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Public Company Incorporated: 1881 as K. Hattori & Co., Ltd.
In 1884 the adoption of the worldwide 24 time-zone system, with its reference meridian at Greenwich near London, produced a standardization of time that further increased that demand.
Throughout the 1890's, the success of Seikosha's wall clock business increased, and Kintaro looked to broaden the range of his business.
The name Seiko was derived from Seikosha, the first factory opened in 1892 by Hattori.
In 1892 he set up the Seikosha (which roughly translated, means “House of Exquisite Workmanship”) factory in order to start producing high quality, high priced wall clocks.
Just eleven years later, in 1892, he established the 'Seikosha' factory.
In 1895, he created a pocket watch, the Timekeeper.
In 1910 improvements in technology brought new machinery which helped increase production and allow the pocket watch business to turn a profit for the first time.
Around 1910 Seikosha also started exporting wall clocks to China, helping grow the business even further.
As the market expanded, the company began exporting clocks to China, and by 1912 China received 70 percent of Japan’s total export of timepieces.
In 1913, Hattori opened its first overseas branch, in Shanghai.
In 1913 Seikosha developed the first Japanese wristwatch – The Laurel as the companies first steps into the new wristwatch market.
When, in 1913, Seiko built its first wrist watch, the company’s president called it the Laurel.
In 1917, K. Hattori & Co., Ltd. became a public company.
Just after the Earthquake, the company had created a new watch and it went on sale in December 1924.
In 1924, also, the Seikosha plant introduced the first Seiko brand wristwatch.
In 1927, Kintaro Hattori, at age 69, was honored as the imperial nominee to the House of Peers.
At this time some products were still sold under “Seiko” and some under “Seikosha” – further success came about in 1929 when a Seikosha pocketwatch was chosen as Japan National Railway’s official “railway watch”.
Using the micro-engineering expertise acquired in its clock and watch production, the Seikosha plant began producing camera shutters in 1930.
In 1936 K. Hattori & Co., Ltd. marketed a total of 2.06 million clocks and watches, the highest figure since the opening of the Seikosha plant; Japan’s total watch and clock production came to 3.54 million.
In 1937, Daini (the Second) Seikosha was established in Kameido, Tokyo.
In 1939 the company started marketing Braille pocket watches.
In 1944, Daini Seikosha opened their “Suwa plant” in central Japan as an extension of Daini Seikosha to evacuate from Tokyo during World War II.
As Japan entered World War II, K. Hattori’s normal marketing activities were hindered, as reflected in the Seiko group’s 1945 production figures.
While Seiko’s Crown and other mechanical watches of the 1950’s were constantly improving and increasingly popular, the team assembled to create Grand Seiko knew that, given time and resource, they needed, and could, go further.
By 1953, however, K. Hattori & Co., Ltd. had recovered to its prewar sales level.
Following World War 2 Seiko needed to build back up to their pre-war output, which they did in 1953.
The company marketed its first self-winding wrist-watch in 1955.
In 1956, the team at Suwa Seikosha unveiled the Marvel, a watch inspired by what they saw as the fundamentals of watchmaking: accuracy, durability, and aesthetic beauty.
Two years later in 1958, Suwa followed up with Lord Marvel, a watch featuring a highly legible design thanks to its large markers and hands.
In 1958, the company created a shock-resistant device called Diashock that absorbs impact to protect the balance-staff pivot, one of the most vulnerable parts of a mechanical watch.
In 1959, Suwa launched The Crown, an elegant dress watch that was based on the Marvel but with profound technical advances.
Utilizing conveyor-belt production technology, by 1959, production of watches then reached three million per year.
Born in 1960, Grand Seiko is the realization of Seiko founder Kintaro Hattori’s mission to create the “ideal watch” – a timepiece that perfectly embodies precision, legibility, durability, and beauty.
In 1960, the first Grand Seiko model was produced.
Prior to 1960 most people believed Swiss watches were the highestquality and Japanese watches were inferior.
In the middle of 1960's, European Chronometer Official Association appealed that Seiko shouldn't use the name Chronometer.
Initially launched in 1963, the Seiko 5 Sport collection is loved by watch enthusiasts worldwide.
From 1963, Seiko participated in the Neuchatel chronometer competition.
Making its debut into the world of sports, Seiko served as the official timer of the 1964 Tokyo Olympics.
In 1964 Genzo Hattori died and president of the company, Shoji Hattori wanted to expand the marketing reach of the company even further.
Thankfully Seiko’s reputation was growing after some early success with their work on a quartz clock and they were chosen as official timekeepers for the Olympics which was held in Tokyo in 1964.
Having won every Chronometer competition in Japan, Grand Seiko’s team looked overseas for new challenges and the Swiss observatory chronometry trials graciously admitted our entries in 1964.
