Japan edition · Japanese equities
Mizuho Bank cuts stake in ITOCHU Corporation by $1.6bn
The disposal on 30 September accounts for most of the $1.8bn in reductions disclosed since 6 October.
Mizuho Bank cut its stake in ITOCHU Corporation by $1.6bn, according to a report filed on 7 October. The change, dated 30 September, was the largest among 71 filings lodged by 41 filers since 6 October, during which reductions reached $1.8bn against increases of $230.4mn. Shares in the trading house are down 1.1 per cent since the transaction date.
Trading houses were among the sectors cut most heavily on balance in reports disclosed over the past 30 days. Filers reported $2.2bn of reductions against $370.9mn of increases across 70 filings, leaving $1.8bn of net reductions. Retailers recorded $5.3bn of net reductions.
Banks recorded the largest net additions over the 30-day period, with $3.8bn of net increases across five reports. The total was driven by Rakuten Group raising its stake in Rakuten Bank by $3.8bn on 1 October, filed on 5 October.
Companies in this column: Rakuten Bank, ITOCHU Corporation.