SoftBank Overtakes Toyota as Japan Most Valuable Company.
SoftBank Surpasses Toyota as Japan’s Most Valuable Company for the First Time Since the Dot-Com Bubble In a historic shift for Japan’s financial landscape, Masayoshi Son’s SoftBank Group Corp. has officially overtaken Toyota Motor Corp. to become the country's most valuable publicly traded company by market capitalization. The milestone unseats the automotive giant from a position it held comfortably for 25 consecutive years. The last time SoftBank commanded the top spot on the Tokyo Stock Exchange was in 2000, at the absolute zenith of the dot-com bubble. Following a massive market rally last week, SoftBank’s market valuation climbed to $247 billion , eclipsing Toyota’s market capitalization, which dipped to $230 billion . SoftBank’s stock price has experienced an explosive surge, skyrocketing over 90% since the beginning of the year. This relentless upward momentum is fueled almost entirely by investor enthusiasm surrounding SoftBank's aggressive, multi-billion-dollar bets o...