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|Traded as||TYO: 8050|
|Industry||Retail-Jewelry, Precision Instruments and Machinery|
|Founded||Chūō, Tokyo, Japan
(incorporated in 1917)
|Headquarters||1-26-1 Ginza, Chūō, Tokyo, Japan
(Officially registered at 4-5-11 Ginza, Chūō, Tokyo, Japan)
|Shinji Hattori, Chairman and CEO|
|Products||Watches, clocks, printers, semiconductors, mechatronics devices, machine tools, optical glass materials, jewellery, eyeglasses, etc.|
|Revenue||¥213.73 billion (FY2005, consolidated)|
Number of employees
|6,699 (March 31, 2006, consolidated)|
|Website||Seiko Holdings Corporation|
Seiko Holdings Corporation (セイコーホールディングス株式会社 Seikō Hōrudingusu Kabushiki-gaisha?) (TYO: 8050), more commonly known simply as Seiko (// SAY-koh), is a Japanese company that manufactures and sells watches, clocks, electronic devices, semiconductors and optical products.
- 1 History and ongoing developments
- 2 Models
- 3 Spring Drive
- 4 Seiko in The United States of America
- 5 Media appearance
- 6 Official timekeeper
- 7 Historic Seiko watches
- 8 Operating companies (products and services)
- 9 Seiko Group
- 10 Other
- 11 References and footnotes
- 12 External links
History and ongoing developments
The company was founded in 1881, when Kintarō Hattori opened a watch and jewelry shop called "K. Hattori" (服部時計店 Hattori Tokeiten?) in the Ginza area of Tokyo, Japan. Eleven years later, in 1892, he began to produce clocks under the name Seikosha (精工舎 Seikōsha?), meaning roughly "House of Exquisite Workmanship". According to Seiko's official company history, titled "A Journey In Time: The Remarkable Story of Seiko" (2003), Seiko is a Japanese word meaning "exquisite" or "success" ("exquisite" is usually written 精巧 from Chinese jīngqiǎo, while the meaning "success" is usually written 成功 from Chinese chénggōng).
The first watches produced under the Seiko brand appeared in 1924. In 1969, Seiko introduced the Astron, the world's first production quartz watch; when it was introduced, it cost the same as a medium-sized car. Seiko later went on to introduce the first quartz chronograph. In the late 1980s, Seiko produced the first Kinetic watch that combined the self-energizing attributes of an automatic watch with quartz accuracy. The watch is entirely powered by its movement in everyday wear.
The company was incorporated (K. Hattori & Co., Ltd.) in 1917 and was renamed Hattori Seiko Co., Ltd. in 1983 and Seiko Corporation in 1990. After reconstructing and creating its operating subsidiaries (such as Seiko Watch Corporation and Seiko Clock Inc.), it became a holding company in 2001 and was renamed Seiko Holdings Corporation as of July 1, 2007.
Seiko is perhaps best known for its wristwatches, all of which were at one time produced entirely in-house. This includes not only major items such as microgears, motors, hands, crystal oscillators, batteries, sensors, LCDs but also minor items such as the oils used in lubricating the watches and the luminous compounds used on the hands and the dials. Currently watch movements are made in Shizukuishi, Iwate (SII Morioka Seiko Instruments), Ninohe, Iwate (SII Ninohe Tokei Kogyo), Shiojiri, Nagano (Seiko Epson) and their subsidiaries in China, Malaysia and Singapore. The fully integrated in-house production system is still practised for luxury watches in Japan.
Seiko produces watches with quartz, kinetic, solar, and mechanical watches of varying prices, ranging from around ¥4,000 (US$45) (sold under the brand Alba) to ¥50,000,000 (US$554,000) (for the Credor FUGAKU GBCC999).
Seiko has several lines such as the Seiko "5" series (the 5 reflects five key features of the watch, namely automatic winding, day and date display in a single window—rare at the time, water resistant, recessed crown at the 4 o’clock position and durable case and bracelet—i.e. steel), and the luxury "Credor," "King Seiko," and "Grand Seiko" series.
