Nikon Corporation (Nikon) is pleased to announce the start of construction of a new headquarters with funding from Green Loan*1 for some of the necessary expenses. Construction will begin in July 2022 and is expected to be completed in May 2024.

As previously announced on November 4, 2021, Nikon has planned the construction of a new headquarters on vacant land at the Oi factory premises in Shinagawa-ku, Tokyo. It aims to create an office place that promotes digitization and a workplace that supports flexible working styles. It is also planned to be an environmentally friendly office building rooted in the local community, with a focus on sustainability.

Specifically, the building is designed with a sunshade exterior facade system to reduce the energy needed for air conditioning, in addition to being a structure that promotes natural ventilation and allows abundant daylight inside. In addition, it will be equipped with a VAV (Variable Air Volume) system that responds to the rate of use of the offices. The combination of these systems significantly reduces the amount of energy used by the building and the new headquarters is expected to be ZEB Ready certified*2 and earn BELS’ highest five-star rank*3. The building is also planned to generate renewable energy through a solar power generation system.

A portion of the construction costs for the new headquarters is being financed by Green Loan’s syndicated term loan which is limited to projects in which environmental efficiency is considered. The loan was rated at the highest Green1 (g1/m1) by Japan Credit Rating Agency, Ltd. This shows that the construction of the new headquarters has been assessed as a project in which adequate environmental improvements can be expected and particular attention is paid to avoiding potentially negative effects on environmental and social aspects.

The planned construction site, Oi Plant, is where Nikon has had its base for over 100 years and has produced various products and services. With its new headquarters, Nikon will continuously contribute to a better and sustainable world.

  • *1Green Loans are used to raise funds for domestic and foreign green projects. Features of green loans include allocation exclusively to green projects, while transparency is ensured through post-financing reporting.
  • *2ZEB Ready: Ready for a net zero energy building. A building that achieves a comfortable environment while reducing energy consumption by 50% or more through energy-saving methods compared to that required for ordinary buildings.
  • *3BELS: Building-Habitat energy labelling. The energy performance of buildings and dwellings is assessed and authorized by a third-party body. Performance is scored in five ratings designated by the number of stars.

Overview of the new headquarters

Name: Nikon Corporation Headquarters

Construction site: 5480-1, Nishioi 1-chome, Shinagawa-ku, Tokyo, etc.

Site area: approx. 18,000m2

Total floor space: approx. 42,000m2

Number of floors: 6 floors above ground

Building structure: steel construction, basic seismic isolation structure

Design Architect: Mitsubishi Jisho Design Inc.

Building contractor: HAZAMA ANDO CORPORATION

Schedule (Plan): Start of construction: July 2022
End of construction: May 2024
Start of operations: summer 2024

Green Loan Overview

Contract date: July 7, 2022

Arranger/Agent: MUFG Bank, Ltd.

Amount borrowed: 10 billion yen in total

Uses of funds: construction of an eco-responsible building

Participating banks:

The Joyo Bank, Ltd., The Hyakujushi Bank, Ltd., The Bank of Kyoto, Ltd., The Shiga Bank, Ltd., Sumitomo Mitsui Banking Corporation, Resona Bank, Limited, The 77 Bank, Ltd., Mizuho Bank, Ltd. . ., Shizuoka Bank, Ltd.

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