well no, certainly not made by Hardy.
The lineage of the Daiwa fly reels, including SA System One in the '80s made by Daiwa, goes back to Olympic-Seiko Hardy clones beginning in the '60s, when they copied Hardy Lightweight series style and checkwork. Some of the parts will interchange between the Olympic Hardy clones and Lightweights - principally, springs, pawls, and 2-screw line guard.
(Used to replace worn-through Hardy nickel silver line guard with Olympic-Seiko chromed brass)


The Altmor from the new millenium will be refined by updated manufacturing to meet a large market in both Japan and UK.

I’m not sure how many of those Daiwa dual pawl reels I have—Hardy clones, SFs, Lochmores, 730s. Well over a dozen. Workhorse reels that just get smoother with use.

thanks for showing the Altmor - that's a good looking reel, significantly nicer to my eyes than the old Daiwa Hardy-clones.
the check looks exactly like the Daiwa SF706, as in the thread whrlpool linked.

Wow, this thing is tiny; In a good way and im very fond of the craftsmanship shown of it’s maker. I have absolute respect for various Japanese Machine tools i’ve run over the years; so im not the least surprised. Looks like a couple more of these in respective sizes might be worth pursuit?

I’m wondering how this would pair with the Phillipson f60c blank i have; carrying the 150 gr. Commando smooth line?

I have owned both the S-100 and the S-200 models. In my mind, the S-100 was a perfect 4wt reel, and the S-200 was a perfect 5wt or 6wt reel, if you didn't need too much backing. I liked them, although I believe I thought they were a little on the loud side, but not nearly as loud as the Daiwa Lochmor and Daiwa SF series reels from earlier days...