The Guppy was developed in 1979 as a cheap, low-cost Group C race car. The vehicle was developed using parts of previous Fuji Grand Champion Series cars that were no longer used to reduce cost;[2] the vehicle was advertised as "the world's cheapest Group C car". The car was given the MCS (Mooncraft Special) designation due to its relation to the older MCS Grand Champion cars.
The Guppy's first race was at the 1983 1000 km Fuji.[3] Two Guppies were entered: one driven by Toshio Suzuki and Toshio Motohashi and another driven by Taku Akaike and Yoshimi Katayama; they finished second and third respectively, behind Vern Schuppan and Naohiro Fujita's Trust Racing Porsche 956; this result equated to the Guppy scoring a class victory in its first race.[4]
In their first season, the Guppies failed to finish fairly frequently, with three of the races having at least one Guppy retiring. The Guppy would score two overall victories in 1984; following these victories, results were scarce for the Guppies, with only a single podium in the remaining years the Guppies competed and more retirements than finishes. When the Guppy did finish however it was usually in a non-scoring position.[5]
The last race a Guppy would participate in would be the 1988 500 km Suzuka; Unicorn Racing's Guppy, driven by Masami Shirai and Shunji Abe, would participate in this race but failed to finish due to a crash.[6] The last time a Guppy would be entered in a race was the Fuji 500 Miles the same year, the fourth race of the All Japan Sports Prototype Car Endurance Championship. Cactus Racing, having replaced their Mazda RX-7 they had used in previous rounds, would attempt to qualify at this race in a Guppy but failed.[7] By this stage, the Guppy was severely outdated with many teams having upgraded to Group C1 machinery. Despite the vehicle's performance in later years, the Guppy was well-liked by privateer teams due to its good balance making it easy to drive.[1]
Two chassis are known to exist as of 2011;[8] at least one of the chassis is maintained in working order and is often driven at historic racing events in Japan, such as the Suzuka Sound of Engine.[9]