Sega of Japan has announced 7th Dragon III Code: VFD for the Nintendo 3DS. It is slated for release on October 15th, 2015 in Japan.
No plot or setting details have been announced, but we know some of the creative staff at this point. Masayuki Kawabata will be the Director, Juro Watari is the Producer, Shirow Miwa is the main illustrator and designer, and Yuzo Koshiro will compose the music. The theme song will be done by sasakure.UK, who did the theme song for 7th Dragon 2020 previously.
On July 3rd, Sega will host a Niconico livestream with more information about the game.