They don't look like lolis, they look more like 80's teenagers, which is half of what they already were anyway.

They were supposed to have regressed by about five years, making them roughly 10-12, but they kinda half-assed it by just making them two thirds the height with big heads.
They should've made them less curvy and flatter, but I'll be honest, the 1.2m tall girls with huge heads but adolescent bodies and breasts did look kind of hilarious.