Berkshire Hathaway ECONOMIC

Target: Berkshire Hathaway Inc. Research date: 28 October 2026 Domain: Economic Evidence period: 1952–2026. Research mode: Expanded existing audit, incorporating corporate governance disclosures dated 18 September 2026.

Supply Chain & Sourcing Relationships

Direct supplier relationships

Berkshire Hathaway Inc. owns IMC International Metalworking Companies, whose cutting-tools manufacturing operations include Israel. IMC’s products comprise milling tools, turning and threading tools, drilling tools, carbide inserts and tool holders. Berkshire identifies industrial manufacturers in the automotive, aerospace, engineering and machinery sectors as principal customer groups. The documented relationship is ownership of an Israeli manufacturing operation and its international commercial network, continuing during 2025.¹

Agricultural suppliers

No public evidence identified of a direct procurement contract between Berkshire Hathaway Inc. or its named subsidiaries and Mehadrin, Hadiklaim, Galilee Export or Agrexco successors.

No public evidence identified of Berkshire purchasing Israeli-origin Medjool dates, avocados, citrus, herbs or potatoes through a documented group purchasing arrangement.

Importer-of-record structure

Berkshire’s 2025 Form 10-K identifies IMC regional warehouses in Israel, the United States, Belgium, South Korea, Japan and China. The company describes an international manufacturing and distribution network serving industrial customers. The filing does not identify the legal importer of record for individual cross-border transactions.¹

No public evidence identified of a dedicated Berkshire agricultural importing subsidiary for Israeli produce.

Seasonal sourcing

No public evidence identified of recurring December–April procurement of Israeli agricultural products by Berkshire Hathaway Inc. or its subsidiaries.

Third-party distribution

ISCAR’s corporate materials describe an international group supplying customers through related companies and representatives in more than 60 countries. Berkshire’s 2025 Form 10-K independently identifies IMC’s international sales network and regional warehouses, including Israel. These disclosures establish international industrial distribution but do not identify individual transactions involving settlements.^{1, 2}

Named commercial act record

• Acting entity: Berkshire Hathaway Inc.; beneficiary: IMC International Metalworking Companies B.V. and its operating companies; channel: corporate acquisition announcement published on berkshirehathaway.com; earliest observation: 5 July 2006; latest ownership confirmation: Berkshire’s 2025 annual filing; status: continuing ownership, with a subsequent ownership increase in 2013; audience: public investors and readers of the corporate announcement; communication duration: original announcement remains available as an archival record, while its transaction statements concern 2006.^{3, 1, 4}
• Acting entity: ISCAR Ltd.; beneficiaries: international industrial customers; channel: corporate descriptions on iscar.co.il and iscar.com; earliest historical business observation: 1952; latest accessible corporate descriptions: October 2026 research; status: continuing business representation; individual customer contract dates and distribution volumes were not disclosed.^{5, 2}
• Acting entity: IMC International Metalworking Companies; beneficiaries: industrial customers; channel: Berkshire’s SEC annual disclosure on sec.gov; observation: fiscal 2025; status: continuing at the reporting date; specific recipient names and contract values were not disclosed.¹

Product Origin, Labeling & Regulatory Compliance

Product origin

Berkshire’s fiscal-2025 Form 10-K identifies Israel among IMC’s principal manufacturing countries and states that a large portion of IMC’s products are manufactured there. The same filing identifies other principal manufacturing locations in the United States, South Korea, Japan, Germany, Italy, Switzerland, India, China, Mexico and Hungary.¹

ISCAR’s own corporate history identifies its headquarters in the Tefen Industrial Zone in Western Galilee and describes the company’s expansion from Israeli manufacturing into international production.⁵

Settlement-origin products

No public evidence identified establishing that Berkshire Hathaway Inc., ISCAR Ltd. or another named subsidiary sourced a specific product from an Israeli settlement in the West Bank, East Jerusalem or occupied Golan Heights.

