A sequel to Record of Agarest War is in development. No, we’re not talking about Record of Agarest War Zero, that’s a prequel.
One of the products on Compile Heart’s GDC list, perhaps to be licensed for the West, is a follow up to Record of Agarest War called Agarest Senki 2. The game is currently in development for PlayStation 3.
No concrete details (sorry!) since the news comes from a product list. Agarest appears to be a key franchise for Compile Heart and if Record of Agarest War does well next month there’s a chance we’ll see Record of Agarest War 2 in English.