Berkshire Hathaway Increases its Passive Stakes in Each of Five Leading Japanese Trading Companies
The companies, listed alphabetically, are Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. Presently these are the only publicly traded investments that Berkshire owns in
Excluding shares of treasury stock, Berkshire Hathaway’s ownership interest in each of the five companies now averages more than 8½%. This reporting of ownership interest is consistent with how Berkshire Hathaway reports its ownership interest in
Berkshire Hathaway’s intention continues to be to hold its Japanese investments for the long term. Depending on price, Berkshire Hathaway may increase its holdings up to a maximum of
Earlier this year Mr. Buffett and Gregory E. Abel, Berkshire’s Vice Chairman-Non Insurance operations traveled to
Mr. Buffett and Mr. Abel continue to be delighted with the investments and hope, eventually, to own
About Berkshire
Berkshire Hathaway and its subsidiaries engage in diverse business activities including insurance and reinsurance, utilities and energy, freight rail transportation, manufacturing, retailing and services. Common stock of the company is listed on the New York Stock Exchange, trading symbols BRK.A and BRK.B.
Cautionary Statement
Certain statements contained in this press release are “forward looking” statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are not guaranties of future performance and actual results may differ materially from those forecasted.
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Marc D.
402-346-1400
Source: Berkshire Hathaway Inc.