Japan’s first chronograph was introduced in 1964, the year of the Tokyo Olympic Games.
From 1964, Daini Seikosha Co.,Ltd and Suwa Seikosha Co has participated in a department of Neuchatel at astronomical observatory Concours .
In 1965, Seiko’s first dive watch was debuted, drawing recognition to the brand worldwide.
With the advent of Caliber 9S came a new Grand Seiko Standard, going further than the chronometer standard and the original Standard set in 1966.
After 1966, all were changed to GS logo and of course were available only on GSs
5722B(Calendar) -- (1966-)GS standard official approval.
In 1967, Grand Seiko introduced a watch that would come to forever influence Grand Seiko’s Style – the 44GS. The shape of the case was groundbreaking.
Released in 1967, 44GS had the highest level of accuracy of any manually wound 5 beat watch in the world.
The 61GS, created by Suwa Seikosha in 1968, was Japan’s first watch with an automatic 10-beat movement, Caliber 6145.
Not long after the release of the 61GS in 1968, Daini Seikosha unveiled the 45GS, also powered by a 10-beat movement, this time a thin one (3.5mm) with a manual winding mechanism.
1968 also saw the first Grand Seiko watch for women.
Seiko then entered the Geneva Observatory Competition in 1968 and, at the very first attempt, and achieved fantastic result.
In November 1969, Grand Seiko announced the 61GS V.F.A. Realized once again by Suwa, this important timepiece featured an automatic 10-beat movement with a groundbreaking accuracy standard.
First used in 1969, it defined a Grand Seiko watch that was adjusted so skillfully that it achieved a precision rate far in excess of the Grand Seiko Standard.
The 56GS, released in 1970, presented a smaller form factor via an automatic caliber measuring just 4.5mm in height.
In 1970, the firm established Seiko Service Centre (Australia) Pty.
In 1971, the firm expanded into the United Kingdom with Seiko Time (U.K.) Ltd.
Three years later in 1972, Suwa took another step forward with a new variant of the 61GS V.F.A., this time updated with a day-date complication.
In 1972, Grand Seiko released the 19GS V.F.A., the first high-precision women’s mechanical watch rated to +-2 minutes a month.
Seiko Time GmbH was established in West Germany in 1972.
Once again, they served as official timekeeper for an Olympic Games – this time the Winter Olympics in Sapporo in 1972.
Capable of continuously displaying the hour, minutes and seconds on a field-effect liquid crystal display, this groundbreaking digital watch attracted wide attention when it was first marketed in October 1973.
Since 1973 when intoroduced world's first six-digit LCD quartz watch, Seiko had developed wearable information devices.
In 1974 Shoji Hattori died and Kentaro Hattori,Shoji’s nephew and Genzo’s oldest son, took the helm.
In 1975, Seiko set yet another industry standard when the world’s first titanium dive watch was introduced.
In 1975 Seiko launched the world's first digital quartz watch with a chronograph, the 0634.
The year 1977 saw record earnings and new products for Hattori Seiko, many of which appeared under brand names other than Seiko.
The firm developed Lorus clocks for the export market in 1977.
Brands which came about during this time were – Lorus, which started with clocks built for the export market beginning in 1977.
After eleven years, Kinarto bought a factory in Tokyo where he would produce his first clock in 1982.
Watches that featured a black-and-white liquid crystal display TV screen entered the market in 1982.
In 1982 they did just that, with the release of the Seiko TV watch – a black and white LCD display screen on a watch 0 which Seiko called “the smallest TV set in the world”. Marketing for this watch included an appearance in James Bond’s movie Octopussy.
The United States also saw the first Lorus quartz watches in 1983.
Reijiro Hattori, Kentaro’s brother, became president of Hattori Seiko in 1983.
Boyer, Edward, "A Family Rift Roils Seiko," Fortune , November 12, 1984.
Consequently, in 1984, Hattori Seiko introduced the world’s first computer wristwatches, manufactured at Seiko Instruments & Electronics Company.
In 1985, Seiko was appointed as the official timer to the IAAF and Roma 87 was the first World Championships that Seiko timed.
In 1987 Reijiro Hattori took over as chairman of the company when Kentaro Hattori passed away and he hired the first non-Hattori to become president of the company, Shiro Yoshimura.
In 1988 came the big breakthrough; Seiko KINETIC, a watch with an oscillating weight that converted the wearer's motion into electricity and thus powered the quartz movement.
In the 1989 fiscal year, Seiko produced about 109 million watches and 32 million clocks.
In 1989 Hattori Seiko introduced a new subsidiary, Hattori (Thailand) Ltd.
The company name was also changed to the Seiko Corporation in 1990, marking the first time that the company name did not include the “Hattori”.
