This is an actual arcade stick from a Japanese Virtual On Oratorio Tangram (VOOT) arcade machine. I believe these are also used on Outrigger arcade machines and the sticks used on Virtual On Force are very similar, only differing in color and the style of the thumb button. These are completely different than the home-use sticks for Saturn, Dreamcast, PC and even the newer Hori twins-sticks which use Sanwa Parts.
If you or anyone you know owns one or more of these sticks, or even just parts and are willing to sell please get in contact with me.