Berkshire Hathaway (BRK.A, BRK.B) plans to increase its Japanese investments, particularly in trading houses Itochu, Mitsui, Marubeni, Mitsubishi, and Sumitomo, Chief Executive Warren Buffett said in an annual letter published Saturday.
"Over time, you will likely see Berkshire's ownership of all five increase somewhat," Buffett said without disclosing further details on the planned increase.
According to the CEO, Berkshire's holdings in each of the five Japanese trading houses were initially set to be below 10% but the companies have agreed to "moderately relax the ceiling."
Buffett said the market value of Berkshire's holdings in the five companies totaled $23.5 billion at the end of 2024.