This small porcelain figurine depicts Ebisu, one of the Seven Lucky Gods (Shichifukujin) in Japanese mythology.
It appears to be a Kutani ware piece, likely from the late Meiji to early Showa period (circa 1900-1930). Kutani ware is known for its vibrant colors and detailed decoration, often featuring mythological figures.
Ebisu figurines are particularly valued by collectors of Japanese porcelain and those interested in Asian religious iconography. As the god of fishermen, luck, and prosperity, Ebisu is a popular deity whose image was believed to bring good fortune to businesses and households. Such miniature figurines were commonly displayed in homes or businesses as talismans for prosperity and abundance.