itochu held a 50.1% stake in the subsidia subsidiary, raising the bid to 57.7%.ily mart is trying to revamp its business model in the face of challenges. the impact from the coronavirus has clouded its business outlook. tough competition from online retailerers and a severee labor shortage add to its trtroubles. itochu plans to u use family mart's customer data when it makes investments in new businesses and aims to reduce logistics costs at the convenience stores. >>> officials at kirin holding say they have scrapped a plan to sell their australia beverage service to a chinese firm. the company cites a low likelihood of gaining approval from australian authorities. k rin decided last year to sell its lion dairy drinks to china for about 420 million u.s. dollars. they ran into difficulty getting the green light from australia officials. they are increasingly at odds over issues related to the coronavirus, and hong kong's political situation. the sale was supposed to be part of drastic reforms at the japanese company. now kirin is seeking a different buyer. >>> a

as for the japanese trading companies they are itoch itochu marubeni, mitt ssubis, h and mitsui and sumitomories between the banks and clients in japan they're huge con glglomerants t import everything and provide services to manufacturers there. berkshire bought these stake over a 12 month period and the company says it's investing for the long haul. berkshire may actually increase it's holdings to a maximum 9.9% in any of the five companies depending on price in the market but he pledged he will not make any purchases beyond that point unless he is specifically given approval by the companies boards of directors, if he is invited in to do it as he has had with some companies in the past berkshire pointed to his long history of massive investments in companies like coca-cola and american express and each of which it's owned for at least two decades and in some cases actually three decades this investment is a big one for berkshire. if you look at the 5% stake in each company it would be valued at about $6.25 billion and if you look at that as one big bet on japan that puts the bet on japan

japanese trade giant itochu corporation hit a new 52 week high today berkshire says it plans to hold the investments for the long-term adding it may increase holdings in any of the stocks up to nearly 10%. coming up on the show, the fda chief says he is willing to fast track the approval of a coronavirus vaccine before trials are finished. we'll have more details on his comments after the break so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this. we do this, together. bounce forward, with comcast business. >>> welcome back to street signs. global coronavirus cases surpass 25 million the country added 78,000 new infections taking the total number past 3.5 million. meanwhile, the united states is fast approaching 6 million cases as several states in the midwest repor

those companies are itochu corporation, marubeni, mitsubishi, mitsui and sumitomo. he acquired them over a 12 month period through regular purchases on the stock exchange. berkshire intends to hold the investments for the long-term and that it may increase the holdings to a maximum of 9.9%. however buffet said that he would not go above the threshold unless given specific approval by the trading companies boards of directors this is a big one. a 5% stake would be valued at about $6.25 billion. and collectively that puts the bet on japan at about his 7th largest holding just above wells fargo based on the most recent regulatory filings he unloaded 25% of the holdings that he had in that company and of course his largest holding is apple. that company has now valued at about $90 billion and this all happened on his 90 birthday. he's constantly changing the way he thinks and the way he invests. he did say this is a bet and the five major trazing companies by the way are very cruci crucial. they import everything from food and textiles and energy into a country scarce i