Made in pure silver. Obverse 有功章 - Merit Badge Issued on February 28, 1940 to Saward Torazo from Iwase Ditrict of Toyama City. Original case. Badge was made by Ariyama Kinseido in Kyoto https://asiamedals.info/threads/badges-labels-and-marks-of-ariyama-kinseido.21642/
asiamedals.info