最新ニュース Sumitomo (OTC:SSUMY) 株価情報

Sumitomo

Sumitomo Corp is a Japanese conglomerate that operates various business units: metal products; transportation and construction systems; environment and infrastructure; media, ICT, and lifestyle-related goods and services; and mineral resources, energy, chemical, and electronics. The businesses develop, manufacture, distribute, and service steel sheets, steel tubular products, nonferrous metal products, ship and aerospace equipment, railway cars, automobiles, construction equipment, lifestyle and food retail goods, materials and supplies, mineral resources, energy, electronics, and life sciences. The group also offers services in infrastructure projects, real estate construction, and general construction and development projects.

Warren Buffett On French Gates

Asia

Equities

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Markets

ITOCY

MARUY

MITSY

MSBHF

SSUMY

火曜日の東京株式市場では米大手投資会社バークシャー・ハサウェイ(NYSE:BRK)の買い増しが好感され、日本の五大総合商社の株価が急騰した。

東京市場のバークシャーの買い増しで、ウォーレン・バフェットが支持する日本株が急上昇

Global

MITSF

MMTOF

日本のTOPIX指数と国債先物については、午前9時26分13秒まで（米国東部時間夜8時26分）取引が停止する『サーキットブレーカー』が作動した。TOPIX指数は6%を超える下落を続けており、市場を安定させるための緊急の対策が打たれた。

世界金融市場は売り一択か？　日経平均株価は5%の歴史的暴落

Sumitomo Corp

At what will be his <a href="https://www.benzinga.com/25/05/45187070/warren-buffett-retires-after-decades-of-dominancefrom-tim-cook-to-mark-cuban-worlds-top-business-leaders-react-to-the-investment-icons-exit">last annual meeting as CEO</a> of Berkshire Hathaway, Warren Buffett shared a story that succinctly demonstrated his unique ability to spot value in unexpected places, like a small Japanese handbook he could barely read.
What Happened: Buffett's famous journey with the <a href="https://www.benzinga.com/markets/bonds/25/05/45635713/warren-buffetts-cheap-debt-bet-on-these-japanese-stocks-is-minting-infinite-returns-fund-manager-calls-it-a-no-brainer">five Japanese trading houses</a> — Itochu, Marubeni, Mitsubishi Corp., Mitsui &amp; Co.and Sumitomo Corp. started not with a team of analysts or a visit to the country, but with a handbook detailing thousands of Japanese companies, <a href="https://www.cnbc.com/2025/05/26/what-you-may-have-missed-in-berkshires-last-annual-meeting-under-buffett.html">according </a>to CNBC. 
"I was just going through a little handbook that probably had 2,000 or 3,000 Japanese companies in it," he recalled. In it, he discovered a group of companies that caught his attention. "One problem I have is that I can't read that handbook anymore. The print's too small. And there were these five trading companies. They have a special name for them in Japan, but they were selling at ridiculously low prices. So I spent about a year acquiring them." 
Berkshire Hathaway now holds around 10% of each firm.
See Also: <a href="https://www.benzinga.com/general/education/25/05/45607543/warren-buffett-you-can-make-a-fortune-but-your-life-is-a-disaster-if-you-overlook-this-one-thing">Warren Buffett: You Can Make A Fortune, But &#8216;Your Life Is A Disaster&#8217; If You Overlook This One Thing</a>
Why It Matters: This handbook is the go-to source for Japan's everyday retail investors. Bloomberg <a href="https://www.bloomberg.com/opinion/articles/2025-05-12/buffett-s-little-japan-handbook-and-other-investing-lessons">reports</a> that it is known as the Kaisha Shikiho, a quarterly guide regarded locally as the "bible of Japanese equities." For about ¥2,800 (approximately $20), investors get a comprehensive, encyclopedia-style volume full of data on almost 4,000 publicly traded companies across Japan.
The English edition of the Handbook has even appeared on Buffett's desk more than ten years ago. But surprisingly, the publisher discontinued the English version last year.
Highlighting the value of the handbook, Buffett said: "If you get real opportunities every five or six years&#8230;, <a href="https://www.benzinga.com/general/education/25/05/45602754/warren-buffett-investment-success-3-simple-rules-to-copy-oracle-of-omaha">you have to be patient</a>." "Every now and then you get extraordinary opportunities, and most of the time you don't have much of an edge," he added.
Read Next: <a href="https://www.benzinga.com/tech/25/05/45661246/warren-buffett-loves-sees-candies-but-even-he-cant-get-the-brand-to-succeed-nationwide-heres-why">Warren Buffett Has Discovered There&#8217;s No Accounting For Tastes Through Berkshire&#8217;s Candy Company: &#8216;There Are All Kinds Of Crazy Things In The World That Consumers Do&#8217;</a>
Photo Courtesy: Photo Agency On Shutterstock

General

MTSUY

Warren Buffett Found Billions In A Tiny Japanese Guidebook He Could Barely Read — No Analysts, No Travel, Just Pure Instinct

Warren Buffett in 2020 got Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) to borrow yen at roughly 0.5 percent, bought five Japanese blue-chip trading houses paying total shareholder yields of 7-8 percent, and turned it into what investment fund manager Mohnish Pabrai describes as a &#8216;no-brainer&#8217; with &#8216;infinite return.&#8217;
What Happened: Warren Buffett marked his 90th birthday by quietly amassing just over 5 percent of each of Japan's five largest trading companies — Itochu (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Marubeni (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>), Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MTSUY#OTC">MTSUY</a>), Mitsui &amp; Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>) and Sumitomo Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) — a position worth about $6 billion when revealed on Aug. 31 2020.
A year earlier, Berkshire tapped Tokyo's bond market for 430 billion yen ($4 billion) at coupons ranging from 0.17 percent to 1.1 percent, locking in funding costs that averaged roughly 0.5 percent.
As explained by Pabrai in a recent <a href="https://www.youtube.com/watch?v=3xbhKOzNBW8">podcast</a>, at purchase, the five firms offered blended dividend yields near 5 percent and were buying back stock aggressively, pushing total shareholder yield toward 8 percent. On $6 billion of stock, that meant about $480 million a year in cash returns, versus approximately $30 million of interest expense on the yen loans. The spread delivered roughly $450 million of "carry" with almost no equity at risk.
See also: <a href="https://www.benzinga.com/news/25/05/45619523/neil-degrasse-tyson-says-cutting-science-and-education-funding-is-so-severe-if-a-foreign-power-did-it-wed-call-it-an-act-of-war">Neil deGrasse Tyson Says Cutting Science And Education Funding Is So Severe, If A Foreign Power Did It, We&#8217;d Call It &#8216;An Act Of War&#8217;</a>
Marubeni's New-York-listed ADR, for instance, closed 2020 at $66.81 and is currently at $195 according to Benzinga Pro data — well over a 190 percent gain. Similar moves across the other four houses doubled Berkshire's original stake to roughly $12 billion by late 2024, <a href="https://www.barrons.com/articles/berkshire-hathaway-warren-buffett-yen-carry-trade-93aa8239">according</a> to Barron's analysis.
Because virtually the entire position was funded with debt, Buffett's return on the sliver of equity he did commit is mathematically &#8220;infinite&#8221; — he recouped his capital via dividends long before the share-price moonshot.
Buffett told Nikkei TV last year he was "<a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in">very proud</a>" of the group's disciplined capital-return policies. <a href="https://www.benzinga.com/content/44493307/warren-buffett-thinks-this-country-could-be-the-next-big-bet">Trading houses trade</a> at single-digit price-earnings multiples against steady commodity-linked cash flows, a contrast to America's stretched valuations.
Photo Courtesy: Photo Agency On Shutterstock.com
Read next: <a href="https://www.benzinga.com/25/05/45616425/ray-dalio-slams-trumps-aggressive-leadership-style-likens-it-to-1930s-far-right-regimes-is-donald-trump-a-demagogue">Ray Dalio Slams Trump&#8217;s Leadership Style In New Book, Likens It To 1930s Far-Right Regimes: &#8216;&#8230;He Is Even More Aggressive Than They Were&#8217;</a>

Bonds

Warren Buffett's Cheap Debt Bet On These Japanese Stocks Is Minting 'Infinite Returns', Fund Manager Calls It A 'No-Brainer'

