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That's according to former SIE president Shuhei Yoshida, who this week revealed that the sequels were in development, but ultimately scrapped as Sony transitioned from focusing on the cult-favourite handheld to putting its resources behind the PS4.
Speaking on Sacred Symbols+, Yoshida said: "We were actually working on Soul Sacrifice 2 and Freedom Wars 2, but because of budget limitation we had to stop and move on to PS4."
Yoshida also claimed that the move to PS4 is the main reason that more Sony first-party IP didn't receive a PS Vita iteration, in the same style as Sony Bend's Uncharted: Golden Abyss.
More at the link:

Shuhei Yoshida claims 2 fan favourite PS Vita games were getting sequels before the transition to PS4 | VGC
The focus on PS4 marked the end of Vita…
