Berkshire expects 2025 dividend income from its Japanese investments of about $812 million, against interest cost on its yen-denominated debt of about $135 million.

Two figures for calendar 2025, as reported by Berkshire (2025 annual report/10-K or the shareholder letter published in early 2026): (a) dividend income from the Japanese trading-house investments, about $812M; (b) interest cost on yen-denominated debt, about $135M. A figure 'holds' if it is within ±5% of the stated amount; it is 'close' if within ±5–15%. True: both hold. Mostly true: one holds and the other is close, or both are close. Mixed: one holds or is close and the other is more than 15% off. Mostly false: both are 15–30% off. False: both are more than 30% off.

Set before the research began.

1. E1 Berkshire bets more on Japan's top trading houses: Do their fundamentals hold up? By Investing.com Investing.com · 3 September 2026

   “The stance matters because Berkshire earned $862M in dividends from the group during 2025.”

2. E2 Berkshire bets more on Japan's top trading houses: Do their fundamentals hold up? Investing.com · 3 September 2026

   “The stance matters because Berkshire earned $862M in dividends from the group during 2025.”

E1/E2, a single secondary press article, reports that Berkshire earned $862M in dividends from the Japanese trading houses in 2025. That is about 6% above the guided $812M, so it would count as 'close' under the criteria, not 'holds'. No evidence gives the 2025 interest cost on the yen-denominated debt, and the criteria need both figures. Depending on that missing figure, the verdict could be anywhere from mostly true to mixed, and none of the evidence is Berkshire's own 10-K or shareholder letter.