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Revision of Dividend Policy For the Year Ended March 31, 2007

Japanese

May 16, 2008

Notice on Dissolution and Liquidation of Subsidiary Company

At the meeting of the Board of Directors of Nikon Corporation on May 16, 2008, a decision was made to dissolve Nikon Eyewear Co., Ltd., a subsidiary of Nikon Corporation, on May 31, 2008, and to liquidate at the end of March, 2009, as detailed below.

  1. Reason for dissolution
    Nikon Eyewear Co., Ltd. was established in January of 2000, and handled ophthalmic frame and sunglass business. The recent ophthalmic frame and sunglass market is experiencing severe pressure of competitive environments such as new entry of low-priced merchandisers in Japan as well as fierce global corporative competition. Nikon Eyewear Co., Ltd. has been aggressively promoting its business through such efforts as development of its original brands and licensing of overseas brands. However, the decision was made, judging that synergy with Nikon's core technologies is not expected and these management resources should be converted into other promising business fields.

  2. Outline of Nikon Eyewear Co., Ltd.
    Address  :  10-4, Ryogoku, 2-chome, Sumida-ku, Tokyo
    President  :  Masaki Hanagata
    Business lines  :  Development, Manufacture and Sales of Ophthalmic frames and sunglasses
    Capital  :  200 million Japanese Yen
    Major shareholder   :  Nikon Corporation (100%)
    Established  :  January 1, 2000


  3. Effects of the dissolution on the performance of Nikon Corporation
    The effect of the dissolution of Nikon Eyewear Co., Ltd. will be nominal and no revision will be made on the estimation of consolidated or non-consolidated financial results of Nikon Corporation.

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