A timekeeping device has a reception unit that receives a satellite signal transmitted from a positioning information satellite, a time information generating unit that generates time information based on the received satellite signal, a time display unit that displays the time information, and a reception control unit that controls the reception unit. The reception control unit includes a signal condition detection unit that detects a signal condition of the received satellite signal, and a reception setting unit that sets the reception unit to a single satellite mode or a multi-satellite mode based on the detected signal condition.