SoftBank dethrones Toyota as Japan’s most valuable company
Equities
Equity markets shuffle as AI reshapes industrial structures in Japan and South Korea
SoftBank’s huge bet on ChatGPT developer OpenAI has lifted the price of its shares, pushing its market cap past that of Toyota. (Source photo by Kazuho Fujiwara)
JADA NAGUMO
June 1, 2026 10:26 JST
Updated on June 1, 2026 16:31 JST
TOKYO — SoftBank Group shares are booming as the AI rally accelerates across global stock markets, pushing the tech conglomerate’s market capitalization past Toyota Motor’s for the first time in more than two decades.
