The Arrow was a miniature precision lathe whose headstock took 10 mm collets. It was manufactured by the machine-tool company "Matsuda" (Matsudaseiki) in Japan (http://www.matsudaseiki.co.jp) and was a very robustly built little machine with a wide bed.
Little is known of the maker, or the characteristics of the machine, and if any reader can supply additional photographs, copies of sales brochures or maintenance manuals - or details of how the lathe performs - I would be very interested to hear from them.