It took more than thirty years, but Japan may finally be on the cusp of a new economic era. After decades of deflation, stagnation, and demographic headwinds, the world&#8217;s third-largest economy is showing real signs of life.
If you&#8217;re still anchored to the &#8220;Lost Decade&#8221; narrative, it&#8217;s time to adjust your compass.
Start with the big picture: inflation in Japan is finally here, and that is a good thing. After years of trying to nudge price levels higher, the Bank of Japan has achieved something that once seemed impossible, a headline inflation rate over 3% and core-core inflation (which strips out food and energy) around 2.8%.
This is not runaway inflation. This is normalization. It is the end of a deflationary mindset that has kept consumers cautious and wages stagnant. Speaking of which, wages are now rising too, thanks to tight labor markets and a shrinking workforce that has finally given employees some bargaining power. Real wage growth is still lagging a bit, but the trajectory is right.
On the monetary policy front, the Bank of Japan made headlines in March 2024 by finally ending its negative interest rate policy. That marked the first rate hike in 17 years and the symbolic end of an era of extraordinary easing. It also marked Japan&#8217;s return to monetary policy normalcy. Gone is the yield curve control regime. In its place is a traditional rate targeting system like those used in the U.S. and Europe. Japan is no longer the outlier. It is rejoining the global financial mainstream.
Even the once anemic GDP growth rate is improving. In 2023, real GDP expanded by 1.9%, with Q4 2024 showing 1.1% year-over-year growth. That may not sound spectacular, but given Japan&#8217;s aging population and past headwinds, it&#8217;s more than respectable.
The trade deficit has also narrowed sharply, with record exports (particularly in autos) and a booming services surplus. Meanwhile, foreign investment income continues to pile up, pushing the current account solidly into surplus territory.
Then there&#8217;s the stock market. Japan&#8217;s equity market has finally caught fire. After languishing for over three decades below its 1989 high, the Nikkei 225 finally eclipsed that peak in 2024, closing in on 42,000 and leading the world in equity performance.
That move wasn&#8217;t driven by speculative mania, but by real earnings growth, aggressive share buybacks, and long-overdue reforms in corporate governance. The Tokyo Stock Exchange has pushed companies to raise ROE and address chronically low price-to-book ratios. Firms are responding. Cross-shareholdings are down, boards are becoming more independent, and management teams are starting to think more like owners.
Foreign investors are noticing too. Warren Buffett made headlines by boosting his stakes in Japan&#8217;s trading houses. Institutions across the globe are following suit, shifting exposure out of China and into Japan. The yen, once battered by interest rate differentials, is now finding its footing as the BoJ lifts off zero.
In KKR&#8217;s 2025 Outlook, they specifically highlight Japan as a key opportunity area: &#8220;We see opportunities in inter-company holdings. There is an accelerating unwind of Japanese strategic holdings within the corporate sector, encouraging a wave of stock buybacks. Additionally, we advocate for more active capital management, including backing companies transitioning from capital-heavy to capital-light models through Private Equity.&#8221;
A stable to strengthening yen, combined with structural reforms and a new era of pricing power, makes for a very interesting setup.
Look, Japan still has challenges. The population is shrinking, productivity growth could be stronger, and public debt remains sky-high. But for once, those aren&#8217;t the only parts of the story. Japan has exited the deflation trap. The stock market is not only alive but leading the pack. Policy is normalizing. Corporate governance is improving. Wages are moving. Investors are finally being rewarded.
Bottom line: Japan isn&#8217;t the basket case it used to be. It&#8217;s becoming a compelling story again—one that belongs in any serious global investor&#8217;s playbook. If you&#8217;re looking for value, reform, and upside, it might be time to look East. Japan is back in the game.
Okay. Melvin, we get it.
Can we move on now?
No.
No, we cannot.
There is every reason to believe that after 15 years of US markets flying high and long periods of Japan underperforming, we may see a reversal of fortune.
It is time to look outside the United States for high return opportunities.
Let&#8217;s start with the five trading companies Buffett has been buying and suggested last week that Berkshire will own for at least 50 years.
They are ITOCHU (Ticker: ITOCY), Marubeni (Ticker: MARUY), Mitsubishi (Ticker: MSBHF), Mitsui (Ticker: MTSFY), and Sumitomo (Ticker: SSUMY).
These companies are in a wide range of businesses including finance, energy, metals, machinery, chemicals, food, and textiles.
They are cheap based on both earnings and assets and have attractive dividend yields.
The other stock that seems like a layup from here is Kansai Electric (KAEPY). Kansai is the second largest industrial region of Japan and contains the metropolitan region of Osaka, Kobe, and Kyoto, which is the second largest in Japan.
Looking beyond the headlines, Kansai Electric Power stands as a textbook example of how traditional utilities can transform themselves into multi-dimensional businesses that weather economic cycles better than their one-trick-pony counterparts.
As Japan&#8217;s second-largest electric utility serving the industrial heartland of Osaka, Kyoto, and Kobe, Kansai Electric has been quietly building a business model that extends far beyond simply keeping the lights on. While Wall Street and financial media remain fixated on flashier tech names, real value investors understand that essential services with diversified revenue streams often deliver steadier returns.
Kansai operates through four distinct segments &#8211; energy, power transmission, IT/telecommunications, and lifestyle solutions &#8211; creating multiple paths to profitability regardless of economic conditions.
Their telecom operations under the &#8220;eo Hikari&#8221; brand and &#8220;mineo&#8221; mobile business represent the kind of steady cash flow businesses value investors prize.
What particularly catches my attention is their international expansion strategy. Unlike companies rushing into fashionable markets, Kansai made calculated moves, starting with hydro projects in the Philippines and recently taking a significant 49% stake in a German offshore wind project. This methodical approach to capital allocation, putting money to work in undervalued assets with predictable returns, is reminiscent of Buffett and Munger in their heyday.
On the energy technology front, they&#8217;re investing $7 billion to expand renewable capacity. Their research focuses on practical technologies like carbon capture, small modular reactors, and grid optimization. They are not chasing headline-grabbing moonshots that rarely deliver returns.
Perhaps most interesting is their hydrogen and ammonia strategy, targeting 30% of Japan&#8217;s hydrogen supply chain by 2050. While everyone else is busy chasing the latest AI startup, Kansai is quietly positioning itself in infrastructure that will be essential regardless of which way the technological winds blow.
Compared to US utility companies, shares of Kansai Electric are cheap. The stock is currently trading at 64% of tangible book value and less than 5 times free cash flow.
The yield is currently about 3%.
We are not done with Japan yet. There are still plenty of smaller cap companies that are worth exploring as we look for alternatives to the potential lost decade here in the US.

Opinion

MTSFY

Under the Radar: From Deflation to Dividend Machines — Japan's Market Turns a Corner

Sumitomo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) reported quarterly earnings of $0.79 per share. This is a 22.55 percent decrease over earnings of $1.02 per share from the same period last year. The company reported $12.93 billion in sales this quarter. This is a 3.96 percent increase over sales of $12.44 billion the same period last year.

Earnings

Sumitomo Q4 GAAP EPS $0.79 Down From $1.02 YoY, Sales $12.93B Up From $12.44B YoY

Shares of Japan&#8217;s five major trading houses soared on Tuesday on the Tokyo exchange after Warren Buffett&#8216;s Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://in.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">increased its stakes in the companies</a>.
What Happened: National Indemnity, a wholly owned unit of Berkshire Hathaway, disclosed in filings with Japan&#8217;s securities regulator that it had raised its stake in Mitsubishi from 8.31% to 9.67% and in Mitsui from 8.09% to 9.82%. Berkshire also increased holdings in Itochu, Marubeni, and Sumitomo by approximately one percentage point each.
Japan&#8217;s Trading Firms Surge as Berkshire Hathaway Increases Stakes: 
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company (Ticker)</th>
<th>% Change</th>
<th>Price (JPY)</th>
<th>Price (USD)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Mitsui &amp; Co Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>)</td>
<td>+4.64%</td>
<td>2,934 JPY</td>
<td>$19.61</td>
</tr>
<tr>
<td>Marubeni Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>)</td>
<td>+4.26%</td>
<td>2,543 JPY</td>
<td>$17.00</td>
</tr>
<tr>
<td>Mitsubishi Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</td>
<td>+4.08%</td>
<td>2,754 JPY</td>
<td>$18.41</td>
</tr>
<tr>
<td>Itochu Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>)</td>
<td>+3.87%</td>
<td>7,216 JPY</td>
<td>$48.23</td>
</tr>
<tr>
<td>Sumitomo Corp (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)</td>
<td>+3.68%</td>
<td>3,637 JPY</td>
<td>$24.31</td>
</tr>
</tbody>
</table>
</figure>
The increased investments follow Berkshire&#8217;s recent negotiations to &#8220;moderately relax&#8221; the previously agreed 10% investment cap, though none of the holdings has <a href="https://in.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">exceeded this threshold</a>.
See Also: <a href="https://www.benzinga.com/markets/equities/25/03/44369228/byd-unveils-5-minute-ev-charging-breakthrough-strengthening-edge-over-tesla-stock-spikes-4">BYD Unveils 5-Minute EV Charging Breakthrough, Strengthening Edge Over Tesla— Stock Spikes 4%</a>
Why It Matters: These trading firms are vital to Japan&#8217;s economy, importing essential raw materials including oil, gas, and metals while supporting the country&#8217;s machinery export, automobile, and electronics sectors.
Buffett, often called the &#8220;Oracle of Omaha,&#8221; first disclosed investments in these trading houses in 2020. In his annual shareholder letter last month, he highlighted his increasing appreciation for the companies. By the end of 2024, the market value of Berkshire&#8217;s Japan holdings had risen to $23.5 billion.
While expanding its Japanese investments, Berkshire has accumulated a record cash reserve of $334.2 billion after <a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence">selling off equities more broadly</a>.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44368525/joe-rogan-once-talked-about-the-two-billionaires-he-really-loves-he-called-elon-musk-a-nomad-and-jeff-bezos-a-yacht-king-what-these-two-tech-titans-own-reveals-a-very-inte">Joe Rogan Once Talked About The Two Billionaires He &#8216;Really&#8217; Loves, He Called Elon Musk A Nomad And Jeff Bezos A Yacht King — What These Two Tech Titans Own Reveals A Very Interesting Story</a></li>
</ul>
Image Via Shutterstock
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Warren Buffett-Backed Japanese Trading Stocks Surge As Tokyo Market Digest Berkshire's Increased Stake

Sumitomo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) reported quarterly earnings of $0.88 per share. This is a 33.33 percent increase over earnings of $0.66 per share from the same period last year. The company reported $11.83 billion in sales this quarter. This is a 1.55 percent increase over sales of $11.65 billion the same period last year.

