Nikon is spending $159 million to update lens manufacturing

Nikon Corp. has officially commenced the construction of two major new buildings at its Tochigi Nikon subsidiary, marked by a ground-breaking ceremony held on Jan. 7, 2026. Located in Otawara City, Tochigi Prefecture, this expansion represents a significant investment of approximately 25 billion yen and is designed to modernise and reinforce Nikon’s core production capabilities for high-precision optical technology, the ocmpnay said. Tochigi Nikon is responsible for the production of essential optical components and modules. The new facilities will specifically focus on the manufacturing of interchangeable lenses for digital cameras, high-performance objective lenses for microscopes, industrial lenses, and the highly complex projection lenses used in semiconductor lithography systems.

The new 20,000 square metre facilities are part of a ¥100 billion ($640 million) plan to develop new and/or additional production facilities that support all of Nikon’s businesses by 2030, the company said. Tochigi Nikon is a core production base for high-precision optical components and modules used across the Nikon Group, as well as a center for production technology development.