Reorganization of Precision Equipment Company's Production Subsidiaries

September 29, 2009

Nikon Corporation (Michio Kariya, President, Tokyo) has determined reorganizing schema of its Precision Equipment Company's Japanese production locations, previously announced on May 26 this year, as follows.

1. Objective and Measures

Nikon has been implementing various structural reform of its Precision Equipment Company to cope with deterioration of IC Steppers and Scanners market as well as future outlook of IC/LCD Steppers and Scanners markets. As a part of this reform, Precision Equipment Company's currently operating 4 production subsidiaries in Japan will be reorganized and integrated into 2 subsidiaries for establishment of production structure to substantially reduce fixed cost and enhance both operational efficiency and capability to cope with the drastic change of business environment. Production of IC Steppers and Scanners will be integrated into Tochigi Nikon Precision Co., Ltd. Major devices of LCD Steppers and Scanners production will be integrated into Zao Nikon Co., Ltd.

2. Outline of Reorganization

< Date of enforcement >

October 1, 2009

< Schema >

< Allocation related to these Splits and Mergers >

There will be neither new equity issue nor capital increase since these splits and mergers are implemented among 100% subsidiaries of Nikon Corporation.

3. Outline of new subsidiaries (estimation as of October 1, 2009)

< Tochigi Nikon Precision Co., Ltd. >

Main business Manufacture of devices for IC Steppers & Scanners and lenses for IC/LCD Steppers & Scanners
Establishment 2007
Location Otawara, Tochigi Prefecture
Representative Takeshi ASAMI, President
Capital 425 million yen
Financial closing date March 31
Number of employees Approximately 750
Major shareholder Nikon Corporation (100%)

< Miyagi Nikon Precision Co., Ltd. >

Main business Manufacture of devices for LCD Steppers & Scanners
Establishment 1981
Location Katta-gun, Miyagi Prefecture
Representative Akio NAKAZAWA, President
Capital 200 million yen
Financial closing date March 31
Number of employees Approximately 180
Major shareholder Nikon Corporation (100%)

4. Reference: Outline of 4 subsidiaries (As of March 31, 2009)

Transferring and discontinuing subsidiaries

< Sendai Nikon Precision Corporation >

Main business Manufacture of devices for IC/LCD Steppers & Scanners
Establishment 2008
Location Natori, Miyagi Prefecture
Representative Tadao TATENO, President
Capital 123 million yen
Total Asset 5,909 million yen
Financial closing date March 31
Number of employees 201
Major shareholder Nikon Corporation (100%)

< Mito Nikon Precision Corporation >

Main business Manufacture of devices for IC/LCD Steppers & Scanners
Establishment 1968
Location Naka, Ibaraki Prefecture
Representative Hisashi HIBI, President
Capital 300 million yen
Total Asset 4,809 million yen
Financial closing date March 31
Number of employees 262
Major shareholder Nikon Corporation (100%)

Succeeding and continuing subsidiaries

< Tochigi Nikon Precision Co., Ltd. >

Main business Manufacture of IC Steppers & Scanners, and lenses for IC/LCD Steppers & Scanners
Establishment 2007
Location Otawara, Tochigi Prefecture
Representative Takeshi ASAMI, President
Capital 425 million yen
Total Asset 9,713 million yen
Financial closing date March 31
Number of employees 458
Major shareholder Nikon Corporation (100%)

< Zao Nikon Co., Ltd. >

Main business Manufacture of devices for IC/LCD Steppers & Scanners
Establishment 1981
Location Katta-gun, Miyagi Prefecture
Representative Akio NAKAZAWA, President
Capital 200 million yen
Total Asset 3,872 million yen
Financial closing date March 31
Number of employees 80
Major shareholder Nikon Corporation (100%)

The information is current as of the date of publication. It is subject to change without notice.