No More Heroes creator Goichi Suda (more commonly known as Suda 51) said he would be interested in making a third chapter of the series.
During a Grasshopper Manufacture’s charity event, the developer’s CEO had a talk session with character designer Yusuke Kozaki and mecha designer Shigeto Koyama. As the session began, Suda said he’d be willing to make another No More Heroes game, but "it won’t happen soon."
Kozaki said he would be down to direct the game if Shinobu, an 18-year-old female assassin and playable character from No More Heroes 2, was the lead role.
However, if the new title is made, don’t expect every hero and villain to be recycled. Kozaki said the amount of unused characters that he created for the first and second game is large enough to fill another two installments.
Suda may be interested in a third game, but Kozaki is already thinking about a fourth.