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Racing bike, laminated mahogany hollow frame, by ship builder Sueshiro Sano, 2022
(sanomagic.world.coocan.jp)
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Depending on the laminate and parts design it could be pretty functional. I don't think you'd want to do more than take it for a couple of laps around a track though.
Unless you're Sam Pilgrim. That dude will ride any bike down the gnarliest obstacles. A few months back he rode a bike made of bamboo that collapsed under him after going off a jump with it. The bike had only been ridden for about half a day.
On Sano's page there's a link titled "Race Results by Mr. Chomei and his Mahogany Bike No. 7 ". Looks like another mahogany bike was made in 2009 and was used in several races over ten years.