AndCavanaugh
515
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). Growth in the US is slowing right now, and they’ve settled in around Breitling in terms of market share for mens watches, but they haven’t cracked into the Lady’s watch market yet.
www.businessoffashion.com
They’re working on separating GS and Seiko distribution, in the US there is now a special GS-only service studio.
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...
