Across the top
祈武運長久 (pray for good luck in battle)
Vertically, down the left side
盡忠報国 Devote your life for your country
為西山峯吉(副文會長) For NISHIYAMA Minekichi* (Branch Vice President)
全勝 関口 分會長 Total Victory SEKIGUCHI, Branch President
西山峰吉 NISHIYAMA Minekichi
The rest are names and a couple of other patriotic slogans. Looks plausibly authentic.
*The recipient's given name could also be read as Mineyoshi