Well,........ I'll man up and admit that my 86 ALAN Carbonio lived most of it's life since 1986 as a Nishiki, till I bought it a couple of years ago from fellow C&V forum member "schnibop".
What I understand is, Nishiki back then wanted to join the new CF band wagon, but did not have a CF bike ready to build and sell to the public, so they went and bought some Record Carbonio framesets from ALAN and had Nishiki decals applied on them. Otherwise the frameset is identical to the Carbonios ALAN sold under their brand name, identical down to all the gold anodized garnishes and "ALAN" pantographing on the frameset and the serial numbering pattern and maybe even within ALAN's numbering sequences.
Thank God the appropriate ALAN decals sets are pretty easy to find, so other than the careful application/alignments I had to do to install the decals using all sorts of images of ALAN Carbonio bikes, it was pretty easy to turn it back into an ALAN Carbonio. Thank God too that Nishiki did not get too picky and demanded ALAN to delete all the "ALAN" pantographing on the frame and fork, as the pantographing is a big deal on these ALAN frames.
Anyway, I think the bike never looked like any Nishiki that was being produced back then and the frameset was dying to get back it's Italian/ALAN Carbonio identity.....
BTW, I did leave one last Nishiki sourced decal on the frame.... see that one near the headtube saying "Carbon/Kevlar"? I guess that last decal keeps the bike "honest" about its interesting history.....