Warren Buffett 'Very Proud' Of Japanese Investments: 5 Tokyo-Listed Stocks Berkshire Has Stakes In

Author: Shanthi Rexaline | April 11, 2023 07:42am

Billionaire investor Warren Buffett has set his sights on the far east to put his money to work.

What Happened:  Buffett, who runs the investment holding company, Berkshire Hathaway (NYSE:BRK) (NYSE:BRK), is "very proud" of his investments in Japanese stocks, the billionaire told in an interview with Nikkei.

Berkshire in Aug. 2020 picked up more than 5% stake in each of Japan's five trading houses, namely Itochu Corp. (OTC:ITOCY), Mitsubishi Corp. (OTC:MSBHF), Mitsui & Co., Ltd (OTC:MITSY), Sumitomo Corp. (OTC:SSUMY) and Marubeni Corp. (OTC:MARUY), the report said.

He then went on to augment the stakes in Nov. 2022, it added.

The "Oracle of Omaha" reportedly said he would meet with these companies this week to have a discussion about their businesses and emphasize his support.

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Why It's Important: Buffett is a proponent of value investment – a strategy of picking up businesses at a discount to their intrinsic value. Berkshire's top holdings include Apple, Inc. (NASDAQ:AAPL) and Coca-Cola Company (NYSE:KO), among others. The company has recently been building a position in the upstream oil and gas company Occidental Petroleum Corp (NYSE:OXY).

Buffett's Berkshire has also invested in other Asian companies such as BYD Company Limited (OTC:BYDDY) (OTC:BYDDY).

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Posted In: AAPL BRK BRK-A BRK-B BYDDY ITOCY KO MARUY MITSY MSBHF OXY SSUMY