The story
Founding and early development
Kamekichi Yamazaki was a watch and precious-metals merchant who sought to establish domestic watch production in Japan. In 1918, he founded the Shokosha Watch Research Institute, the predecessor of Citizen Watch. The institute initially assembled watches from imported Swiss components, but subsequently introduced European machine tools to manufacture parts in-house. It also established an educational institution to train watchmakers.
The institute completed its first pocket watch in December 1924. According to Citizen's corporate account, the name "Citizen" was proposed by Gotō Shinpei, then mayor of Tokyo City and an acquaintance of Yamazaki, in the hope that the watch would be widely used and appreciated by ordinary citizens.
After the Shokosha institute encountered financial difficulties, Ryoichi Suzuki, who had managed a watch-assembly operation associated with the Swiss watch merchant Rodolphe Schmid, proposed acquiring its equipment. In May 1930, Citizen Watch Co., Ltd. was established by Yamazaki, Yosaburo Nakajima and Suzuki. Yamazaki became chairman, Nakajima became the first president, and Suzuki was placed in charge of the factory.
Citizen completed its first wristwatch in 1931. During the mid-1930s, it established the Tanashi factory, which became its principal manufacturing base. Machine-tool production also began during this period. The company was renamed Dainippon Watch Co., Ltd. in 1938 and resumed the Citizen Watch name in 1948.
Citizen was listed on the Tokyo Stock Exchange in 1949. During the post-war period, the company expanded its watch-component manufacturing through affiliated factories in Japan. Heiwa Tokei Seisakusho was established in Iida, Nagano, in 1949, and a component-manufacturing company was established in Miyota, Nagano, in 1959. The latter developed into the Miyota movement-manufacturing operation.
Expansion and diversification
Citizen introduced a calendar-equipped wristwatch in 1952, which the company describes as the first Japanese-made model of its type. Exports of wristwatches began in 1955, and in 1960 Citizen entered an import-export agreement with the American watch company Bulova.
The group began external sales of machine tools in 1961. Citizen subsequently diversified into business machines, electronic components and health-care products. In 1966, it released the X8, described in the company's product history as Japan's first domestically produced electronic wristwatch. In 1970, it developed the Cincom computer-numerically-controlled automatic lathe.
Citizen introduced its first quartz wristwatch in 1973. In 1976, it released the Crystron Solar Cell, which the company describes as the world's first analogue quartz wristwatch powered by a solar cell. The technology became the basis of the later Eco-Drive system.
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During the 1980s, Citizen expanded into printers, LEDs and electronic thermometers. The company also developed sensor-equipped watches, diving watches and watches capable of recording sound. In 1993, it introduced a multi-station radio-controlled wristwatch, and in the mid-1990s began marketing its solar-charging watch technology under the Eco-Drive name.
In 1990, Citizen established the Citizen of the Year award to recognise people whose activities contributed to social progress and inspired other citizens.
Citizen moved its headquarters from the Shinjuku Mitsui Building to the Tanashi site in Nishitōkyō in 2001.
Holding-company restructuring and acquisitions
In April 2007, Citizen adopted a pure holding-company structure. The existing company was renamed Citizen Holdings Co., Ltd., while the watch business was transferred to a newly established operating company named Citizen Watch Co., Ltd.
Citizen acquired Bulova Corporation in 2008. In 2012, it acquired Prothor Holding SA, whose subsidiaries included the Swiss movement manufacturer Manufacture La Joux-Perret and the watch brands Arnold & Son and Angelus. The acquisition formed part of Citizen's expansion into higher-priced mechanical watches.
In 2016, the group acquired Frédérique Constant Holding SA, bringing the Frédérique Constant, Alpina and Ateliers deMonaco brands under Citizen ownership.
In October 2016, Citizen Holdings absorbed the watch operating company and Citizen Business Expert Co., Ltd. The surviving company was renamed Citizen Watch Co., Ltd., changing the group from a pure holding-company structure to an operating holding-company structure centred on the watch business.
Recent developments
Citizen moved from the First Section of the Tokyo Stock Exchange to its Prime Market in April 2022 following the exchange's market restructuring.
Yoshitaka Oji became president and CEO in April 2025.
From Wikipedia’s article on Citizen Watch, shared under CC BY-SA 4.0.5
