Buffett’s Berkshire buys 5% stake each in five Japanese trading companies

(Reuters) – Warren Buffett’s Berkshire Hathaway said on Sunday it has acquired more than 5% stakes in each of the five leading Japanese trading companies.

Berkshire Hathaway’s wholly-owned subsidiary, National Indemnity Company, will notify Japan’s Kanto Local Finance Bureau of the stake purchase in Japanese companies Itochu Corp <8001.T>, Marubeni Corp <8002.T> , Mitsubishi Corp <8058.T>, Mitsui & Co Ltd <8031.T> and Sumitomo Corp <8053.T>, the company said in a statement.

(Reporting by Bhargav Acharya in Bengaluru; Editing by Himani Sarkar)