Street Fighter producer Yoshinori Ono has spoken out to say that Street Fighter V is not in development due to budgetary issues.
A fan asked Ono on Twitter if he was secretly working on Street Fighter V for next-generation consoles, to which the designer replied, "I don't have R&D budget and staff."
He further explained that his team is now focused entirely on Ultra Street Fighter IV, which was announced at EVO this weekend.
Ono also confirmed that Ultra Street Fighter IV is in development only for the Xbox 360, PlayStation 3, and PC. No plans are in place right now to bring the update to next-generation consoles (Xbox One, PlayStation 4, Wii U), he said.
Ultra Street Fighter IV includes five new characters, six fresh stages, and a host of gameplay tweaks. For more, check out GameSpot's interview with Capcom about the pack.