Announcement Regarding Construction of a New Head Office with Funding from Green Loan

Nikon Corporation (Nikon) is pleased to announce the start of construction of a new head office with funding from Green Loan^*1 for part of the expenses required. Construction will commence in July 2022, with completion expected in May 2024.

As previously announced on November 4, 2021, Nikon has been planning construction of a new head office on vacant land within the premises of Oi Plant in Shinagawa-ku, Tokyo. It aims to create an office place that promotes digitalization and a workplace that supports flexible work styles. It is also planned to be an environmentally friendly office building that is rooted in the local community, with an emphasis on sustainability.

Specifically, the building is designed with a solar-shielding exterior facade system to reduce the energy required for air conditioning, as well as being a structure that promotes natural ventilation and allows plentiful daylight into the interior. In addition, it will be equipped with a VAV (Variable Air Volume) System that responds to the office utilization rate. The combination of these systems significantly reduces the amount of energy that the building uses, and the new head office is expected to be certified with ZEB Ready^*2 and acquire the highest five-star rank of BELS^*3. The building is also planned to generate renewable energy through a solar power generation system.

A part of the construction costs of the new head office is funded from the syndicated term loan of Green Loan that is limited to projects in which environmental efficiency is considered. The loan was rated at the highest Green1 (g1/m1) by Japan Credit Rating Agency, Ltd. This shows that the construction of the new head office was evaluated as a project in which adequate environmental improvements can be expected and careful consideration is given to avoiding potentially negative effects regarding environmental and social aspects.

The planned construction site, Oi Plant, is a place where Nikon has had its base for over 100 years and has produced various products and services. With its new head office, Nikon will continuously contribute to a better sustainable world.

• *1Green Loans are used to raise funds for domestic and overseas green projects. Characteristics of Green Loans include allocation exclusively to Green Projects, while transparency is ensured by reporting after financing.
• *2ZEB Ready: Net Zero Energy Building Ready. A building that realizes a comfortable environment while reducing 50% or more of energy consumption via energy-saving methods compared to that required for ordinary buildings.
• *3BELS: Building-Housing Energy-efficiency Labeling System. Energy-efficiency performance of buildings and housing is evaluated and authorized by a third-party organization. Performance is rated in five grades designated by the number of stars.

Name: Nikon Corporation Head Office

Construction Site: 5480-1, Nishioi 1-chome, Shinagawa-ku, Tokyo, etc.

Site Area: Approx. 18,000 m²

Total Floor Space: Approx. 42,000 m²

No. of Floors: 6 floors above ground

Building Structure: Steel Construction, Base Seismic Isolation Structure

Design Architect: Mitsubishi Jisho Design Inc.

Construction Contractor: HAZAMA ANDO CORPORATION

Schedule (Plan): Construction Starts: July 2022
Construction Completes: May 2024
Operation Starts: Summer 2024

Contract Date: July 7, 2022

Arranger/Agent: MUFG Bank, Ltd.

Amount Borrowed: 10 Billion Yen in Total

Uses of Funds: Construction of Green-Eligible Building

Participating Banks:

The Joyo Bank, Ltd., The Hyakujushi Bank, Ltd., The Bank of Kyoto, Ltd., The Shiga Bank, Ltd., Sumitomo Mitsui Banking Corporation, Resona Bank, Limited, The 77 Bank, Ltd., Mizuho Bank, Ltd., The Shizuoka Bank, Ltd.

Sustainability

The information is current as of the date of publication. It is subject to change without notice.