KEY POINTS
  • Warren Buffett's Berkshire Hathaway has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies.
  • Berkshire acquired the holdings in Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp. over a roughly 12-month period through regular purchases on the Tokyo Stock Exchange.
  • Based on Friday's closing prices for the trading houses, a 5% stake in each would be valued at roughly $6.25 billion.
  • Berkshire says it intends to hold the investments for the long term, and that it may increase its holdings in any of the companies up to a maximum of 9.9%, depending on price.

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They say 90 is the new 70, and in Warren Buffett's case, it may be true.

The chairman and CEO of Berkshire Hathaway announced Sunday — his 90th birthday — that his company has acquired a slightly more than 5% stake in each of the five leading Japanese trading companies. The companies are Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co., and Sumitomo Corp.

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