This is a completed and painted, fixed-pose figure.
From the GoodSmile Company website:
The ultimate bust figure glowing with the light of the Original Ultraman!
From the new ULTRAMAN manga currently being serialized in "Monthly HEROS" magazine comes the definitive bust figure of ULTRAMAN! The bust features the utmost attention to detail of the sculpt as well as a LED lighting feature that lights up both the eyes and the "Color Timer" in his chest. The bust stands at approximately 24cm in height and has been reasonably priced to reach fans all over the world!
Requires 2 LR44 button-cell batteries (not included).