ARROW 7 SPACE SHIP - SANKEI - JAPAN
A red, blue and white rocket. The little lithographed tin friction space ship has a tin astronaut pilot head on top behind a tin windshield. Blue metal wheels. 16cm
Spark window at rear. See also the Arrow Jet 12 version which has a spark hole in front of the pilot rather than at the rear.
Possibly Sankei, the K in three concentric circles logo, manufacturer of the Arrow 12 version.