Sumitomo Q3 GAAP EPS $0.88 Up From $0.66 YoY, Sales $11.83B Up From $11.65B YoY

Sumitomo Q3 Sales $11.84B Up From $11.65B YoY; Profit Attributable Stockholders $1.067B

Seven &amp; i Holdings Co. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SVNDY#OTC">SVNDY</a>), the Japanese conglomerate that owns the global convenience store chain 7-Eleven, has become the focus of significant international investment interest. 
What Happened: U.S.-based firms Bain Capital, KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), and Fortress Investment Group have reportedly submitted bids for Seven &amp; i&#8217;s supermarket and restaurant business holding company, according to sources cited <a href="https://asia.nikkei.com/Business/Business-deals/Bain-KKR-bid-to-acquire-Seven-i-s-supermarket-business">by</a> Nikkei. 
York Holdings, Japanese trading giant Sumitomo Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) has also joined the bidding, reflecting strong domestic competition.
York Holdings, established by Seven &amp; i in October as part of a broader corporate restructuring, is designed to streamline the company's operations. The initial round of bidding concluded Thursday, with shortlisted contenders expected to begin detailed asset evaluations in early 2025.
According to a recent NHK <a href="https://www3.nhk.or.jp/news/html/20241119/k10014643321000.html">report</a>, the founding Ito family of Seven &amp; i Holdings, the parent company of 7-Eleven, is actively pursuing plans to take the company private through a management buyout, aiming to prevent a potential takeover by a Canadian rival and consolidate control over the business within the family.
See Also: <a href="https://www.benzinga.com/24/11/42237449/mexican-president-sheinbaum-pushes-back-against-trumps-border-closure-claim-clarifies-migration-stance">Mexican President Sheinbaum Pushes Back Against Trump&#8217;s Border Closure Claim, Clarifies Migration Stance</a>
Why It Matters: The renewed investor interest follows Seven &amp; i&#8217;s rejection of a $38.5 billion acquisition offer from Alimentation Couche-Tard Inc. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ANCTF#OTC">ANCTF</a>), the Canadian parent company of Circle K. 
Couche-Tard aimed to create the world's largest convenience store operator through the merger but faced antitrust concerns in the U.S. Despite proposing divestitures to address regulatory issues, the bid was deemed not in the best <a href="https://www.benzinga.com/markets/equities/24/09/40765790/circle-k-owner-couche-tard-pursues-talks-with-7-11-operator-seven-i-after-38-5b-bid-rejected">interests of Seven &amp; i's shareholders</a>.
Analysts, including JapanConsuming co-founder Michael Causton, have highlighted that Seven &amp; i remains undervalued due to its complex structure and corporate culture. 
Couche-Tard's strategic timing, paired with its reputation for deal-making, signals its recognition of the company&#8217;s long-term potential. However, acquiring Seven &amp; i at a lower valuation remains challenging as investor awareness of <a href="https://www.benzinga.com/markets/equities/24/09/40765790/circle-k-owner-couche-tard-pursues-talks-with-7-11-operator-seven-i-after-38-5b-bid-rejected">its intrinsic value grows</a>.
Price Action: Shares of Seven &amp; i rose 2.5% in Tokyo trading, on Friday following these developments, reflecting optimism about the company's strategic moves, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>. 
Read Next: 
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<li><a href="https://www.benzinga.com/general/education/24/11/42232990/so-you-told-your-family-to-invest-in-bitcoin-dogecoin-ethereum-at-thanksgiving-last-year-heres-how-much-they-now-have-and-why-you-might-be-invited-back-to-the-adult-table-2">So You Told Your Family To Invest In Bitcoin, Dogecoin, Ethereum At Thanksgiving Last Year? Here&#8217;s How Much They Now Have (And Why You Might Be Invited Back To The Adult Table)</a></li>
</ul>
Image via Unsplash
Disclaimer:&nbsp;This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

ANCTF

SVNDY

Japanese 7-Eleven Owner Triggers International Investor Frenzy, Attracts Bain Capital And KKR Bids

Sumitomo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) reported quarterly earnings of $0.71 per share. This is a 19.32 percent decrease over earnings of $0.88 per share from the same period last year. The company reported $11.73 billion in sales this quarter. This is a 1.38 percent increase over sales of $11.57 billion the same period last year.

Sumitomo Q2 EPS $0.71 Down From $0.88 YoY, Sales $11.73B Up From $11.57B YoY

Shares of IAMGOLD Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/iag#NYSE">IAG</a>) scaled a new 52-week high of $5.12 on Aug 16 before ending the session slightly lower at $5.08. The increase was fueled by rising gold prices and IAG&#39;s solid second-quarter production numbers and results.
IAMGOLD has a market capitalization of $2.89 billion and currently sports a Zacks Rank #1 (Strong Buy).
Shares of the company have gained 135.2% in the past year, outpacing the industry&#39;s 43.6% growth. The S&amp;P 500 has risen 28.3% in the same time frame.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/a6/74622.jpg?v=545099382" />
Image Source: Zacks Investment Research
<h3>What&#39;s Aiding the Stock?</h3>
Solid Q2 Results: IAMGOLD announced second-quarter adjusted earnings per share of 16 cents on Aug 8, which reflected a solid improvement from the loss of 1 cent reported in the year-ago quarter. The upside was driven by higher gold sales and realized gold prices. Revenues surged 61.1% year over year to $385 million.
Gold sales were 167,000 ounces on an attributable basis, 38% higher than 121,000 ounces in the second quarter of 2023. The average realized gold price per ounce was up 16% year over year to $2,294.
On Mar 31, 2024, the company announced the first gold pour at the C&ocirc;t&eacute; Gold mine. The mine is operated as a joint venture between IAG and Sumitomo Metal Mining Co., Ltd., a subsidiary of Sumitomo (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssumy#OTC">SSUMY</a>). The C&ocirc;t&eacute; Gold mine reached commercial production on Aug 2, 2024.
The mine&#39;s contribution to IAG&#39;s production was 20,000 ounces of gold in the second quarter. This took IAG&#39;s attributable total production to 166,000 ounces, a 55.1% year-over-year increase.
On May 24, IAG completed a bought deal equity financing of 72 million shares and raised gross proceeds of $300.24 million. Net proceeds will be utilized to repurchase a 9.7% interest in the C&ocirc;t&eacute; Gold mine from Sumitomo Metal Mining Co. Ltd., a subsidiary of Sumitomo, restoring its 70% interest in the C&ocirc;t&eacute; Gold Mine.
Upbeat Outlook: IAMGOLD expects the C&ocirc;t&eacute; Gold mine to produce 220,000-290,000 ounces of gold (on a 100% basis) in 2024.
Strong performances at the Essakane and Westwood mines&nbsp; also aided solid second-quarter results. The Essakane mine reported attributable production of 111,000 ounces in the second quarter of 2024, a 26.1% year-over-year increase mainly due to higher grades. Westwood&#39;s output was 35,000 ounces (up 84% year over year).
The company thus increased Essakane and Westwood&#39;s total production guidance to 495,000-540,000 ounces from the prior stated 430,000-490,000 ounces.
Uptick in Gold Prices: Gold prices have been on an upward trend in 2024 as traders see a potential for the Fed to begin lowering rates. Since the start of 2024, gold prices have risen 21.3% and remained consistently above the $2,000-per-ounce mark. Several factors have contributed to this upward trajectory, including increased geopolitical tensions, the potential for monetary policy easing and continuous purchasing by central banks. The yellow metal is currently at an all-time high at around $2,500 per ounce.
<h3>Other Stocks to Consider</h3>
Some other top-ranked stocks from the basic materials space are Carpenter Technology Corporation&nbsp;and Eldorado Gold Corporation. CRS and EGO sport a Zacks Rank #1 at present.
The Zacks Consensus Estimate for Carpenter Technology&#39;s fiscal 2025 earnings is pegged at $6.06 per share. The consensus estimate for 2025 earnings has moved 17% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 15.9%. CRS shares have gained 155.9% in a year.
The Zacks Consensus Estimate for Eldorado Gold&#39;s 2024 earnings is pegged at $1.32 per share. The consensus estimate for 2024 earnings has moved 22% north in the past 60 days. It has an average trailing four-quarter earnings surprise of 430%. EGO shares have gained 103% in a year.
<a href="https://www.zacks.com/stock/news/2323881/iamgold-iag-hits-52-week-high-what-s-driving-the-stock?cid=CS-BENZ-FT-analyst_blog|52week_high/low-2323881">To read this article on Zacks.com click here.</a>

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IAMGOLD Hits 52-Week High: What's Driving the Stock?

