Seiko has more than just watches under its belt

TOKYO — Seiko Group has outperformed Japanese watchmakers on the stock market this year, thanks in part to a not-so-secret second-earning factor.

In August, the company raised its net profit forecast for the year ending in March to 11.5 billion yen ($80 million), up 14% from a year earlier and 500 million yen more than previously forecast.