Company Profile Review Epson, a Technology Company from Japan

This article is about Epson’s Complete Company Profile from Japan.

What kind of company is Epson?

Seiko Epson Corporation, or simply known as Epson, is a Japanese multinational electronics company and one of the world’s largest manufacturers of computer printers and related information and imaging equipment. Headquartered in Suwa, Nagano, Japan, the company has many subsidiaries worldwide and manufactures inkjet, dot matrix, thermal and laser printers for consumer, business and industrial use, scanners, laptop and desktop computers, video projectors, wristwatches, point of sale systems, robots and industrial automation equipment, semiconductor devices, crystal oscillators, sensing systems, and other related electronic components.

The company has grown as one of the manufacturing and research & development companies (formerly known as Seikosha) of the Seiko Group, a name traditionally known for Seiko watchmaking since its founding. Seiko Epson is one of the major companies in the Seiko Group, but does not belong to the Seiko Holdings Group.

Epson Company Electronics Industry Established May 18, 1942; 80 years ago (as Daiwa Kogyo, Ltd.)

Epson Corporate Headquarters is located in Suwa, Nagano, Japan (Officially registered in Shinjuku, Tokyo)

Areas served by Epson -Worldwide

Epson Corporate Key People -Minoru Usui (Chairman & Director) Yasunori Ogawa (President, CEO & Representative Director)

Products Information related equipment, Electronic devices, Precision products

Epson Corporate Revenue 1.129 trillion (2021) (US$9.231 billion)

Number of Epson Company Employees 77,642 (2022)

The Epson Company website is global.epson.com

Seiko Epson Corporation’s roots go back to a company called Daiwa Kogyo, Ltd. which was founded in May 1942 by Hisao Yamazaki, local watch shop owner and former employee of K. Hattori, in Suwa, Nagano, Japan. Daiwa Kogyo was backed by investment from the Hattori family (founders of the Seiko Group) and started as a manufacturer of watch parts for Daini Seikosha (currently Seiko Instruments).

The company began operations in a renovated 230 square meter (2,500 square foot) miso warehouse with 22 employees. In 1943, Daini Seikosha set up a factory in Suwa to manufacture Seiko watches with Daiwa Kogyo. In 1959, the Suwa Daini Seikosha Factory was split and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation.

The company has developed many watch technologies. In particular, he developed the world’s first portable quartz timer (Seiko QC-951) in 1963, the world’s first quartz wristwatch (Seiko Quartz Astron 35SQ) in 1969, the first automatic power generation quartz wristwatch (Seiko Auto-Quartz ) in 1988 and the Spring Drive watch movement in 1999.

The watch business is at the root of the company’s high-precision technology and micromechatronics and is still one of the key businesses for Seiko Epson today although it accounts for a few percent of total revenue.

The watches made by the company are sold through Seiko Watch Corporation, a subsidiary of Seiko Holdings Corporation. The watch brand Orient Watch/Orient Star is owned by Epson since 2009 (fully integrated into the company in 2017).

Seiko Epson Corporation’s roots go back to a company called Daiwa Kogyo, Ltd. which was founded in May 1942 by Hisao Yamazaki, local watch shop owner and former employee of K. Hattori, in Suwa, Nagano, Japan. Daiwa Kogyo was backed by investment from the Hattori family (founders of the Seiko Group) and started as a manufacturer of watch parts for Daini Seikosha (currently Seiko Instruments). The company began operations in a renovated 230 square meter (2,500 square foot) miso warehouse with 22 employees. In 1943, Daini Seikosha set up a factory in Suwa to manufacture Seiko watches with Daiwa Kogyo.

In 1959, the Suwa Daini Seikosha Factory was split and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation. The company has developed many watch technologies. In particular, he developed the world’s first portable quartz timer (Seiko QC-951) in 1963, the world’s first quartz wristwatch (Seiko Quartz Astron 35SQ) in 1969, the first automatic power generation quartz wristwatch (Seiko Auto-Quartz ) in 1988 and the Spring Drive watch movement in 1999. The watch business is at the root of the company’s high-precision technology and micromechatronics and is still one of the key businesses for Seiko Epson today although it accounts for a few percent of total revenue.

The watches made by the company are sold through Seiko Watch Corporation, a subsidiary of Seiko Holdings Corporation. The watch brand Orient Watch/Orient Star is owned by Epson since 2009 (fully integrated into the company in 2017).

In 1961, Suwa Seikosha founded a company called Shinshu Seiki Co. as a subsidiary to supply precision parts for Seiko watches. When the Seiko Group was selected to be the official timekeepers for the 1964 Summer Olympics in Tokyo, a printing timer became necessary to keep track of times, and Shinshu Seiki began developing an electronic printer.

