Japanese brand of an UK importer. 70s.
Built in Japan and imported into the UK by Hohner in the late 1960s or early 1970s. (source: the guitar collection of Guy Mackenzie's website)
This trademark has been identified by researcher Willie G. Moseley as a "House Brand" of the F. W. Woolworth (Woolco) department stores.
Further information from authors Tony Bacon and Paul Day indicate that guitars with this trademark originated in Japan (later Korea) during the 1960s and 1970s" [Source: Talk bass forum, collected by Jedistar.com]