The recent global market turmoil, which originated in Japan, has had a limited impact on Warren Buffett&#8216;s substantial Japanese investments. Despite initial significant losses, the market managed to recover most of the decline by <a href="https://www.benzinga.com/markets/equities/24/08/40295176/s-p-500-erases-weekly-losses-nasdaq-100-ends-4-week-slide-as-bulls-regain-momentum-fridays-stock">the end of the week</a>.
What Happened: The Nikkei 225 index, a key indicator for Japanese stocks, plummeted by 12.4% last week, marking its worst performance since the 1987 &#8220;Black Monday.&#8221; This triggered a chain <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40181335/global-stock-market-meltdown-has-more-to-do-with-macro-funds-stuck-in-wrong-way-aro">reaction across global markets</a>. 
The sell-off was prompted by a minor rate hike by the Bank of Japan, which raised rates to their highest in 15 years and u<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40294173/dollar-yen-volatility-sparks-debate-over-carry-trade-positioning-we-maintain-a-stru">nwound the yen &#8220;carry trade</a>.&#8221; Despite this, the market was able to recoup most of its losses and finished the week down only 2.5%.
Berkshire Hathaway Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), Buffett&#8217;s holding company, holds an 8% stake in the five leading Japanese trading houses — ITOCHU (OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Marubeni (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>), Mitsubishi (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSF#OTC">MITSF</a>), and Sumitomo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>). The initial plunge in these stocks, up to 30%, was followed by a recovery by the end of the week, in line with the broader market.
Berkshire owns an 8% stake in these five major Japanese trading houses with a total investment of around $20 billion. As of the end of 2023, Berkshire had unrealized gains of over $8 billion in these trading houses. Buffett initially disclosed his 5% investment in these companies in 2020 and has pledged not to exceed a 9.9% stake without board approval.
Despite the market turmoil, the Japanese trading houses reported second-quarter earnings that mostly surpassed analyst expectations and maintained their full-year guidance, <a href="https://www.cnbc.com/2024/08/11/how-warren-buffetts-japan-investments-fared-in-the-global-market-rout.html">according</a> to a CNBC report. 
Year to date, Itochu and Mitsubishi shares have risen by over 10%, while Marubeni, Mitsui, and Sumitomo have seen increases of less than 10%.
Outside Japan, Buffett sold significant stock holdings, including half of his Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) stake, raising substantial cash reserves for <a href="https://www.benzinga.com/markets/24/08/40303410/warren-buffett-declares-shift-selling-apple-stock-to-invest-in-this-magnificent-megacap-heres-why">Berkshire in the second quarter</a>. 
See Also: <a href="https://www.benzinga.com/news/24/08/40301145/lawrence-summers-calls-for-sec-investigation-into-unprecedented-vix-movement?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Lawrence Summers Calls For SEC Investigation Into Unprecedented VIX Movement</a>
Why It Matters: Buffett&#8217;s Japanese investments come at a time when his other major moves have drawn significant attention. Recently, Elon Musk commented on Buffett&#8217;s decision to sell nearly half of Berkshire Hathaway&#8217;s stake in Apple Inc. 
Musk suggested that Buffett is &#8220;clearly expecting a correction&#8221; after Berkshire <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">accumulated a cash reserve of almost $277 billion</a>.
Buffett&#8217;s strategic shift towards Japanese trading houses and away from tech giants like Apple is also reflected in Berkshire&#8217;s <a href="https://www.benzinga.com/markets/24/08/40283605/is-warren-buffett-bearish-or-waiting-to-pounce-berkshire-now-owns-more-t-bills-than-federal-reserve">increased holdings of U.S. Treasury bills</a>. This move has led some to speculate whether Buffett is bearish or simply waiting for the right opportunity to invest.
Buffett&#8217;s influence extends beyond financial <a href="https://www.benzinga.com/news/24/07/40004954/melinda-gates-not-surprised-by-warren-buffetts-new-will-to-form-charity-trust-headed-by-his-children">markets to philanthropy</a>. Recently, he decided to allocate the majority of his remaining wealth to a new charitable trust managed by his children, diverting funds from the Gates Foundation.
Read Next: 
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This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

AAPL

Global Market Turmoil Tests Warren Buffett's Japanese Investments: Despite Initial 30% Plunge, Berkshire Hathaway's $20B Bet On Japan's Trading Giants Recovers

Circuit breakers were triggered for Japan&#8217;s TOPIX index and government bond futures, halting trading until 9:26:13 a.m. local time (8:26 p.m. EST). This intervention came as the TOPIX index extended its drop to over 6%, prompting urgent <a href="https://www.benzinga.com/money/how-to-buy-japanese-stock">measures to stabilize the market</a>.
What Happened: The broader impact was felt across the Asia-Pacific region, with the MSCI AC Asia Pacific Index falling 2% to 173.20. Japan&#8217;s Nikkei 225 stock average plummeted 5.60% on Monday and 20% from its July peak, highlighting severe market distress. South Korea&#8217;s KOSPI index also suffered, falling 4% to 2,568.70, while NASDAQ 100 futures in the U.S. dropped as much as 2%.
Heavyweight trading houses such as Mitsubishi Motors (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>), Mitsui &amp; Co (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSF#OTC">MITSF</a>), Sumitomo (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>), and Marubeni (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>) all plunged more than 10%.
See Also:&nbsp;<a href="https://www.benzinga.com/money/best-tech-stocks" target="_blank" rel="noreferrer noopener">Best Tech Stocks Right Now</a>
The sell-off continues a worrying trend from Friday, when Japan&#8217;s Nikkei 225 and TOPIX both fell over 5% and 6%, respectively.
U.S. markets also faced <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40151107/tech-sell-off-takes-qqq-to-correction-territory-nvidia-sheds-over-5-for-week-analys">significant losses on Friday</a>, sparked by a much weaker-than-expected jobs report for July. The Nasdaq led the decline, entering correction territory with a drop of more than 10% from its record high, while the S&amp;P 500 and Dow were down 5.7% and 3.9% from their all-time highs, respectively.
Dow Jones Industrial Average futures fell by 383 points, or 0.96%, while S&amp;P 500 futures and Nasdaq-100 futures dipped 1.6% and 2.5%.
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Image Via Shutterstock 
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Global Sell-Off Shows No Sign Of Stopping, Japanese Stocks Fall Sharply, Nikkei Drops Over 5% — Dow Futures Down By Over 300 Points

Equinor ASA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EQNR#NYSE">EQNR</a>) shares are trading higher today. Nippon Steel Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/NPSCY#OTC">NPSCY</a>) and Sumitomo Corporation (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)&nbsp;&nbsp;have renewed a long-term <a target="_blank" href="https://www.nipponsteel.com/en/news/20240703_100.html" rel="noreferrer noopener">contract </a>with Equinor&nbsp;to supply&nbsp;OCTG for use in Norway and internationally for up to 9 years.
The contract renewal recognizes their stable supply of high-performance OCTG, customer-focused product development, reliable delivery, and commitment to low carbon, safety, and human rights compliance in the supply chain.
For the past 35 years, Nippon Steel and Sumitomo have supplied OCTG to Equinor for oil, gas, and CCS projects that reduce greenhouse gas emissions.
Nippon Steel and Sumitomo aim to expand their long-term collaboration with Equinor in the energy sector by ensuring a stable supply of OCTG.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/equities/24/06/39533520/schlumberger-lands-electric-subsea-project-with-equinor-in-norway-details" rel="noreferrer noopener">Schlumberger Lands Electric Subsea Project With Equinor In Norway: Details</a>
Investors can gain exposure to the stock via Amplify ETF Trust Amplify Natural Resources Dividend Income ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NDIV#NYSE">NDIV</a>)&nbsp;and SGI Enhanced Global Income ETF (GINX).
Price Action: EQNR shares are up 1.7% at $28.97 at the last check Wednesday.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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Equinor Extends 35-Year Partnership: Nippon Steel and Sumitomo to Supply OCTG for Up to 9 Years

Investors with an interest in Diversified Operations stocks have likely encountered both Sumitomo Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssumy#OTC">SSUMY</a>) and ITT (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/itt#NYSE">ITT</a>). But which of these two stocks offers value investors a better bang for their buck right now? We&#39;ll need to take a closer look.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Right now, both Sumitomo Corp. and ITT are sporting a Zacks Rank of # 2 (Buy). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that these stocks have improving earnings outlooks. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company&#39;s fair value.
SSUMY currently has a forward P/E ratio of 8.43, while ITT has a forward P/E of 22.21. We also note that SSUMY has a PEG ratio of 0.58. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company&#39;s expected EPS growth rate. ITT currently has a PEG ratio of 1.68.
Another notable valuation metric for SSUMY is its P/B ratio of 0.93. Investors use the P/B ratio to look at a stock&#39;s market value versus its book value, which is defined as total assets minus total liabilities. By comparison, ITT has a P/B of 4.13.
These are just a few of the metrics contributing to SSUMY&#39;s Value grade of A and ITT&#39;s Value grade of D.
Both SSUMY and ITT are impressive stocks with solid earnings outlooks, but based on these valuation figures, we feel that SSUMY is the superior value option right now.
<a href="https://www.zacks.com/stock/news/2292378/ssumy-or-itt-which-is-the-better-value-stock-right-now?cid=CS-BENZ-FT-tale_of_the_tape|yseop_template_3-2292378">To read this article on Zacks.com click here.</a>

SSUMY or ITT: Which Is the Better Value Stock Right Now?

