The large japanese text says "Bunraku souvenir", thus this should be a label of some souvenir sold at the Bunraku puppet theater.
The illustratuons are Bunraku puppet heads.
https://en.m.wikipedia.org/wiki/BunrakuSmaller text on the bottom right of the illustration coud be read as "Saito / Seijo / ?", very likely to be the name of the producer (or the Bunraku puppet player or musician). Text on the left could be read as "Bunraku-za / ?", meaning Bunraku theater. The last character might be "Han", meaning Osaka.