Haven't used it myself yet, but here is John Modest's tool for SH2/sh4 text editing, so I assume it's similar to his Resource editor. But I just added it to the modding page:
http://silenthillcommunity.com/modding/SH24text.zip
alchemilla/modding.html
SH4 text editing
Talk about modding Silent Hill 4 here
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