Super Formula is an arcade racing game, with the (Japan) designation indicating it's a Japanese release. It's likely based on Japanese Formula racing, featuring the style and cars of Japanese racing circuits.  Arcade racing games of this era typically prioritized fast-paced action and simple controls, allowing for quick pick-up-and-play.  The specific developer and further gameplay details would require further research.

Super Formula (Japan)

Super Cup Finals (Ver 2.2O 1994/01/13)