Tsubame Note started in 1936 in Japan as a stationery company. Ten years later, in 1946 they started making their own paper and notebooks. Tsubame's paper, named Fool's paper, was a response to the popular high end Foolscap paper from England at that time. (Fool's Cap was used as a watermark for paper long before, and it became a standard unit for paper size and a synonym for good paper.)