# The Nikkei edged down 0.19% to 62,713.65.

*business · news · 2026-05-08 · The Economic Times*

## Key points

- SoftBank Group fell 4.56% following Arm Holdings’ U.S. share slump over AI chip concerns.
- Toyota forecast a 20% drop in annual profit due to Middle East cost and supply risks.
- Sony projected a 6% decline in gaming business sales, citing weaker hardware demand.
- Sumco surged 18% to become the top percentage gainer on the Nikkei.

**Companies:** SoftBank Group, Toyota Motor, Sony Group, Mitsubishi UFJ Financial Group, Mizuho Financial Group, Arm Holdings, Advantest, Sumco
**Countries:** Japan, United States, Iran

[Read the full story on The Economic Times](https://economictimes.indiatimes.com/markets/us-stocks/news/global-markets-japans-nikkei-pulls-back-from-record-high-as-softbank-group-falls/articleshow/130954151.cms)

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