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Makes Seiko-brand watches and clocks, plus optical and electronic devices.
Makes Seiko-brand watches and clocks, plus optical and electronic devices.
Sells watches through department stores, watch retailers and its own boutiques, with the Seiko brand supplying the volume and Grand Seiko, made a separate brand in 2017, the higher-priced end. Unusually, it makes its own watch movements, the mechanisms inside.
In one line: A watchmaker like a smaller Fossil Group with instruments heritage.
Moat: narrow (brand, process know-how). Century-old Seiko brand and in-house watchmaking movement technology.
Headquarters: Tokyo, Japan · Founded: 1881 · Employees: 11,326
Size Seiko (8050.T) is a Japan Consumer Discretionary company (Other Consumer Specialties) with a market value of $4.71B, the 253rd largest of 1,379 Japan companies the cockpit tracks. Shares closed at ¥8,986 on 6 Nov 2026.
Performance Over six months the shares gained 54.1%, against +0.9% for the median peer and +1.8% for the Japan market (cap-weighted) — 5th highest of 14 in its peer set.
Growth Revenue grew 16.2% over the last twelve months (peer median +5.0%); the operating margin is 10.7% (peer median 9.4%).
Valuation It trades at 21.0× forward earnings against a peer median of 24.2× (7th cheapest of 13).
Price implies For today's price to make sense, revenue must grow about 24% a year for seven years (Req g). Recent delivered growth is +11%, so the hurdle is +14 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 2.6 points below its cost of capital (13.2% WACC).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ¥358B | ¥336B | ¥305B | ¥277B | ¥261B |
| Revenue growth | — | +10% | +10% | +6% | — |
| Gross profit | ¥167B | ¥155B | ¥137B | ¥123B | ¥112B |
| EBITDA | ¥53.1B | ¥46.4B | ¥37.0B | ¥29.2B | ¥24.8B |
| Net income | ¥26.8B | ¥22.0B | ¥13.3B | ¥10.1B | ¥5.03B |
| Free cash flow | n/a | ¥27.1B | ¥22.2B | ¥21.7B | -¥2.92B |
| Capital expenditure | n/a | ¥13.9B | ¥10.4B | ¥11.0B | ¥12.2B |
| Total debt | ¥105B | ¥107B | ¥118B | ¥127B | ¥140B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Seiko 8050.T | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% |
| Citizen Watch 7762.T | $2.90B | +3% | +17% | 10% | 12.8× | 10.1% |
| Casio Computer 6952.T | $2.74B | +24% | +12% | 11% | 15.9× | 0.2% |
| Swatch Group Ltd. Bearer UHR.SW | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 8050.T | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -20.0% | +3.2% | lowest of 15 |
| 6-month return | +54.1% | +0.9% | 5th highest of 14 |
| Distance from 52-week high | -24.6% | -23.0% | 7th lowest of 15 |
| Revenue growth (TTM) | +16.2% | +5.0% | 6th highest of 15 |
| Operating margin | 10.7% | 9.4% | 8th highest of 15 |
| Forward P/E | 21.0× | 24.2× | 7th cheapest of 13 |
| Growth the price implies (Req g, 7 yrs) | 24.4% | 1.2% | 2nd most demanding of 9 |
| Growth delivered (Del g) | +10.6% | +13.5% | 4th lowest of 9 |
| Hurdle (Req g minus delivered) | +13.8 pp | -12.9 pp | 2nd most demanding of 9 |
| ROIC minus cost of capital | -2.6 pp | +6.8 pp | 5th lowest of 14 |
| EV / EBITDA | 15.1× | 12.5× | 5th most expensive of 10 |
| Net debt / EBITDA | 1.1× | 1.0× | 6th most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Seiko 8050.T | Japan | $4.71B | +54% | +16% | 11% | 21.0× | 24.4% | +10.6% |
| Laopu Gold 6181.HK | Hong Kong | $6.84B | -48% | +109% | 27% | 6.9× | n/a | n/a |
| Samsonite 1910.HK | Hong Kong | $2.52B | -6% | +1% | 15% | 10.3× | -12.2% | +18.0% |
| Pandora A/S PNDORA.CO | Denmark | $10.1B | +67% | +1% | 24% | 13.7× | -6.9% | +11.4% |
| Lao Feng Xiang 600612.SS | China | $2.04B | -17% | -40% | 6% | 17.2× | -16.9% | +0.4% |
| Swatch Group Ltd. Bearer UHR.SW | Switzerland | $11.3B | -13% | 0% | 2% | 43.1× | 21.6% | +2.3% |
| China National Gold Group Gold Jewellery 600916.SS | China | $1.80B | -20% | -9% | 0% | 28.6× | 24.2% | +15.6% |
| PC Jeweller PCJEWELLER.NS | India | $1.63B | +67% | +29% | 24% | n/a | n/a | n/a |
| Sky Gold and Diamonds SKYGOLD.NS | India | $1.56B | +92% | +73% | 7% | 31.5× | n/a | n/a |
| Savaria SIS.TO | Canada | $1.53B | +3% | +7% | 14% | 19.9× | 9.3% | +20.8% |
| Chow Tai Fook 1929.HK | Hong Kong | $15.0B | +3% | +5% | 19% | 11.3× | -8.1% | +6.1% |
| Thangamayil Jewellery THANGAMAYL.NS | India | $1.37B | +1% | +78% | 6% | 29.4× | 28.5% | +36.1% |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |