Obverse
大元帥陛下御親閲 - His Majesty Grand Marshal of the Japanese Empire Personal Inspection
特别大演習参加記念 - Special Large Maneuvers Participation Commemorative
歩四九 - 49th Infantry Regiment
reverse
昭和九年十ー月 - November 1934
於加部関東平野 - In Kanto Plain
参加部隊 - Participating Units
衛兵師團 - Guards Division
第一師團 - 1st Division
第二師團 - 2nd Division
第四師團 - 4th Division
第十四師團 - 14th Division