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In a recent interview, Square Enix producer Shinji Hashimoto stated that Final Fantasy XV and Kingdom Hearts III are not in simultaneous development. “Both have Tetsuya Nomura as their director,” said Hashimoto, “so we can’t create these two big games at the same time. It’s a difficult job, as we want each game to be perfect in terms of quality.”

The announcement for Kingdom Hearts III, he added, was specifically to address speculation on the sequel, though a timeframe for development was not clarified. Hashimoto emphasized that there is still much work to do. Both titles will see a PS4/Xbox One release, though neither has a known release window at this time.

Source: Gematsu