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SoftBank passes Toyota as Japan’s most valuable company (opens in new tab)

SoftBank Group overtook Toyota Motor on Monday to become Japan’s most valuable listed company, ending the automaker’s roughly 22-year run at the top of the Tokyo market by market capitalization. SoftBank’s shares rose sharply in Tokyo trading, with reports putting the gain at more than 11%, over 13% or 14.7% depending on the trading point cited; Stheadline reported a close at ¥8,593 and a market value of ¥49.08 trillion, above Toyota’s ¥45.95 trillion. Investors bought AI-linked shares and fo...

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