SoftBank’s market value surpassed Toyota’s on June 1 after its shares rose 14 percent in Tokyo trading. This marks the first time in over two decades that the technology group has held the top spot among Japanese companies.
The surge in SoftBank shares was driven by investor interest in its technology investments. The company is led by Masayoshi Son.
The move pushed SoftBank’s market capitalization ahead of Toyota for the first time since the early 2000s. Trading occurred on the Tokyo Stock Exchange.
This development reflects shifting valuations in Japan’s corporate sector amid broader technology sector gains.