Hello, this item is a handmade Japanese Renjishi-style theatre doll, probably made around the 1970s based on the family history provided. The figure represents the white-haired parent lion, or shishi, from the Renjishi lion dance tradition, a subject also seen in Japanese Kabuki character dolls. The long white hair, dramatic painted face, brocade-style costume, wide sleeves, and wooden display base are consistent with decorative Japanese theatre dolls made for display rather than play. Similar Renjishi and Kabuki lion dolls are commonly described as hand-painted figures on wooden bases, sometimes with gofun-style faces and textile costumes.

The doll appears to be in very good decorative condition, with no obvious major fabric loss, staining, fading, or structural damage visible in the photographs. Its value is helped by its large size, theatrical subject, strong visual presence, and family-made history, but it is limited by the lack of a known professional maker, box, artist signature, certificate, or documented exhibition or collector history. Comparable vintage Renjishi and Kabuki dolls usually remain modestly priced unless they are signed, antique, museum-quality, or part of a complete high-grade set. Based on the photographs, stated age, size, condition, and current decorative market, the fair market value is $100 to $250 USD.