Watch sales account for half of Casio Electronics sales in the UK

It seems peculiar to those of us in the watch world but, until this year, sales of watches accounted for only 40% of Casio Electronics’ turnover in the UK.

That share has increased to 50% in the latest financial year (ending March 31, 2017) after a strong performance from G-Shock and other brands under the Casio umbrella.

Casio Electronics, which until this year made the majority of its money from calculators, cash registers and business-to-business services, recorded a 2.9% rise in sales to £51.7 million.

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In the same 12 months, its watch business increased sales by around 5%, according to Mark Gladwin head of Casio’s Timepiece Division, and now accounts for half of group turnover.

The turnover from watches puts Casio neck-and-neck with Citizen’s performance in the 12 months to December 2016, which also notched sales of just over £26 million (up 2% year-on-year).

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