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Seiko Epson Corporation (セイコーエプソン株式会社, Seikō Epuson Kabushiki-gaisha^?), or Epson, is a Japanese company and one of the world's largest manufacturers of inkjet, dot matrix and laser printers, scanners, timepieces (through their famous Seiko division), desktop computers, business, multimedia and home theatre projectors, large home theatre televisions, robots and industrial automation equipment, point of sale docket printers and cash registers, laptops, integrated circuits, LCD components and other associated electronic components. Based in Nagano prefecture, Japan, they have numerous subsidiaries worldwide. The current CEO is Saburo Kusama. Net sales over 2004/2005 amounted to ¥1.479 trillion.

History

Daiwa Kogyo, Ltd. was founded in 1942 by Hisao Yamazaki in Suwa, Nagano. The company was backed by an investment from the Hattori family (founder of K. Hattori & Co. and Daini Seikosha) and began as a manufacturer of watch parts. It started operation in a 2,500 square-foot renovated miso storehouse with 22 employees. In 1943 Daini Seikosha established a factory in Suwa for manufacturing Seiko watches with Daiwa Kogyo. In 1959 the Suwa Factory of Daini Seikosha was split off and marged with Daiwa Kogyo to form Suwa Seikosha Co., Ltd. The company has developed and commercialized many timepiece technologies. In particular, it developed the world's first portable quartz timer (Seiko QC-951) in 1963, the world's first quartz watch (Seiko Quartz Astron 35SQ) in 1969, the world's first automatic power generating quartz watch (Seiko Auto-Quartz) in 1988 and the Spring Drive watch movement in 1999. Manufacturing watches still constitutes one of the major businesses of Seiko Epson. The watches made by the company are sold through the Seiko Watch Corporation, a subsidiary of Seiko Corporation.

In 1961 Shinshu Seiki Co., Ltd. was established as a subsidiary of Suwa Seikosha to supply precision parts for SEIKO watches. When the Seiko Group was selected to be the official time keeper for the Tokyo Olympic games in 1964 a printing timer was required to time events, and Shinshu Seiki started development of an electronic printer. In September 1968, Shinshu Seiki launched the world's first miniprinter, the EP-101, which was soon incorporated into many calculators. In June 1975, the name Epson was coined after the next generation of the EP-101 was released to the public ("Son of EP-101" became "Son of EP" which in turn became "Epson"). In April of the same year Epson America Inc. was established to sell printers for Shinshu Seiki Co.

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