For any generation above PS3 here’s why: Too much of a financial risk.
Risk taking in recent times led them to bombs like The Quiet Man, Babylon’s Fall, and Forspoken.
Now their biggest recent risk this gen was Visions of Mana and that’s it. Everything else has been remasters, very small amounts of popular I.P. sequels, or a remake project.
It’s why I’m hopeful they will eventually port or remaster some of their lesser known works to modern platforms, like Crystal Bearers, Tobal, Ergheiz, or DQ Swords.