{"id":24617,"date":"2023-06-19T14:45:43","date_gmt":"2023-06-19T18:45:43","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/berkshire-boosts-stakes-in-5-japanese-trading-companies-to-8-5\/"},"modified":"2023-06-19T14:45:45","modified_gmt":"2023-06-19T18:45:45","slug":"berkshire-boosts-stakes-in-5-japanese-trading-companies-to-8-5","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=24617","title":{"rendered":"Berkshire Boosts Stakes in 5 Japanese trading companies to 8.5%"},"content":{"rendered":"<div id=\"js-article__body\" itemprop=\"articleBody\" data-sbid=\"WP-BAR-0000673539\">\n<div data-layout=\"wrap\n              \" data-layout-mobile=\"\" class=\"\n        media-object\n        type-InsetMediaIllustration\n          wrap\n  article__inset\n        article__inset--type-InsetMediaIllustration\n          article__inset--wrap\n    article__inset--lead\n  \"><\/p>\n<figure class=\"\n        media-object-image\n        enlarge-image\n        img-wrap\n        article__inset__image\n      \" itemscope=\"\" itemtype=\"http:\/\/schema.org\/ImageObject\"><\/p>\n<div style=\"padding-bottom:66.66666666666666%;\" data-subtype=\"photo\" class=\"image-container  responsive-media article__inset__image__image\"><\/div>\n<\/figure><\/div>\n<p>\n        Berkshire Hathaway<br \/>\n       has boosted its stakes in five Japanese trading companies to an average of 8.5% and Berkshire said it hopes to increase those interests to 9.9%.<\/p>\n<p>\n        Berkshire Hathaway<br \/>\n       (Ticker: BRK.B) now holds about $20 billion of the five companies, <em>Barron\u2019s<\/em> estimates, and those investments have been among the most successful ones for Berkshire CEO Warren Buffett in recent years.<\/p>\n<div class=\"paywall\">\n<p>Berkshire initially disclosed its ownership stakes in the five companies \u2013<br \/>\n        Itochu<br \/>\n       (ITOCY),<br \/>\n        Marubeni<br \/>\n       (MARUY),<br \/>\n        Mitsubishi<br \/>\n       (MSBHF),\u00a0<br \/>\n        Mitsui<br \/>\n       (MITSY) and<br \/>\n        Sumitomo<br \/>\n       (SSUMY) in late August 2020 and the five stocks have more than doubled on average.<\/p>\n<p>\u00a0The average gain is about 170%, we estimate, and Berkshire has effectively realized all of those increases because it hedged its currency exposure. When Berkshire initially disclosed the stakes, its interest in each of the five was about 5% and the total value was around $6 billion.<\/p>\n<p>The five stocks have been strong this year, rising along with the Japanese stock market, with the largest of the five, Mitsubishi, gaining about 50% so far in 2023 and having a market value of $70 billion.<\/p>\n<p>In a press release Monday, Berkshire said that Buffett \u201chas pledged that the company will make purchases only up to an ownership of 9.9% in any of the five investments. The company will make no purchases beyond that point unless given specific approval by the investee\u2019s board of directors.\u201d<\/p>\n<p>These are the only publicly traded investments that Berkshire owns in Japan, the company said. Their total value \u201cconsiderably exceeds that of Berkshire-held public stocks in any other country\u201d outside the U.S., the firm said.<\/p>\n<p>Berkshire added that Buffett and Greg Abel, a Berkshire vice chairman and head of the company\u2019s vast non-insurance operations, \u201ccontinue to be delighted with the investments and hope, eventually, to own 9.9% of each of the five companies.\u201d<\/p>\n<p>Buffett and Abel traveled to Japan in April and met with the heads of the five companies and said the stakes had risen to about 7.4%.<\/p>\n<p>Berkshire\u2019s Class-B shares are up 9.5% this year, trailing the<br \/>\n        S&amp;P 500<br \/>\n      \u2018s 14.9% gain.<\/p>\n<p>Write to Andrew Bary at andrew.bary@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.marketwatch.com\/articles\/berkshire-raises-its-stakes-in-5-japanese-trading-firms-to-8-5-188e0d15?mod=investing\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Berkshire Hathaway has boosted its stakes in five Japanese trading companies to an average of 8.5% and Berkshire said it hopes to increase those interests to 9.9%. Berkshire Hathaway (Ticker: BRK.B) now holds about $20 billion of the five companies, Barron\u2019s estimates, and those investments have been among the most successful ones for Berkshire CEO [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":24618,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-24617","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Berkshire Boosts Stakes in 5 Japanese trading companies to 8.5% | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Berkshire Hathaway has boosted its stakes in five Japanese trading companies to an average of 8.5% and Berkshire said it hopes to increase those 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