shares Rise After Hours
Sep 20, 2024
05:13 PM EDT, 09/17/2024 (MT Newswires) -- Mondee Holdings ( MOND ) said late Tuesday it got a $15 million letter of credit from Morgan Stanley ( MS ) , which was a condition to extensions to its term loan and preferred equity. The loan's maturity date has been extended to June 30, 2028, and the put option date for...
Saudi Aramco wants to be a major LNG gas player, gas chief says
Saudi Aramco wants to be a major LNG gas player, gas chief says
Sep 20, 2024
HOUSTON, Sept 17 (Reuters) - The world's largest oil producer, Saudi Aramco, wants to become a major liquefied natural gas player, the head of its natural gas business said on Tuesday. Saudi Aramco has taken the first steps to reach a goal of becoming a major LNG player, said Abdulkarim Al-Ghamdi, an Aramco executive vice president, at the GasTech energy...
Former Honeywell CEO Completes Purchase of 60% Stake in CompoSecure
Former Honeywell CEO Completes Purchase of 60% Stake in CompoSecure
Sep 20, 2024
05:10 PM EDT, 09/17/2024 (MT Newswires) -- CompoSecure ( CMPO ) late Tuesday said that Resolute Holdings has closed on its strategic transaction between the metal payments card company and the investment vehicle for former Honeywell (HON) chief executive David Cote, who becomes executive board chairman while holding a 60% stake in the company. The company and the Cote family...
Market Chatter: Diamondback Weighs Natural Gas for Power Generation in Drilling, Fracking
Market Chatter: Diamondback Weighs Natural Gas for Power Generation in Drilling, Fracking
Sep 20, 2024
05:07 PM EDT, 09/17/2024 (MT Newswires) -- Diamondback Energy ( FANG ) is mulling using some of the natural gas it produces to generate electricity for its drilling and fracking operations, Bloomberg reported Tuesday. Producers in the Permian Basin are increasingly moving operations from diesel generators to electricity from the local grid, the report said, adding that the Texas grid...
Copyright 2023-2026 - www.financetom.com All Rights Reserved