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Contents
Nikon has been a pioneer in optical technology to develop worldwide since its inception in 1917.
Today, we offer a wide range of products utilizing advanced technologies, from consumer optics
such as digital cameras and other camera-related products, binoculars and ophthalmic lenses,
to industrial precision equipment including IC and LCD steppers and scanners, microscopes and
measuring instruments.
The diffi cult business environment in the fi scal year ended March 2010 resulted in a decline in
net sales, and Nikon posted a net loss for the period. However, we were able to secure operating
income in the second half of the year as a result of restructuring measures throughout the Nikon
Group. We will maintain measures to bolster our earnings capacity and develop leading-edge
products, with the goal of quickly regaining uninterrupted growth by the fi scal year ending
March 2012.
Nikon, following its unchanged corporate philosophy of “Trustworthiness and Creativity,” will
continue to utilize its capability in cutting-edge technology, competitive products and effective
marketing to their fullest extent to create products that exceed the expectations of our customers.
Statements contained in this report regarding the plans, projections and strategies of the Nikon Corporation and its subsidiaries and affi li-
ates that comprise the Nikon Group (hereinafter “Nikon”) that are not historical fact constitute forward-looking statements about future
fi nancial results. As such, they are based on data that are obtainable at the time of announcement in compliance with Nikon’s management
policies and certain premises that are deemed reasonable by Nikon. Hence, actual results may differ, in some cases signifi cantly, from these
forward-looking statements due to changes in various factors, including—but not limited to—economic conditions in principal markets,
product and service demand trends, customer capital expenditure trends, and currency exchange rate fl uctuations.
At a Glance 1
Financial Highlights 2
To Our Shareholders and Investors 3
Interview with the President 4
Review of Operations 8
Precision Equipment Company 8
Imaging Company 12
Instruments Company 16
Other 20
Topics 21
CSR-Oriented Management 22
Financial Section 24
Organization of the Nikon Group 55
Nikon Group Companies 56
Directors, Auditors and Offi cers 58
Investor Information 59