1st variation "ungilded kanji 功勞".
Obverse
功勞 - Merit
reverse
財団法人 - Foundation
日本傷痍軍人会 - Japanese Disabled Veterans Association
Original case.
All known variations of this badge were manufactured by Tenkodo workshop in Kyoto...
Reverse
horizontally
大日本傷痍軍人會 - Greater Japanese Empire Wounded Soldiers Association
vertically
功勞章 - Merit Badge
Original case.
All known badges were made by Minami workshop.
南謹製 - made by Minami