► Subscribe to the Financial Times on YouTube: http://bit.ly/FTimeSubs<br /><br />Casio has expanded operating margins and doubled net income thanks to niche products and discipline over how it spends money. But can it continue to thrive in the era of the smartwatch? Robert Armstrong, head of Lex, reports.<br /><br />► Lex: http://bit.ly/1I14JZF<br /><br />► FT Markets: http://bit.ly/1J5HNd3<br /><br />► The Apple Watch: http://bit.ly/1LlcpEM<br /><br />Twitter https://twitter.com/ftvideo<br />Facebook https://www.facebook.com/financialtimes