Nah, to high res to be anything older than saturn or playstation, probably newer than that as well. It's probably dreamcast or newer.
I'd be guessing saturn for the console. It has a C button, which in many games acted as a selection/main button, and the primary direction movement was done with the d-pad. It also looks approximately like a saturn game. Plus its Yakumo, AKA Mr. Saturn!
Dreamcast games can come up with ABCXYZ for the buttons if you have the Joystick or ASCII pad pluged in But yes, anyway it's not on the Dreamcast. If it's any help the text on the left is as follows. MENU Arcade Mode Arranged Mode Option Mode Yakumo
Yes, that's it nem :smt033 Game Tengoku or Game paradise in English by Jaleco for the Sega Saturn. Yakumo