December 20, 2002
Notice concerning Sale of Fixed Assets
At the meeting of the board of directors held December 20, 2002, Nikon Corporation resolved to implement a sale of fixed assets as described below.
- Reason for the sale
To sell off unused real estate as part of our ongoing program to improve management efficiency, and thereby improve corporate financial strength.
- Description of the sale
| (1) Content: | Land, building and structures (former social welfare buildings) |
| (2) Address: | Ohi 3-chome, Shinagawa-ku, Tokyo |
| (3) Site area: | 11,010.42 m2 |
| (4) Sale amount: | ¥ 8,350 million |
| (5) Book value: | ¥ 51 million |
- Outline of principal purchaser
| (1) Name: | Tokyu Land Corporation |
| (2) Head office address: | Shin-Nanpeidai Tokyu Building, 21-2, Dogenzaka 1-chome, Shibuya-ku, Tokyo |
| (3) Representative officer: | Masatake Ueki, President & CEO |
| (4) Relation with Nikon: | No capital relationship |
- Date of sale
| December 20, 2002 |
Decision by the board of directors |
| December 20, 2002 |
Signing of the agreement for sale |
| End January, 2003 |
Handing over of the properties (planned) |
- Outlook
Profits realized from this sale have already been incorporated into our performance forecasts (non-consolidated and consolidated) for the current term (April 1, 2002 to March 31, 2003), so there will be no change in the performance forecast for the year ending March 2003.
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