Square Enix has announced a new RPG Project being developed by a new studio called Tokyo RPG Factory.
Tokyo RPG Factory will be developing a whole new console RPG, that is set within an entirely all new IP.
The RPG is called Project Setsuna and is currently being developed at Tokyo RPG Factory. Square showcased a handful of art work during its E3 press conference (located above), though these pieces of art work showcased very little of what the RPG could contain.
Project Setsuna is scheduled to release in 2016, though it was unclear whether this was in Japan only, or a worldwide launch.