The Legend of Sayo (1982)

"The Legend of Sayo" is a 1982 Horror movie directed by Tetsutaro Murano and starring by Kyōko Enami, Shiho Fujimura. Sayo has just celebrated her sixteenth birthday when she attends a temple festival. On her way back she sees a large cherry tree which is infamous for the legend of dead white horse. When her fiancé returns from war and visits her he comes across a white horse which he takes in. The man also does not see himself engaged anymore as his family has lost its wealth.