TOKYO -- Five Japanese trading houses backed by Warren Buffett have posted a combined net profit of 4.2 trillion yen ($31.1 billion) for the fiscal year ended in March, more than quadrupling their earnings in the two years since the famed American investor started holding substantial stakes through Berkshire Hathaway.
Business trends
Buffett-backed Japan trading houses quadruple profit in 2 years
With earnings forecast to dip, shift to decarbonization key to sustained growth
Recent comments by Warren Buffet have spurred global interest in Japan's trading houses. © Reuters
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