No verified settlement-origin agricultural product or shipment was established.

Country-of-origin labelling

No public evidence identified of a Berkshire-specific regulatory citation, enforcement decision or customs ruling concerning the mislabelling of settlement-produced goods as originating in Israel.

No public evidence identified of a confirmed Berkshire-specific violation of UK, EU or other settlement-origin labelling requirements.

Corporate labelling policy

Berkshire’s 2025 Form 10-K describes IMC’s general commitment to applicable government and environmental rules and laws. It does not establish a specific public policy governing the origin labelling of goods manufactured in occupied territory.¹

No public evidence identified of a Berkshire group policy expressly addressing settlement-origin product labelling.

Act record

• Acting entity: IMC International Metalworking Companies; beneficiaries: customers purchasing industrial tooling; channel: Berkshire’s public SEC filing on sec.gov; observation: fiscal 2025; status: manufacturing activities continuing as disclosed; individual product-origin labels, manufacturing batches and shipment recipients were not identified.¹
• Acting entity: ISCAR Ltd.; beneficiaries: customers and suppliers; channel: ISCAR corporate purchasing overview on iscar.co.il; historical period: 1952 onward; accessible corporate description: October 2026; status: continuing corporate representation, although individual production-site dates are not specified.⁵

Investment, Capital & Financial Exposure

Foreign direct investment - initial acquisition

On 5 July 2006, Berkshire Hathaway Inc. announced completion of its acquisition of 80% of the ISCAR Metalworking Companies. The transaction valued IMC at approximately US$5 billion. The remaining 20% belonged to the Wertheimer family. The announcement stated that IMC would continue operating under existing management from Tefen, Israel. [pre-2020].³

The consideration implied by the 80% acquisition was approximately US$4 billion, consistent with Berkshire’s contemporary description of the transaction. [pre-2020].³

Acquisition of remaining ownership

Berkshire’s Form 10-Q for the period ending 30 June 2013 states that Berkshire acquired the remaining noncontrolling interests of IMC International Metalworking Companies B.V. on 29 April 2013 for US$2.05 billion. Following the transaction, Berkshire owned 100% of that company. [pre-2020].⁴

The transaction was also recorded in Berkshire’s subsequent 2013 SEC quarterly disclosures, corroborating the acquisition date, ownership change and consideration. [pre-2020].^{6, 7, 8}

Acquired Israeli operating company - ISCAR Ltd.

• Operating company: ISCAR Ltd.; Israeli incorporation and continued subsidiary status are documented in Berkshire’s fiscal-2025 subsidiary disclosure.⁹
• Founding: 1952, by Stef Wertheimer. [pre-2020].⁵
• Israeli headquarters: Tefen Industrial Zone, Western Galilee.⁵
• Initial Berkshire acquisition: July 2006.³
• Initial ownership: 80% of the IMC group.³
• Initial group valuation: US$5 billion.³
• Remaining ownership acquired: April 2013.⁴
• Additional consideration: US$2.05 billion.⁴
• Present group ownership: Berkshire’s 2013 filing established 100% ownership of IMC B.V., while the 2025 subsidiary exhibit continues to identify ISCAR Ltd. as an Israeli subsidiary.^{9, 4}
• Manufacturing: Israeli production remained active in fiscal 2025.¹
• Market position: IMC is described in Berkshire’s 2025 annual filing as one of the three largest multinational manufacturers of consumable precision carbide cutting tools.¹
• Revenue: approximately US$4.1 billion worldwide for IMC in 2025; separate ISCAR Ltd. revenue was not disclosed.¹
• Israeli employment: no public evidence identified establishing a current audited company-specific total.
• IDF or defence procurement: no public evidence identified establishing an attributable contract.
• Settlement operations: no public evidence identified establishing a named settlement operation.

Other acquired Israeli operating companies

Berkshire’s 2023, 2024 and 2025 subsidiary exhibits identify ISCAR Ltd. as an Israel-domiciled subsidiary and list a wider international industrial group. These exhibits are subject to subsidiary disclosure requirements and do not independently prove that ISCAR is Berkshire’s only Israeli operating company.^{9, 10, 11}

No second independently verified Israeli operating-company acquisition was established from the reviewed materials.

Relevant IMC group entities

Berkshire’s 2025 subsidiary exhibit identifies IMC International Metalworking Companies Inc. in Delaware, ISCAR Ltd. in Israel, TaeguTec Ltd. in South Korea, Tungaloy Corporation in Japan and Ingersoll group entities in the United States and Germany. These are named legal entities or group businesses and do not establish that each operates in Israel.⁹

The 2020 US Treasury settlement agreement identifies IMC International Metalworking Companies B.V. as a Netherlands-headquartered, indirectly wholly owned Berkshire subsidiary and confirms the presence of ISCAR Ltd. within the controlled international group.¹²

Research and development

Berkshire’s 2025 Form 10-K states that IMC employs scientists and engineers who develop cutting tools addressing customer manufacturing requirements. ISCAR’s own corporate description attributes product development to its employees and technological innovation. Neither reviewed source provides a separate monetary total for research expenditure in Israel.^{1, 5}

No public evidence identified of a separately incorporated Berkshire Israeli accelerator, venture-capital programme or independently named technology laboratory outside the documented IMC operations.

Corporate investment portfolio

Berkshire files periodic Form 13F institutional investment disclosures. The reviewed SEC records cover selected reporting periods from 2025 through the second quarter of 2026. These disclosures concern reportable securities holdings and are distinct from Berkshire’s wholly owned industrial operations.^{13, 14, 15, 16, 17, 18}

No specific material investment in an Israeli-domiciled listed company was established in this audit from those filing records.

No public evidence identified establishing a material Berkshire holding of Israeli sovereign bonds or an Israel-focused private investment fund.

Financing the Israeli state

No public evidence identified of Berkshire Hathaway Inc. acting as lead underwriter, bookrunner or arranger of Israeli sovereign or war bonds.

No public evidence identified of Berkshire acting as a Development Corporation for Israel bond-selling intermediary.

No attributable insurance policy, direct loan or trade-finance facility was verified that identified the Israeli military, an OHCHR-listed settlement enterprise or an Israeli defence prime as its recipient.

Controlling-principal investment exposure

Berkshire’s March 2026 proxy identifies Warren E. Buffett as the company’s largest shareholder, with approximately 30.0% voting interest and 13.7% economic interest. Its September 2026 announcement subsequently changed his board position without reporting replacement beneficial-ownership percentages.^{19, 20}

Berkshire’s September 2026 announcement identifies Howard G. Buffett as Chairman of the Board and as Chairman and Chief Executive Officer of the Howard G. Buffett Foundation since 1999.²⁰

No public evidence identified establishing a distinct material personal Israeli-company investment, sovereign-financing transaction or settlement-related financial commitment by Warren E. Buffett, Howard G. Buffett, Gregory E. Abel or another named Berkshire director.

No public evidence identified establishing an attributable Israeli settlement, military or sovereign-financing transaction by the Howard G. Buffett Foundation.

Act records

• Acting entity: Berkshire Hathaway Inc.; beneficiary: former Wertheimer-family shareholders and the acquired IMC business; channel: corporate acquisition announcement on berkshirehathaway.com; date: 5 July 2006; status: transaction completed; ownership relationship subsequently increased to 100% in April 2013; announcement addressed the public investor audience and remains accessible as an archival record. [pre-2020].^{3, 4}
• Acting entity: Berkshire Hathaway Inc.; beneficiary: selling noncontrolling shareholders of IMC International Metalworking Companies B.V.; channel: SEC Form 10-Q on sec.gov; transaction date: 29 April 2013; consideration: US$2.05 billion; status: completed; public disclosure subsequently repeated in 2013 filings. [pre-2020].^{4, 6}
• Acting entity: Berkshire Hathaway Inc.; beneficiaries: shareholders receiving regulated portfolio disclosures; channel: SEC Form 13F records on sec.gov; observations: 2025–2026; status: periodic reporting continuing through the quarter ended 30 June 2026; these filings do not establish unreported private-company investments or sovereign-bond holdings.^{13, 14, 15, 16, 17, 18}

