A Thread bump?
I am gonna take this oppurtunity to update the current OP (also include the licensed Sega of Japan IP, which is what I think people are also interrested in)
So actually, we don't know what projects Sega of Japan is currently working on, outside of assisting in getting some of their games overseas (Yakuza: Like A Dragon, who knows what they will do with Olympic 2020). I think they have several announcements this year.
So I am gonna do some rampant speculation on everything that I know:
CS1/RGG Studio
So CS1 aka the Yakuza team, has about 4 teams lined up: The Judgment team, The Yakuza 7 team, the team that did the remastered Yakuza collection and the Super Monkey Ball team.
Here are some musings on what the Yakuza team mentioned on what they want to do nextt: New Ichiban game, explore new genres within the Yakuza games post the turn-based battle system of 7, Kenzan Kiwami on the Dragon Engine, Judgment 2, something fantasy related instead of realism...
What I think will happen: Sega and RGG Studio will release a sequel to Judgment and Yakuza 8, but have worldwide release on all platforms like Yakuza: Like A Dragon this year.
I suppose there is still room for a third Yakuza project, and the Asian and Western fans have long been asking for a Samurai spin-off game to be localized. I think Kenzan Kiwami on Dragon Engine will be the answer to that.
Then there is still the Monkey Ball team. The producer seems really passionate about Monkey Ball and it definitely sounds like he wants to make a game that lives up to 1&2. We might get a game new game this year even. Monkey Ball games are not a big investment and are quick to make.
Also I think the studio is gonna release future games on Steam on their own instead of relying on Sega Europe. They made the Super Monkey Ball Banana Blitz HD PC port and even added exclusive stuff to it, like the Cube/Triangle/Spike shaped Monkey ''Balls''
CS2/Sonic Team:
So there is the JRPG group of CS2. Evenif some games have flopped like Sakura Wars 5 or Valkyria Chronicles 1 in the past...Sega always continues to make some kind of JRPG be it Shining entries, Sakura Wars, Valkyria Chronicles or 7th Dragon games.
Some people are hoping for Skies of Arcadia, but it is way more likely to be VC5 or a new Sakura Wars. A new IP is also likely, which is something that they are working on.
I actually have pretty much no clue or guess what the Sonic, Puyo Puyo or Olympics devs are doing. Plenty upon plenty of devs where I don't know what they will do.
The Sega Ages group also has only a couple of releases left before they announce the next wave. I am thinking they will hopefully and finally switch to 3D stuff, they alreasy they got NAOMI/Dreamcast working pretty good.
AM1 & AM2:
Despite the current situation - arcades will still be their bread and butter. Games like Soul Reverse or Chrono Regalia have not been successes, but they will instead try new arcade games. Their new racing game IP, Sega World Championship Driver got an update this year, it seems like it is a success.
However most would actually care about potential console projects. And it's been looking a bit better now, with AM2 supporting Border Break on PS4 in Japan, and wholly new Hatsune Miku game developed from the ground up for a home system, the Switch. As Sega's reports show they want to continue investing into console games instead of mobile, and they had several arcade staff do mobile when they had a big mobile push since about 2012. Chain Chronicle was by AM1 which was a success, but their newest efforts like League of Wonderland (this mobile game was actually localized) have not done well. There is a better chance for a success with a console game rather mobile at this point.
Yu Suzuki might get in touch with AM2 again because he talked about there might being another OutRun and Virtua Fighter in the works.
Also it seems that the creative behind House of the Dead, Takashi Oda, isn't done with the franchise. He wants to do several more games, and he is likely is involved in the House of the Dead 1&2 remakes.
Other mobile projects and the PSO2 team:
Yeah the latest mobile efforts like Revolve8 have not done well and Idola: Phantasy Star Saga is not lighting up the charts (but they keep supporting that).
PSO is still a big thing for Sega, they keep hiring for it more than anything else. I am thinking they have plans to do a really big worldwide launch with PSO3 with Microsoft backing them.
Which IP will Sega of Japan license next or do more of?
Panzer Dragoon on Switch seems like it was a huge success with 3 times making it's money back. They have Zwei announced and the VR game coming out too. I think it might come to a point where Sega will publish one game themselfs.
Space Channel 5 VR kinda went under the radar, a Steam release might bring some life into it, but I don't think so.
Streets of Rage 4 also was a huge success.
Shenmue III also released, and IV is not unlikely. However I don't think Sega wants to publish it
I think Skies of Arcadia and Jet Set Radio are very likely to be next. They mentioned in an interview that with the Sega Ages poll, they took notice of the demand of Jet Set Radio, and they don't know that they will release a Sega Ages version, however they think licensing might be an option to answer these calls.
I wonder who they would get for a Jet Set Radio game, however I don't see a Japanese developer pitching a game. It was never that popular in Japan. Some people on RGG Studio worked on JSR in the past (Kazuki Hosokawa), so I they would assist like they did with Streets of Rage.
Also there is a huge push by a former Skies of Arcadia developer on Twitter to make a new game, and he is in contact with Sega about it too (talking with the original devs too). However I think it is gonna take a long while.