I also think Seiko shoots themselves in the foot a bit when it comes to international marketing. Take a look at most of the standard and Grand Seiko limited editions that tied into existing intellectual property: Gundam, Godzilla, JoJo's Bizarre Adventure. These are all hugely popular in Japan and among Japanophiles, but the average American or European -- whether middle class or upper class -- doesn't care about these properties.
Compare that to Rolex, which practically built its own cult of personality, or companies like Omega, who moves thousands of watches a year from their James Bond deal alone. Tag Heuer has a huge racing history, both with Americans like Steve McQueen and in heritage events like Le Mans. And Breitling leverages its historical significance every chance it gets with the Navitimer, this year's 806 1959 re-issue being a prime example. Hell, I'm sure Citizen saw a nice bump this year from Brad Pitt's choice of watch in "Once Upon a Time in Hollywood". Pitt chose to war that on his own, but I'd be certain Citizen got a nice sales boost as people got excited about vintage Citizen as a gateway into discovering the company's new stuff. And they'd be crazy not to release a reissue of the bullheads, or at least something a bit closer in design to the original than the Tsuno, nice as that watch is.
Seiko reminds me a lot of most artists: absolutely dedicated to their craft, able to produce some truly beautiful work but unable/unwilling to deal with the uglier financial realities. A few well-placed ads and a movie deal could go a long way to boosting their reputation up to where it should be.