It also reduced risk of production problems, since one company can increase production in the case of decreased production in the other parties. Having two companies both producing the same brand of watch enabled Seiko to improve technology through competition and hedge risk. (now known as Seiko Epson Corporation, an independent publicly traded company). (now known as Seiko Instruments Inc., a subsidiary of Seiko Holdings since 2009) and the other was Suwa Seikosha Co. Seiko watches were originally produced by two different Hattori family companies (not subsidiaries of K. Seiko Holdings Corporation was renamed Seiko Group Corporation as of October 1, 2022. 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 on July 1, 2007. Hattori & Co., Ltd.) in 1917 and renamed Hattori Seiko Co., Ltd. Seiko's mechanical watches consist of approximately 200 parts, and the company has the technology and production facilities to design and manufacture all of these parts in-house. Seiko is able to design and develop all the components of a watch, as well as assemble, adjust, inspect and ship them in-house. Along with Rolex, Seiko is one of only two watch companies considered to be vertically integrated. Seiko is perhaps best known for its wristwatches. Founded in 1881 by Kintarō Hattori in Tokyo, Seiko introduced the world's first commercial quartz wristwatch in 1969. Seiko Group Corporation ( セイコーグループ株式会社, Seikō Gurūpu kabushiki gaisha), commonly known as Seiko ( / ˈ s eɪ k oʊ/ SAY-koh, Japanese: ), is a Japanese maker of watches, clocks, electronic devices, semiconductors, jewelry, and optical products.
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