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Greg Abel took over for Warren Buffett at the start of 2026, managing the bulk of Berkshire's portfolio. Abel said there are nine stocks where Berkshire will exhibit limited trading activity.
I continue to assign a "Buy" rating to Sumitomo Corporation after evaluating its latest corporate developments. Making SCSK a fully owned subsidiary should boost its future growth prospects and financial returns. It is actively reshaping its portfolio by divesting underperforming assets; a recent example is the sale of its fresh produce subsidiary Fyffes' melon segment.
I retain a "Buy" rating for Sumitomo Corporation, following an analysis of its latest M&A and cash management approach. SSUMY's acquisition of a stake in Air Lease is expected to boost its future bottom line, and enhance its financial profile in terms of ROE and recurrent income. The company continues to buy back its own undervalued shares, and it is also actively seeking out opportunities to sell non-core assets.
I'm upgrading Sumitomo Corporation to Buy, taking into account cautious management guidance and stock price appreciation potential. I expect an upward revision in earnings guidance after Sumitomo's Q1 FY25 results announcement; the company's current outlook is too conservative and financial contributions from its nickel mine project might surprise on the upside. SSUMY stock trades at a discount to peers on P/B, with visible catalysts including improved capital returns and sustained high ROE supporting a re-rating.
Japan's Sumitomo and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China.
Berkshire Hathaway has increased its stakes in five major Japanese trading houses, nearing the 10% ownership threshold. Warren Buffett's annual letter revealed that these trading houses have agreed to relax ownership limits, allowing Berkshire to expand its holdings. These tradings houses deal internationally in energy, mining, minerals, food & beverage, machinery and specialty chemicals.
Warren Buffett's Berkshire Hathaway (BRK.A)(BRK.B) has reportedly raised its stakes in five of Japan's largest trading houses.
Sumitomo Corporation delivered resilient results, driven by strong performance in mineral resources and offsetting factors in heavy businesses despite challenges in China, the US, and Madagascar. The company's diversified portfolio, including real estate, renewable power, and localized US production, helps mitigate trade threats and cyclical threats. The energy transformation and power generation business is a key growth drivers and cash sink, with plans to increase renewable capacity by 10% annually and strong real estate sales.
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