The internationally available Seiko Spring Drive models were officially launched at the Musée d'Orsay in Paris on September 14, 2005, and went on sale the following day. The movement provides 72 hours of power compared to 40 hours for mechanical and 3 years for battery powered quartz watches. This new movement uses a "Tri-synchro Regulator". The power from the spring is used to turn the gear train and a generator. The generator powers a circuit that includes a low consumption (~25 nanowatts) quartz crystal oscillator. The oscillator is a part of a continuous feedback circuit, which holds the speed of the generator close to eight revolutions per second. According to Seiko records the resulting movement delivers accuracy commensurate with other quartz timed watch movements. The Spring Drive movement was also used as the basis for the first ever watch designed to be worn by an astronaut during a space walk, the aptly named Seiko Spring Drive Spacewalk.
Seiko in The United States of America
Seiko Corporation of America is responsible for distribution of Seiko watches and clocks, as well as Pulsar brand watches, in the United States. The models available in the United States are normally a smaller subset of the full line produced in Japan. Seiko Corporation of America has its headquarters (and Coserv repair center) in Mahwah, New Jersey. In the United States, Seiko watches are sold primarily by fine jewelers and department stores as well as 19 company stores located in various cities.
Seiko's 2004 marketing campaign emphasized that a watch, as opposed to other traits (such as what car they drive, for example), tells the most about a person.
Various Seiko watches were worn by James Bond in four films starring Roger Moore from 1977 to 1985. Moore wore a Seiko in the 1979 film North Sea Hijack. Also, a Seiko watch was worn by Sean Connery in the 1983 Bond film Never Say Never Again.
A Seiko 6105-8110/8119 dive watch was worn by Martin Sheen in the 1979 film Apocalypse Now. A Seiko H558 is worn by Arnold Schwarzenegger in various films including Commando and Predator. A Seiko Chronograph is worn by Jason Bourne in the book The Bourne Identity by Robert Ludlum. Aki Ross wears a Seiko wristband computer in the animated film Final Fantasy: The Spirits Within, and in Metal Gear Solid V: Ground Zeroes as well as Metal Gear Solid V: The Phantom Pain, Big Boss can be seen wearing the Seiko G757 5020. A Seiko 7A28-7000, basically a modified Seiko Chronograph is worn by Ripley (Sigourney Weaver) in the 1986 film Aliens – various other characters can also be seen wearing various Seiko watches devised by Italian car designer Giorgetto Giugiaro.
NASA Flight Director Gene Kranz wore a Seiko 5 model 6119-8460 during the height of his career. It was on his wrist when the Apollo 11 crew touched down on the lunar surface, when the Apollo 13 explosion occurred, and throughout the remainder of his career at NASA. The watch was recently sold and is still in working order.
On Friday, January 10, on the eve of the Australian Tennis Open in Melbourne, Seiko launched its new partnership with world no.1 professional tennis player Novak Djokovic, with Shinji Hattori, President of Seiko Watch Corporation, announcing the agreement and presenting to Novak Djokovic a Seiko Astron GPS Solar watch as a symbol of this new global partnership.
Seiko is also the official timekeeper of many major sporting events:
- 1964 Summer Olympics in Tokyo, Japan
- 1992 Summer Olympics in Barcelona, Spain
- 1994 Winter Olympics in Lillehammer, Norway
- 1998 Winter Olympics in Nagano, Japan
- 2002 Winter Olympics in Salt Lake City, United States
- All of them were timed by seiko even the ones today!
FIFA World Cup
- 1978 FIFA World Cup in Argentina
- 1982 FIFA World Cup in Spain
- 1986 FIFA World Cup in Brazil
- 1990 FIFA World Cup in Italy
IAAF World Championships
- 1987 World Championships in Athletics in Rome, Italy, 1987
- 1991 World Championships in Athletics in Tokyo, Japan, 1991
- 2015 World Championships in Athletics in Beijing, China, 2015
Seiko used to sponsor Honda F1 (previously known as BAR [British American Racing] Honda). The Seiko name cannot currently be found on the Honda racing cars because Seiko Japan refused to be advertised whilst the names of tobacco companies are still appearing on the cars. They can, however, be found on the lollipop used in the pitlane.