In September 1968, Shinshu Seiki released the world’s first mini printer, the EP-101 (“EP” for Electronic Printer,) which was soon incorporated into many calculators. In June 1975, the name Epson was coined for the next generation printer based on the EP-101 which was released to the public. (EPSON:E-P-SON: SON from Printer Electronics).

In April of the same year Epson America Inc. was founded to sell printers for Shinshu Seiki Co.

The Board of Directors of the Seiko Epson Company

Minoru Usui

current position — Chairman and Director

Yasunori Ogawa

current position — Main Director and Representative

Koichi Kubota

current position — Representative Director, Senior Managing Executive Officer

Tatsuki Seki

current position — Director, Senior Managing Executive Officer

Hideaki Omiya

current position — Outside Director

Mari Matsunaga

current position — Outside Director

Masayuki Kawana

current position — Director, Audit Committee & Full Time Supervisor

Yoshio Shirai

current position — outside Director, Audit & Supervision Committee Member

Epson Company Development

In 2004, the Epson Company introduced their R-D1 digital RangeFinder Camera, which supports both Leica M mount and Leica screw mount M39 lenses with adapter rings. This camera is the first digital rangefinder on the market. Because the sensor is smaller than a standard 35mm film frame, the lens attached to the R-D1 has a field of view 1.53 times longer than a standard 35mm camera. As of 2006 the R-D1s have been replaced by the R-D1s. The R-D1 is cheaper but the hardware is identical.

The Epson company has released a firmware patch to bring the R-D1 to the full functionality of its successor-the first digital camera manufacturer to make such an upgrade available free of charge.

In September 2012, the Epson Company introduced a printer named Epson Expression Premium XP-800 Small-in-One. It has the ability to print wirelessly. Furthermore, the Expression name has followed various scanner models. In September 2015 Epson debuted a printer, the Epson ET-4550 which replaces the print cartridge, allowing users to pour ink into an inkwell separate from the ink bottles.

In the third quarter of 2012, the Epson Company’s global market share in sales of printers, copiers and multifunction devices was 15.20 percent. Epson is also involved in the smartglasses market. Since 2016 the company has three different models. The first is the Epson Moverio BT-100, followed by the Epson Moverio BT-200. In 2016 the company also released the company-oriented Moverio Pro BT-2000, an upgraded version of the BT-200 with a stereoscopic camera.

The company was also the first to release consumer smart glasses with see-through optics which made them very popular among drone pilots as they can get a first-person view while still being able to see the drone in the sky.

\

Epson Enterprise Renewable Energy Program

Seiko Epson Corporation (TSE: 6724, “Epson”) has commenced using the on-site solar power generation service (model PPA1) provided by SMFL MIRAI Partners Co., Ltd. (“SMFL MIRAI Partners”), a strategic subsidiary of Sumitomo Mitsui Finance and Leasing Co., Ltd. (“SMFL”).

Pursuant to this agreement, SMFL MIRAI Partner owns the roof-mounted solar generator equipment of Fujimi Epson Factory which will repair and maintain the equipment. The panels used in the system, have a capacity of 549 kW and can supply around 667 MWh of electricity per year (the equivalent amount used by about 150 typical households). All electricity generated will be supplied to the Fujimi Plant, reducing annual CO2 emissions by approximately 253 tons. Fuji Furukawa Engineering & Construction Co., Ltd., which is in charge of EPC[2], built the solar power generation system.

This is the first solar power generation system using the PPA model introduced at Epson’s site in Japan. This marks the start of domestic efforts to increase the amount of power Epson produces privately and will contribute to the expansion of renewable energy sources, for which public demand continues to increase.

MIRAI’s SMFL partners are using this as a springboard to propose the introduction of additional systems using the PPA model at Epson factories, offices and Group companies, and this will support the Epson Group’s efforts to expand the amount of power generated on site.

Epson is pursuing efforts to achieve its Environmental Vision 2050, which outlines the company’s long-term policy for environmental stewardship. Epson has also made the utilization of renewable energy an important part of the SBT achievement scenario[3] to achieve the Paris Agreement decarbonization goals. As well as achieving our own environmental goals, we will help build wider public recognition of the need for society as a whole to remove carbon and to promote a social environment that facilitates the adoption of renewable energy.

MIRAI’s SMFL partners are developing energy services such as on-site power generation and a clean electricity retail agency business. SMFL provides a variety of financial services, including leasing, for capital investments in renewable energy and energy-efficient equipment. The SMFL Group will continue to contribute to realizing a carbon-free society by providing solutions that support corporate decarbonization management

Originally published at https://pediacart.blogspot.com.