What is Itochu?
Itochu is one of the largest Japanese sogo shosha (general trading company). Among Japanese trading companies, it is distinguished by not being descended from an historical zaibatsu group, but by the strength of its textiles business and its successful business operations in China.
What does Itochu Corporation do?
It has seven major operational divisions specializing in textiles, metals/minerals, food, machinery, energy/chemicals, general products/real estate, and ICT/financial business. Itochu was ranked 72nd on the 2020 list of Fortune Global 500 companies, with an annual trading revenue of US$100 billion.
Who are the big five sogo shosha of Japan?
Warren Buffett’s Berkshire Hathaway has built 5% stakes in Japan’s five biggest “sogo shosha” or general trading companies: Itochu, Marubeni, Mitsubishi, Mitsui, and Sumitomo. Their operations span multiple industries including mining, energy, food, aerospace, retail, real estate, finance, consulting, and logistics.
What 5 stocks Does Warren Buffett Own?
The top five investments in Buffett’s holding company, Berkshire Hathaway, are Apple, Bank of America, Coca-Cola, American Express, and Kraft Heinz. Apple is Berkshire Hathaway’s largest portfolio holding, comprising 49.1% of the portfolio.
What stock did Warren Buffett buy recently?
Stocks that Buffett recently sold
| Stock | Number of Shares Owned | Value of Total Stake |
|---|---|---|
| Chevron (NYSE:CVX) | 23,123,920 | $2.4 billion |
| General Motors (NYSE:GM) | 60,000,000 | $3.6 billion |
| Liberty Global Class C (NASDAQ:LBTYK) | 1,876,522 | $50.7 million |
| Marsh & McLennan (NYSE:MMC) | 4,196,692 | $590.4 million |
Did Warren Buffet invest in Japan?
Buffett spent about $6 billion taking 5% stakes in five Japanese investment companies including Sumitomo, whose roots date back 430 years. What has become clear since the investments is that the 90-year-old Mr. Buffett and Sumitomo have something in common beyond a venerable history.