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Nikon shares rally 20% as EssilorLuxottica mulls higher stake

AuthorAmbar Warrick
Published 27/08/2025, 01:44
ESLX
0.23%
JP225
0.10%
7731
1.80%

Investing.com-- Nikon Corp. (TYO:7731) shares rallied on Wednesday after Bloomberg reported that eyewear giant EssilorLuxottica SA (EPA:ESLX) is considering increasing its stake in the Japanese optical equipment maker.

Nikon shares surged as much as 20% to 1,730.0 yen in Tokyo trade. The stock was the best performer in the Nikkei 225 index, which fell 0.1%. 

Bloomberg reported on Tuesday that Essilor, which makes Ray-Ban sunglasses and other eyewear, was considering increasing its stake in Nikon to around 20%.

Essilor currently holds a 9% stake in Nikon, after steadily increasing its holdings in the Japanese firm over the past year. Reports in late-2024 showed that Essilor views its Nikon investment as a long-term play. 

Nikon shares are trading up about 4.4% so far in 2025, having declined earlier in August after the camera maker logged disappointing earnings.

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