The film will follow-up 2011's crowdsourced documentary Life in a Day, which was also produced by Scott Free Productions, according to Deadline.
It will focus on March 11, the one-year anniversary of the Japanese earthquake and tsunami.
200 free cameras will be given out by Fuji in the areas most badly affected by the disaster for residents to document their day and upload the footage onto YouTube.
As with Life in a Day, footage from that single 24 hour period will be collected and edited into a documentary film.
Ridley Scott will executive produce the project. There is no word as to whether Life in a Day director Kevin Macdonald will return for the follow-up.
Ridley Scott's next film will be Prometheus, after which he is directing the Cormac McCarthy-penned The Counselor.
Watch a Life in a Day trailer below: