Obverse
剣 for 剣道 - Kendo
reverse
明治中學 - Meiji Junior High School
昭和七年 - 1932
壬申 - Rén Shēn (9th of the Gan-Zhi sexagenary cycle to count years)
秋 - Autumn
剣道部 - Kendo Club
Original case.
Watch fob was made by Tokyo Medal Works https://asiamedals.info/threads/badges-and-watch-fobs-made-by-tokyo-medal-works.22808/