In a video update posted on Kickstarter, project direct Yu Suzuki revealed that Shenmue 3 has been pushed back to the second half of 2018 from its planned December 2017 release date.
The short video update showed Yu Suzuki explaining the reasons for the delay which he cites by saying that "By utilizing new technologies, we have been able to discover new possibilities and expressions." He continues by saying that Shenmue 3 "In many ways... has become bigger and more beautiful than I initially expected. We do however, need more time to deliver the game to you." Shenmue 3 will also be skipping E3 this year.
After years of speculation, Shenmue 3 was officially announced at Sony's E3 2015 press conference where Suzuki revealed a Kickstarter campaign for the game. The campaign went on to earn a record breaking $6 million, making it the highest-funded video game in Kickstarter history.
Shenmue 3 is set to release on PlayStation 4 and PC.