1936 Navy Special Large Maneuvers Fleet Review Participation Commemorative Watch Fob/無敵艦隊海軍特別大演習観艦式参加記念章

1st variation.

Obverse

無敵艦隊 - Invincible Fleet [funny that it also could be read as Spanish Armada]

reverse

昭和十一年度 - 1936

海軍特別大演習 - Navy Special Large Maneuvers

観艦式参加記念 - Fleet Review Participation Commemorative

 

2nd variation.

Reverse additionally stamped with

綾波 - Ayanami /lit. "Twilled Waves"/ was the eleventh of twenty-four Fubuki-class destroyers, built for the Imperial Japanese Navy following World War I. When commissioned, these ships were the most powerful destroyers in the world.