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  4. Menicon
Menicon logo
Healthcare & Pharmaceuticals

Who Owns Menicon?

Menicon is owned by Menicon Co., Ltd., a privately held Japanese contact lens manufacturer founded in 1951 by Kyoichi Tanaka in Nagoya, Japan. The company is not publicly traded and remains under family leadership, with Hidenari Tanaka as Chairman and CEO. Menicon is Japan's first and largest contact lens manufacturer, operating in over 80 countries with approximately 1,900 employees and a portfolio spanning RGP, orthokeratology, and daily disposable lenses.

Parent Company

Menicon Co., Ltd.

Founded

1951

Status

Publicly Traded

Headquarters

Nagoya, Japan

premiumleaderAsia PacificunisexOfficial Website

Who Owns Menicon?

  • Parent Company: Menicon Co., Ltd.
  • Ownership Type: Publicly traded
  • Company Type: Publicly Traded
  • Stock Ticker: TSE: 7780
BrandParent CompanyOwnership Type
MeniconMenicon Co., Ltd.Publicly traded

History of Menicon

  • Founded: 1951
  • Founders: Kyoichi Tanaka

Menicon's story began in 1950, when 19-year-old Kyoichi Tanaka was employed at Tamamizuya, an optical shop in Nagoya. He first heard of contact lenses from the wife of a U.S. Army officer. At the time, contact lenses were virtually unknown in Japan. Through his own research, Tanaka developed the first corneal contact lens in Japan in 1951. A commemorative plaque has been erected at the Tamamizuya location in Nishiki, Naka-ku, Nagoya, to mark the birth of this medical device.

Tanaka founded the company that would become Menicon in February 1951. The company was formally incorporated in July 1957 as Menicon Co., Ltd. In its early years, the company focused on rigid corneal contact lenses, which were the primary contact lens technology available before soft lenses were developed.

A significant milestone in Menicon's history was the merger with Toyo Contact Lens Co., Ltd., which created the new Menicon Co., Ltd. This merger consolidated Menicon's position in the Japanese contact lens market. The company continued to develop rigid gas permeable lens materials, becoming known for high-oxygen-permeability RGP lenses that allowed more oxygen to reach the cornea than earlier rigid materials.

Menicon's expertise in rigid gas permeable lenses became a defining characteristic of the brand. The Menicon Z lens, made from a fluoromethacrylate material, offered high oxygen permeability and became a reference product in the RGP category. Menicon expanded into orthokeratology, developing lenses designed to reshape the cornea during sleep to provide temporary vision correction during the day.

The company's expansion into daily disposable soft lenses came through its Singapore operations. Menicon Singapore Pte. Ltd. was established in 2006 as a manufacturing base for soft contact lenses. In 2007, Menicon acquired the flat pack technology and intellectual property from 1-800 Contacts' ClearLab business. This technology became the basis for the Miru 1day line, which uses a flat pack design allowing the lens to be picked up in the correct orientation.

The Miru 1day UpSide, launched as a next-generation daily disposable, uses a silicone hydrogel material called midafilcon A with MeniSilk Air technology for hydration and NanoGloss Pro technology for surface smoothness. The lens has a Dk/t of 91 and includes a Class 2 UV filter blocking 84 percent of UVA and 96 percent of UVB radiation. A toric version, Miru 1day UpSide Toric, uses an Enhanced Visiostable design for visual stability.

Menicon has also expanded beyond contact lenses into adjacent businesses. The company's business areas now include manufacturing and sales of medical instruments, research and development of intraocular lenses, and new business areas encompassing health care, life care, and veterinary medical businesses. This diversification reflects Menicon's strategy of leveraging its materials science expertise beyond its core contact lens franchise.

The company operates four research institutes and factories in Japan, 18 sales offices, 68 retail locations, and four distribution centers domestically. Internationally, Menicon has subsidiaries across Asia, Europe, and Oceania, with export operations reaching over 80 countries.

About Menicon Co., Ltd.

What does Menicon own?
Menicon owns a portfolio of contact lens brands and manufacturing subsidiaries. The company produces rigid gas permeable lenses under the Menicon brand, daily disposable lenses through ClearLab in Singapore, specialized rigid and soft lenses through NKL in the Netherlands, and specialized contact lenses through Menicon UK. The company also manufactures lens care solutions and is developing intraocular lenses.