Private equity giants such as Blackstone Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BX#NYSE">BX</a>) have seemingly gobbled up everything in the United States market, from <a href="https://www.google.com/search?q=rover+blackstone+benzinga&amp;oq=rover+blackstone+benzinga&amp;gs_lcrp=EgZjaHJvbWUyCQgAEEUYORigATIHCAEQIRigATIHCAIQIRigATIHCAMQIRigATIHCAQQIRigAdIBCDI2MjZqMGo5qAIAsAIB&amp;sourceid=chrome&amp;ie=UTF-8">pet care</a> to <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37719939/is-it-time-to-buy-the-commercial-real-estate-dip-the-worlds-biggest-private-equity-">real estate</a>, even eying a <a href="https://www.benzinga.com/general/sports/24/05/38710804/nfl-rule-could-open-door-for-big-money-investors-will-your-team-go-up-for-sale">purchase of sports teams</a>. The NYC-based investment management company has eyed a new opportunity: <a href="https://www.benzinga.com/topic/japan">the Japanese market</a>. 
What Happened: Nikkei Asia <a href="https://asia.nikkei.com/Business/Finance/Blackstone-eyes-10bn-in-Japan-deals-amid-buyout-fund-influx">reported</a> that Blackstone is planning to invest $9.6 billion in Japan by 2027.
&#8220;There are a number of factors that have come together that have really accelerated growth in the Japanese economy as well as investment opportunities,&#8221; Blackstone President Jonathan Gray told Nikkei. &#8220;It&#8217;s been the return of inflation to the Japanese economy, the strength in the stock market, the policies under Prime Minister [Fumio] Kishida, which have encouraged individual Japanese to move from savers to investors, which we think is very important, the encouragement of companies to focus on return on equity and to look at selling noncore divisions.&#8221;
The iShares MSCI Japan ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWJ#NYSE">EWJ</a>) is up over 9% in 2024 and the Japanese Yen is as weak against the U.S. Dollar as it has been in several decades.
Why it Matters: Blackstone is not alone in pursuing opportunities in the Japanese market. Investment managers, including Bain Capital and KKR &amp; Co Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>), are increasingly favoring Japan rather than China and India for investment opportunities.
Carlyle Group, which has previously invested in Japan, saw an internal rate of return of 28%, compared with around 8% to 14% for major Carlyle funds with focuses in Europe or Asia, according to Nikkei.
Berkshire Hathaway Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) has made several investments in Japan in recent years. CEO Warren Buffett famously <a href="https://www.nytimes.com/2008/10/17/opinion/17buffett.html">prefers</a> to invest in American companies, but a favorable Japanese interest rate environment led Berkshire to take stakes in the following Japanese conglomerates in 2020:
<ul>
<li>Itochu Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>)</li>
<li>Mitsubishi Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>)</li>
<li>Mitsui &amp; Co., Ltd&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>)</li>
<li>Sumitomo Corp.&nbsp;(OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)</li>
<li>Marubeni Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>)</li>
</ul>
The late vice-chairman Charlie Munger championed <a href="https://www.benzinga.com/startups/23/11/35539422/charlie-munger-raves-about-warren-buffetts-rare-japanese-investment-opportunity-of-a-century-it-was">Berkshire&#8217;s Japanese investments</a>.
&#8220;It was like having God just opening a chest and just pouring money into it,&#8221; Munger said.
Also Read: <a href="https://www.benzinga.com/markets/equities/24/05/38959529/blackstone-to-grant-equity-to-rank-and-file-employees-at-us-buyouts-report">Blackstone To Grant Equity To Rank-And-File Employees At US Buyouts: Report</a>
Image generated using artificial intelligence via Midjourney.

Private Equity Giant Blackstone Targets Japanese Market, Anticipates 'Accelerated Growth': Report

Since Warren Buffett expressed willingness to raise his exposures to Japanese trading companies on&nbsp;April 10, the Nikkei 225 index, which represents the broad&nbsp;Japanese stock market, registered gains for five straight weeks, increasing by 8%&nbsp;and surging <a href="http://www.benzinga.com/markets/asia/23/04/31742382/buffett-loves-japan-nikkei-stocks-rally-after-berkshire-hathaway-ceo-says-he-raises-bets-in-five-jap" target="_blank">back to November 2021 highs.&nbsp;</a>
In comparison, the S&amp;P 500 index, which is tracked by the SPDR S&amp;P 500 Trust ETF (ARCA: SPY), only gained by 1% over the same time span, thus lagging well behind Japanese equities.&nbsp;
Until Buffett publicly stated his desire to boost his holdings of Japanese stocks, the Nikkei and the S&amp;P 500 had almost&nbsp;equal year-to-date performance, as the chart below shows.&nbsp;
Chart: The Buffett&#39;s Effect | Japanese Stocks&nbsp;Strongly Outperformed U.S. Peers Since Buffett&#39;s Bet In April
<img alt="" src="https://www.benzinga.com/files/u1363475/nikkei225_2023-05-15_18-51-54_3b864.png" style="height:500px; width:100%" />
Why Buffett Loves Japan:&nbsp;Buffett has long had an attraction for the Japanese &quot;sogo sosha,&quot;&nbsp;or trading house companies, which are diversified conglomerates that trade at cheap or discount&nbsp;valuations&nbsp;on the market. Just what Berkshire Hathaway Inc.&#39;s&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkr-a#NYSE">BKR-A</a>) CEO&nbsp;needs to hear.&nbsp;
The &quot;Oracle of Omaha&quot;&nbsp;had purchased slightly more than 5% of Japan&#39;s top five trading houses in August 2020:&nbsp;Itochu Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/itocy#OTC">ITOCY</a>), Mitsubishi Corp. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/msbhf#OTC">MSBHF</a>), Mitsui &amp; Co. Ltd. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mitsy#OTC">MITSY</a>), Sumitomo ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ssumy#OTC">SSUMY</a>), and Marubeni ADR&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/maruy#OTC">MARUY</a>). Buffett&nbsp;then increased his bets twice in November 2022 and April 2023.&nbsp;
How To Invest In Japanese Equities: There are two major exchange-traded funds (ETFs) that provide investors with exposure to Japanese equities.
The primary distinction between them relates to their currency hedging strategies.
The currency-unhedged iShares MSCI Japan ETF (ARCA: EWJ) tracks a market-cap-weighted index that encompasses around 85% of the investable universe of securities traded in Japan. In this case, a U.S.-based investor would be susceptible to swings in the Japanese yen&#39;s performance versus the dollar.
The WisdomTree Japan Hedged Equity Fund (ARCA: DXJ) invests in Japanese dividend-paying firms while hedging against currency swings. In this situation, a U.S.-based investment would not be exposed to currency risk.
Over the previous three years, DXJ has significantly outperformed EWJ by more than 50% due to&nbsp;a sharp rise in the dollar&#39;s relative value to the yen.
Chart: There Has Been A&nbsp;Notable Performance Gap Between Hedged And Unhedged Japanese Equities
<img alt="" src="https://www.benzinga.com/files/u1363475/ewj_2023-05-15_19-19-51_7a0b5.png" style="height:500px; width:100%" />
Read Also:&nbsp;<a href="https://www.benzinga.com/23/05/32369349/lessons-from-berkshire-warren-buffett-2023-shareholders-meeting-do-what-you-are-good-at-remove-toxic" target="_blank">Lessons From Berkshire Warren Buffett 2023 Shareholder&#39;s Meeting: Do What You Are Good At, Remove Toxic People And Be Kind</a>
Photo: Shutterstock
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BKR-A

WisdomTree Trust Japan Total Dividend Fund

Japanese Stocks Rallied Five Weeks In A Row After Warren Buffett's Bet, Outperforming A Nearly Flat S&P 500