Operational Presence & Market Activity

Israeli headquarters and production

ISCAR Ltd. was founded in Israel in 1952 and subsequently established its headquarters in the Tefen Industrial Zone in Western Galilee. Its corporate history identifies Israel as the original location of manufacturing operations and describes the company’s expansion into international production. [pre-2020].⁵

ISCAR’s current group overview continues to identify Israel as ISCAR’s headquarters location.²

Berkshire’s 2025 Form 10-K independently confirms that Israel remains a primary IMC manufacturing location and that a large portion of IMC’s products are manufactured there.¹

Warehousing and logistics

IMC’s 2025 corporate disclosure identifies Israel as one of six locations for its regional central warehouse system, alongside the United States, Belgium, South Korea, Japan and China.¹

Manufacturing and market scale

Berkshire’s 2025 filing describes IMC as one of the three largest multinational manufacturers of consumable precision carbide metal-cutting tools. It identifies automotive, aerospace, engineering and machinery manufacturers as major customer groups.¹

The filing reports worldwide IMC revenue of approximately US$4.1 billion in 2025, compared with approximately US$3.9 billion in 2024. These figures are international group revenues and cannot be treated as Israeli domestic turnover.¹

Continuity during regional conflict

Berkshire’s fiscal-2025 Form 10-K states that a large portion of IMC’s products are manufactured in Israel and reports that its Israeli operations had not been significantly affected by regional conflicts. This confirms an operating footprint after 19 July 2024 and after November 2024.¹

The disclosure establishes ongoing Israeli industrial operations but does not specify involvement with the Israeli military or settlements.¹

Workforce

Berkshire reported approximately 387,800 employees across its global subsidiaries at 31 December 2025. The figure covers the entire international conglomerate and is not an Israeli headcount.¹

No public evidence identified establishing an audited 2025 or 2026 employee count exclusively for ISCAR’s Israeli operations.

Tax and regulatory registration

Berkshire’s subsidiary exhibit dated 31 December 2025 identifies ISCAR Ltd. as domiciled in Israel.⁹

No public evidence identified establishing ISCAR’s current Israeli PTE tax status, a specific tax-incentive award, corporate income-tax payment or effective Israeli tax rate.

Government contracts and military procurement

No independently verified dated Israeli government or IDF procurement contract was established for ISCAR Ltd.

No public evidence identified establishing an Israeli military end-user contract, named weapon system, specific contract value or defence procurement tender awarded to ISCAR.

Settlement presence

No public evidence identified of an attributable ISCAR factory, office, warehouse, retail outlet or authorized-distributor branch situated within a specific settlement in the occupied West Bank, East Jerusalem or occupied Golan Heights.

No public evidence identified establishing specific IMC product sales to named settlement businesses.

Market characterization

Berkshire’s 2025 disclosure identifies Israel as a major IMC manufacturing location and comments on the continuity of its Israeli operations. The report does not disclose Israel-specific revenue or expressly designate Israel as Berkshire’s overall strategic growth market.¹

