I think they might wait for an FE4 remake until the next console. Engage had a middling reception and just released last year. FE games generally come out around 3-4 years apart unless they are companion games in the same setting (such as FE4 - 5 (Jugdral), FE6 - 7 (Elibe), and the Wii games (Tellius)), and a 3-year gap from last year will align with FE4’s 30th anniversary, which will likely help it sell in Japan (the novelty of another classic title finally releasing in the West will probably be enough to sell well here). If the Switch 2 releases early next year, 2026 will also be great timing to get enough of a handle on its capabilities to optimize for it well and really give it some good presentational polish.