Originally Posted by
OLDYELLR
That frame looks exactly like my Nishiki Ultimate.
Near as I can telll, the Professional and Ultimate were the same model but it went through a name change. We've seen both with KAxxxxx serial numbers, so my assumption has always been that it was Professional through the 1981 model year and that Ultimate was adapted for the 1982 models that they stated manufacturing in the autumn of 1981.