Streetbeat News

SSUMF

Sumitomo Corporation

https://www.sumitomocorp.com/

CEO

Masayuki Hyodo

Industry

General Rental Centers

Open

24.50

Mkt cap

30B

Volume

1.1K

High

24.50

P/E Ratio

11.14

52-wk high

28.90

Low

24.40

Div yield

0.03

52-wk low

18.70

Berkshire Hathaway has increased its stakes in Japan's top five trading houses, including Itochu Corp., Marubeni Corp., Mitsubishi Corp., Mitsui & Co. Ltd, and Sumitomo Corp. The stakes now average more than 8.5%, and the aggregate value exceeds Berkshire-held public stocks in any other country outside the U.S.

Portfolio Pulse from Bibhu Pattnaik

June 19, 2023 | 3:11 pm

Warren Buffett's Berkshire Hathaway has seen its stakes in five Japanese companies grow to $17 billion, a gain of about 183%, in less than three years. Investors can follow Buffett's footsteps by investing in Japanese equities through exchange-traded funds such as iShares MSCI Japan ETF (NYSE:EWJ) and WisdomTree Japan Hedged Equity Fund (NYSE:DXJ).

Portfolio Pulse from AJ Fabino

June 14, 2023 | 9:44 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.