This figure is from the series 'Putitto Kakkoii Inu'.
Kakkoii Inu means 'cool dog' in Japanese. It was 'accidentally' created by Japanese actor Seiichi Tanabe in one of his Twitter posts. The very badly drawn character became super polular in Japan!
Here are some of the tweets by Seiichi :)
This is the first appearance of Cool dog!
Manufacturer: Kitan Club