Seiko Corporation - 8050- Profile

Seiko Corporation was established in 1917 and is Japan's leading watch and clock sales company with a reputation for precision and reliability. Watches/clocks and jewelry accounted for 58% of fiscal 1999 revenues; eye glasses, frames, contact lenses, shavers and other products and operations, 42%. The company has forty four consolidated subsidiaries, twenty three in Japan and four in the United States, three each in Hong Kong, Brazil and Germany, two in the United KIngdom and one each in France, Belgium, Switzerland, Netherlands, Thailand and Australia. Overseas sales accounted for 33.1% of fiscal 1999 revenues. Watches accounted for 50% of fiscal 2006 revenues; precision, 18%; optical, 13%; clock 5% and other, 14%