Historic Seiko watches
Seiko LCD Solar Alarm Chronograph A156-5000, 1978 (Seiko's 1st solar-powered watch)
Operating companies (products and services)
- Seiko Watch Corporation — watches: Seiko (Grand Seiko, Dolce & Exceline, Brightz, Lukia, Prospex, iu, Ruse, Spirit, Alpinist, Ignition, Premier, Velatura, Coutura, Arctura, Sportura, Criteria, Rivoli, Vivace, etc.), Credor, Galante, Wired, Wired XYZ, Pulsar, Lorus, XNY. Seiko Watch is a planning and marketing company. Seiko Holdings delegates a large portion of the manufacturing in its watch business to Seiko Epson and Seiko Instruments.
- Seiko Nextage Co., Ltd. — watches: Alba and licensed brand watches
- Seiko Clock Inc. — clocks, kitchen timers: Seiko, Seiko Westminster-Whittington (outside Japan), Seiko Chime and Strike (Japan only), Decor Seiko, Seiko Emblem, Seiko Premium (Discontinued), Seiko Melodies in Motion Musical Clocks (outside Japan), Seiko Wave Symphony Musical Clocks (Japan only), Pyxis, Character clocks (Disney's characters, Pocket Monster, Doraemon, etc.; Japan only)
- Seiko Service Center Co., Ltd. — repair and after service for watches
- Seiko Time Systems Inc. — system clocks (outside, building wall, monument, floral clocks), sports timing equipment
- Seiko Precision Inc. — printers, time servers, electronic devices, micromechatronics devices, camera shutters, etc.
- Seiko NPC Corporation — semiconductors
- Seiko Solutions Inc. — system solutions
- Seiko Optical Products Co., Ltd. — optical lenses & frames
- Seiko Instruments Inc. — electronic components, precision parts, watches, analysis and measurement instruments, machine tools, printers, network items, information systems and services, IC dictionaries, etc.
- Wako Co., Ltd. — upscale specialty retails
- Cronos Inc. — retail sales of watches, jewelry items and eyeglasses
- Seiko Business Services Inc. — human resources
- Ohara Inc. (Seiko owns 32.2% TYO: 5218) — specialty optical glass (glass materials for lenses and prisms)
Seiko Holdings is one of the three core companies of the Seiko Group. The Seiko Group consists of Seiko Holdings Corporation (Seiko), Seiko Instruments Inc. (SII), and Seiko Epson Corporation (Epson). Although they have some common shareholders, including the key members of the Hattori family (posterity of Kintarō Hattori), the three companies in the Seiko Group are not affiliated. They are managed and operated completely independently. Seiko Watch, an operating subsidiary of Seiko Holdings, markets Seiko watches, while SII and Epson manufacture their movements.
On January 26, 2009, Seiko Holdings and Seiko Instruments announced that the two companies will be merged on October 1, 2009 through a share swap. Seiko Instruments became a wholly owned subsidiary of Seiko Holdings as of October 1, 2009.
Seiko also produces other electronic devices. Notably, during the 1980s, the company produced a range of digital synthesizers, such as the DS-250, for use in electronic music. Today, the music division, a part of Seiko Life Sports, produces metronomes and tuning devices.
References and footnotes
- Notification of change of President Seiko Holdings Corporation, April 30, 2010
- William Pogue's Seiko 6139 Watch Flown on Board the Skylab 4 Mission, from his Personal Collection... The First Automatic Chronograph to be Worn in Space.
- The “Colonel Pogue” Seiko 6139, dreamchrono.com.
- Credor FUGAKU GBCC999 (Japanese)
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