An interview with Capcom and Level-5 CEOs Keiji Inafune and Akihiro Hino with the business site Diamond Online has revealed that the two companies are working together in some way. Rumors about the pairing had been circulating in Japan, and Inafune seemed happy enough to confirm the story:
This rumor is true. Right now, the two of us, with our staff, are working together on some truly interesting things. Even though Mr. Hino is younger, he’s someone I respect. I wanted to try working with him, so I contacted him.
Collaboration is not new to Level-5, who were handpicked to work with Square-Enix on Dragon Quest VIII: Journey of the Cursed King and since went on to help develop Dragon Quest IX: Sentinels of the Starry Sky. No idea what they could be up to at this point, but with these two powerhouses working together, we’ll definitely be keeping our ear to the ground for further developments.
Capcom and Level-5 Teaming Up [andriasang]