E3 2015: Square Enix' new JRPG is called Project Setsuna 

Square Enix has revealed the new JRPG currently in development at its newly-established studio.

Project Setsuna is the new JRPG in development at Tokyo RPG Factory, a new studio at Square Enix.

The project is currently in development for consoles. The publisher showed a few pieces of concept art during its E3 conference and revealed little more.

"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," said Yosuke Matsuda, president and representative director of Square Enix.

Project Setsuna is due for release in 2016.

Take a look at the incredible art work that was shown alongside the announcement below: