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Discussion Starter · #1 · (Edited)
Masuda was based in Japan and thought to be a business associate of Bandai. They are a known associate of Dapper. Several of their castings were reissued by Rei (Brazil).

Another association is listed with Oriental Limited (USA) a model train distributor. In the 1980s, Walthers included them in their catalogue as "kits consisting of pe-painted, die cast metal bodies". The rest of the kit was plastic pieces - save the metal axles. These kits originated from Masuda and carried their Modern Toy (MT) trademark.

Sourced references -

Encyclopedia of Small-Scale Diecast Motor Vehicle Manufacturers - Sahakangas, Foster & Weber (2006)
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