This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
From "GIRLS und PANZER der Film" comes a 1/7th scale figure of Anzio Girls High School's vice-commander Pepperoni, dressed in her swimsuit! Her impressive body, dynamic pose and huge smile have all been captured in lovely detail as she holds a giant inflatable toy above her head. The base has also been specially detailed and even features a little CV33 tank build from sand!
In addition, the figure comes with a paper-craft pizza box featuring the Anzio school emblem! The figure can be posed holding the box instead of the inflatable toy above her head for a slightly different pose! Simply select the option you prefer!
Specifications: Painted 1/7th scale ABS&PVC product with stand included. Approximately 29cm in height (with base, inflatable toy included)