The goal of /r/Games is to provide a place for informative and interesting gaming content and discussions. If you're looking for 'lighter' gaming-related entertainment, try /r/gaming! Please look over our rules and FAQ before posting. The trading firms' regulatory filings of June 12 showed Berkshire holding 7.4% of Itochu's stock, 8.3% of Marubeni and Mitsubishi's stock, 8.1% of Mitsui's stock and 8.2% of Sumitomo's stock./r/Games is for informative and interesting gaming content and discussions. Nikkei futures slightly pared some losses after the Berkshire announcement. The stocks are all up more than 30% this year, with Marubeni shares up 62% and having more than tripled in price since the end of 2020.

Known as 'sogo shosha', Japanese trading houses deal in a variety of materials, products and food, often serving as intermediaries, and provide logistical support. the announcement has come somewhat sooner than expected and will further boost optimism on Japanese stocks.'īerkshire said the aggregate value of the investments is the largest of any Berkshire-held public stocks outside the U.S.

'While it was previously hinted that Berkshire will increase its stake. 'The tailwinds for Japanese equities continue to multiply,' said Charu Chanana, market strategist at broker Saxo Markets in Singapore. The market (.N225) ended 1% lower on Friday, and Berkshire's announcement came after Monday's close, but 10 weeks of consecutive gains have helped the Nikkei rise 28% this year. It first announced the buys in 2020, and the additional purchases are in line with its plans to hold the stakes long term and increase them to as much as 9.9%.īuffett's investments and his optimism about Japan's prospects have drawn attention to improving economic conditions and shareholder-friendly corporate governance reforms that have helped underpin a sparkling rally in the Nikkei share average. June 19 (Reuters) - Billionaire investor Warren Buffett's Berkshire Hathaway (BRKa.N) said on Monday it added to holdings in Japan's five biggest trading houses, likely underpinning strong momentum propelling the nation's stock market to multi-year highs.īerkshire said its stakes in Itochu (8001.T), Marubeni (8002.T), Mitsubishi Corp (8058.T), Mitsui & Co (8031.T) and Sumitomo (8053.T) now average more than 8.5%. Nikkei futures gain slightly after announcement.Move in line with previous pledges to own and increase stakes long-term.Berkshire owns more than 8.5% on average of top 5 Japan trading houses.

Japanese game company illusion