Origins The roots of Seiko Epson Corporation go back to a company called Daiwa Kogyo, Ltd. which was founded in May 1942 by Hisao Yamazaki, a local clock shop owner and former employee of
K. Hattori, in
Suwa, Nagano. 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). The company started operation in a 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 was split up and merged into Daiwa Kogyo to form Suwa Seikosha Co., Ltd: the forerunner of the Seiko Epson Corporation. The company has developed many timepiece technologies, such as the "Magic Lever" bi-directional winding system in 1959, Watches made by the company are sold through the Seiko Watch Corporation, a subsidiary of Seiko Group. The watch brand
Orient Watch, and its sub-brand Orient Star, has been owned by Epson since 2009 and was fully integrated into the company in 2017.
Printers In 1961, Suwa Seikosha established a company called Shinshu Seiki Co. as a subsidiary to supply precision parts for Seiko watches. When Seiko was selected to be the official time keeper for the
1964 Summer Olympics in Tokyo, a printing timer was required to time events, and Shinshu Seiki started developing an electronic printer. In September 1968, Shinshu Seiki launched 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 of printers based on the EP-101, which was released to the public. The Epson name was coined by joining the initials EP (Electronic Printer) and the word
son, making "Epson" mean "Electronic Printer's Son". In April of the same year, Epson America Inc. was established to sell printers for Shinshu Seiki Co. In June 1978, the
TX-80 (TP-80), an eighty-column
dot matrix printer, was released to the market and was mainly used as a system printer for the
Commodore PET computer. After two years of further development, an improved model, the
MX-80 (MP-80), was launched in October 1980. By 1982 Epson reportedly had 75% of the printer market; its products were so beloved that
Steve Wozniak joked, "I doubt we'll ever bomb Japan as long as they make Epson printers". In July 1982, Shinshu Seiki officially named itself the Epson Corporation. In May 1983, it released the world's first portable colour LCD
TV. In November 1985, Suwa Seikosha Co., Ltd. and the Epson Corporation merged to form Seiko Epson Corporation. The company developed the Micro Piezo inkjet technology, which used a
piezoelectric crystal in each nozzle and did not heat the ink at the print head while spraying it onto the page, and released the Epson MJ-500 inkjet cartridge for the Epson Stylus 800 printer in March 1993. Shortly after in 1994, Epson released the first 720
dpi colour inkjet printer, the Epson Stylus Color (P860A) utilizing the Micro Piezo head technology. Newer models of the Stylus series employed Epson's special DURABrite ink and used two
hard drives (an HD 850 and an HD 860). In 1994, Epson started to outsource sales representatives to help sell its products in retail stores in the United States. The same year, it started the Epson Weekend Warrior sales program. The purpose of the program was to help improve sales, improve retail sales reps' knowledge of Epson products, and to address Epson customer service in a retail environment. Reps were assigned on weekend shifts, typically around 12–20 hours a week. Epson started the Weekend Warrior program with TMG Marketing (now Mosaic Sales Solutions), and later with Keystone Marketing Inc, then returned to Mosaic, and switched again to Campaigners Inc. on June 24, 2007 after the Mosaic contract expired. The sales reps of Campaigners, Inc. are not outsourced; Epson hired
rack jobbers to ensure retailers displayed products properly, freeing up its regular sales force to concentrate on profitable sales solutions to
value-added resellers and system integrators, leaving "retail" to reps who did not require sales skills.
Computers Epson entered the
microcomputer market in 1982 with the
HX-20 (HC-20 in Japan), which is also the world's first
notebook computer. It entered the
home computer market with the
QX-10, a
CP/M-compatible
Z80 machine. By 1986, the company had shifted to the growing
IBM PC compatible market with the
Equity line. Epson also manufactured and sold
NEC PC-9801 clones in Japan. In the United States, it marketed the
ActionNote line of PC-compatible notebooks from 1993 to 1996. Epson withdrew from the international PC market in 1996.
21st century In June 2003, the company became public following its listing on the first section of the
Tokyo Stock Exchange. Since 2017, the company is a constituent of the
Nikkei Stock Average index. Although Seiko Group Corporation (
f/k/a K. Hattori, Hattori Seiko, and Seiko Holdings) and the key members of the Hattori family still hold approximately 10% of the outstanding shares of Seiko Epson, the company is managed and operated completely independently from Seiko Group. Seiko Watch Corporation, a division of Seiko Group, produces Seiko timepieces in-house through its subsidiaries as well as delegates the manufacture of some of its high-end watches (Seiko Astron, quartz and Spring Drive models of Grand Seiko, Credor, etc) to Epson. The company makes some of Seiko's highest-grade watches at the Micro Artist Studio inside its Shiojiri Plant in
Shiojiri,
Nagano. Beside Seiko timepieces, Epson develops, designs, manufactures, markets, and sells watches under its own brands such as
Orient, and Orient Star. In 2004, Epson introduced its
R-D1 (the first digital rangefinder camera on the market), which supports the
Leica M mount and
Leica M39 mount lenses with an adapter ring. Because its sensor is smaller than that of the standard
35 mm film frame, lenses mounted on the R-D1 have a narrower
field of view by a factor of 1.53. In 2006, the R-D1 was replaced by the R-D1s, a cheaper version with identical hardware. Epson has released a firmware patch to bring the R-D1 up to the full functionality of its successor, being the first digital camera manufacturer to make such an upgrade available for free. In November 2011, Epson entered the
smartglasses market under the Moverio brand. The BT-100 was the first consumer smartglasses with transparent optics, which were popular with
drone pilots for providing a first-person view while still being able to see the drone in the sky. In September 2012, Epson introduced a printer called the Expression Premium XP-800 Small-in-One, with the ability to print wirelessly. The Expression brand name has since been used on various models of scanners. In the third quarter of 2012, Epson's global market share in the sale of printers, copiers and multifunction devices amounted to 15.20 percent. In September 2015, Epson debuted the ET-4550 printer, which enables the user to pour ink into separate inkwells from ink bottles instead of cartridges. In 2016, Epson presented the large-format SureColor SC-P10000 ink printer; it prints with inks in ten colours on paper up to wide. By 2025, Epson appeared to have the best (as judged by
Consumer Reports) "
all-in-one tank inkjet printers" on the market. ==ESC/P==