It looks like Square Enix have plans to release a smartphone version of Live A Live. Manga artist Yoshinori Kobayashi, who worked on some of the original game’s character designs, wrote a blog that mentions a mobile release.
After designing Final Fantasy IV, Takashi Tokita went on to direct his first game, a Japan-only RPG called Live A Live. This creative title had seven seemingly separate storylines ranging from a kung-fu tale to a Western.