October 30, 2020

Notice Regarding the Recognition of One-Time Costs andRevision of the Consolidated Financial Forecast
for the Fiscal Year Ending March 31, 2021
This is to announce that impairment losses of non-current assets, and disposal and write-down of inventory are to be recognizedin the quarter ended September 30, 2020, and the consolidated financial forecast for the first half ended September 30, 2020 andthe fiscal year ending March 31, 2021 announced on August 6, 2020 are revised as below.

1.

Recognition of Impairment Losses of Non-Current Assets
Regarding the non-current assets held by the Nikon Group (hereinafter “the Group”), based on its utilization status and the impactof COVID-19 on business activities, as a result of measuring the recoverable amount of the cash-generating units in which impairment
was indicated, impairment losses of approximately ¥18.9B, mainly in the Imaging Products Business are to be recognized in the quarter
ended September 30, 2020.

2.

Recognition of Disposal and Write-Down of Inventory
As a result of scrutinizing the fair value of the inventory held by the Group, disposal and write-down of approximately ¥10.7B,

mainly in related systems of the Precision Equipment Business converting fixed assets in order to development and refurbishment are
to be recognized in the quarter ended September 30, 2020.

3.

Revision of the Consolidated Financial Forecast(1) Revised Consolidated Financial Forecast for the First Half ended September 30, 2020 (From April 1, 2020 to September 30, 2020)

Previous Forecast (A)Revenue

Operating Profit(Millions of yen)

(Millions of yen)

Profit Before

Profit Attributable to

Income Taxes

Owners of the Parent(Millions of yen)

(Millions of yen)

Basic Earnings per
Share Attributable toOwners of the Parent(Yen)

165,000-40,000-35,000-25,000-68.10

Revised Forecast (B)175,000-47,000-39,000-32,000-87.16

Difference (B)-(A)10,000-7,000-4,000-7,000-19.06

6.1%-17.5%-11.4%-28.0%-28.0%

291,052

17,504

20,13816,343

41.70(Announced on August 6, 2020)

Change (%)(Reference)
Results of the First Half ended
September 30, 2019(2) Revised Consolidated Financial Forecast for the Fiscal Year ending March 31, 2021 (From April 1, 2020 to March 31, 2021)

Previous Forecast (A)Revenue

Operating Profit(Millions of yen)

(Millions of yen)

Profit Before

Profit Attributable to

Income Taxes

Owners of the Parent(Millions of yen)

(Millions of yen)

Basic Earnings per
Share Attributable toOwners of the Parent(Yen)

420,000-75,000-70,000-50,000-136.19

Revised Forecast (B)430,000-75,000-70,000-50,000-136.19

Difference (B)-(A)10,000

0000

2.4%

0.0%

0.0%

0.0%

0.0%

591,012

6,751

11,864

7,693

19.93

(Announced on August 6, 2020)

Change (%)(Reference)
The Fiscal Year ended
March 31, 2020

4.

Reason for Revision of the Financial Forecast
For the consolidated financial results of the first half ended September 30, 2020, revenue will be forecasted to be ¥175.0B,surpassed ¥10.0B compared with the previous forecast due to recovery trend in business activities including the impact of COVID-19.
Operating profit will be forecasted to be -¥47.0B, decreased ¥7.0B compared with the previous forecast, because of the one-time costs
of approximately ¥29.6B (impairment losses of non-current assets of approximately ¥18.9B, and disposal and write-down of inventoryof approximately ¥10.7B).
In addition, for the consolidated financial forecast for the fiscal year ending March 31, 2021, revenue is expected to exceed theprevious forecast by ¥10.0B to ¥430.0B, based on the consolidated financial results of the first half ended September 30, 2020.
Operating profit and each profit are forecasted to decrease due to the one-time costs in the first half of the fiscal year. However, basedon the current recovery trend of business activities, the forecast for the fiscal year ending March 31, 2021 remains unchanged from theprevious forecast.
Forecast in this disclosure is made by management in light of information currently available. A number of factors could cause actual results
to differ materially from those disclosed as above.

End of document