Word: hattori
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Dates: during 1960-1969
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...contests, whose outcomes sometimes depend on milliseconds of difference. Last week, as the 18th Games got under way in Tokyo, the official timepieces were not European for the first time in Olympics history. They were Japanese, and they all bore one name: Seiko, the brand mark of K. Hattori & Co., Ltd., Japan's biggest watchmaker (1963 sales: $98 million...
Split-Second Timing. Hattori, founded in 1881 by a clock salesman of that name, started out as a shoestring importer of foreign timepieces, later pioneered Japan's own watch industry. Destroyed by a 1923 earthquake, Hattori rebuilt, only to be leveled again by U.S. bombers. That disaster proved to be a blessing. In starting from scratch the third time, the company virtually scrapped hand-assembly methods, today makes 75% of its watches by machine. As a result of its super-efficiency, Hattori claims to have been for five years the non-Communist world's largest maker of jeweled...
...when Tokyo was selected as the 1964 Olympics site, Hattori shrewdly picked a delegation of technicians to attend the 1960 Games in Rome, where they carefully studied timing problems and techniques. When the Tokyo Olympic Organizing Committee asked whether there was a Japanese company capable of providing time clocks for the 1964 Games, for the sake of national honor, Hattori was ready. Last week, after an investment of $850,000 in research, Hattori's men unveiled 1,300 ingenious Olympic time devices. They ranged from nine varieties of split-second stop watches to an electronic judge of swimming events...
Pushing the Undersell. For its services Hattori is paid only in prestige. "I hope some of the foreign visitors will remember us after the Olympics," says Company President Shoji Hattori, 64, second son of the late founder. To refresh their memories, Hattori salesmen are stepping up their export drive, in the past year have broken the Swiss monopoly in Norway, Denmark, and Sweden, where Seiko watches now sell at the rate of 9,000 a month. Another target is the U.S. market, which Hattori has heretofore tapped largely by supplying movements to Benrus. Despite forbidding U.S. tariffs, Hattori is beginning...