I thought this was Chinese at first due to no Japanese chars, so that's extra confusing trying to read it like that. It's a Japanese scholarship award.
ChatGPT says it means roughly:
"Presented to Mr. Bun'o Hebime for the Completion of the Ikuei Scholarship in 1980, [by] the Association."
This commemorates a scholarship given by the Yomiuri Shinbun newspaper to delivery personnel. The recipient’s surname is very unusual, meaning “snake eyes,” shared by an estimated 90 people in Japan. I think his full name would be read Fumio Janome—does that sound right, @mountainunder -san?
Yes, I believe it is Fumio Janome.
In Japan, Janome is famous for its sewing machines.
Japanese Newspaper Scholar Wiki
https://ja.m.wikipedia.org/wiki/新聞奨学生
This is a commemorative watch given to you when you graduate from school (University?) after working hard at the newspaper delivery shop.
Another Graduation Commemorative Watch Article
https://ameblo.jp/tomslunch/entry-12576157904.html
https://ameblo.jp/meganegyousei/entry-12772586349.html