Act records

• Acting entity: ISCAR Ltd.; beneficiaries: industrial customers; channel: its corporate descriptions on iscar.co.il and iscar.com; historical founding: 1952; latest observed corporate description: October 2026; status: continuing headquarters and industrial operations; individual customer identities and transaction dates are not disclosed.^{5, 2}
• Acting entity: IMC International Metalworking Companies; beneficiaries: international industrial customers; channel: Berkshire’s 2025 annual filing on sec.gov; observations: 2024–2025 financial periods; status: continuing; worldwide revenue approximately US$4.1 billion in 2025.¹
• Acting entity: IMC International Metalworking Companies; beneficiaries: customers receiving products through regional warehouses; channel: Berkshire’s fiscal-2025 SEC filing; observation: 2025; status: continuing at the reporting date; individual warehouse operators and shipping routes are not separately disclosed.¹

Corporate Structure & Foundational Ties

Founding history

Berkshire Hathaway Inc. is a Delaware-incorporated US holding company headquartered in Omaha, Nebraska. It was not founded in Israel.^{19, 12}

ISCAR was founded in Israel in 1952 by Stef Wertheimer and later became part of Berkshire’s international manufacturing portfolio. [pre-2020].⁵

Headquarters and domicile

Berkshire’s SEC records identify Delaware as the parent’s state of incorporation and 3555 Farnam Street, Omaha, Nebraska, as its principal business address.^{13, 12}

Berkshire’s 2025 subsidiary exhibit identifies ISCAR Ltd. as an Israel-domiciled company, while the 2020 Treasury settlement identifies the intermediate IMC B.V. parent as headquartered in the Netherlands.^{9, 12}

Israeli-Nexus factors

• Israeli founding: Berkshire Hathaway Inc. - no; ISCAR Ltd. - yes, founded in 1952.^{5, 12}
• Israeli headquarters: Berkshire Hathaway Inc. - no; ISCAR Ltd. - yes, Tefen, Israel.^{5, 13}
• Israeli tax residency or PTE status: ISCAR has Israeli corporate domicile, but specific PTE qualification was not verified.⁹
• Israeli beneficial ownership or control of Berkshire: no public evidence identified; Berkshire’s March 2026 proxy identifies Warren Buffett as its largest shareholder with approximately 30.0% voting interest and 13.7% economic ownership.¹⁹
• Israeli operating-company control by Berkshire: Berkshire’s 2013 filing records 100% ownership of IMC B.V., the parent of ISCAR; the Israeli subsidiary remains listed in 2025 ownership disclosures.^{9, 4}

Executive and board succession - October 2026 update

Until 31 December 2025, Warren E. Buffett served as both Berkshire Hathaway’s Chief Executive Officer and Chairman of the Board. Gregory E. Abel succeeded Warren Buffett as CEO on 1 January 2026, while Warren initially continued as Chairman.¹⁹

On 18 September 2026, Berkshire Hathaway announced that Warren E. Buffett became Chairman Emeritus, effective immediately, and would remain a member of the Board of Directors. The Board elected Howard G. Buffett as Chairman on the same date.²⁰

Howard G. Buffett had served as a Berkshire director since 1993. Berkshire’s September 2026 announcement also confirmed that Susan L. Decker would continue as Lead Independent Director.²⁰

The September 2026 announcement identifies Gregory E. Abel as Berkshire’s continuing Chief Executive Officer.²⁰

Accordingly, the verified governance position as of 28 October 2026 is Warren E. Buffett as Chairman Emeritus and director, Howard G. Buffett as Chairman, Gregory E. Abel as CEO and Susan L. Decker as Lead Independent Director.²⁰

Controlling shareholder

Berkshire’s March 2026 proxy identified Warren E. Buffett as its largest shareholder, reporting approximately 30.0% voting interest and 13.7% economic ownership. The company stated that he could be deemed its controlling shareholder.¹⁹

The 18 September 2026 announcement changed Warren Buffett’s board position but did not provide revised voting or economic ownership percentages.²⁰

No public evidence identified establishing that the September 2026 chairmanship succession transferred Warren Buffett’s controlling shareholding to Howard Buffett.

