freestrippokeronline| Buffett's favored Japanese trading company Mitsui announced a repurchase of $1.3 billion in stock

Special topicFreestrippokeronlineBuffett's 2024 shareholders' meeting is a big hit.

Warren Buffett favoredFreestrippokeronlineMitsui & Co, a Japanese trading company, announced today that it would buy back up to 200 billion yen ($1.3 billion) of shares and split the shares.

Mitsui said it planned to buy back up to 40 million shares between May 2 and September 20, with the aim of improving shareholder returns.

Mitsui shares have risen more than 40 per cent this year. After the news, Mitsui's share price rose by 2. 5%.Freestrippokeronline.7%.

At the same time, Mitsui also announced that it will split the company's shares at 2:1 in order to lower the share price and attract more shareholders, especially minority shareholders. The split will take effect on July 1.

Data show that Buffett's Berkshire Hathaway owns about 8% of Mitsui products.Freestrippokeronline.3% shares.

Today, Mitsui also released its annual results for the year ended March 31. Revenue was 13.3249 trillion yen, 981.5 billion yen less than in the previous fiscal year. The profit attributable to the company's shareholders was 1.0637 trillion yen, down 66.9 billion yen from the previous fiscal year.