Nikon Corporation (Michio Kariya, President, Tokyo) hereby announces that its Board of Directors, at a meeting held today, has resolved to transfer its fixed asset as follows:
1.Reason of transfer
A part of land at the Yokohama Plant will be transferred to the Ministry of Land, Infrastructure, Transport and Tourism and some buildings there will move responding to the request of expropriation for the construction projects of the new Yokohama 468 road by the Ministry of Land, Infrastructure, Transport and Tourism and the Yokohama-Fujisawa town planning road by Yokohama City.
2.Detail of asset to be transferred
|531-1 Aza-Hibarikoshita, Nagaodai, Sakae-ku, Yokohama, Kanagawa
|12,452.80 square meters (officially registered)
|Value on the book
|30 million yen
|Price of transfer
|1,715 million yen
|Compensation for Move
|13,241 million yen
|Current use of buildings to move
|Development & Manufacturing of LCD Equipment Division, processing of high precision parts for Nikon precision equipment, etc.
Kanto Regional Development Bureau,
Ministry of Land, Infrastructure, Transport and Tourism
4.Dates until transfer
|Resolution by the Board of Directors
|March 5, 2010
|Signing the Agreement
|March 5, 2010
|End of March 2013 (expected)
5.Estimated effect to the Profit and Loss
It is estimated that transfer income after the following costs deduction will be appropriated in the financial results of the financial year ending March 31, 2013 where transfer will take place: booked value of land, cost of building demolition, cost of move and other relevant expenses. This transaction will have no effect on the financial results of the current financial year ending March 31, 2010.
The information is current as of the date of publication. It is subject to change without notice.