World Library  
Flag as Inappropriate
Email this Article

Lorus

Article Id: WHEBN0006777434
Reproduction Date:

Title: Lorus  
Author: World Heritage Encyclopedia
Language: English
Subject: Binda Group
Collection:
Publisher: World Heritage Encyclopedia
Publication
Date:
 

Lorus

This article is about the watch company. For other uses, see Seiko (disambiguation).
Seiko Holdings Corporation
セイコーホールディングス株式会社
Public
Traded as Template:Tyo
Industry Retail-Jewelry, Precision Instruments and Machinery
Founded Chūō, Tokyo, Japan (1881)
(incorporated in 1917)
Headquarters Minato, Tokyo, Japan
(Officially registered in Chūō, Tokyo, Japan)
Key people Shinji Hattori, President[1]
Products Watches, clocks, printers, semiconductors, mechatronics devices, machine tools, optical glass materials, jewellery, eyeglasses, etc.
Revenue ¥213.73 billion (FY2005, consolidated)
Employees 6,699 (March 31, 2006, consolidated)
Parent Seiko Group
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?) (Template:Tyo), more commonly known simply as Seiko (/ˈsk/ ), is a Japanese company that manufactures and sells watches, clocks, electronic devices, semiconductors and optical products.

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," "minute," or "success". (The meaning "exquisite" is usually written 精巧, while the meaning "success" is usually written 成功.)

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 1985, Orient Watches and Seiko established a joint factory.

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.

Models


Seiko produces both quartz and mechanical watches of varying prices. The least expensive are around ¥4,000 (US$45) (sold under the brand Alba); the most expensive (Credor JURI GBBX998) costs ¥50,000,000 (US$554,000).[2]


Seiko mechanical watches are highly prized by collectors—from the Seiko "5" series (the 5 reflects the five essential features of the watch, namely shock resistant, water resistant, automatic, and day and date display), which is the most common, to the highly prized luxury "Credor," "King Seiko," and "Grand Seiko" lines. The A359 5040 Sports 100 Chronograph released in 1981 is an extremely rare chronograph with only a few examples seen world wide. From Seiko Australia 22/1/2013 regarding the A359 5040 Sorry, all the details of that model have been lost in the mists of time. We have no image/s on file Regards,Harold Seiko Australia,Sydney

Today, Seiko Kinetic watches account for a large proportion of sales that combine the self-energizing attributes of an automatic watch with quartz accuracy. The watch is entirely powered by its movement in everyday wear.

Spring Drive

On 7 October 2005, Seiko announced the launch of the Seiko Spring Drive, a new movement that 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.[3]

Seiko in 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.

Media appearance

Various Seiko watches were worn by the cinematic James Bond 007 in four films starring Roger Moore from 1977 to 1985. Also, a Seiko watch was worn by Sean Connery in the 1983 Bond film Never Say Never Again. A Seiko Chronograph is also worn by Jason Bourne in the book "The Bourne Identity" by Robert Ludlum. Aki Ross wears a Seiko wristband computer in Final Fantasy the Spirits Within, and in Metal Gear Solid V, Big Boss can be seen wearing the Seiko G757 5020.

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.

Nazi war criminal and SS officer Josef Mengele wore a Seiko Automatic 21 Jewels watch in South America held by the archives of the Federal Police in Brazil and it is still working to this day. (seen in National Geographic Mengele Twin Mystery)

Official timekeeper

Seiko is also the official timer of many major sporting events:

Seiko is also named as the official timekeeper of the Gran Turismo racing game series, published by Sony. It's also the sponsor of FC Barcelona.

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.

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. 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, Decor Seiko, Seiko Emblem, Seiko Premium, Seiko Melodies in Motion Musical Clocks, Pyxis
  • 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% Template:Tyo) — specialty optical glass (glass materials for lenses and prisms)

Seiko Group

Main article: Seiko Group

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.

Other

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 & tuning devices.

References and footnotes

External links

  • Seiko Holdings Corporation website (English)
  • Seiko Holdings Corporation website (Japanese)
  • Seiko Holdings Group Companies (English)
  • Seiko Watch Corporation website (Japanese)
  • Seiko Watch Corporation International website (English)
  • Seiko Clocks website (English)
  • Seiko Spring Drive website (English)
  • Seiko Calibers (English)
  • A detailed evaluation of the mechanics of a Seiko 7S26 watch movement (English)
  • (English)
  • SEIKO-Citizen Watch Forum (English)

Template:Japanese Electronics Industry

This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and USA.gov, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for USA.gov and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
 
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
 
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.
 



Copyright © World Library Foundation. All rights reserved. eBooks from World eBook Library are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.