Announcement of Cash Dividends for the Fiscal Year Ended March 31, 2008

This is to announce that Nikon Corporation resolved at the meeting of Board of Directors held on May 12, 2008 concerning the year-end dividends as of March 31, 2008. This agenda will be proposed at General Shareholder's Meeting which is scheduled to be held on June 27, 2008.

1. Reason for dividend

   Nikon 's 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. According to the above policy, Nikon set the year-end dividends at 13.5yen per share, an increase of 2 yen from the latest forecast. As a result of this increase, cash dividends for the fiscal year ended March 31, 2008 will be 25 yen per share, an increase of 7 yen from previous fiscal year.

2. Contents of the dividends

   	Cash dividends resolved to be distributed	Latest forecast (announced on November 8, 2007)	Cash dividends for the fiscal year ended March 31, 2007
   Record dates	March 31, 2008	Same as on left	March 31, 2007
   Cash dividends per share	13.5yen	11.5yen	11.5yen
   Total amount of dividends	5,391 million yen	-	4,593 million yen
   Effective date	June 30, 2008	-	June 29, 2007
   Resource of dividends	Retained earnings	-	Retained earnings

   Details of annual dividends

   	Dividend per Share
   Record Dates	Interim-end	Year-end	Annual total
   Results of this fiscal year 2007	11.5yen	13.5yen	25yen
   Results of previous fiscal year 2006	6.5yen	11.5yen	18yen