Back in May, Ryoei Mikage of Imageepoch who held a meeting to discuss among his peers to decide weather or not to bring the unqie 2D-3D title, Toki to Towa to English audiences(Check here). It seems that answer was a resounding yes! As today, Kay Hirono, producer at Namco Bandai has announced that Toki to Towa is indeed being worked on for localization to bring the game to Western Regions.
When asked by Gamer.com.tw at this years Comic Exhibition in Taipei, the question arised if Toki to Towa would see a release in Taiwan. He answered with this:
“This time, I brought with me the newest info on the game for everyone who likes Vofan (the game’s artist). Besides the Japanese version, there are only plans to release an English version. So far, I am sorry, there are no plans to produce a Chinese version of the game.”
As of now Namco Bandai themselves has yet to state anything official, but we will be updating this when the time comes.
Source (http://gematsu NULL.com/2012/08/toki-to-towa-set-for-english-release)