I invited Nakahara Nobuo sensei as a lecturer and held the third study session for young sword dealers participating in my Nodakai sword auction. Nakahara sensei gave the lecture based on his 51-year career with swords, including his points of view how to appraise Japanese swords and sword fittings. I hope that young sword dealers will grow up and that they will all do good business and improve each other. After the class, we had Bonenkai, a fun year-end party with the teacher.