As promised earlier this week, Square Enix announced its new PS4 exclusive game during a livestream from the Tokaigi: Japan Game Party at the Makuhari Messe in Chiba, near Tokyo.

The game, that was previously teased as "Project CODE Z," is Minna de Spelunker Z (Everyone's Spelunker Z), a new installment of the classic franchise started with Spelunker 32 years ago.

The game has been developed by Spelunker HD's studio Tozai Games, and will be released in Japan quite soon, on March 19th. It will be a free to play downloadable game supporting up to six players online.

The game will feature character customization and the use of a wide variety of pets. The business model will of course involve the purchase of premium items.

Below you can see the trailer. One thing is for sure: I can't say I saw this coming...