Here’s the gallery of my translations of the dialogue as well as other key shots. [Reddit discussion thread.]

Here’s a master post of everything we know about P5R so far. [Reddit version.]

Atlus is just throwing these trailers out for us! Let’s have a look at what their newest offering shows us!

The trailer starts with a voiced scene of Futaba being introduced to Kasumi. She’s naturally shy around the newcomer, but funnily enough Kasumi treats her with the utmost respect despite being the same age, something Morgana comments on – which also tells us a bit about Kasumi herself and how humble she seems to be (when not dancing or doing gymnastics at least). Assuming she isn’t acting, of course.

Given how few people there are right now, I’m inclined to believe this is right after Kasumi gains her Persona. This is compounded by the fact that Morgana is sitting at the table instead of hiding/ sitting on someone’s lap (though this could still be passed off as “animal behaviour”). Remember that Ren and Morgana were the only ones with her when she got Cendrillon, so if they brought her home for a debriefing it’d make sense that Futaba would get involved and no one else. Kasumi’s uniform matches the one she wore when getting her Persona too, so that’s another thing that checks out.

(But the fact that she’s wearing her default and not her summer uniform means that she likely doesn’t get her Persona around the Hawaii trip as I previously speculated. My bad!) That she befriends Futaba right after getting Cendrillon at first suggests that she joins the Thieves right away, though it’s still possible that she politely declines working with them after this snippet ends.

EDIT: Thanks to Lettuce Sauce’s translation, we know that Morgana’s line is actually “Are you using honorifics or not…” Given we know she calls Ren “senpai,” the only one left in the room that she could refer to without honorifics is Morgana himself, which confirms that she knows who he is (and thus confirms that this is post-Cendrillon).

The next scene is also voiced but much simpler than the first, showing us an extended version of the “end of summer vacation cram session” from the original game. I suggested in the Makoto Trailer Analysis that Atlus was using Royal as an opportunity to add more friendship moments; it seems they’re even adjusting “fluff” scenes like this too!

Anyway, the lack of Kasumi further confirms that she won’t be a Thief at this point in the game (or even a close friend/ known to anyone besides Ren and Morgana). I wonder if the “Shido appears on screen” part of this scene will play out the same too…

Next is yet another voiced scene featuring the New Year’s Shrine Visit. This doesn’t add anything new speculation-wise, but it reaffirms that Futaba is still fond of teasing Yusuke any chance she gets~

The final voiced scene is a single speech bubble, but makes up for its brevity with Futaba rambling about Featherman in her sleep. There seems to be a takeaway on the table, but it looks too fancy to be sushi from the restaurant the trio go to in the original game. Coupled with the grey filter over everything, could this be the three of them celebrating New Year’s and Futaba falling asleep signifies the point the “dreamscape” kicks in – or at least her part of it (her mother being alive)?

Metaverse stuff! We don’t get its name but we do get to see Futaba’s new Persona which, like the others before it, is a modern version of her initial Necronomicon and appears as a sleek triangular UFO compared to the “default” UFO she had before.

We also see how her finisher works and that it “extends” the animation of a standard AoA. Also interesting is that she seemed to be inside the bomb in the reveal trailer yet here simply taps on the outside. She doesn’t make a “thumbs up” pose this time either.

Also, where she gets this AoA is the new area/ Palace of Mementos we saw in Makoto’s trailer. We get a better shot of the sides of the arena here too and can see the same walls with holes in them revealing trains on the other side that we did in the original Mementos, though sticking so close to Mementos’ railway aesthetic makes me think this is simply a new area of the place and not a Palace. Maybe after defeating the final boss, the area that Palace was in becomes this “purified” region instead?

The final scene and shows Futaba in the Jazz club. It’s unvoiced as befits a hangout event (which we know this is from Morgana Report 3), but shows a surprisingly mature side to Futaba. In fact, her first line has her saying it’s okay if people misunderstand her as long as their hearts are in the right place, despite her hating the fact that other kids were awed by her raw talent in her Confidant. We know this conversation takes place late-game due to the winter outfits, but could this particular conversation also have been sparked by completing her Confidant story (and thus after she pushed herself to mature)?

EDIT: Again thanks to the better translations we know she’s talking about Sojiro here. D’aww…

Thank you for reading another analysis! Please let me know what I should add or fix! Redditors, please leave your comments over on the associated Reddit post as that makes it easier for everyone to discuss things 🙂

And if you feel so inclined, feel free to donate anything you want via the link at the top of the page! But more importantly, I hope you enjoyed this!