We're thrilled to announce the return of GamesBeat Next, hosted in San Francisco this October, where we will explore the theme of "Playing the Edge." Apply to speak here and learn more about sponsorship opportunities here. At the event, we will also announce 25 top game startups as the 2024 Game Changers. Apply or nominate today!

Square Enix had one of the biggest surprises this morning at the Electronic Entertainment Expo tradeshow — a new role-playing game studio and Japanese RPG for consoles.

During today’s E3 press conference, the legendary Japanese publisher announced the formation of a new development house, Tokyo RPG Factory. The group will focus primarily on JRPG titles, with their first, Project Setsuna, aiming for consoles in 2016.

“RPGs are a major part of the Square Enix legacy, including Final Fantasy, Dragon Quest, and Kingdom Hearts,” Yosuke Matsuda, the president and representative director of Square Enix Holdings, said. “RPG fans from all over the world have supported us along the years. To keep creating incredible new RPG titles, we started Project Setsuna and it is developed by Tokyo RPG Factory, a newly established studio for the project.”

Japanese RPG fans can keep a tab on Square Enix’s new developer, and Project Setana, here.

GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Discover our Briefings.