This beetle figurine is part of the Japanese Sega Mushi King DX series 1 (made in 2006).
The Sega Mushi King DX series include: Dynastes hercules (yellow (red eyed and revised black eyed version)/grey/dark brown type), Dynastes neptunus, Chalcosoma caucasus (red eyed no revised version), Megasoma gyas, Megasoma acteon, Megasoma mars, Hexarthrius mandibularis (red eyed and revised black eyed version), Dorcus palawanicus, Dorcus alcides, Allomyrina dichotoma (only one with wings in this series. the later revised DX version had no wings!),Procopocoilus giraffa (red eyed and revised black eyed version), Dynastes hyllus and Mesotopus tarandus.
Sold as a high quality figurine it surely delivers.
With it's lenght of 8cm the scale is 1:1 (for a large male). It is very detailed and painted really good. It is the only model in the Mushi King DX series with moveable elytra and wings!
Personally I think one of the best beetle figurines made. I have been looking for one (complete with wings) for years. With the wings there it is extremely hard to find (there was a version without wings released later same model. no wings, but better colouring).
Do not confuse this model with the other big, rubbery winged Sega beetles. The DX series are of much better quality; in detail, material and finishing! The wings on this figurine are detachable and the elytra, head, thorax and legs moveable. The elytra stays tight on the model when opened (this is almost never the case with for instance Tomy Takara big beetles).

NOTE Pictured is the second version of Allomyrina dichotoma in the SEGA MushiKing DX series. The First version (same mold but more orange paint had the wings) the second version of A. dichotoma was painted much more realistic.