Developed by Cave and published by Rising Star Games, the 2D side-scrolling shooter will be available to purchase from May 11 in Europe.
The release contains the original arcade version of the game, which can be played in its native 4:3 ratio.
It will also be preceded by a series of tutorial videos, which will be viewable on the game's official website from May 7.
"Cave are world renowned for creating the biggest and best arcade shooters around, and we're delighted to add Akai Katana to that list come May 11," said Rising Star's Martin Defries.
"No other arcade shooter offers the same explosive entertainment and wanton destruction as Akai Katana, and we can't wait to let this loose on the public."
The game joins fellow Xbox 360 shooters Deathsmiles and recent XBLA release Sine Mora.
Watch a trailer for Akai Katana below:
Photo gallery - Akai Katana: