ITOCHU Corporation (IOC.F)

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39.12

-0.98

(-2.44%)

At close: April 4 at 7:09:37 PM GMT+2

Berkshire Hathaway raises stake in these 5 Japanese trading houses

Berkshire Hathaway (BRK-B, BRK-A) has increased its stake in these five Japanese trading houses: Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Madison Mills and Bullseye American Ingenuity Fund portfolio manager Adam Johnson break down Warren Buffett's latest filings and what this investment could mean for Japanese equities. To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

Yahoo Finance Video 19 days ago

BRK-B

SSUMF

SSUMY
Berkshire Hathaway Raises Stakes in Japanese Trading Houses

National Indemnity, a wholly owned unit of Berkshire Hathaway, said that it increased its stakes in the five trading houses by between 1.0% and 1.7%.

The Wall Street Journal 20 days ago

ITOCF

ITOCY

MARUF
Family behind Japan's Seven & i pulls $58 billion buyout bid, shares dive

"There is no actionable proposal from Mr. Junro Ito and Ito-Kogyo for 7&i to consider at this time," the company said in a statement, adding that it "continues to assess a full range of strategic alternatives" including Couche-Tard's $47 billion bid. Couche-Tard, which owns Circle K convenience stores, had offered $38.5 billion, but raised it after Seven & i rejected the initial bid.

Reuters last month

8001.T
Market Chatter: Itochu Withdraws From Seven & i Buyout Planned By Retailer's Founding family, sources say

Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's foundi

PREMIUM
MT Newswires last month

8001.T
Itochu to bow out of Seven & i buyout, Couche-Tard still interested

Japan's Itochu is withdrawing from a buyout for Seven & i Holdings proposed by the retailer's founding family, two sources with knowledge of the matter said, while Canada's Alimentation Couche-Tard reaffirmed its commitment to a takeover. After receiving a takeover bid from Alimentation Couche-Tard last year, Seven & i's founding Ito family began talks to take the convenience store owner private for an estimated $58 billion. The Nikkei newspaper first reported earlier on Wednesday that Itochu had decided not to participate in the buyout.

Reuters last month

8001.T
Japanese trading house stocks climb on Buffett's comments

Japanese trading house stocks gain as Berkshire Hathaway (BRK-B, BRK-A) Chairman and CEO Warren Buffett praises the firms for increasing dividends, conducting share buybacks, offering less aggressive executive pay packages compared to US companies, and their yen balance strategy. Berkshire Hathaway maintain holdings of Mitsubishi (8058.T), Marubeni (8002.T), Mitsui (8031.T), Sumitomo (8053.T), and Itochu shares (8001.T), all of which have outperformed the Nikkei 225 (^N225) in the last five year. Catch up on how Berkshire Hathaway has been adjusting its investment portfolio in recent months, including the firm's five biggest holdings. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

Yahoo Finance Video last month

BRK-B

MITSF

MITSY
ITOCHU Corp Faces a -1.54% Impact in T. Rowe Price Japan Fund's Latest Moves

Exploring the Strategic Adjustments in T. Rowe Price Japan Fund (Trades, Portfolio)'s Portfolio

GuruFocus.com 2 months ago

8001.T
Is Itochu (ITOCY) Stock Undervalued Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 4 months ago

8001.T
ACWA Power and ITOCHU to jointly boost renewable energy investments

The agreement between ACWA and ITOCHU aims to address the energy quadrilemma and accelerate the global energy transition.

Energy Monitor 4 months ago

8001.T
Market Chatter: 7-Eleven Owner Considers Going Private in Japan's Biggest $58 Billion Buyout

Market Chatter: 7-Eleven Owner Considers Going Private in Japan's Biggest $58 Billion Buyout

PREMIUM
MT Newswires 4 months ago

8001.T
Itochu to buy 10.74% stake in CSN’s iron ore producer for $769m

CSN Mineração is said to be the second-highest iron ore producer in Brazil, selling 43 million tonnes (mt) of iron ore in fiscal year 2023 (FY2023).

Mining Technology 4 months ago

8001.T

SID
Is Itochu (ITOCY) a Great Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 4 months ago

8001.T
Is MercadoLibre (MELI) Stock Outpacing Its Retail-Wholesale Peers This Year?

