Hidetaka Miyazaki, the director of Elden Ring and president of FromSoftware, has confirmed that unannounced FromSoftware games are in development. Just as notably, he says the studio is still deciding its own creative direction, which is the kind of corporate detail that suddenly matters once shareholders start circling.
Miyazaki made the remarks in a statement to the Japanese outlet Denfaminicogamer, responding to questions about a shareholder fight at KADOKAWA, FromSoftware’s parent company. He rarely comments outside formal settings, so even a restrained answer carried some weight.
What did Miyazaki say about FromSoftware’s future?
Miyazaki said he was “broadly satisfied” with how FromSoftware is set up to make games right now. He said the studio can work without too much interference, and keeping it that way is his main priority.
Then came the part players will actually underline: Miyazaki asked fans to look forward not only to the games FromSoftware has already announced, but also to “unannounced titles beyond those.”
He did not name those projects — because this is FromSoftware, and it has never been the type to spill everything in public. Still, the comment confirms that more is happening behind the scenes than the official release calendar currently shows.
Reports have previously pointed to a multiplatform project in advanced development. Fans have also noticed one easy date on the calendar: 2026 marks the tenth anniversary of Dark Souls 3. That does not confirm anything, but it does guarantee a fresh wave of speculation, as if the internet needed any help.
Why is KADOKAWA’s shareholder dispute involved?
Miyazaki’s comments came because of tension at KADOKAWA, the Japanese media company that owns FromSoftware. Hong Kong-based activist fund Oasis Management now holds 13.76% of KADOKAWA, recently overtaking Sony to become its largest shareholder.
Oasis is pushing to remove KADOKAWA chief executive Takanori Natsuno at the company’s annual general meeting on June 24. One part of the fund’s argument is that KADOKAWA has not made enough use of FromSoftware, a studio whose commercial and critical profile rose sharply after Elden Ring became a global success.
That claim has made some fans uneasy. Their concern is simple: when investors talk about “using” a beloved game studio more aggressively, audiences tend to hear “please monetize the magic until it stops being magic.” Not a technical term, but a recognizable fear.
Oasis Management’s history with game commentary does not exactly ease the mood. The fund’s founder previously suggested Nintendo could charge players 99 cents to make Mario jump higher, a proposal that remains an efficient way to make players stare silently at a wall.
Is FromSoftware being told what to make?
Miyazaki’s answer suggested that, for now, the boardroom drama has not reached the people building the games. He emphasized that FromSoftware’s development environment remains stable and that the studio is not being pushed around creatively.
That matters because FromSoftware runs on trust: trust in its designers, trust in its strange worlds, and trust that players will accept difficulty, mystery, and silence when the game earns it. A more intrusive corporate hand could change that balance quickly.
For now, Miyazaki is basically telling players the studio still gets to do things its own way. He did not dismiss the business dispute, but his focus was clear: keep the development floor protected and let the teams make their work.
Where do Elden Ring and Sony fit into this?
Miyazaki has previously suggested that a return to the Lands Between remains possible, though he has not announced a direct Elden Ring sequel. That leaves plenty of room for future expansions, spin-offs, spiritual successors, or entirely new projects, assuming FromSoftware chooses to pursue them.
The ownership picture around FromSoftware has also become more complicated. Sony became a major KADOKAWA shareholder in late 2024, before Oasis Management later overtook it as the company’s largest shareholder.
For players, the practical takeaway is less about shareholder percentages and more about creative control. FromSoftware has unannounced projects underway, and Miyazaki says the studio still has the freedom to make them on its own terms. In a year of consolidation and investor pressure, that reassurance counts for a lot.
