04/09/00

Restructuring of Nikon in the United States - October 1, 2000

Establishment of new companies and strengthening the holding company- Restructuring of the subsidiaries in the United States
Nikon Corporation (YOSHIDA, Shoichiro president) will divide Nikon Inc., sales and marketing subsidiary in the United States, and separate both the Instrument Division (including the Surveying Department) and the Eyewear Department from it to establish two independent sales and marketing subsidiaries.
Nikon Inc. will remain as sales and marketing subsidiary for the imaging products including the sports and recreational optics.
The new companies will start operation from the coming October. This separation is in line with the in-house company structure which has been introduced at Nikon Corporation last October, and aims to further complete the integrated system of full authority and responsibilities for each product business sector and promote the decentralized management.
At the same time of this change, three companies function of financing as well as tax-related operation like consolidated tax payment will be centralized to Nikon Americas Inc., holding company established in 1981, which will strengthen such function and broaden its operation.
Outline of the new companies

Name of company: Nikon Instruments Inc.

Head office: Melville, New York

Representative: HIRAI, Takeshi President & CEO

Principal business: sales, marketing and after-sales service of microscope, measuring instrument, inspection instrument, surveying instrument in the North and South America

Start of operation October 1, 2000

Name of company: Nikon Eyewear Inc.

Head office: Melville, New York

Representative: HANAGATA, Masaki President

Principal business: sales, marketing and after-sales service of eyeglass frames in the United States

Start of operation: October 1, 2000

Outline of the holding company effective October 1, 2000

Name of company: Nikon Americas Inc.

Head office: Melville, New York

Representative: FUKUCHI, Hideo President & CEO

Principal business:

  1. Integrated financing in the United States
  2. Consolidated tax payment
  3. Coordination of new business in the United States which any in-house company does not cover
  4. Publicity including the IR
  5. Legal matters such as brand protection

Subsidiaries:

  • Nikon Precision Inc.
  • Nikon Research Corp. of America
  • Nikon Inc. Nikon Instruments Inc.
  • Nikon Eyewear Inc.

Outline of Nikon Inc. effective October 1, 2000

Name of company: Nikon Inc.

Head office: Melville, New York

Representative: ABRAMS, Jack President & CEO

Principal business: sales, marketing and after-sales service of photo imaging products and sports and recreational optics in the North and South America

The information is current as of the date of publication : (c) Nikon - Investor Relation News - 04.09.2000