Announcement of Cash Dividends for the Fiscal Year Ended March 31, 2012

May 10, 2012

This is to inform the resolution at the Board of Directors' Meeting on May 10, 2012, that proposes payment of dividends as of the end of March 2012 to the 148th Annual Shareholders' Meeting to be held on June 28, 2012.

1. Contents of the dividends

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  Cash dividends resolved to be distributed Latest forecast (announced on Feb. 3, 2012) Cash dividends for the fiscal year ended March 31, 2011
Record dates March 31, 2012 Same as on left March 31, 2011
Cash dividends per share 21.00 yen 17.00 yen 14.00 yen
Total amount of dividends 8,327 million yen - 5,550 million yen
Effective date June 29, 2012 - June 30, 2011
Resource of dividends Retained earnings - Retained earnings

2. Reason for dividend

Nikon's basic policy regarding the distribution of earnings is to expand capital investment and R&D spending in business and technology development to ensure future growth, take steps to enhance competitiveness and pay a steady dividend that reflects the perspective of shareholders, while making continual adjustments to better reflect operating performance. In accordance with this policy, we have set a target for a total return ratio of 25% or more.
Based on the policy above, Nikon decides to pay 21 yen per share, up 4 yen from the previously-forecasted 17 yen, for the year ended March 31, 2012. When added with the interim dividend paid at the end of the 2nd quarter, the annual dividend becomes 38 yen per share, up 19 yen from the year earlier, bringing the dividend payout ratio to 25.4%.

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Details of annual dividends
  Dividend per Share
Record Dates Interim-end Year-end Annual total
Results of this fiscal year 2012 17 yen 21 yen 38 yen
Results of previous fiscal year 2011 5 yen 14 yen 19 yen

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