TOKYO — Japan’s trading houses stand at a critical juncture less than two years after receiving a personal visit and endorsement from billionaire investor Warren Buffett.
During a trip to Tokyo in April 2023, Buffett told Nikkei he is “very proud” of his investments in Itochu, Mitsubishi Corp., Mitsui & Co., Sumitomo and Marubeni. Berkshire Hathaway, for which Buffett serves as chairman and CEO, started investing in the five trading houses in 2019, disclosing a 5% ownership in each on Aug. 31, 2020.
