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Inauguration of new company: Seiko Time Creation, Inc. Integrating the clock business with the system clocks and sports timing & measurement business

December 18, 2020
Seiko Holdings Corporation

On April 1, 2021, Seiko Clock, Inc. (President: Kenji Hagiwara; head office: Koto-ku, Tokyo) and Seiko Time Systems, Inc. (President: Kenji Hagiwara; head office: Koto-ku, Tokyo), both consolidated subsidiaries of Seiko Holdings Corporation (President: Yoshinobu Nakamura; head office: Chuo-ku, Tokyo), will be merged to form a new company, Seiko Time Creation, Inc.

Seiko Clock, Inc. is engaged in the development, manufacturing, and marketing of clocks (wall, desk, and alarm clocks). Seiko Time Systems, Inc. is engaged in the development, manufacturing, and marketing of system clocks, sports timing and measurement systems, information display systems, and factory automation equipment as well as providing on-site timing support for various sporting events. There is an obvious compatibility in the operations of the two companies, with a focus on clocks and timing and measurement systems. By synergistically combining their respective strengths, we will not only rationalize operations, but also improve our ability to address the SDGs, ESG, and other social initiatives, as well as advance our Group’s digital transformation. In addition to strengthening the management infrastructure of the existing businesses, we aim to actively promote the creation of new businesses.


Outline of new company
Company name    : Seiko Time Creation, Inc.
Location       : 2-4-3 Fukuzumi, Koto-ku, Tokyo, Japan
Representative Director: Kenji Hagiwara, President
Capital        : 500 million yen
Description of business: Development, manufacturing, and marketing of clocks (wall clocks, desk clocks, and alarm clocks) and development, manufacturing, and marketing of system clocks, sports timing and measurement systems, information display systems, and factory automation equipment, as well as providing timing support for various sports competitions.
Number of employees : 390

Press Contact:

Seiko Holdings Corporation
Corporate Branding Department

prdept@seiko.co.jp

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