Bonjour Showa,
The one on top is:
石川縣愛国議会明治三十七八年戦役記念
Ishikawa-ken Aikokugikai Meiji sanjū shichi hachi nen, sen'eki kinen.
Ishikawa prefecture, Patriot's Society, Meiji 37/38 in commemoration of wartime service. In the center of the cup is the word 凱旋 (triumph).
The one on the bottom is:
贈 伊比信一君 To Ihi Nobuichi-kun (other pronounciations of this name are possible)
小銃競点射撃 Rifle Marksmanship
壹等賞 First place
In the center of the cup: 清水 Shimizu (I think in this case it could be the maker of the cup)