Billionaire investor&nbsp;Warren Buffett&nbsp;said in an interview with Nikkei on Tuesday that&nbsp;<a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" target="_blank">he was proud of his investments in shares of Japanese trading houses.</a>
In his appearance on CNBC&rsquo;s Squawk Box on Wednesday, he elaborated further on the logic behind his Japanese bets.
What Happened:&nbsp;Buffett&rsquo;s agreed that his investment in Japanese stocks reflects his stamp of approval in Japan. This was accurate a couple of years ago too, he said.
&ldquo;I was confounded by the fact that we could buy into these companies and in effect have earnings yield, maybe 14% or something like that, with dividends&hellip;.. that grew 70% during that time and people were investing money at quarter percent or nothing, and then the quarter percent, if they put it out for a year, it wasn&rsquo;t going to grow,&rdquo; the billionaire said.
&ldquo;It&#39;s sure gonna be better than I thought it would be.&quot;
See Also:<a href="https://www.benzinga.com/money/warren-buffetts-forex-strategy" target="_blank">&nbsp;Warren Buffett&#39;s Forex Strategy</a>
Tracing Back Investment History:&nbsp;&nbsp;Buffett told CNBC that the investment in the Japanese trading houses started about four years ago.
&ldquo;I was looking at company after company, as I do every day and I just thought these were big companies. These were companies that I generally understood what they did, somewhat similar to&nbsp;Berkshire Hathaway, Inc.&nbsp;(NYSE:&nbsp;<a href="https://www.benzinga.com/stock/brk-a#NYSE" target="_blank">BRK-A</a>) (NYSE:&nbsp;<a href="https://www.benzinga.com/stock/brk-b#NYSE" target="_blank">BRK-B</a>),&quot; the billionaire investor said.
These stocks were trading at &ldquo;ridiculous&rdquo; prices, compared to the interest rates that prevailed at that time, he said.
Buffett said he, therefore, started buying all five largest trading houses during his 90th birthday (Aug. 30, 2020). The five trading companies Berkshire has stakes in are:
<ul>
<li>Itochu Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/itocy#OTC" target="_blank">ITOCY</a>)</li>
<li>Mitsubishi Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/msbhf#OTC" target="_blank">MSBHF</a>)</li>
<li>Mitsui &amp; Co., Ltd&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/mitsy#OTC" target="_blank">MITSY</a>)</li>
<li>Sumitomo Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/ssumy#OTC" target="_blank">SSUMY</a>) and</li>
<li>Marubeni Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/maruy#OTC" target="_blank">MARUY</a>)</li>
</ul>
Berkshire picked up an identical 5% stake in each of these companies and Buffett wrote to the CEOs of the companies at that time that he would never buy more than 9.9% in each without their consent.
Since Berkshire&rsquo;s purchases, the dividends of these companies have, on average, gone up by about 70%, he noted.
The investment guru also said Berkshire now owns 7.4% of each of these companies. He also said during his Japanese visit, he met with each of these companies over the past two days.
Buffett said these stocks are long-term bets. &ldquo;We&#39;ll be in these stocks 10-20 years,&rdquo; he said.
Read Next:&nbsp;<a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31505925/did-warren-buffett-miss-tesla-train-at-bargain-200m-valuation-elon-musk-reminds-investme" target="_blank">Did Warren Buffett Miss Tesla Train At Bargain $200M Valuation? Elon Musk Reminds Investment Guru Of Lost Opportunity</a>
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Warren Buffett Reveals 'Confounding' Fact That Made Him Invest In Japan's Top 5 Trading Firms: 'Better Than I Thought'

Shares of the Nikkei 225, the largest equity index in Japan, increased more than 1% after Berkshire Hathaway Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/bkr-a#NYSE">BKR-A</a>) CEO Warren Buffett stated in a media interview with Nikkei press that he plans to increase his exposure to <a href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" target="_blank">Japanese trading houses</a>.&nbsp;
After revealing in August 2020&nbsp;it had purchased somewhat more than 5% of Japan&#39;s top five trading houses &mdash;&nbsp;Itochu Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Mitsubishi Corp.&nbsp;(OTC:&nbsp;<a href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/mitsy#OTC">MITSY</a>), Sumitomo Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>)&nbsp;and Marubeni Corp. (OTC:&nbsp;<a href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>) &mdash; Buffett expanded its interests in Japanese stocks in November.
Sogo sosha, or Japanese trading corporations, are diversified conglomerates that typically trade at low or cheap market valuations.
Buffett&#39;s favorite Japanese equities trade at single-digit future P/E ratios, giving them an appealing value proposition that has likely piqued the interest of the &quot;Oracle of Omaha,&quot; who is now in Japan on a business trip.
<img alt="" src="https://www.benzinga.com/files/u1363475/koyfin_20230411_013801213.png" style="height:500px; width:968px" />
Itochu CEO Masahiro&nbsp;Okafuji told Nikkei that he is &quot;confident&quot;&nbsp;Buffett thinks the Japanese market justifies more investment. The iShares MSCI Japan Index Fund (ARCA: EWJ) is up 4.8% year-to-date.&nbsp;
Market Reactions To Buffett&rsquo;s Interview: Shares of the five Japanese trading houses rallied more than 2% at the close of the market session in Tokyo.
Mitsubishi Corp. (8058) gained 2%, Mitsui &amp; Co. (8031) was up by 2.7%, Itochu Corp. (8001) by 3%, Sumitomo Corp. (8053) by 3.2% and Marubeni Corp. (8002) by 4.6%.
<img alt="" src="https://www.benzinga.com/files/u1363475/8001_2023-04-11_13-21-48_9c642.png" style="height:500px; width:100%" />
Read Also:&nbsp;<a href="https://www.benzinga.com/news/23/04/31731723/5-of-the-craziest-things-warren-buffett-has-spent-his-money-on" target="_blank">5 Of The Craziest Things Warren Buffett Has Spent His Money On</a>&nbsp;
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Buffett Loves Japan: Nikkei Stocks Rally After Berkshire Hathaway CEO Says He Raises Bets in Five Japanese Trading Houses

