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.

1. 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.
2. 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

3. 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

4. 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)

5. 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.