Berkshire, USA: Acquiring 5% of 5 Japanese trading companies: Market surprises
[Tokyo 31st Reuters]
Berkshire Hathaway, US:
Berkshire Hathaway (BRKa.N), led by well-known investor Warren Buffett,
On August 30, it announced that it has acquired more than 5% of each of the five major Japanese trading companies.
Mass Holding Report:
National Indemnity, a subsidiary of Berkshire, submitted a large-volume ownership report to the Kanto Finance Bureau of the Ministry of Finance on the 31st.
ITOCHU Corporation (8001.T): 5.02%,
Marubeni (8002.T): 5.06%,
Mitsubishi Corporation (8058.T): 5.04%,
Mitsui (8031.T): 5.03%,
Sumitomo Corporation (8053.T): 5.04%,
I got each one.
Berkshire Announcement:
It took about a year to acquire it.
Intended for long-term holding.
On top of that, he said that he could raise the holding ratio to a maximum of 9.9%.
90th birthday:
On August 30, Buffett celebrated his 90th birthday.
“I’m pleased to be a Berkshire Hathaway in Japan’s future,” he said.
The five major trading companies have many joint ventures all over the world, and it is likely that the number will increase further in the future.
Reuters
https://jp.reuters.com/article/berkshire-hathaway-japan-idJPKBN25R00R
Buffett: Investing in a Japanese trading company,
Possibility of attracting world attention to Japanese value stocks,
Japan is a wise choice for global value investors,
The valuation of Japanese stocks is lower than the historical average in overseas comparison.
At least looking at the expected price-earnings ratio.
Bloomberg data:
Traditional value stocks such as industrial stocks, financial stocks, and stock stocks account for about 37% of TOPIX. ――
The trading company shares purchased by Mr. Buffett in the trading on August 31 were extremely high.
TOPIX also rose, but the index has been down 6% year-to-date.
Lagging behind the 4% rise in the MSCI All Country World Index (ACWI).
Bloomberg
https://www.bloomberg.co.jp/news/articles/2020-08-31/QFWI6MDWLU6Q01
Regarding Marubeni, National Indemnity Company reports that the ownership ratio exceeds 5% [Mass ownership report]-Stock search
https://kabutan.jp/news/marketnews/?b=n202008310132