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Is it? I thought it was another extremely fancy remake
Taito developed both the original Ninja Warriors and KiKi KaiKai, but Natsume were the developers of The Ninja Warriors Again, Nazo no Kuro Mantle and Wild Guns on the SFC, so they're revisiting their own work with these remakes/new instalments for the most part. (Taito published the two SFC sequels to their own stuff, but didn't have anything to do with Wild Guns.)
To build on that, Natsume split in the mid 90s into Natsume Inc and Natsume Atari. Natsume Inc is the publisher we know in NA for Harvest Moon, while Natsume Atari is the development arm of all those 80s/90s Natsume action games, including the SNES Ninja Warriors, Pocky and Rocky 1/2, and Wild Guns. The original devs recently formed an internal team within called Tengo Project for the remakes/sequels to those games, and Taito's been cool with letting them do Ninja Warriors Again Again (aka Ninja Saviors: Rise of the Warriors in NA) and Pocky and Rocky Reshrined.