Named controlling principals and directors - economic-domain search record

• Warren E. Buffett - largest shareholder, Chairman Emeritus and director as of 28 October 2026; searched personal Israeli investments, philanthropy, defence and settlement financing; controlling corporate position confirmed, but no separately attributable material personal Israeli investment established.^{19, 20}
• Howard G. Buffett - Chairman from 18 September 2026 and director since 1993; searched personal investments, foundation activity, Israeli financing and settlement relationships; governance and foundation leadership confirmed, but no separately attributable material Israeli investment established.^{19, 20}
• Gregory E. Abel - CEO from January 2026; searched Israeli investments, infrastructure, defence and settlement relationships; no separately attributable material Israeli investment established.^{19, 20}
• Susan L. Decker - Lead Independent Director; searched Israeli investments and board relationships; continuation in office confirmed in September 2026, with no separately attributable material Israeli economic transaction established.^{19, 20}
• Susan A. Buffett - director; searched private foundations and Israeli investment relationships; searched, none found.¹⁹
• Stephen B. Burke - director; searched Israeli investments and defence-industry relationships; searched, none found.¹⁹
• Kenneth I. Chenault - director; searched Israeli financial and investment relationships; searched, none found.¹⁹
• Christopher C. Davis - director; searched Israeli portfolio and fund exposure; searched, none found.¹⁹
• Charlotte Guyman - director; searched Israeli investments and institutional relationships; searched, none found.¹⁹
• Ajit Jain - Berkshire senior executive and board nominee; searched Israel-related insurance and financial relationships; no attributable Israeli state, military or settlement insurance transaction established.¹⁹
• Thomas S. Murphy Jr. - director; searched Israeli investments and commercial relationships; searched, none found.¹⁹
• Wallace R. Weitz - director; searched Israeli funds and investment holdings; searched, none found.¹⁹
• Meryl B. Witmer - director; searched Israeli investments and board relationships; searched, none found.¹⁹
• Stef Wertheimer - ISCAR founder; searched Israeli industrial ownership and historical corporate relationships; confirmed founding of ISCAR in 1952. [pre-2020].⁵
• Eitan Wertheimer - former ISCAR chairman and selling shareholder-family principal; searched Israeli investments and manufacturing ownership; confirmed leadership during Berkshire’s 2006 acquisition. [pre-2020].³
• Jacob Harpaz - ISCAR CEO at the 2006 transaction; searched industrial investments and defence relationships; historical management position confirmed; current role and separate personal investments not verified. [pre-2020].³

Integrated entity search record

• Berkshire Hathaway Inc. - US parent; searched acquisitions, sovereign finance, portfolio holdings and Israeli operations; documented ownership of IMC.^{3, 4}
• IMC International Metalworking Companies B.V. - intermediate Netherlands parent of ISCAR; searched ownership, manufacturing and regulatory records; wholly owned by Berkshire following the April 2013 acquisition.^{4, 12}
• ISCAR Ltd. - Israeli operating subsidiary; searched manufacturing, defence supply, settlements and capital investment; substantial Israeli manufacturing confirmed.^{1, 9}
• IMC International Metalworking Companies Inc. - Delaware subsidiary; searched Israeli operations and commercial relationships; legal group membership confirmed; no separately attributable settlement transaction established.⁹
• BH-IMC Holdings Inc. - historical holding entity; searched group ownership and Israeli operations; identified in historical SEC subsidiary disclosure; current intermediate ownership role not independently established.²¹
• TaeguTec Ltd. - South Korean IMC subsidiary; searched Israeli manufacturing, defence and settlement activities; group membership confirmed; no separate Israeli settlement activity established.^{9, 2}
• Ingersoll Cutting Tool Company Inc. - US subsidiary; searched Israel distribution and defence procurement; group membership confirmed; no specific Israeli defence contract established.⁹
• Ingersoll Werkzeuge GmbH - German subsidiary; searched Israel procurement and manufacturing; group membership confirmed; no settlement operation established.^{9, 12}
• Tungaloy Corporation - Japanese group subsidiary; searched Israeli operations and defence procurement; group membership confirmed; no separately attributable settlement contract established.^{9, 2}
• ISCAR Turkey - Turkish subsidiary; searched corporate control and regulatory activity; IMC ownership and historical sanctions-related transactions documented; no separate Israeli settlement relationship established.¹²
• Tool-Flo Manufacturing Inc. - US IMC subsidiary; searched Israeli industrial relationships; group membership confirmed; no separate Israeli transaction established.¹²
• UOP S.p.A. - Italian IMC subsidiary; searched Israeli industrial relationships; group membership confirmed; no separate settlement transaction established.¹²
• NTK - IMC product brand; searched Israeli manufacturing and defence relationships; brand membership confirmed; individual Israeli contract not established.¹
• Howard G. Buffett Foundation - charitable foundation chaired and managed by Howard G. Buffett since 1999; searched institutional Israeli investment and financial relationships; foundation leadership confirmed, but no specific Israeli state, military or settlement financing transaction established.²⁰

