Thats a bit odd. You would think that NISA is doing it for the West, so a separate Asian English version around the general time that Babel is supposed to hit for the West would be a bit bad business for them. As it would eat into the potential sales of the actual NA / EU release.
Considering NISA has God Wars also, its not as if Kadokawa is trying to open their own publishing branch themselves. So something seems strange here with the news.
Then the next question of who is doing the localization if true. Unless Kadokawa paid out a sum of money for the master text for the Asian market cant see them agreeing to assisting with that due to the fact it messes with their potential Western sales due to a localized version of the game on the same platform going out before their own release.