Falcom currently has 8 games in development:

1) Trails in the Sky 1st Chapter (PS5, Switch, PC)
2) Tokyo Xanadu New Project (TBA) 
3) Unannounced Title (TBA) 
4) Unannounced PlayStation 5 Ported Title (PS5) 
5) Unannounced Nintendo Switch Title (Switch) 
6) Ys X: Proud Nordics (TBA) 
7) Unannounced Trails Series Title (TBA) 
8) Unannounced Ys Series Title (TBA)