Is Menicon publicly traded?
Yes, Menicon Co., Ltd. trades on the Tokyo Stock Exchange Prime Market under ticker 7780. The company is classified in the Precision Instruments industry category and has a fiscal year ending in March. Menicon was founded in February 1951 and incorporated in July 1957.

Who founded Menicon?
Menicon was founded in February 1951 by Kyoichi Tanaka, who developed Japan's first practical corneal contact lens. Tanaka was working at an optical shop when he learned about contact lenses from the wife of a US Army officer. After extensive research, he succeeded in creating a practical lens. He established the Nippon Contact Lens Research Institute in 1952 with his brother and Dr. Mizutani.

What is Menicon's main business?
Menicon manufactures and sells contact lenses and lens care products. The company is the only manufacturer in the world dedicated to all areas of contact lens-related business, including material development, lens design, manufacturing of contact lenses, and production of care solutions. Its products include rigid gas permeable lenses, daily disposables, specialty lenses, and lens care solutions.

What were Menicon's FY2026 financial results?
Menicon reported FY2026 (fiscal year ended March 2026) revenue of 125.6 billion yen, up 3.4% from FY2025. Net income was 5.92 billion yen, up 5.2% from the prior year, with a profit margin of 4.7%. Analysts forecast revenue of approximately 132.4 billion yen for FY2027, representing 3.6% growth.

What is ClearLab?
ClearLab is Menicon's Singapore-based subsidiary that manufactures daily disposable contact lenses. The facility at International Business Park opened in 2011 with an investment of $97 million and was Menicon's first production site outside Japan for daily disposables. ClearLab also houses Menicon's first R&D center in Asia outside Japan.

Where does Menicon manufacture its products?
Menicon manufactures contact lenses in Japan, Singapore, the Netherlands, the United Kingdom, and Malaysia. The Japan facilities produce RGP lenses and other products. ClearLab in Singapore produces daily disposables. NKL in the Netherlands manufactures rigid and soft made-to-order lenses. Menicon UK produces specialized lenses. The new Malaysia smart factory, launched in February 2026, produces silicone hydrogel daily disposables.

  • Founded: 1951
  • Headquarters: Nagoya, Aichi, Japan
  • Company Type: Publicly Traded
  • Stock: TSE: 7780
  • Revenue: 125.6 billion yen (FY2026, fiscal year ended March 2026)
  • Employees: Approximately 1,950

Visit Menicon Co., Ltd. website

View full company profile for Menicon Co., Ltd.

Where Is Menicon Made / Based?

  • Headquarters: Nagoya, Japan
  • Manufacturing / Operations: Japan, Singapore

Menicon Categories & Tags

Contact LensesVision CareRgp LensesSpecialty LensesJapan

Menicon Sustainability & Ethics

Menicon publishes corporate information about its operations through its website but does not publish a comprehensive standalone sustainability report comparable to the publicly traded major manufacturers. The company's manufacturing operations in Japan and Singapore are subject to respective national environmental regulations.

Menicon has not announced a formal net-zero emissions target, science-based emissions reduction commitment, or third-party carbon neutral certification as of August 2026. The company's environmental disclosures focus on manufacturing operations and product design rather than comprehensive carbon accounting.

Contact lens waste is an industry-wide concern. Menicon has not announced a dedicated post-consumer recycling program for its contact lenses comparable to Bausch and Lomb's ONE by ONE program or CooperVision's plastic neutrality initiative. The Miru 1day flat pack design uses less packaging material than traditional blister packs, which the company references as a packaging efficiency benefit, though this has not been independently certified.

Menicon's expansion into veterinary medical and life care businesses reflects a diversification strategy that extends beyond contact lenses. The company's ethical and regulatory compliance is governed by Japanese pharmaceutical and medical device regulations, as well as FDA and equivalent regulations in export markets.

Awards & Recognition

Menicon's founder, Kyoichi Tanaka, is recognized for developing the first corneal contact lens in Japan in 1951. A commemorative plaque at the former Tamamizuya optical shop location in Nagoya marks this achievement. This is a documented historical milestone in Japanese medical device history.

Menicon is described as the only manufacturer in the world dedicated to all areas of contact lens related businesses, including hyper-Dk rigid gas permeable lenses, silicone hydrogel lenses, and multipurpose lens care solutions. This full-spectrum capability is a verifiable claim based on the company's product portfolio.

The Miru 1day Menicon Flat Pack received FDA premarket notification clearance (510(k) number K102895), establishing it as a regulated Class II medical device in the United States. The Miru 1day UpSide line's silicone hydrogel material with Class 2 UV filtering is documented in the product specifications published by Menicon.

Menicon products have not appeared prominently in major consumer contact lens rankings such as the Forbes Vetted 2026 guide or ContactLens.com 2026 rankings, which focus on the major global brands. Menicon's recognition comes primarily from eye care professionals in the specialty and RGP lens segments rather than consumer-facing awards.

Menicon Recalls & Controversies

No major FDA recalls specific to Menicon branded products have been publicly documented in FDA recall databases as of August 2026. Menicon Singapore, the manufacturing entity for the Miru and ClearLab product lines, is registered with the FDA as an active manufacturing establishment and is subject to FDA inspection and quality system regulations.

As a manufacturer of Class II medical devices distributed in the United States, Menicon is subject to post-market surveillance requirements. Any manufacturing deviations would be managed through standard FDA recall procedures. The company's Japanese manufacturing operations are regulated by Japan's Pharmaceuticals and Medical Devices Agency.

No significant controversies, regulatory enforcement actions, or FDA Warning Letters specific to Menicon have been publicly documented in recent years. The company's private ownership and smaller scale relative to the major global manufacturers reduce its public scrutiny profile.

Menicon's 2007 acquisition of ClearLab intellectual property from 1-800 Contacts, and the separate sale of ClearLab manufacturing operations to Mi Gwang Contact Lens, is a matter of public record. This transaction has not generated controversy, and Menicon has operated the ClearLab brand and Singapore manufacturing independently since that time.

Brands Owned by Menicon Co., Ltd.

ClearLabHealthcare Pharmaceuticals

ClearLab

Owned by Menicon Co., Ltd.

Contact lens brand owned by Menicon, headquartered in Singapore, producing biocompatible daily disposable and monthly silicone hydrogel lenses for Asia-Pacific and global markets.

contact-lensesvision-caredaily-disposables
View all brands owned by Menicon Co., Ltd.

Menicon Ownership: Pros & Cons

Advantages

  • +Private ownership allows long-term investment in research and specialty lens development without quarterly earnings pressure
  • +75 years of contact lens manufacturing expertise, including leadership in rigid gas permeable and orthokeratology lenses
  • +Dominant position in the Japanese market with approximately 42 percent domestic market share
  • +Full-spectrum capability across RGP, soft, orthokeratology, and lens care products differentiates Menicon from soft-lens-only competitors
  • +Singapore manufacturing base provides strategic access to growing Asia-Pacific markets

Considerations

  • -Private ownership means financial results are not publicly disclosed, limiting transparency for partners and analysts
  • -Global market share of approximately 5 percent is small relative to the four major manufacturers that control roughly 90 percent of the market
  • -Limited consumer brand recognition outside Japan and specialty lens professional channels
  • -No dedicated post-consumer recycling program comparable to competitors' sustainability initiatives
  • -Smaller scale means fewer resources for marketing and new product launches than publicly traded competitors with billions in revenue

Frequently Asked Questions About Menicon

Sources & Further Reading

  • Menicon Official Website -
  • Menicon Corporate Information -
  • Menicon History -
  • Menicon Worldwide -
  • Miru 1day UpSide Product Page -
  • ClearLab Official Website -
  • FDA Establishment Registration: Menicon Singapore -
  • Global Contact Lens Market Report 2026 -
  • Contact Lens Industry Statistics 2026 -
  • Wikidata: Menicon -

Where to Buy

Disclosure: We may earn commission from purchases
AmazonMenicon on Amazon

Competitors to Menicon

These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.

