Namco Bandai has Naruto game in development, but this one is different from CyberConnect2’s title since it super deformed style. So far, we’ve seen SD Naruto and Rock Lee in Naruto SD Powerful Shippuden.
Usually, Tomy releases Naruto games for Nintendo platforms. The last one they did was Naruto Shippuden 3D: The New Era, which came out in Japan and Europe. Seems like Namco Bandai may have the full license for Naruto which used to be shared with Ubisoft too.
Naruto SD Powerful Shippuden is slated for release later this year.