This is a sword by Minamoto Kunitsugu, a master known for producing top-grade cutting swords (ōwazamono) in the Heisei era.
The blade has a wide profile with a slightly thinner mune (back), making it well-suited for tameshigiri (test cutting). It comes with a luxurious custom-made koshirae (mounting).
There is a slight scuff in the monouchi (cutting area), but it is fully usable for tameshigiri in its current condition.
A polishing touch-up (nuguinaoshi) can be done for ¥100,000.