This is another Hello Kitty Bubble set. Dimensions above are for the Hello Kitty figure filled with bubble solution. Unscrew the cap and use the two wands to blow bubbles. The red wand is Hello Kitty; the yellow one is the teddy bear. All three pieces are marked copyright 1976, 1997, Sanrio Co. Ltd.
The card is 7.5" by 5.5" and has directions and information written in Japanese on the back. The only thing I can read is Sanrio Co. Ltd A-5 and Made in China. Thanks to Nessa, I now know the Japanese on the card is "Shabon Dama" which means "Soap Bubble."