EssilorLuxottica becomes Nikon's largest shareholder with increased stake

Nikon Corporation announced that EssilorLuxottica is now its major and largest shareholder as of October 1, 2025. This follows EssilorLuxottica's acquisition of regulatory clearance to increase its stake in Nikon up to 20% under Japan's Foreign Exchange and Foreign Trade Act. The two companies have maintained a cooperative relationship since establishing a 50:50 joint venture, Nikon-Essilor Co., Ltd., in 2000, focusing on the eyeglass lens business under the Nikon brand.

The change was confirmed by a Large Shareholding Report (Amendment) filed by EssilorLuxottica with the Kanto Local Finance Bureau on October 6, 2025. EssilorLuxottica, headquartered in France with capital of €83 million (as of June 30, 2025), increased its voting rights in Nikon.

Before the change (as of September 10, 2025), EssilorLuxottica held 9.62% of Nikon's total voting rights. After the change (as of October 1, 2025), this increased to 10.75% of total voting rights.