Namco releases the arcade compilation Namco Museum Volume 2 for the Sony Playstation, including the ’80s arcade hits Gaplus, Mappy, and Xevious. (This is the Japanese release; the same title will be released in North America later in the year, with a slightly different lineup of games.) 
Nichibutsu releases the retro revival game Hyper Crazy Climber for the Sony Playstation, featuring both the original arcade version of Crazy Climber and a newer update with adventure game elements and power-ups. This game is limited only to the Japanese market.
Nintendo releases the role-playing game Super Mario RPG for the Super NES, a game developed with Square. With a bare minimum of references to the rest of the Super Mario franchise, this is the first attempt to move Mario into RPG territory.
IREM, under its I’MAX imprint, releases the arcade compilation IREM Arcade Classics for the Sony Playstation in Japan only, containing the ’80s coin-op arcade games Motorace USA, Spartan-X, and the football game 10-Yard Fight.
Namco releases the arcade compilation Namco Museum Volume 1 for the Sony Playstation, including the ’80s arcade hits Pac-Man, Galaga, Pole Position, and Bosconian. (The same title was released to the Japanese market in 1995.)
Namco releases the arcade compilation Namco Museum Volume 2 for the Sony Playstation, including the ’80s arcade hits Super Pac-Man, Gaplus, Mappy, and Xevious. (The same title was released to the Japanese market earlier in the year, with a slightly different lineup of games.)
Interplay releases the arcade remake Tempest X3 for the Sony Playstation, featuring Atari’s original arcade version of Tempest and colorfully updated modern versions.