From the Good Smile Company website:
"NicoRinPana" refers to the three μ's members 'Nico Yazawa', 'Rin Hoshizora' and 'Hanayo Koizumi' together as a single unit - from that unit comes a figure of Nico Yazawa!
The figure is based on the CD jacket illustration from the "LoveLive! μ's PR Team ~NicoRinPana~ vol.1" CD, and features Nico dressed in her school uniform in her classic 'Nico Nico Nii!' pose! Hanayo Koizumi is already up for preorder and Rin Hoshizora is also planned to be released, allowing you to enjoy the full charm of NicoRinPana in your collection!