ANNOUNCEMENT OF NEW PRESIDENT AND CEO OF NIDEK CO., LTD.

June 24, 2008 NIDEK CO., LTD.

Gamagori, JAPAN, — NIDEK Co., Ltd. announced that Mr. Hideo Ozawa was appointed Chairman of the Board, and Mr. Motoki Ozawa was promoted to President and CEO. This decision was approved at the Board Meeting, after the Annual Shareholders Meeting on June 24, 2008. Under this new management, NIDEK will continue to target further growth in ophthalmic and aesthetic markets as well as optical systems and the coating business.

Mr. Motoki Ozawa, the new President, initially assumed his post as NIDEK, Co. Ltd. as Vice President in 2005, and has since become President and CEO. Mr. Hideo Ozawa, Chairman, is the founder of NIDEK and has devoted himself to corporate management and to the innovation of the ophthalmic industry since the NIDEK foundation began 37 years ago.

NIDEK started from the conviction of former President Mr. Hideo Ozawa, that he would make things “invisible to visible”. We sincerely appreciate your devoted support that made our growth to date possible. We continue to embrace Mr. Ozawa’s conviction. In my opinion, our corporate social responsibility role will be enhanced in this advanced information age and with our aging societies. We plan to make further efforts to grow through clinical contributions to the healthcare industry that will become beneficial to our societies. Your continued support is greatly appreciated.

About NIDEK CO., LTD.

NIDEK has been doing worldwide business in the medical, optical and coating fields based on leading-edge optoelectronic technology. It develops, manufactures and sells products in the above fields, provide after-sales service and export the products to about 100 countries. It will continue to support people all over the world for their healthy lives as a leading company in the ophthalmic and optical instrument industries. For further information, please visit our web site.

http://www.usa.nidek.com
http://www.nidek.com