Armed Formation © 1988 Nichibutsu.
A vertically scrolling shoot'em up.
Main CPU: Motorola 68000 (@ 8 Mhz)
Sound CPU: Zilog Z80 (@ 3.072 Mhz)
Sound Chips: YM3812 (@ 4 Mhz), (2x) DAC (@ 4 Mhz)
Screen Orientation: Vertical
Video Resolution: 256 x 224 Pixels
Screen Refresh: 57.00 Hz
Palette Colors: 2048
Players: 2
Control: 8-Way Joystick
Buttons: 2
=> Shoot, Formation
Armed Formation was released in August 1988.
Also licensed to Fillmore.
Pony Canyon / Scitron released a limited-edition soundtrack album for this game (Armed F, Crazy Climber 2 - PCCB-00020) on February 21, 1990.
NEC PC-Engine (mar.23, 1990) Armed Formation F [Model PV2004] Sony PS4 [PSN] (may.27, 2016) "Arcade Archives - Armed F [Model CUSA-04469]" 
(may.26, 2016) "Arcade Archives - Formation Armed F [Model CUSA-05184]"