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Berkshire Hathway of Warren Buffett brought his participations in Mitsubishi Corp., Mitsui & Co., Ittocku, Marubeni and Sumtomo, all at 7.4%.
Bloomberg | Bloomberg | Getty images
The actions of the largest Japanese commercial houses recovered on Tuesday after Warren Buffet’s Berkshire Hathaway He raised his bets on them during the night.
The 94 -year -old investor company increased its participations in five Japanese commercial houses – Ittochu, Marubení, Mitsubishi, Mitsui and Summit – In more than 1 percentage point each, to bets ranging from 8.5% to 9.8%, according to a regulatory presentation.
Actions in the five companies increased at least 4% shortly after the open. Ittochu and Marubeni were the main engines, moving 4.12% and 4.55% respectively, at 10.05 am local time.
The five companies are the largest “Sago Shosha” or commercial houses, in Japan and invest in a wide range of sectors both nationally and abroad “, in a way similar to that of Berkshire himself,” Buffett said.
He previously indicated his intention to increase his property in Japanese shares, especially the five largest commercial houses, in his Annual letter to shareholders Released in February.
Berkshire had bought the five houses in the summer of 2019. His Japanese holdings amounted to $ 23.5 billion at the end of 2024, at an added cost of $ 13.8 billion.
– Yun Li and Hakyung Kim of CNBC contributed to this report.
