Nikon Stock Surges 28% on Sale Rumors with EssilorLuxottica

Nikon's stock price skyrocketed 28% in a week, reaching a five-year high on May 14, 2026, following rumors that its largest shareholder, EssilorLuxottica, is considering acquiring the company. The speculation originated from Japanese business magazine Facta, which reported that Nikon is weighing whether to remain independent or sell to the French-Italian eyewear giant. Nikon posted a record net loss of 86 billion yen (over $542 million) in the last fiscal year. An industry insider told PetaPixel that the potential sale may only involve Nikon's glasses business, not the entire company. EssilorLuxottica, known for Ray-Ban sunglasses, had already raised its stake in Nikon to up to 20% last fall. Nikon recently released single vision eyeglasses in Japan using Nikkor Z technology. Neither company has made an official announcement, but the stock market reaction suggests investors believe a major change is imminent.