Benzinga
<a class="editor-rtfLink" href="https://www.benzinga.com/general/social-media/23/04/31737585/twitter-is-officially-defunct-as-elon-musk-pursues-superapp-goal" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Twitter Inc Is Officially Defunct As Elon Musk Pursues&#39; Superapp&#39; Goal</a>
<ul>
<li>Twitter Inc,&nbsp;the parent company of the namesake social media platform, has ceased to exist, and it has now been merged into&nbsp;X Corp.,&nbsp;court filings show.</li>
<li>&#39;Chief Twit&#39;&nbsp;Elon Musk&nbsp;also appeared to acknowledge the change early on Tuesday by tweeting out &quot;X.&quot;</li>
<li>The development came to light in a court filing of Twitter&#39;s corporate disclosure statement in connection with a lawsuit brought about by right-wing activist Laura Loomer. She is fighting against Twitter banning her account in 2019.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738895/hyundais-electric-vision-18b-investment-paves-way-for-companys-commitment-to-electric-cars" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Hyundai&#39;s Electric Vision: $18B Investment Paves Way for Company&#39;s Commitment To Electric Cars</a>
<ul>
<li>Hyundai Motor Company&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/hymtf#OTC">HYMTF</a>) plans to invest 24 trillion won ($18.2 billion) by 2030 to boost electrification.</li>
<li>The group, including Hyundai Motor, Kia, and Genesis electric models, expects to expand the annual EV production in Korea to 1.51 million units and global volume to 3.64 million units by 2030.</li>
<li>The investment will be used to upgrade Korea&#39;s EV ecosystem and to promote domestic EV production, R&amp;D, infrastructure, and related industries.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/04/31741627/mixed-results-for-moderna-on-vaccine-day-influenza-vaccine-candidate-testing-to-continue-despite-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Moderna&#39;s Vaccine Day: Influenza Vaccine Candidate Testing To Continue As It Misses&#39; Early Success&#39; Threshold</a>
<ul>
<li>Moderna Inc&#39;s&nbsp;(NASDAQ:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mrna#NASDAQ" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MRNA</a>) first vaccine candidate against influenza is mRNA-1010, which is being developed in adults.</li>
<li>The independent Data and Safety Monitoring Board (DSMB) has completed the first interim efficacy analysis for the second Phase 3 trial (P302) conducted in the Northern Hemisphere to evaluate the safety and non-inferior efficacy compared to a licensed flu vaccine.</li>
<li>The DSMB said mRNA-1010 did not meet the statistical threshold to declare early success.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/04/31740193/disclosure-violations-cost-goldman-sachs-15m-as-settlement-in-swap-business" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Disclosure Violations Cost Goldman Sachs $15M as Settlement in Swap Business</a>
<ul>
<li>Goldman Sachs Group Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/gs#NYSE">GS</a>) agreed to pay $15 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges that it failed to make proper disclosures and communicate fairly to swap customers.</li>
<li>In 2015 and 2016, Goldman opportunistically solicited or agreed to enter into same-day swaps only on days and at times that were financially advantageous to Goldman and disadvantageous to its clients.&nbsp;</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/large-cap/23/04/31739764/newmont-raises-bid-for-newcrest-takeover-offers-46-premium-to-feb-3-price-at-19-5b-valuation" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Newmont Raises Bid For Newcrest Takeover, Offers 46% Premium to Feb 3 Price At $19.5B Valuation</a>
<ul>
<li>Newmont Corporation&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nem#NYSE">NEM</a>) submitted a final revised takeover offer to&nbsp;Newcrest Mining Limited&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/ncmgy#OTC">NCMGY</a>), bidding a 46% premium to the closing price of Newcrest shares as on Feb 3, 2023.&nbsp;</li>
<li>The latest offer values Newcrest Mining at $19.5 billion, making it the largest-ever M&amp;A deal in the gold-mining industry.</li>
<li>Newcrest is Australia&#39;s largest gold miner, which had rejected the previous offer from Newmont at a $17.5 billion valuation. The company initially proposed the acquisition in February 2023.</li>
</ul>
&nbsp;
CNBC
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31737812/chatgpt-rivalry-gets-bigger-alibaba-plans-to-integrate-chatbot-across-products-at-low-cost" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ChatGPT Rivalry Gets Bigger: Alibaba Plans to Integrate Chatbot Across Products at Low Cost</a>
<ul>
<li>On Tuesday,&nbsp;Alibaba Group Holding Limited&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/baba#NYSE">BABA</a>) cloud computing unit shared plans to launch its&nbsp;ChatGPT&nbsp;counterpart Tongyi Qianwen.</li>
<li>Alibaba Cloud initially proposed to deploy Tongyi Qianwen with Chinese and English language capabilities on Slack counterpart DingTalk, Alibaba&#39;s workplace communication software, and Tmall Genie, a provider of smart home appliances.</li>
</ul>
&nbsp;
Nikkei
<a class="editor-rtfLink" href="https://www.benzinga.com/markets/asia/23/04/31740469/warren-buffett-very-proud-of-japanese-investments-5-tokyo-listed-stocks-berkshire-has-stakes-in" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Warren Buffett &#39;Very Proud&#39; Of Japanese Investments: 5 Tokyo-Listed Stocks Berkshire Has Stakes In</a>
<ul>
<li>Billionaire investor&nbsp;Warren Buffett&nbsp;has set his sights on the far east to put his money to work.</li>
<li>Buffett, who runs the investment holding company&nbsp;Berkshire Hathaway&nbsp;(NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/brk-a#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BRK-A</a>) (NYSE:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/brk-b#NYSE" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">BRK-B</a>), is &quot;very proud&quot; of his investments in Japanese stocks, the billionaire told in an interview with Nikkei.</li>
<li>Berkshire, in Aug. 2020, picked up more than 5% stake in each of Japan&#39;s five trading houses, namely&nbsp;Itochu Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/itocy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">ITOCY</a>),&nbsp;Mitsubishi Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/msbhf#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MSBHF</a>),&nbsp;Mitsui &amp; Co., Ltd&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/mitsy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MITSY</a>),&nbsp;Sumitomo Corp&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/ssumy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">SSUMY</a>), and&nbsp;Marubeni Corp.&nbsp;(OTC:&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/stock/maruy#OTC" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">MARUY</a>).</li>
</ul>
&nbsp;
Reuters
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738877/amc-britain-rival-cineworld-files-restructuring-plan-in-bankruptcy-court-shareholders-to-be-wiped-ou" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">AMC Britain Rival Cineworld Files Restructuring Plan in Bankruptcy Court, Shareholders to be Wiped Out</a>
<ul>
<li>On Tuesday,&nbsp;Cineworld Group PLC&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnnwq#OTC">CNNWQ</a>) (OTC: <a class="ticker" href="https://www.benzinga.com/stock/cnwgq#OTC">CNWGQ</a>) said it had filed a reorganization plan in a Texas bankruptcy court to dissolve existing shareholdings effectively.</li>
<li>The filing formalizes the cinema chain operator&#39;s Apr 3 deal that includes plans to cut debt by about $4.53 billion and raise $2.26 billion to emerge from bankruptcy.</li>
<li>Cineworld, which expects to emerge from Chapter 11 in the first half of 2023, said any transaction resulting from the marketing process might delay emergence beyond that point.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31738440/boeing-aims-to-reach-pre-crisis-737-max-production-rates-in-2025-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Boeing Aims To Reach Pre-Crisis 737 MAX Production Rates In 2025</a>
<ul>
<li>Boeing Co&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) expects its 737 MAX jet to return to its 2019 production rate of 52 per month in 2025.</li>
<li>The aircraft maker&#39;s bestselling jet demand nosedived following two deadly crashes and the COVID-19 pandemic.</li>
<li>Boeing currently builds 31 737 MAX jets per month. The company aims to increase monthly MAX production to 38 in June, 42 by January 2024, and 47 by June 2024.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/general/biotech/23/04/31739346/drugmakers-stand-up-for-reproductive-rights-pfizer-and-biogen-among-300-condemning-abortion-pill-" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Drugmakers Stand Up for Reproductive Rights: Pfizer and Biogen Among 300 Condemning Abortion Pill Approval Suspension</a>
<ul>
<li>Last week Friday, a U.S. judge suspended the FDA&#39;s approval of mifepristone, effectively banning sales. Executives from over 300 companies, including&nbsp;Pfizer Inc&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pfe#NYSE">PFE</a>) and&nbsp;Biogen Inc&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/biib#NASDAQ">BIIB</a>), signed an open letter calling to reverse a federal judge&#39;s decision.</li>
<li>The abortion pill has been available since 2000. The letter&#39;s authors wrote that the ruling ignores scientific evidence and legal precedent.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31739074/clear-skies-ahead-chinese-airlines-resume-boeing-737-max-operations-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Clear Skies Ahead: Chinese Airlines Resume Boeing 737 MAX Operations</a>
<ul>
<li>Boeing&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ba#NYSE">BA</a>) reportedly disclosed that 11 Chinese airlines had resumed 737 MAX operations as of Apr 10, a positive indication of its efforts to rebuild its business in the world&#39;s second-largest aviation market.</li>
<li>The number of 737 MAX returning to commercial service reached 43, accounting for approximately 45% of the Chinese 737 MAX fleet.</li>
<li>Boeing didn&#39;t name the airlines, but Hainan Airlines Holding Co Ltd, Fuzhou Airlines, Lucky Air, and Air China have all flown the jets in the months.</li>
</ul>
<a class="editor-rtfLink" href="https://www.benzinga.com/news/23/04/31740222/mitsubishi-heavy-industries-pockets-2-8b-missile-contracts-from-japan-report" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Mitsubishi Heavy Industries Pockets $2.8B Missile Contracts From Japan</a>
<ul>
<li>Mitsubishi Heavy Industries Ltd&nbsp;(OTC: <a class="ticker" href="https://www.benzinga.com/stock/mhvyf#OTC">MHVYF</a>) has reportedly secured contracts worth $2.84 billion (378 billion yen) from Japan.</li>
<li>Under the contract, Mitsubishi Heavy will develop and build a new missile force to deter China from using military force in East Asia.</li>
<li>The four contracts include land, sea, and air-launched missiles and a hypersonic ballistic warhead that it wants to begin deploying in 2026, the report quoted Japan&#39;s Ministry of Defense.</li>
</ul>
&nbsp;
Bloomberg
<a class="editor-rtfLink" href="https://www.benzinga.com/government/23/04/31738465/antitrust-penalty-south-korea-hits-google-with-32m-fine-for-anti-competitive-mobile-app-behavior" style="color:#4a6ee0; background:transparent; margin-top:0pt; margin-bottom:0pt" target="_blank">Antitrust Penalty: South Korea Hits Google with $32M Fine for Anti-Competitive Mobile App Behavior</a>
<ul>
<li>South Korea penalized&nbsp;Alphabet Inc&#39;s&nbsp;(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/goog#NASDAQ">GOOG</a>) (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/googl#NASDAQ">GOOGL</a>)&nbsp;Google&nbsp;42.1 billion won ($32 million) for exploiting its influence in the mobile app market to drive away a local rival.</li>
<li>Google tried to block Korean platform rival&nbsp;One Store Co&#39;s&nbsp;growth, Bloomberg cites&nbsp;Korea&#39;s Fair Trade Commission&#39;s&nbsp;statement.</li>
<li>Google has denied offering benefits to developers who put their apps only on Google Play.</li>
</ul>
Photo by Ljupco Smokovski via Shutterstock and Wikimedia Commons

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Twitter Inc Is Officially Defunct, Alibaba Plans to Integrate ChatGPT Like Chatbot Across Products, Moderna's Flu Shot Study Misses 'Early Success' Criteria: Today's Top Stories

