Toyota's market cap sets new Japan record, topping bubble-era NTT

Automaker soars as strong earnings draw overseas investors in droves

20240123N toyota logo

Toyota's value has been boosted by price and production increases as well as the weak yen. (Photo by Kazumi Saito)

KENTA SHINOZAKI, KAZUHIRO NOGUCHI and HINAKO SATO, Nikkei staff writers

TOKYO/NAGOYA, Japan -- Toyota Motor has set a new record for market capitalization for a Japanese company, reaching 48.7 trillion yen ($328.8 billion) at the end of Tuesday's trading in Tokyo, as overseas investors flock to blue chips.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.