BrandParent CompanyCountryFoundedMarket PositionPrimary MarketGender Target
AcuvueAcuvue
Johnson Johnson
USA
1987
Mass marketGlobalAll Genders
AlconAlcon
Alcon
Switzerland
1945
LeaderGlobalUnisex
Bausch + LombBausch + Lomb
Bausch Lomb
Canada
1853
LeaderGlobalUnisex
CooperVisionCooperVision
Coopercompanies
USA
1980
LeaderGlobalUnisex
ClearLabClearLabSister Brand
Menicon
Singapore
2006
Mass marketAsia pacificUnisex

Learn More About Competitors

AcuvueHealthcare Pharmaceuticals

Acuvue

Owned by Johnson & Johnson

Acuvue is the world's leading contact lens brand, owned by Johnson & Johnson Vision Care, a division of Johnson & Johnson. The brand covers daily, weekly, and monthly disposable soft contact lenses sold in more than 100 countries.

contact-lensesvision-carejohnson-and-johnson
AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
CooperVisionHealthcare Pharmaceuticals

CooperVision

Owned by The Cooper Companies, Inc.

Global contact lens manufacturer and division of CooperCompanies, known for Biofinity, MyDay, Clariti, and MiSight myopia management lenses. Strong in toric and multifocal fittings.

contact-lensesvision-carecoopervision
ClearLabHealthcare Pharmaceuticals

ClearLab

Owned by Menicon Co., Ltd.

Contact lens brand owned by Menicon, headquartered in Singapore, producing biocompatible daily disposable and monthly silicone hydrogel lenses for Asia-Pacific and global markets.

contact-lensesvision-caredaily-disposables

Competitive Analysis

Market Positioning: Menicon competes with 5 brands in the same categories, ranging from mass market to luxury positioning.

Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.

Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.

Independent Alternatives to Menicon

Looking for brands with different ownership structures? These similar brands are not owned by Menicon Co., Ltd., giving you alternative choices that support different corporate structures.

AlconHealthcare Pharmaceuticals

Alcon

Owned by Alcon Inc.

Independent publicly traded global eye care company headquartered in Geneva, Switzerland, specializing in surgical equipment, contact lenses, and ophthalmic products. Spun off from Novartis in April 2019.

eye-carecontact-lensesophthalmic
Publicly Traded

Alcon operates independently without a large parent corporation.

Bausch + LombHealthcare Pharmaceuticals

Bausch + Lomb

Owned by Bausch + Lomb Corporation

Global eye health company and contact lens manufacturer founded in 1853, known for ULTRA, Biotrue One Day, and INFUSE lens lines. Public on NYSE and TSX under BLCO.

contact-lensesvision-carebausch-lomb
Publicly Traded

Bausch + Lomb operates independently without a large parent corporation.

GE HealthCareHealthcare Pharmaceuticals

GE HealthCare

Owned by GE HealthCare Technologies Inc.

Independent publicly traded healthcare technology company spun off from General Electric in January 2023, providing medical imaging, diagnostics, and healthcare IT solutions globally.

healthcare-technologymedical-imagingdiagnostics
Publicly Traded

GE HealthCare operates independently without a large parent corporation.

HerbalifeHealthcare Pharmaceuticals

Herbalife

Owned by Herbalife Ltd.

Global nutrition and weight-management brand owned by Herbalife Ltd. and sold through independent distributors in more than 90 markets.

nutritiondietary-supplementsweight-management
Publicly Traded

Herbalife operates independently without a large parent corporation.

Novo NordiskHealthcare Pharmaceuticals

Novo Nordisk

Owned by Novo Nordisk

Danish pharmaceutical company specializing in diabetes care and obesity treatment. Founded in 1923, headquartered in Bagsvaerd, Denmark. World leader in diabetes care and a leader in obesity treatment with Ozempic, Wegovy, and the investigational CagriSema. CEO Lars Fruergaard Jorgensen departed in March 2025; interim leadership under board chairman Helge Lund until a permanent CEO is appointed.

pharmaceuticalsdiabetesobesity
Publicly Traded

Novo Nordisk operates independently without a large parent corporation.

PfizerHealthcare Pharmaceuticals

Pfizer

Owned by Pfizer Inc.

American multinational pharmaceutical corporation developing and manufacturing medicines, vaccines, and consumer healthcare products, one of the world's largest pharmaceutical companies.

pharmaceuticalvaccinesmedicines
Publicly Traded

Pfizer operates independently without a large parent corporation.

Menicon Co., Ltd. Stock Information

Jobs at Menicon Co., Ltd.

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Last reviewed: August 25, 2026 · Reviewed by Who Brands Editorial Team