Seiko started the new decade with some amazing innovations, the Seiko Scubamaster came to market in 1990 – which included a dive table in a computerised divers watch.
In the mid 1990’s, the time was right for a new generation of Grand Seiko mechanical watches.
In 1990, Grand Seiko submitted its movements to the accuracy tests conducted by the Contrôle Officiel Suisse des Chronomètres (COSC), the official chronometer testing institute of Switzerland.
When this company ran into financial difficulties in 1991, Seiko and Seiko Epson (both of which were already backers of AT&E) bought the start-up’s assets for $19 million.
Enter Caliber 9F. Introduced in 1993, Grand Seiko’s 9F movement combined an accuracy rating of +-10 seconds a year with the high torque of a mechanical movement and a low level of energy consumption.
In 1993, Just five years after the arrival of the first Grand Seiko quartz watch, Caliber 9F83 was completed.
Seiko then developed a new version of the watch, which it test-marketed in Los Angeles in 1994.
The Seiko MessageWatch was released in 1994, it came about after testing from AT&E Corp, before they came into financial difficulties.
In the 1996 fiscal year, Seiko produced about 209 million watches and 25 million clocks.
The losses stemmed in part from restructuring efforts and other adjustments made by Seiko’s subsidiaries, which resulted in extraordinary losses, such as the ¥5.6 billion loss in 1996.
Domestic watch Series No.1,3,5,9 Tombo Shuppan, Yoshio Nagao,Toshiki Mori 1996/6
In 1997 Seiko unveiled the 9F6 series, with a superior level of case design that made Grand Seiko quartz watches even more comfortable to wear.
And the 1998 Nagano Olympics would certainly provide an ideal platform for Seiko to reestablish its preeminent position in the timekeeping industry.
In 1998, the creation of the 9S mechanical caliber opened a new chapter in the Grand Seiko story.
Since unveiled in 1998, Spring Drive movement has been improved and reached its adoption in the Grand Seiko.
In 1999, the company introduced Spring Drive, a technology unique to Seiko that replaces the traditional escapement with a new regulator, delivering smooth motion and excellent accuracy.
In 2000, Seiko launched a new line of titanium wristwatches suitable for outdoor use.
Domestic demand was declining and Japan-based companies saw sales slide by as much as 20 percent in 2000.
In the early 2000’s Seiko needed to get back to profitability and this started with big restructuring efforts at the beginning of the decade.
2000) 180,000JPY at a used watch store in an open air antique market (Feb.
[MEMO] One was sold at 150,000JPY in a used watch store in Ueno, Tokyo Dec.2000) It was the first time for me to actually see it.
"Seiko, Citizen Link Up Distribution, Sales," Reuters News, July 9, 2001.
The restructuring proved costly however, and lead to a loss of approximately $132.9 million in 2001.
In 2002, Seiko acted as the official timer for the Salt Lake City Winter Olympic Games.
"Seiko Profit Recovers on Group-Wide Changes," Asian Wall Street Journal , May 14, 2003.
2003 saw the creation of new quartz watch series whose resistance to magnetism was a remarkable 40,000 A/m.
In 2004, the first Grand Seiko Spring Drive, a model using Caliber 9R65, was released.
Employees: 9,245 Sales: $1.98 billion (2004) Stock Exchanges: Tokyo Ticker Symbol: 8050 NAIC: 334518 Watch, Clock, and Part Manufacturing; 42194 Jewelry, Watch, Precious Stone, and Precious Metal Wholesalers
Kachi, Hiroyuki, and Kanji Ishibashi, "Seiko Group Net Profit Drops as Watch Sales in Japan Slump," Asian Wall Street Journal, May 11, 2005.
In 2005, the Spring Drive GMT was created.
Caliber 9S67 with a 72-hour power reserve was created in 2006.
Astron GPS Solar has been an outstanding success since its launch in September 2012, with its huge global acceptance giving proof positive of the global demand for a watch that adjusts to time zones.
The watch that won the “Petite Aiguille” award was first revealed at Baselworld 2014.
The Spring Drive 8 day power reserve was unveiled in 2016 and is capable of continuous operation for a remarkable eight days.
Grand Seiko expands its design into sports watch category from the black ceramic models introduced in 2016.
In 2018, the brand introduced a GMT complication with an independent hour hand via Caliber 9F86.
In July of 2020, they opened Grand Seiko Studio Shizukuishi, the new birthplace of all modern Grand Seiko 9S Mechanical timepieces.
In 2020, the pages turned again with the launch of a new high beat mechanical caliber, 9SA5, which, in its design and functionality represented an advance just as important as the first 9S. Caliber 9SA5 was more than just a new movement.
"Seiko Corporation ." International Directory of Company Histories. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/seiko-corporation-1
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Seiko may also be known as or be related to Seiko and Seiko Corporation of America.