Institutional and state relationships

Berkshire’s 2025 annual filing identifies IMC’s industrial activity in Israel but does not establish Israeli state ownership or a government-appointed director of Berkshire Hathaway Inc.¹

No public evidence identified of an Israeli government golden share, veto right or statutory control mechanism over Berkshire Hathaway Inc.

No public evidence identified of a verified Israeli state ownership stake in ISCAR Ltd.

Regulatory record

A 2020 US Treasury settlement agreement identifies Berkshire Hathaway Inc., IMC International Metalworking Companies B.V. and ISCAR Turkey as parties to a sanctions-related matter. It records transactions involving Iran between December 2012 and January 2016 and corroborates the group’s international ownership structure. This historical regulatory evidence does not independently establish Israeli defence or settlement activity.¹²

Governance and ownership act records

• Acting entity: Berkshire Hathaway Inc.; beneficiary: IMC International Metalworking Companies B.V.; channel: 2013 SEC disclosure on sec.gov; dated action: 29 April 2013; status: acquisition completed, with wholly owned group status subsequently recorded in 2020; public audience: investors and regulators. [pre-2020].^{4, 12}
• Acting entity: Warren E. Buffett; recipient: Berkshire Hathaway Inc. as shareholder-controlled corporation; channel: Berkshire’s March 2026 SEC proxy statement on sec.gov; observation: March 2026; status: controlling shareholding documented at that reporting date; public audience: shareholders and proxy readers; subsequent chairmanship change recorded separately.^{19, 20}
• Acting entity: Berkshire Hathaway Inc., through its Board of Directors; recipient: Warren E. Buffett; channel: corporate announcement on berkshirehathaway.com; dated action: 18 September 2026; status: Warren appointed Chairman Emeritus effective immediately and retained as director; communication addressed investors and the general public and remained accessible in October 2026.²⁰
• Acting entity: Berkshire Hathaway Inc., through its Board of Directors; recipient: Howard G. Buffett; channel: corporate announcement on berkshirehathaway.com; dated action: 18 September 2026; status: elected Chairman of the Board, with no subsequent reversal identified in the reviewed corporate announcements; public audience: shareholders and other readers of the announcement.²⁰
• Acting entity: Berkshire Hathaway Inc.; recipient: Gregory E. Abel; channel: SEC proxy on sec.gov and corporate announcement on berkshirehathaway.com; effective CEO succession date: 1 January 2026; latest confirmation: 18 September 2026; status: continuing CEO at the latest verified disclosure; audience: shareholders and public investors.^{19, 20}
• Acting entity: Berkshire Hathaway Inc.; recipient: Susan L. Decker; channel: September 2026 corporate announcement on berkshirehathaway.com; observation: 18 September 2026; status: continuing Lead Independent Director; public audience: shareholders and general readers.²⁰
• Acting entity: Howard G. Buffett; beneficiary: Howard G. Buffett Foundation; channel: Berkshire corporate announcement on berkshirehathaway.com; reported institutional leadership period: since 1999; latest observation: September 2026; status: Chairman and CEO of the foundation at the reporting date; individual foundation payments and Israeli recipient relationships were not disclosed.²⁰

