It is believed to be a badge of the former Japanese Air Force arawashi unit. ARAWASHI is stamped under the propeller. How about a military enthusiast?
International Buyers - Please Note. This item is in the category "Collectibles\Militaria\WW II (1939-45)\Original Period Items\Japan\Other Japanese WWII Orig Items".
The seller is "nabejun" and is located in this country: JP. This item can be shipped worldwide.