as a subsidiary to supply precision parts for Seiko watches. In 1961, Suwa Seikosha established a company called Shinshu Seiki Co. And the brand of Orient Star / Orient Watch are owned by Epson since 2009 (fully integrated into the company in 2017). The watches made by the company are sold through the Seiko Watch Corporation, a subsidiary of Seiko Holdings Corporation. The watch business is the root of the company’s high-precision and micromechatronics technologies and still one of the major businesses for Seiko Epson today although it accounts for a few percent of total revenues. 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 first automatic power generating quartz watch (Seiko Auto-Quartz) in 1988 and the Spring Drive watch movement in 1999.
The company has developed many timepiece technologies. In 1959, the Suwa Factory of Daini Seikosha was split up and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation. In 1943, Daini Seikosha established a factory in Suwa for manufacturing Seiko watches with Daiwa Kogyo. The company started operation in a 230-square-metre (2,500 sq ft) renovated miso storehouse with 22 employees. Daiwa Kogyo was supported by an investment from the Hattori family (founder of the Seiko Group) and began as a manufacturer of watch parts for Daini Seikosha (currently Seiko Instruments). which was founded in May 1942 by Hisao Yamazaki, a local clock shop owner and former employee of K. The roots of Seiko Epson Corporation go back to a company called Daiwa Kogyo, Ltd.
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