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Nikkei 225 Summary Buffett's Japan trading houses lead gainers; Nikkei falls as Trump tariffs kicks in next week for Canada & Mexico - Tue 25 Feb 2025 Nikkei falls as Trump tariffs looks set to kick in next week for US neighbors Canada & Mexico, possibly impacting more countries from April. Legendary investor Warren Buffett has indicated in his annual letter to Berkshire Hathaway shareholders on Saturday that he intends to increase his investments in Japan's five large trading houses: Mitsubishi Corp, Mitsui & Co, Sumitomo Corp, Itochu Corp and Marubeni Corp., leading to a surge in their stock prices today. Leading losses were chipmakers Tokyo Electron and Advantest as the US works to impose more restrictions on ally Japan for their chip technology services to China. Nikkei225  38,237.79 (-539.15 -1.39%) 113 up 110 down 2 flat JGB 10YR   1.376% (-0.0511)              USD/JPY    149.73 (...

Mitsui & Co., Ltd. (“Mitsui”, head office: Tokyo, President and CEO: Kenichi Hori) announces the acquisition of a 40% interest in the Rhodes Ridge iron ore project in Australia (“Rhodes Ridge”, or “RRJV”). The acquisition is composed of the two transactions stated below, with the total acquisition price for both transactions of 5,342 million USD (approximately 800 billion JPY). A definitive sale and purchase agreement has been signed to acquire VOC Group Limited’s (“VOC”) entire 25% interest *1 in the RRJV. The acquisition price is 3,339 million USD (approximately 500 billion JPY) including stamp duty. The acquisition is planned to be completed within FY March 2026, after the fulfillment of conditions precedent, including obtaining the necessary approvals from relevant authorities. A heads of agreement has been signed with AMB Holdings Pty Ltd (“AMB”) to acquire a 15% interest *1 in the RRJV. The acquisition price will be 2,003 million USD (approximately 300 billion...