Berkshire Hathaway, through its wholly-owned unit National Indemnity Company, has raised its stake in Japan's Mitsubishi Corp (8058.T), opens new tab and Mitsui & Co (8031.T), opens new tab, the companies said on Thursday. Berkshire raised its stake in Mitsubishi to 10.23% from 9.74% previously, the company said in a market disclosure. A Mitsui official confirmed Berkshire had raised its stake, but declined to give a percentage. Its prior stake in Mitsui was 9.82%. Berkshire previously raised its holdings in five Japanese trading houses, including Mitsubishi and Mitsui, in March. Shares in Mitsubishi rose 1.85% and Mitsui was up 1.23% on Thursday, while the benchmark Nikkei (.N225), opens new tab gained 0.73%. Sumitomo Corp (8053.T), opens new tab rose 1.1%, Itochu (8001.T), opens new tab increased 1.15% and Marubeni (8002.T), opens new tab gained 1.17%.
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