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Aiming to keep on providing with new values and sustain growth

Nikon Formulates Medium Term Management Plan for Fiscal 2011/3-2013/3

June 18, 2010

Nikon Corporation has formulated a three-year medium term management plan that will run until the end of fiscal 2013/3. With this plan, Nikon aims to keep on providing customers with new values and generate sustainable growth. It has been announced today by Makoto KIMURA, Representative Director, Executive Vice President, who is nominated as Representative Director, President for approval at the coming Ordinary General Shareholders' Meeting.

I. Missions of Nikon Group

To implement the Medium Term Management Plan, we will always keep the following missions in our mind.

1.Expanding Nikon brand

Appeal Nikon brand's strength "Spirit of Innovation" added with "Fun".

2.Creating new businesses

Create new businesses in existing and new fields to reinforce our business domains.

3.Realizing unified and quick-responding organizations

Headquarters and companies exercise autonomous management while maintaining a sense of unity and speed in a bid to realizing global cooperation.

4.Strengthening business functions and innovating processes

Both processes/operations and high technological capabilities collaborate at high levels.

5.CSR-oriented management

II. Overview of Medium Term Management Plan

1.Consolidated target for fiscal 2013/3

2.Capital Investment and R&D Plan

Increase investment for business and technological development for future growth compared to the previous Mid Term Management Plan so as to strengthen competitiveness. Maintain the R&D expenses at 7% of net sales.

III. Management Plan of each Company

1.Consolidated targets of each Company for fiscal 2013/3 (unit: billions of Yen)

Net sales (A) Operating income (B) (B)/(A)
Precision Equipment Company 280 28 10.0%
Imaging Company 720 88 12.2%
Instruments Company 80 4 5.0%

2.Missions of each Company

In addition to gain the leading position in the existing fields, we aim to create new businesses and expand business domain.

IV. Shareholders Benefit

We have set a target for a total return ratio of 25% or more.
The basic policy regarding the distribution of earnings is to expand investment 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.

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