Gakeen Magnemo DX by Takara

Magne Robo Gakeen (マグネロボ・ガ・キーン, Magunerobo Ga Kiin) is a Japanese anime television series that aired from 1976 to 1977 in Japan.

This particular toy, made by Takara, features magnetic joints and an innovate set of accessories so that kids can make a car, robot, or their own creation.  Fists fire off as well as a waist missile; not accessories that could pass U.S. safety codes.

 There were 39 episodes. It is also referred to as "Magnerobo Ga-Keen", "'Gakeen Supermagnetron", "'Gakeen Magnetic Robot", "Robotman Gakeen", "Gakeen". Outside of Japan, several episodes were edited and cobbled together into a movie-length feature, and in this format it is also known as Magnos the Robot or Renegade Force.

 Doctor Kazuki, who perceived of an invasion of Earth by the Izaru people builds a robot based on the science of magnetism and sphere joint theory. Undergoing a dangerous augmentation process, Doctor Kazuki's daughter Mai becomes the pilot of "Mighty" or "Magnetman Minus". Takeru Hojo becomes the pilot of "Puraiza" or "Magnetman Plus". The pilots would hold each other and then physically transform their joint bodies in a metallic plate locking itself on the Gakeen (Short for "Gathering Keen") robot's frame thus enabling the super robot to move and fight.