brandon.c
161
I think you may be significantly underestimating their production numbers
The reason I say this is based on visiting Grand Seiko Studio Shizukuishi in 2022 and counting the number of employees assembling watches and the trays on their desks meant to hold completed movements.
From my photos, there are at least 20 employees assembling watches and on their desks they have stacks of trays that each hold 10 movements.
There are a little over 240 working days in Japan if you exclude weekends and holidays (and because this is a factory, we probably should not exclude those days - but I am doing so in my math) so for 40,000 movements we are looking at around 166 movements in total per day. That would be fewer than one tray per employee per day, and in my photo there are stacks of the trays at each employees workstation.
I think the numbers could easily be 1000 mechanical movements per day.
(I am not posting my photos because I cannot remember if I agreed to not publicly share them, but you can find photos online from press tours. For example, http://www.premium-j.jp/spotlight/20200728_12400/ although in my photos from 2022 it is a lot busier than from that article in 2020.)
Estimating Grand Seiko Watch Production Numbers (~2024)
We have decent production estimates for the big Swiss brands, thanks for Morgan Stanley and others, but good numbers for Grand Seiko remain elusive. I estimate Grand Seiko annual production to be between 75 and 85 thousand watches per an. based on the fol...
Thanks, no background in Financial Analysis,
Seiko plans to double GS revenue over the next 5 years, and they have a lot of room for growth. It’s basically a two market brand right now, US and Japan. I think they sell more watches to Chinese tourists in Japan, than they sell in China (excluding HK)....
Great Info 👍 I remember 18 years ago GS had a strong following in Japan and some Asian countries such as Hong Kong, Singapore, Malaysia and so on...
Given the strong international push in recent years I would expect that they widen their network in Asia especially China further as well like they did in the US
I think you may be significantly underestimating their production numbers
The reason I say this is based on visiting Grand Seiko Studio Shizukuishi in 2022 and counting the number of employees assembling watches and the trays on their desks meant to hold completed movements. From my photos, there are at least 20 employees assem...
You can see some factory volume on my tours at both studios 10 years ago, links inside here
I traveled to Japan on a group tour and cruise (on my own dime), but Seiko sponsored my travel within Japan on bullet trains, bought me a few meals, and gave me permission to share. At the time of my visit in late 2014, each studio employed about 600 peop...
