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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A) ❤
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Author: rnam ✧  😊 😞
Number: of 15058 
Subject: Japanese trading firms post solid earnings
Date: 08/03/2023 10:22 PM
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Japan's Warren Buffett-favored trading houses posted strong earnings last quarter, despite a drop in commodity prices over the period and China's disappointing economic rebound.
Mitsubishi Corp., Mitsui & Co. and Sumitomo Corp. beat net-income estimates for the first quarter of Japan's fiscal year as they reported this week. Mitsubishi and Mitsui said they will consider additional shareholder returns depending on future results. Marubeni Corp. and Itochu Corp. will release earnings on Friday.
The results so far should please Buffett, whose Berkshire Hathaway Inc. raised its stake in the five biggest trading houses in June to an average of more than 8.5%.

https://www.bloomberg.com/news/articles/2023-08-04...

https://archive.ph/wip/C4rcS
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