What a gorgeous sounding guitar. Hand painted label shows this guitar was not built for export. It was built for the Japanese domestic market. It is an intermediate level classical guitar with world class craftsmanship. The playability is excellent. The tone is pure bliss. You will rarely find one for sale and like a lot of Japanese brands it is completely undervalued. This is a 1961 classical guitar of exquisite build and tone hand made in Japan before Yamaha guitars were even a thing. 120$ is the asking price. It is usually priced around 300$ or more, but is undervalued even at that. To me its a 700$ guitar without question. ....120$ gets it.