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The text carved vertically into the wooden handle reads 「弥陀仏」 (Mida Butsu or Mida-butsu), written in cursive calligraphy.
This is the shortened or common Japanese translation for 阿弥陀仏 (Amida Buddha), the primary Buddha of Pure Land Buddhism.
The three characters are broken down as follows:
• 弥 (Mi)
• 陀 (Da)
• 仏 (Butsu)
When paired with the character 「本」 (Hon or Moto) visible near the top of the handle in your previous photo, it forms part of a common Buddhist phrase or dedication—most likely referring to 弥陀仏の本願 (Mida Butsu no Hongan), which signifies the "Primal Vow of Amida Buddha". This confirms that the bell was specifically created as a devotional implement used during Buddhist chanting, prayers, or altar ceremonies.