Koei Tecmo’s Fatal Frame Series has always been relatively well received. Even on the flailing Wii U system, it had quite a niche following. Therefore it is to no surprise that Koei Tecmo is still throwing its weight around it, confirming that the franchise is still one of their valuable IPs.
No game has been announced though, and Koei Tecmo says that they will only do it when the time is right, so I don’t think anyone should hold their breath on it.
This series is currently being serialized in a manga [in Japan]. We don’t have new information about the series at the moment, but as Koei Tecmo we believe this is one of our valuable IPs. When the time is right we will make an announcement, please be patient for it.