kabutan
N225

66,020.04

+2.81%

TOPIX

3,881.96

+1.35%

USDJPY

160.35

+0.25%

SoftBank Group drops over 10% as profit-taking intensifies, TOYOTA MOTOR CORPORATION <7203> reclaims top spot in market capitalization

Thu Jun 4, 2026 11:13 am JST Catalyst

Shares of SoftBank Group Corp. <9984> tumbled more than 10% intraday on Thursday. After hitting an all-time high of 9,074 yen on Tuesday, the stock peaked and entered a correction phase, slipping below the 8,000 yen level on Thursday. Broadcom reported its financial results for the February-April 2026 period on Wednesday, with net sales missing market expectations and causing its shares to plunge in extended trading. U.S. stock index futures also drifted lower in after-hours trading. As selling pressure mounted across AI semiconductor-related stocks, profit-taking accelerated for SoftBank Group, where outstanding margin buying positions had significantly accumulated. Although SoftBank Group's market capitalization had recently overtaken TOYOTA MOTOR CORPORATION <7203> to claim the top position in Japan, it fell back to second place as of Thursday morning. TOYOTA MOTOR reclaimed the top position.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.