With E3 canceled due to the coronavirus, many developers and publishers are holding their own E3-style presentations as digital events. Square Enix is reportedly forgoing that strategy, instead opting for individual presentations on the games in its upcoming slate.
Following an investor presentation, Bloomberg reporter Takashi Mochizuki tweeted that the decision was made because producing assets for such a large-scale presentation has become much harder as many studios move to a work-from-home structure. Instead of one umbrella presentation, it will be announcing games individually, on their own schedules.
Square Enix has not been a publisher known for big E3 press conferences. As opposed to competitors like Ubisoft and Bethesda, Square Enix has held press conferences sporadically. Its 2019 presentation included looks at Final Fantasy 7 Remake and Marvel's Avengers.
Square Enix said it won't hold online event to unveil this FY's new releases around E3's timing because making assets ready for such show has become difficult due to Covid-19. Instead, it will announce new titles on individual basis.
— Takashi Mochizuki (@6d6f636869) May 13, 2020
Marvel's Avengers was delayed for extra polish, unrelated to coronavirus, and as far as we know it's still slated for September 4. Square Enix's other big-budget upcoming game, Outriders, has no set release date yet. The company is also planning Bravely Default 2 on Nintendo Switch for this year.