October 30, 2017

Nikon to Discontinue Operations of a Consolidated Chinese Manufacturing Subsidiary ofImaging Business
Nikon Corporation (the “Company”) has announced at the Board of Directors’ Meeting held today the resolutionthat operations of consolidated subsidiary Nikon Imaging (China) Co., Ltd. will be discontinued.
1. Reason for Discontinued Operations
Nikon Imaging (China) Co., Ltd. (NIC) was established in June, 2002 in Wuxi City, Jiangsu Province, China, andmanufactured digital cameras and lens units for digital cameras. In recent years, however, due to the rise ofsmartphones, the compact digital camera market has been shrinking rapidly, leading to a significant decrease inoperating rate at NIC and creating a difficult business environment.
In this context, the Company conducted rounds of thorough reviews and discussions on the global manufacturing
structure optimization measures stated in the company-wide restructuring plan announced by the Company inNovember 2016. The Company has decided to discontinue operations of NIC. Thereafter, we will begin conducting
relevant dissolution and liquidation procedures of NIC. Specific details will be notified separately according to thedecision.
As part of restructuring the Imaging Products Business, the Company will focus more on high value-add products.
China’s position as one of the most important markets in the world will remain unchanged. Nikon Imaging (China)
Sales Co., Ltd. (NICS), the Company’s sales subsidiary in Shanghai, continues in full operation as normal,
contributes to photo and imaging culture development, and strengthens the sales effort of imaging products and theafter-sale services in China that meet customers’ satisfaction.
Moreover, besides NIC, the rest of the Company’s manufacturing and sales subsidiaries in China remain in fulloperation, and continue proactively developing business and services in China.
2. Overview of Nikon Imaging (China) Co., Ltd.
（1）Company name

Nikon Imaging (China) Co., Ltd.

（2）Address

No. 11, Changjiang South Road, New District, Wuxi, Jiangsu
214028, China（3）Representative

Chairman of Board of Directors
General Manager, Hideyuki Akimoto（4）Main business

Manufacture of digital cameras and lens units for digitalcameras

（5）No. of Employees

2,285（as of September 30, 2017）（6）Stated capital

US$ 32,000,000 （as of September 30, 2017）（7）Date Established

June 14, 2002

（8）Major shareholders andNikon Holdings Hong Kong Limited 100％（Note 1）

shareholding ratios（9）Relationships between

CapitalRelationship

NIC is a consolidated subsidiary indirectly
funded by the Company

Nikon and NIC

Personnel
Relationship

The Company loaned out employees toserve as directors of NIC

TradeRelationship

The Company and NIC hold a producttrading relationship

Status as aRelated
Party

NIC is a consolidated subsidiary of theCompany, a party of concerned of theCompany（10）Operating result and Financial conditions for the last 3 years (Thousand RMB)（Note 2）
Accounting period

Fiscal year ended
December 2015

Fiscal year ended
December 2016

Fiscal year ended
December 2017

Total equity

581,674

601,601

614,027

Total assets

1,266,886

1,017,984

972,279

Revenue

1,801,781

1,478,348

1,236,668

Operating profit-31,972

24,38915,764

Profit attributable to ownersof the parent-36,659

19,927

12,426Note 1: Nikon Holdings Hong Kong Limited is a wholly-owned subsidiary of the Company,
Note 2: Referenced exchange rate as of September 30, 2017: 1RMB = 16.90 JPY3. Schedule of Discontinued Operations
On October 30, 2017, the Company made a board resolution to discontinue operations of NIC. On the same day,
NIC will discontinue its operations.
4. Impact on Business Results
The expenses related to the discontinued operations of the consolidated subsidiary in this fiscal year are expected tobe approximately 7 billion Yen (including tax expense) on current estimate.
The impact on the Company’s financial results for the fiscal year ending March 31, 2018 is currently under
examination, and we will publish at the announcement of our consolidated financial results of the 2nd quarter for
the fiscal year ending March 31, 2018, scheduled on November 7, 2017.