Why the Anglo-Japanese Alliance still ended

What if the Anglo-Japanese Alliance were renewed after World War I?

It was renewed; the decisive change came later when the naval-treaty settlement brought the alliance to an end.

The question assumes that the alliance first needed renewal after World War I, but that renewal had already occurred. The alliance was subsequently dropped because of the naval-treaty settlement. Its continuation would require Britain and Japan to avoid that later termination. Simply arranging another renewal does not address the actual point at which the relationship ended.