Yes, the Nikon Z30 is compatible with the Sony SF-M Tough Series 128GB SD UHS-II.
Nikon Z30 uses a UHS-I SD slot with a 4K30 codec floor of 30 MB/s. Sony SF-M Tough is UHS-II (V60, 150 MB/s write) — runs in backward-compatible UHS-I mode. Even at UHS-I speeds, well above the 30 MB/s codec floor.
“Nikon Z30 specifications: storage media is SD and UHS-I compliant SDHC and SDXC memory cards. UHS-II SD cards operate in UHS-I mode in this slot.”
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Confidence: inferred