Due to the film's age and limited available documentation, there is no identifiable information regarding LGBTQ+ characters or themes within 'Flashing Blade'. Therefore, an evaluation of its portrayal is not applicable.

The film 'Flashing Blade' does not contain any identifiable transsexual characters or themes based on the provided context. Consequently, there is no specific portrayal to evaluate regarding transsexual identity or experiences within the narrative.

The movie does not contain any action or adventure elements.

Due to the film's age and obscurity, there is no widely available information on its source material or specific characters that would indicate a gender swap from an established canon or historical record.

This 1926 Japanese silent film, a jidaigeki, features Japanese actors portraying characters within a Japanese historical context. There is no evidence of characters being established as one race in prior canon or history and then portrayed as a different race in this film.