[Update]: Kazunoko joined Arika in showing off the game, which is not yet named, at the company's event. The project is currently without sufficient funding and Arika is deciding whether it should try to finance the title through crowdfunding or find a publisher with the help of fan petition.
The original story follows below.
A new trailer from Street Fighter EX and Fighting Layer developer Arika appeared to be a simple April Fools' Day joke, but there may be more reality to the project than first thought.
According to translation of a tweet from Arika vice president Ichirou Mihara, the game itself is real but the fact that the company hid all evidence of its creation was the joke. There is also an event scheduled by Arika for April 1 in which 30 individuals will be able to compete against Kazunoko in the game shown in the trailer.
All this information would seem to indicate a new game from the company, but nothing has been confirmed at this point. IPLAYWINNER will have more on this story as it develops. For now, players can check out Arika's teaser below.
Thanks to SlowpokeLain on Twitter for help translating.