The scene shows one of the most famous incidents of mounted archery (yabusame). During the Gempei war (1180-1185), the Heike withdrew to their boat and the persecuting Genji were stopped from the sea. They mounted a fan on one of their ship's mast and requested their pursuers to shoot it down.
Nasu no Yoichi accepted the challenge, rode to the sea and hit the fan with the first shot.

This illustration, however, shows that the shot was fired from the shore and is a lithographic print according to a template of Hiroshige.
Beautiful sheet treating the subject Kyûdô / Kyûjutsu.

Artist: Utagawa Hiroshige (1797 - 1858)
Signature:
Format: approx. 40,5 x 31,5 cm.
Year of publication: around 1920 (Taishô)
Style: Hand-coloured lithography
Condition: Slightly soiled all over due to its age, darkened, centerfold, small crack at the lower left edge (reinforced).
Colours: Good.

The image may slightly vary in colour to the original due to the photo/scan.