Berkshire Hathaway Raises Stake in Mitsubishi Corp. to Above 10%

By Kosaku Narioka

Warren Buffett's Berkshire Hathaway has increased its stake in trading house Mitsubishi Corp., taking it to more than 10%, the Japanese company said.

Mitsubishi Corp. said Thursday that National Indemnity, a wholly owned unit of Berkshire Hathaway, acquired additional shares of the company to raise its voting rights to 10.2% from 9.7%.

The Japanese company said the Berkshire Hathaway subsidiary informed it of the stake increase.

Berkshire began buying shares of Mitsubishi and four other Japanese trading companies in July 2019. Buffett has praised the companies for their capital use, management and attitude toward shareholders.

The legendary investor told shareholders in his annual letter in February that Berkshire had received the Japanese companies' blessing to increase its stake beyond 9.9%, and that Berkshire's shareholders would likely see the ownership of all five Japanese companies increase somewhat over time.

Berkshire Hathaway in March said it raised its stake in Mitsubishi to 9.7% from 8.3% previously.

Like its peers, Mitsubishi owns or helps run a number of businesses in Japan and abroad.

Mitsubishi said in July that it planned to acquire Norway-based Grieg Seafood's salmon farming operations in northern Norway and Canada for nearly $1 billion, as part of efforts to strengthen its aquaculture business.

On Wednesday, Mitsubishi said it had decided not to proceed with certain Japan offshore wind power projects, citing significant changes in the business environment that led to higher costs.

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

August 28, 2025 02:46 ET (06:46 GMT)