Here is how MercadoLibre (MELI) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

Zacks 4 months ago

MELI

8001.T
Food, FamilyMart boost Japan's Itochu's H1 profit by 6%

TOKYO (Reuters) -Japanese trading house Itochu booked a 6% increase in first-half profits, it said on Wednesday, as a rise in food, textiles and the FamilyMart convenience store chain offset the impact of lower prices on the metals and energy segments. Japanese trading houses have expanded their presence in the retail business, from food to textiles and convenience stores, as diversified portfolios help them to mitigate risks from commodity price fluctuations that became especially marked following the pandemic and Russia's war in Ukraine. For the six months to end-September, net profit grew to 438.4 billion yen ($2.9 billion) from 412.9 billion yen a year earlier.

Reuters 4 months ago

8001.T
Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout

Tokyo's high court has ruled the fair value of FamilyMart shares was 13% higher than Itochu's buyout offer, in another landmark win for minority shareholders with implications for future deals in Japan. The ruling, dated Oct. 31 and reviewed by Reuters, said FamilyMart shareholders that petitioned for a better price should be paid 2,600 yen ($17.08) per share, 300 yen more than the 2,300 yen that Itochu offered for the convenience store chain's shares it did not already own in 2020. The decision, which largely upheld a lower court's ruling, could reopen the door for minority shareholders unhappy with buyouts to get a court decision on a fair price for the target company, a route that had been inactive in Japan since a 2016 court ruling.

Reuters 5 months ago

8001.T
Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Here is how Prosus N.V. Sponsored ADR (PROSY) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

Zacks 5 months ago

PRX.AS

ITOCY
Should Value Investors Buy Itochu (ITOCY) Stock?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 5 months ago

ITOCY
Is a.k.a. Brands Holding Corp. (AKA) Outperforming Other Retail-Wholesale Stocks This Year?

Here is how a.k.a. Brands (AKA) and Itochu Corp. (ITOCY) have performed compared to their sector so far this year.

Zacks 5 months ago

8001.T

AKA
Itochu (ITOCY) Upgraded to Strong Buy: Here's What You Should Know

Itochu (ITOCY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).

Zacks 5 months ago

8001.T
Are Investors Undervaluing Itochu (ITOCY) Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Zacks 6 months ago

8001.T

Performance Overview

Return	IOC.F	Nikkei 225 (^N225)
YTD	-166.02%	-15.33%
1-Year	-24.82%	-15.07%
3-Year	-65.02%	+21.79%

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ITOCHU Corporation (IOC.F)

Berkshire Hathaway raises stake in these 5 Japanese trading houses

Berkshire Hathaway Raises Stakes in Japanese Trading Houses

Family behind Japan's Seven & i pulls $58 billion buyout bid, shares dive

Market Chatter: Itochu Withdraws From Seven & i Buyout Planned By Retailer's Founding family, sources say

Itochu to bow out of Seven & i buyout, Couche-Tard still interested

Japanese trading house stocks climb on Buffett's comments

ITOCHU Corp Faces a -1.54% Impact in T. Rowe Price Japan Fund's Latest Moves

Is Itochu (ITOCY) Stock Undervalued Right Now?

ACWA Power and ITOCHU to jointly boost renewable energy investments

Market Chatter: 7-Eleven Owner Considers Going Private in Japan's Biggest $58 Billion Buyout

Itochu to buy 10.74% stake in CSN’s iron ore producer for $769m

Is Itochu (ITOCY) a Great Value Stock Right Now?

Is MercadoLibre (MELI) Stock Outpacing Its Retail-Wholesale Peers This Year?

Food, FamilyMart boost Japan's Itochu's H1 profit by 6%

Ex-FamilyMart minority shareholders secure another landmark win over Itochu buyout

Is Prosus (PROSY) Stock Outpacing Its Retail-Wholesale Peers This Year?

Should Value Investors Buy Itochu (ITOCY) Stock?

Is a.k.a. Brands Holding Corp. (AKA) Outperforming Other Retail-Wholesale Stocks This Year?

Itochu (ITOCY) Upgraded to Strong Buy: Here's What You Should Know

Are Investors Undervaluing Itochu (ITOCY) Right Now?

Performance Overview