Nikon Corp (TSE:7731) stock soars on EssilorLuxottica stake
Camera and lenses maker from Japan up 20.7% at 1746 yen
Nikon Corporation (TSE:7031) saw its shares jump sharply today, rising 20.7% to 1,746.5 yen, following reports that EssilorLuxottica is considering increasing its stake in the Japanese optical equipment maker.
According to Bloomberg, citing unnamed sources, the Franco-Italian eyewear giant — known for brands like Ray-Ban — is exploring a potential deal to raise its current 8.9% stake to around 20%. While discussions are ongoing, there is no certainty that a transaction will actually take place.
The news has already had a pronounced effect on Nikon’s market performance. Year-to-date, the stock is now up 6.5% in 2025, and the company currently carries a market capitalization of 582 billion yen. Investors may also be drawn to its stable income profile: Nikon offers a dividend yield of 2.9%, paying an unchanged 50 yen per share for fiscal 2024.
EssilorLuxottica would become Nikon’s largest shareholder if the deal goes through, highlighting the growing strategic interest of global eyewear giants in Japanese optical technology. For now, the market is clearly reacting optimistically to the prospect, with today’s surge reflecting heightened investor confidence.
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