Introduced about 1972, using calibre 550. Available in stainless steel or gold plated. Advertised in 1973 as the “Ricoh quartz crystal wrist computer, guaranteed accurate to 5 seconds a month ... miniature miracle ... guaranteed for two years” for $295 (the mechanical watches carried a ten year guarantee)
The 550002 features better accuracy than the 550003 (+-5 secs/month vs +-15 secs/month) despite using the same movement. There is a difference in cost reflecting this (¥93,000 vs ¥55,000)
| Case number | Movement number | Case material | Dial | Date | Notes |
| 122376 | 011346 | Stainless steel | Two tone silver without stone | ||
| 122646 | Stainless steel | Two tone silver without stone | |||
| 122797 | 022966 | Stainless steel | Fading brown dial | Sep 1972 | Also marked B54AB |
| 123098 | Stainless steel | Silvered without stone | |||
| 123117 | Stainless steel | Silvered without stone | |||
| 123148 | Stainless steel | ||||
| 123509 | Stainless steel | July 72 | |||
| 123605 | 015227 | Stainless steel | Flat white without stone | Jul 1972 | |
| 123??? | Stainless steel | Jul 1972 | |||
| 312205 | Stainless steel | Silvered | |||
| 312603 | 024188 | Stainless steel marked “550002 CA” | Sep 1972 | YouTube | |
| 312928 | Stainless steel "550002 CA" | Two tone silvered | |||
| 313224 | Stainless steel “550002 CA” | Plain silvered | |||
| 313465 | Stainless steel “550002 CA” | Two tone painted | |||
| 313468 | 012683 | Stainless steel “550002 CA” | Two tone painted | Oct 1972 | |
| 313709 | 024887 | Stainless steel “550002 CA” | Two tone silvered | ||
| 322389 | 015145 | Gold plated | Brown fade | Aug 1972 | |
| 322478 | Gold plated | Two tone gold | Sep 1972 | ||
| 323264 | 021906 | Gold plated “550002 CA” | Brown fade | Gilt mesh bracelet | |
| 422295 | Stainless steel | Tiger eye | |||
| 422372 | Stainless steel | Tiger eye signed "Tiger eye" | 93.000 yen tag | ||
| 522230 | Gold plated "550002 CA" | Tiger eye signed "Tiger eye" | |||
| 622112 | Stainless steel “550002 BA” | Dec 1972 | Case only. Serial number faint so not 100% | ||
| 622170 | Stainless steel “550002 BA” | Two tone silver | |||
| 622272 | Stainless steel “550002 BA” | ||||
| 722353 | Gold plated "550002 BA" | Two tone gold | |||
| 722439 | Gold plated "550002 BA" | Two tone gold |