This is a completed and painted, fixed-pose figure.
From the Good Smile Company website:
From the popular browser game "Kantai Collection -KanColle-" comes a 1/8th scale figure of the name ship of the Bismarck-class battleships - Bismarck! Her classic pose from the game has been carefully converted into a figure that preserves the feeling of her dashing forward with a lovely dynamic pose.
The powerful ship parts that also boast being the largest of all the German ships in the game have been completely included and feature a heavy appearance through meticulous paintwork. Her hat can be attached and removed for a slightly different appearance, and the ship parts are articulated at various points allowing for all sorts of fun to be had posing even on a scale figure! Be sure to display her with the previously announced Prinz Eugen who is scheduled to be released in January next year!