Business
Warren Buffett’s Japanese Bets Keep Paying Off
Berkshire holds stakes in Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo.
The firms operate in a wide range of businesses, in areas such as chemicals, agricultural commodities, mining and consumer products.
Itochu stock was roughly flat Monday, but the others added between 3% and 5.3%—with each of the four notching new record closing highs, according to Dow Jones Market Data.
Berkshire first revealed it had taken positions in the quintet in August 2020, though stake building started about a year earlier. It has subsequently increased those holdings.
Since Berkshire first disclosed that it was investing in the trading firms, their shares have gained between 280% and 832%.