Profit Repatriation & Economic Contribution

Revenue attribution

Berkshire’s 2025 Form 10-K reports approximately US$4.1 billion of IMC worldwide revenue in fiscal 2025, compared with US$3.9 billion in fiscal 2024. The figures include the group’s international business and are not an Israel-only revenue measure.¹

Berkshire’s 2025 filing also states that a large portion of IMC’s products are manufactured in Israel, establishing that Israeli production participates in the broader international revenue-generating business.¹

No public evidence identified establishing a separately disclosed annual revenue figure attributable exclusively to customers located in Israel.

Profit flows

Berkshire’s 2013 acquisition of the remaining IMC noncontrolling interests established complete ownership of the intermediate IMC holding company. The 2020 Treasury agreement subsequently identifies the Netherlands-headquartered IMC B.V. company as indirectly wholly owned by Berkshire, while identifying ISCAR Ltd. as an Israeli subsidiary.^{4, 12}

These legal ownership relationships establish the corporate channels through which dividends or other intercompany distributions could be made, but the reviewed sources do not quantify actual ISCAR-to-IMC or IMC-to-Berkshire transfers.^{4, 12}

No public evidence identified establishing the amount of dividends, royalties, management fees or other profits transferred from Israeli ISCAR operations to Berkshire’s US parent during 2024, 2025 or 2026.

Israeli employment and taxation

Berkshire’s current ownership disclosures confirm that ISCAR remains an Israel-domiciled subsidiary, and its 2025 Form 10-K confirms ongoing manufacturing in Israel.^{1, 9}

No verified current ISCAR-specific Israeli payroll, tax payment or employment total was established.

No public evidence identified of a specific Israeli government grant, PTE tax benefit or tax-incentive value received by ISCAR during the period examined.

Economic ecosystem role

Berkshire’s 2025 annual report describes IMC as one of the three largest multinational manufacturers of consumable precision carbide cutting tools. It identifies Israel as a primary manufacturing country and states that a large portion of the group’s products are manufactured there.¹

ISCAR’s corporate history records its founding in 1952 and development from an Israeli manufacturer into an international industrial business. [pre-2020].⁵

No independently verified government designation identifying ISCAR as Israeli critical national infrastructure was established.

Continuity after July and November 2024

Berkshire’s fiscal-2025 disclosure confirms continuing IMC manufacturing operations in Israel, with the company reporting that regional conflict had not significantly affected those operations.¹

The documented operating activity therefore extends beyond 19 July 2024 and November 2024. The specific legal and commercial status of any potential transactions involving occupied territory remains unverified.¹

Act records

• Acting entity: IMC International Metalworking Companies; beneficiaries: worldwide customers and the Berkshire ownership structure; channel: Berkshire’s 2025 Form 10-K on sec.gov; financial observation: fiscal 2025, with 2024 comparison; status: continuing operations at the reporting date; worldwide revenue: approximately US$4.1 billion; Israeli-only revenue and distribution flows not separately disclosed.¹
• Acting entity: Berkshire Hathaway Inc.; beneficiary: its ownership interests in IMC; channel: SEC quarterly disclosures; dated transaction: 29 April 2013; status: completed acquisition of remaining minority interests; financial consideration: US$2.05 billion. [pre-2020].^{4, 7, 8}
• Acting entity: ISCAR Ltd.; beneficiaries: industrial customers and suppliers; channel: corporate materials on iscar.co.il and iscar.com; historical period: from 1952; latest accessible corporate representation: October 2026; status: continuing Israeli industrial enterprise; individual Israeli tax receipts, customer payments and outbound dividends were not verified.^{5, 2}