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After 10 years it will be likely that the Kinetic capacitor will need upgrading. Your watch is designed to tick in two second intervals to tell you the power is very low. The power button will work again when it has some power to show. Yorkshire Watches www,yorkshirewatches.co.uk can do the upgrade for you if your in the UK. Give them a ring.
I have been trained by a Master watch maker and I have worked on many Seiko Kinetic watches. Yes the original watches came with a capacitor that is charged by your arm movement. But unfortunately, they seem to only last a few years. All replacements are now done with a Lithium Ion battery that is much better and lasts longer than the original capacitor. This is the correct solution and don't try to use a battery type that is used in other quartz watches.
Can be fixed in less than one week and cost is less than $80. See web site for Timelywatch repar.com. They guarantee their work. And yes, the old capacitors are only good for 3-4 years. All replacements are now with a much better, long lasting Lithium Ion battery.
For sure it is time to replace that old capacitor and replace it with the latest solution that uses a Lithium Ion battery. Find a good experienced repair person to do this for you. I do this daily and I am a Certified Master Horologist/watch repairman.. Ron at TimelyWatchRepair.com
This watch does not have a battery, but
has a capacitor which is rechargable.
It is not taking a charge, and needs to
be replaced. You should take it to a store
with a watchmaker ON THE PREMISES. Or you
could send it to:
I highly suspect and probably you also suspect that the energy storage capacitor needs to be replaced. My experience in working on these is that they are only good for about 3-4 years. I only replace with a new Seiko Lithum Ion battery. Check www.timelywatchrepair.com