Berkshire was reported to intend to hold trading house shares for the long term, while Nitori's strong monthly sales sent its share price sharply higher. Meanwhile, the Nikkei Average fell for a fourth straight day, showing continued volatility.
The Nikkei Average fell for a fourth straight day today, as trading remained sluggish and the overall market continued to move unevenly. Value stocks also traded firmly at times across the broader market.
Regarding Mitsubishi Corporation, it was reported that Berkshire Hathaway CEO Greg Abel intends to hold the shares for decades to come. Multiple reports indicated moves to maintain or increase Berkshire's stake.
Nitori Holdings' August same-store sales rose 4.4% year on year, supported by a 3.3% increase in customer traffic and a 1.1% rise in average spend per customer. Summer sales campaigns and the effect of television commercials were cited as factors driving sales growth.
Mitsubishi Heavy Industries announced that it had signed an MoU with NEC toward a strategic partnership in the defense sector. The companies indicated plans to cooperate in strengthening the defense industrial base and in applying AI and data.