There is "Merit Cup Zushi 1992" on the dial.
I will send you a more beautiful picture with the dial visible by the weekend, so please wait for a while.
In my opinion, this generation of Formula1 watches could be purchased for around $300 in Japan, so they were often used as a base for novelty goods as inexpensive Swiss watches.
I know some more variations such as a hotdog press version (Japanese fashion magazine) and the "Toms" version (a tuner of TOYOTA car).
But I don't have, so I can't show photos of them.