Other Mining

Sumitomo Corporation

Berkshire Hathaway Increases Stake in Five Major Japanese Trading Houses

Sumitomo Transfers Ambatovy Nickel Project Shares

Sumitomo Corp Confirms New Deferred Tax Asset, Boosting Profit by About 135 Billion Yen

Sumitomo CEO Says Price Increases Will Boost Profit Growth

Sumitomo Corporation's Business Affected by Middle East Crisis

Sumitomo Corp to Study Bioethanol Export Feasibility from Thailand to Japan

Sumitomo to Evaluate Integration of CEMVITA's Renewable Bio Oil Technology in Brazil

Sumitomo Corp Issues $1 Billion in Senior Unsecured Bonds

Sumitomo Corporation's Ambatovy Nickel Mine Suspends Operations Due to Cyclone

NTT e-Drone Technology and Sumitomo Corporation Collaborate to Promote Japanese Agricultural Drones

Sumitomo Corporation Reports Nine-Month Financial Results

NTT DATA and Sumitomo Corp. form JV to Build Asian Submarine Cable

Irving Resources Announces Gold and Silver Exploration Project in Noto Peninsula, Japan

China Central Power Joins 1GW Renewable Energy Project in Uzbekistan

Mahindra Industrial Cities and Sumitomo Signing Strategic Cooperation Agreement

Sumitomo Corporation USA Invests in Independent Hydrogen Company

Sumitomo Corporation has not repurchased any shares yet, plans to repurchase up to 80 billion yen

Sumitomo's subsidiary completes Egypt's largest onshore wind farm ahead of schedule

Sumitomo Corp's Debt Raises Dilution Concerns

Sumitomo Corp Completes ActivStyle Acquisition to Enhance Healthcare Market Position

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Berkshire Hathaway has increased its stake in Sumitomo Corp. to 10.3% from 9.29%, as per a filing with Japan's Finance Ministry. This move solidifies Berkshire's role as a significant shareholder in the diversified trading company. The increase reflects confidence in Sumitomo's future performance, although the reasons for the increment were not disclosed. Berkshire's investment strategy suggests a long-term accumulation approach in the Japanese market, potentially influencing market perception of Sumitomo's shares.

- Berkshire Hathaway has increased its stake in Sumitomo Corp. to 10.3%, up from 9.29%, based on a filing with Japan's Finance Ministry.  
- This move positions Berkshire as a significant shareholder in Sumitomo, which operates across various sectors, indicating a possible confidence in the company's future performance.  
- While the reasoning behind this increment isn't detailed, such investments by Berkshire often influence market perception and suggest a long-term strategy in the Japanese market.

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Berkshire Hathaway Boosts Stake in Sumitomo Corp. to 10.3%

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Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term.

Barchart Option

Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term.

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Berkshire Hathaway has increased its stakes in Sumitomo Corp. to 10.05% and Marubeni Corp. to 10.10%, raising its total holdings in five Japanese trading houses to over 10%. CEO Greg Abel stated that these investments are intended for the long term. Additionally, Berkshire announced plans to invest approximately $1.8 billion in Tokio Marine Holdings. Other Japanese companies in which Berkshire holds over 10% include Mitsubishi Corp., Itochu Corp., and Mitsui & Co. Ltd.

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Mitsui & Co.,Ltd

Marubeni Corporation

Mitsubishi Corporation

Itochu Corporation

Tokio Marine Holdings

Berkshire Hathaway increases its stakes in two Japanese trading houses

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In a report released today, from Macquarie maintained a Buy rating on Sumitomo, with a price target of Yen7,500.00.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks The word on The Street in general, suggests a Strong Buy analyst consensus rating for Sumitomo with a Yen7,500.03 average price target.

Sumitomo Corporation(8053.JP)

Berkshire Hathaway Boosts Stake in Sumitomo Corp. to 10.3%

Berkshire Hathaway Just Upped Its Stake in Sumitomo Stock. Greg Abel Says It’s Holding for the Long Term.

Berkshire Hathaway increases its stakes in two Japanese trading houses

Macquarie Sticks to Its Buy Rating for Sumitomo (SSUMF)