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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: BreckHutHigh ✧  😊 😞
Number: of 15070 
Subject: Going With More Japanese
Date: 06/20/2023 2:18 AM
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No. of Recommendations: 2
"Berkshire Hathaway increases its passive stakes in each of five leading Japanese trading companies.

Following the close of the markets in Japan today, Berkshire Hathaway's wholly-owned subsidiary, National Indemnity Company, will notify Japan's Kanto Local Finance Bureau that it has increased its ownership interest in five of the leading Japanese trading companies.

The companies, listed alphabetically, are Itochu, Marubeni, Mitsubishi, Mitsui and Sumitomo. Presently these are the only publicly traded investments that Berkshire owns in Japan. Their aggregate value considerably exceeds that of Berkshire-held public stocks in any other country outside of the United States.

Excluding shares of treasury stock, Berkshire Hathaway's ownership interest in each of the five companies now averages more than 81⁄2%. This reporting of ownership interest is consistent with how Berkshire Hathaway reports its ownership interest in U.S. based publicly traded companies.

Berkshire Hathaway's intention continues to be to hold its Japanese investments for the long term. Depending on price, Berkshire Hathaway may increase its holdings up to a maximum of 9.9% in any of the five investments. However, Warren E. Buffett, CEO of Berkshire Hathaway, has pledged that the company will make purchases only up to an ownership of 9.9% in any of the five investments. The company will make no purchases beyond that point unless given specific approval by the investee's board of directors."

https://www.berkshirehathaway.com/news/jun1923.pdf

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Author: LiveWire10k ✧  😊 😞
Number: of 15070 
Subject: Re: Going With More Japanese
Date: 06/20/2023 7:00 AM
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Does anyone have a handle on the value of these investments?
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Author: Urspider ⎊  😊 😞
Number: of 15070 
Subject: Re: Going With More Japanese
Date: 06/20/2023 7:36 AM
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+ or - $20B
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Author: LiveWire10k ✧  😊 😞
Number: of 15070 
Subject: Re: Going With More Japanese
Date: 06/20/2023 11:49 AM
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Thanks for the info. I thought that it was a fairly big position.

I'm thinking that the press release was just a courtesy to the investee companies.

One of the reasons BRK will want to stay under 10% is that at 10% I believe that BRK would be taxed on its share of the companies' income.
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Author: WEBspired ✭  😊 😞
Number: of 15070 
Subject: Re: Going With More Japanese
Date: 06/20/2023 12:29 PM
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I am hoping Warren and Greg are using their best Dale Carnegie skills to ultimately land a Really big partnership deal with a couple of them!
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Author: nola622 ✶🐝  😊 😞
Number: of 15070 
Subject: Re: Going With More Japanese
Date: 06/20/2023 12:29 PM
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Does anyone have a handle on the value of these investments?

The market value? About $20 Billion USD for Berkshire. Each company's intrinsic value? No clue.
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