Billionaire investor <a href="https://www.benzinga.com/news/23/04/31731723/5-of-the-craziest-things-warren-buffett-has-spent-his-money-on">Warren Buffett </a>has set his sights on the far east to put his money to work.
What Happened: &nbsp;Buffett, who runs the investment holding company, Berkshire Hathaway (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>), is "very proud" of his investments in Japanese stocks, the billionaire <a href="https://asia.nikkei.com/Editor-s-Picks/Interview/Warren-Buffett-says-he-intends-to-add-to-Japanese-stock-holdings2">told</a> 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:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>), Mitsubishi Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>), Mitsui &amp; Co., Ltd (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>), Sumitomo Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>) and Marubeni Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>), 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.
See Also: <a href="https://www.benzinga.com/money/how-to-invest-in-startups">How To Invest In Startups</a>
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:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) and Coca-Cola Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KO#NYSE">KO</a>), among others. The company has recently been <a href="https://www.benzinga.com/trading-ideas/long-ideas/23/03/31523799/how-much-1-000-invested-in-occidental-when-warren-buffett-bought-the-stock-at-onset-of-r">building a position in the upstream oil and gas company Occidental Petroleum Corp </a>(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OXY#NYSE">OXY</a>).
Buffett's Berkshire has also invested in other Asian companies such as BYD Company Limited (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>) (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BYDDY#OTC">BYDDY</a>).
Read Next: <a href="https://www.benzinga.com/news/23/02/31060887/warren-buffett-says-in-58-years-of-managing-berkshire-his-decisions-no-better-than-so-so-heres-his-s">Warren Buffett Says In 58 Years Of Managing Berkshire His Decisions &#8216;No Better Than So-So&#8217;: Here&#8217;s His &#8216;Secret Sauce&#8217;</a>

BYDDY

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

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Sumitomo Corporation Group Establishes Joint Venture to Develop Renewable Energy Projects in Virginia; Expanding Over 1.5 GW of Solar Power Projects in a Key IT Infrastructure Hub and Data Center Cluster

Strategic Investment in Evertrak, a North American Composite Railroad Tie Manufacturer

Sumitomo Corporation Acquires Full Ownership of U.S.-based ActivStyle, Provider of Home Medical Supplies for Patients with Chronic Conditions

TYO:8053

火曜日の東京株式市場では米大手投資会社バークシャー・ハサウェイ(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>)の買い増しが好感され、日本の五大総合商社の株価が急騰した。
出来事：バークシャー・ハサウェイの完全子会社であるナショナル・インデムニティは、日本の証券取引委員会への提出書類で、三菱の株式保有率を8.31%から9.67%に、三井の株式保有率を8.09%から9.82%に引き上げたことを明らかにした。また、バークシャーは伊藤忠商事、丸紅、住友商事の株式保有率もそれぞれ約1ポイント増加させた。
バークシャーの持ち株増加で日本の総合商社株が急騰：
<figure class="wp-block-table">
<table style="overflow:auto; height: 90px; display: block;">
<thead>
<tr>
<th>会社（ティッカー）</th>
<th>％変化</th>
<th>株価（円）</th>
<th>株価（米ドル）</th>
</tr>
</thead>
<tbody>
<tr>
<td>三井（OTC:<a class="ticker" href="https://www.benzinga.com/stock/MITSY#OTC">MITSY</a>）</td>
<td>+4.64%</td>
<td>2,934円</td>
<td>19.61ドル</td>
</tr>
<tr>
<td>丸紅（OTC:<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>）</td>
<td>+4.26%</td>
<td>2,543円</td>
<td>17.00ドル</td>
</tr>
<tr>
<td>三菱（OTC:<a class="ticker" href="https://www.benzinga.com/stock/MSBHF#OTC">MSBHF</a>）</td>
<td>+4.08%</td>
<td>2,754円</td>
<td>18.41ドル</td>
</tr>
<tr>
<td>伊藤忠（OTC:<a class="ticker" href="https://www.benzinga.com/stock/ITOCY#OTC">ITOCY</a>）</td>
<td>+3.87%</td>
<td>7,216円</td>
<td>48.23ドル</td>
</tr>
<tr>
<td>住友（OTC:<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>）</td>
<td>+3.68%</td>
<td>3,637円</td>
<td>24.31ドル</td>
</tr>
</tbody>
</table>
</figure>
バークシャーの追加投資はは、以前に合意した10％の投資制限を「適度に緩和する」という最近の交渉を受けたものである。ただ、いずれの総合商社の持ち株も<a href="https://in.benzinga.com/markets/25/03/44353719/warren-buffets-berkshire-hathaway-boosts-stake-in-japans-top-trading-firms">この制限を超える</a>ことはなかった。
なぜ重要なのか：これらの総合商社は、日本の経済にとって欠かせない存在で、石油、ガス、および金属などの重要な原材料の輸入、機械輸出、自動車、および電子部品の生産に対して重要な役割を果たしている。
「オマハの賢人」と呼ばれることもあるバークシャー・ハサウェイの会長であるバフェット氏は、2020年にはじめてこれらの総合商社に投資を開始している。バフェット氏は先月の株主通信で、これらの総合商社への評価がより高まっていると強調した。2024年末までに、バークシャーの日本の持ち株の時価総額は235億ドルに上昇。
日本での投資を拡大する一方で、バークシャーは<a href="https://www.benzinga.com/markets/equities/25/03/44212672/jamie-dimon-cashed-out-234-million-in-jpmorgan-stock-warren-buffett-stockpiled-334-billion-in-cash-weeks-later-markets-crashed-coincidence">広範囲にわたる株式の売却</a>をしており、過去最高額である3342億ドルの現金を準備した。
次の記事
<ul>
<li><a href="https://www.benzinga.com/tech/25/03/44368525/joe-rogan-once-talked-about-the-two-billionaires-he-really-loves-he-called-elon-musk-a-nomad-and-jeff-bezos-a-yacht-king-what-these-two-tech-titans-own-reveals-a-very-inte">ジョー・ロガンは、自分が「本当に」愛する2人の億万長者について語った。彼は、イーロン・マスクを遊牧民、ジェフ・ベゾスをヨット王と呼んだ</a><a href="https://www.benzinga.com/tech/25/03/44368525/joe-rogan-once-talked-about-the-two-billionaires-he-really-loves-he-called-elon-musk-a-nomad-and-jeff-bezos-a-yacht-king-what-these-two-tech-titans-own-reveals-a-very-inte">— </a><a href="https://www.benzinga.com/tech/25/03/44368525/joe-rogan-once-talked-about-the-two-billionaires-he-really-loves-he-called-elon-musk-a-nomad-and-jeff-bezos-a-yacht-king-what-these-two-tech-titans-own-reveals-a-very-inte">この2人の巨大テクノロジー企業が所有するものは、非常に興味深い事実を明かす</a></li>
</ul>
画像提供：シャッターストック
免責事項：このコンテンツは、AIツールにより一部作成され、Benzinga編集者がレビュー及び公開しました。

日本のTOPIX指数と国債先物については、午前9時26分13秒まで（米国東部時間夜8時26分）取引が停止する『サーキットブレーカー』が作動した。TOPIX指数は6%を超える下落を続けており、市場を安定させるための緊急の<a href="https://www.benzinga.com/money/how-to-buy-japanese-stock">対策</a>が打たれた。
出来事：この出来事の影響はアジア太平洋地域全体に波及し、MSCI ACアジア太平洋指数は173.20で2%下落した。日本の日経平均株価は20%下落して7月のピークからも急落し、月曜日には5.60%急落した。韓国のKOSPI指数も4%下落し、2568.70の数字となった。一方で、米国のNASDAQ 100先物は最大で2%急落した。
三菱自動車（OTC：<a class="ticker" href="https://www.benzinga.com/stock/MMTOF#OTC">MMTOF</a>）、三井＆Co（OTC：<a class="ticker" href="https://www.benzinga.com/stock/MITSF#OTC">MITSF</a>）、住友（OTC：<a class="ticker" href="https://www.benzinga.com/stock/SSUMY#OTC">SSUMY</a>）、丸紅（OTC：<a class="ticker" href="https://www.benzinga.com/stock/MARUY#OTC">MARUY</a>）などの重量級商社も10%以上下落した。
関連リンク： <a href="https://www.benzinga.com/money/best-tech-stocks" target="_blank" rel="noreferrer noopener">最高のテック株</a>
この売り込みは、日本の日経225指数とTOPIX指数がそれぞれ5%以上、6%以上下落した金曜日のトレンドを続けている。
米国市場も金曜日に<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40151107/tech-sell-off-takes-qqq-to-correction-territory-nvidia-sheds-over-5-for-week-analys">大幅に下げた</a>。この原因は、7月の雇用統計が予想を大幅に下回ったことである。NASDAQは史上最高値から10%以上下落し、訂正圏に入ってしまった。一方S&amp;P 500とダウは、それぞれ史上最高値から5.7%、3.9%下落した。
ダウ・ジョーンズ工業株平均先物は383ポイント（0.96%）下げ、S&amp;P 500先物とNASDAQ100先物はそれぞれ1.6%と2.5%下落した。

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