This splendid apparition is 天狐空幻 / Tenko Kuugen, kitsune lead of kitsune anime 我が家のお稲荷さま / Wagaya no Oinari-sama.
You can see something of what the sculptor was trying to achieve in this illustration, showing her energy miasma, which must be a daunting prospect to model. The colourful results seem very successful, however.
She also has furry mode – sure to be a hit with some. No gender swap, though.
The figure itself is out now, being 1/8 scale and retailing in the region of ¥9,000.
You may want to look at her in more detail at source Danny’s flatteringly photographed review.