Establishment of the Optical Engineering Division, aggregating all optical engineering functions to create new value

Nikon Corporation (Kazuo Ushida, President, Tokyo) announced today that the establishment of the Optical Engineering Division on April 1, 2017. Aggregating all the optical engineering functions distributed in each division is intended to create a synergistic effect and enhance multifunctionality, as well as enabling flexible deployment of resources to the area as necessary so as not to miss any business opportunity.

This new Optical Engineering Division is an organization that aggregates lens, mechanical and system engineering functions related to optical equipment and optical solutions. Superior technology and knowledge with respect to optical engineering maintained in each division will now be accumulated and evolved in the Optical Engineering Division to develop optical products that create new value.

In our restructuring plan, announced in November 2016, we decided to restructure our group companies to enhance manufacturing technology of optical components that are our core competence and a differentiator from our competitors. All the functions related to the manufacturing technology of optical components, which were previously owned by Nikon Corporation and our group companies, have now been brought together at Tochigi Nikon Corporation, our consolidated subsidiary, which started operation on February 1, 2017.

In addition to these advances for manufacturing technology of optical components, the newly established Optical Engineering Division will further improve our greatest strength, optical technology, by aggregating optical engineering functions, thereby helping to maximize our products' competitiveness.