Revision of Dividend Policy For the Year Ended March 31, 2007

This is to announce that the board of directors on May 10, 2007 has decided to revise the year-end dividend per share as below.

1. Background of Revision

   Our basic dividend policy is to improve the reflection of business performance based on paying a steady, continuous dividend, as well as expanding the investment for future growth and strengthening of competitiveness.
   Based on above-mentioned policy, Nikon decided to increase the forecast of year-end dividend per share to 11.5yen which is 5yen increase from the previous forecast. As a result, total annual dividend per share becomes 18yen.
   This revised dividend policy will be proposed to the ordinary General Shareholders' Meeting on the coming June 28, 2007.

2. Content of Revision

   	Interim	Year-end dividend	Annual dividend
   Previous Forecast (November 9, 2006)	6.5yen	6.5yen	13yen
   Revised	—	11.5yen	18yen
   Results of this fiscal year 2006	6.5yen	—	—
   Results of previous fiscal year 2005	4yen	6yen	10yen