Toho Studios, the original home of the “Godzilla” movies, is producing a new version of the story in the wake of the success of the reboot earlier this year by Gareth Edwards.

The 2016 movie will be the first produced directly by Toho since 2004, and will be their 29th original Godzilla film. “This is very good timing after the success of the American version this year: if not now, then when? The licensing contract we have with Legendary places no restrictions on us making domestic versions,” Toho told the Hollywood Reporter.

The studio is also creating a Godzilla Strategic Conference (Godzi-Con) to leverage the brand, suggesting that they plan to continue their own version of the movies alongside the 2018 sequel to Edwards’ US movie.