This is to announce that Nikon Corporation (hereinafter 'the Company') has resolved to submit the payment of dividends as of March 31, 2020 to the 156th Annual General Shareholders' Meeting to be held on June 26, 2020 at the Board of Directors' Meeting held today.

In addition, the Company has determined the dividend forecast for the fiscal year ending March 31, 2021.

1. Contents of the Dividends

Amount decided Latest dividend forecast

(announced on Feb.6, 2020)

Results of the previous

fiscal year

(ended March 31, 2019)

Record dates March 31, 2020 Same as on the left March 31, 2019

Cash dividends per share 10.00 yen 30.00 yen 30.00 yen

Total amount of dividends 3,677 million yen -- 11,905 million yen

Effective date June 29, 2020 -- June 28, 2019

Source of dividends Retained earnings -- Retained earnings

2. Reason for Dividends

From May 9, 2019, the Company raised the shareholder policy of 'Return to shareholders targeting a total return ratio of 40% or more during the cumulative period of the new medium-term management plan for the fiscal year ended March 31, 2020 to the fiscal year ending March 31, 2022', and to maintain the target of a full year dividend of 60 yen per share or more. However, as a result of providing all possible measures to respond to drastic changes of the business environment caused by the impact of COVID-19, taking into account the repurchase of its own shares and the cancellation of treasury stock in the fiscal year ended March 31, 2020, and its capacity of the capital allocation to build the foundation for future growth, it is with great regret that the Company determines to pay 10 yen per share, which was previously planned as 30 yen per share, and withdraws its target of maintaining a full year dividend of 60 yen per share or more.

(Reference)

Dividend per share

Record dates Second Quarter-end Year-end Annual total

Results of this fiscal year 2020 30.00 yen 10.00 yen 40.00 yen

Results of previous fiscal year 2019 30.00 yen 30.00 yen 60.00 yen

3. Dividend forecast for the fiscal year ending March 31, 2021

The Company has concluded the dividend for the fiscal year ending March 31, 2021 to be undecided due to the difficulty of reasonable estimation of financial forecast for the full-year at this moment.

(C) 2020 Electronic News Publishing, source ENP Newswire