Toyota Is No Longer Japan's Most Valuable Company: Is The Writing On The Wall For The World's Largest Car

SoftBank Group Corp. (OTC:SFTBY) has overtaken Toyota Motor Corp. (NYSE:TM) as Japan's largest company by market value, as investor demand for artificial intelligence and semiconductor-linked stocks pushed the Nikkei 225 to a record high.

SoftBank Ends Toyota's Long Market Reign

The shift ended Toyota's more than 20-year run as Japan's biggest company by market capitalization and underscored how global investors are rewarding companies tied to AI infrastructure, chips and large technology platforms. Toyota had held the top slot since 2003, when it passed telecoms group NTT Docomo.

SoftBank's market value reached about 47.2 trillion yen, or roughly $296 billion, pulling ahead of Toyota's 45.7 trillion yen, or about $287 billion, after Toyota shares fell 4.8%. The crossover was confirmed during the Tokyo Stock Exchange's mid-session trading.

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