Yep, very common on lots of the soft case games. Had that for a magician lord too, plus a top players golf. I can't remember which one it was but one of my carton case games had a square cut label too - looked fake for sure, but quick check on here and it was legit too. They made the games for jpn and stuck the english labels over as an after thought as internally there's no difference.
SNK weren't exactly kings of quality control.