Takara

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Takara Pinky (left) and fakie (right)
"Stylish Pony Changeable [Doll Clothes] Dress"
Pinky
Pinky

In 1985 Hasbro licensed "My Little Pony" to the Japanese toy company Takara. The result was "Mai Ritoru Ponii - Osharena Poni" or "My Little Pony - Stylish Pony."

They were marketed as ponies that you could dress up and style their hair.