Guild 02’s three games are out in Japan and are on their way to the West. The 3DS series which has bite sized games from notable creators like Keiji Inafune, Goichi Suda, and Yasumi Matsuno has doing pretty well for Level-5. Liberation Maiden is even getting a visual novel spinoff.
Perhaps they’re working on Guild 03? A trio of trademarks suggests that may be the case. Level-5 registered Wonderflick, Rare Drop Adventurer Note, and Earth Devastating B-rank Girlfriend. So far, none of these games have been announced. We think these could be the names of Guild 03 games because they have a wacky feel to them and Level-5 registered these three terms on the same day.