The developers confirmed that they are focusing on development.
As Shenmue III was originally revealed at E3, everyone hoped that the game will be available at this year’s event as well. Unfortunately, the team responsible for the development confirmed that it won’t be the case. No new trailer was confirmed as well.
But, to cheer you up, the team of Ys Net has some good information. The first is the fact that starting from now we can expect more regular, monthly updates. The second is the publication of yet another developer diary, which you will find embedded below. The game should release this year, but no launch date was confirmed.