[Editor’s note: the article has been updated with some extra information.]
The protagonist is a second year high-schooler who moves to Tokyo during the springtime. Instead of living with relatives, he lives with his parents’ friends in a coffee shop. The Shibuya district is specifically mentioned, but the game will take place across various locales in modern, urban Japan.
The ball and chains seen in previous trailers represent the protagonist harboring some kind of problem which, if gone unaddressed, could be a huge problem later on. This is evident in the scene depicted in the trailer in which the protagonist is trapped in some kind of mental trap or prison.
Unlike previous games in the series, the trailer confirms that dungeons are no longer entirely randomly generated; there are set piece areas that are crafted to showcase the thievery motif shown in the trailers, which also have extra material added. However, this doesn’t mean randomly generated areas are gone completely.
The Social Link option will seemingly be making a comeback, despite not appearing in the latest trailer. Famitsu teases that a Social Link-esque system is currently in the works, but that’s as much as they revealed.
Finally, we’ve gotten confirmation of the protagonist’s first Persona, dubbed simply Arsène (probably a reference to Arsène Lupin). When characters summon their Personas, they no longer make the “ka!” sound, but instead make a “buchi!” sound.
Persona 5 is launching on both PlayStation 4 and PS3 some time later this year.