Announcement of Interim Cash Dividends and Revision of Dividend Forecast for the Fiscal Year Ending March 31, 2008

November 8, 2007

Reason for Revision
Nikon 's basic dividend policy is to improve the reflection of business performance, based on paying a steady dividend continuously, as well as expanding the investment for future growth and strengthening of competitiveness. With respect to the interim consolidated result, which was announced today, sales and profits reached the highest record as interim performance. Nikon also revised its forecast of full-year consolidated performance upward. After considering these factors, Nikon set the interim dividends at 11.5 yen per share, an increase of 2.5 yen from the latest forecast. Nikon also revised and set the forecast of year-end dividend at 11.5 yen per share, an increase of 2.5 yen from the latest forecast. As a result of these revisions, cash dividends for the fiscal year,ending March 31, 2008, will be 23 yen per share, an increase of 5 yen from the previous fiscal year..

Contents of the dividends

	Interim dividends resolved to be distributed	Latest forecast (announced on May 10, 2007)	Interim dividends for the fiscal year ended March 31, 2007
Record dates	September 30, 2007	Same as on left	September 30, 2006
Cash dividends per share	11.5yen	9yen	6.5yen
Total amount of dividends	4,592 million yen	-	2,404 million yen
Effective date	December 10, 2007	-	December 11, 2006
Resource of dividends	Retained earnings	-	Retained earnings

Contents of Revision

	Dividend per Share
Record Dates	Interim-end	Year-end	Annual total
Previous Forecast (May 10, 2007)	9yen	9yen	18yen
Revised Forecast		11.5yen	23yen
Results of this fiscal year ending March 2008	11.5yen
Results of this fiscal year ended March 2007	6.5yen	11.5yen	18yen