Most likely these badges were issued to the participants of an unknown conference. Original ribbon is missing.
Size 51 x 17 mm.
Thickness 7 mm.
Stylized combined logos of two railways South Manchurian Railway /Manetsu/...
1932 south manchurian railway rowing club badge
1932年南満洲鉄道漕船部復活第一回漕艦競漕章
south manchurian railway 1st rowing race badge
south manchurian railway badge
south manchurian railway watch fob
南満洲鉄道章
1st type /watch fob/.
In the center of obverse
Emblem of Manchukuo Railway General Administration Bureau that was in use until 1938
around the emblem
愛護鉄路 - Railway Protection/Protecting the Railway
reverse
愛護鉄路章 - Protecting the Railway Badge