Notice concerning Sale of Fixed Assets

At the meeting of the board of directors held January 30, 2004, Nikon Corporation resolved to implement a sale of fixed assets as described below.

1. Reason for the sale
   To consolidate business offices, rearrange single employees' dormitories and reconsider our system of company housing as part of our ongoing program to improve management efficiency, thereby improving corporate financial strength.
   
   
2. Description of the sale of fixed assets
   

   Name	Former factory and dormitory	Company housing and land
   Content	Land and buildings (disused)	Land and buildings (used as company housing)
   Location	Shinagawa-ku, Tokyo	Kawasaki-shi, Kanagawa
   Site area	Approx. 7,500m2	Approx. 11,500m2
   Sale amount	Approx. ¥ 6.2 billion	Approx. ¥ 3.3 billion
   Book value	Approx. ¥ 100 million	Approx. ¥ 100 million
   Outline of purchaser (capital relation with Nikon)	Real estate agent (none)	Real estate agent (none)
   Date of sale (planned) <1>Decision by the board of directors <2>Signing of the agreement for sale <3>Handing over of the properties	<1>January 30, 2004 <2>February 2004 <3>March 2004	<1>January 30, 2004 <2>February 2004 <3>March 2004

3. Outlook
   Profits realized from this sale are expected to amount to approx. ¥ 9.3 billion and are scheduled to be designated as special profit on our non-consolidated and consolidated settlement of accounts for the Year ending March 2004. The Forecast for the Year ending March 2004 including other profit-and-loss factors will be announced separately.