Nagoshi Studio, from the creator of the Yakuza series, officially shuts down
It's unclear what will happen to the studio's work on Gang of Dragon.
via EngadgetReported by 5 outlets
Nagoshi Studio closes doors after dissolution vote and loss of NetEase backing
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Nagoshi Studio has officially shut down, dissolving on October 31 following a shareholders meeting, according to a notice published in the Japanese government's Kanpo gazette. Founded by Yakuza creator Toshihiro Nagoshi in November 2021 after his departure from SEGA, the Tokyo-based developer had been working on its debut title, Gang of Dragon, which revealed its first trailer in December 2025. [4][5]
The closure follows a decision by backer NetEase to withdraw its funding, according to a Bloomberg report cited by Engadget. Gang of Dragon reportedly required more than $44 million in additional funding to finish development, prompting the studio to search elsewhere for financial backing before ultimately deciding to close. [4][5]
The studio is now moving to liquidate assets and settle liabilities, leaving Gang of Dragon stuck in development limbo. While the game's Steam store page remains live, it is unlikely to see release anytime soon. [4]
Read the original reporting
5 outlets
Read at Engadget
Yakuza creator's new studio and its debut game Gang of Dragon are no more after losing funding from NetEase
Nagoshi Studio has officially shut down and its first game called Gang of Dragon is seemingly no more, months after publisher NetEase pulled funding from the Yakuza-like project.
via Eurogamer
Gang of Dragon studio closes just one year after game reveal
Yakuza creator Toshihiro Nagoshi's new studio is shutting down, just 11 months after unveiling its debut game, Gang of Dragon. The closure means the Sleeping Dogs and Yakuza-inspired action title has effectively been cancelled before it ever reached players. The post Gang of Dragon studio closes just one year after game reveal first appeared on KitGuru.
via KitGuru
Yakuza creator's studio, and the game it was working on, are now officially gone
Nagoshi Studio revealed Gang of Dragon less than a year ago, but it ran into trouble just a few months later.
via PC Gamer
Nagoshi Studio Is Officially Dissolved as of October 31, Ending Ma Dong-seok’s Gang of Dragon Before It Ever Got Close to Shipping
The proverbial writing has been on the wall for some time, but it's now official: Nagoshi Studio has been shut down for good. The game development studio based in Shinjuku, Tokyo, was dissolved by a shareholders' resolution on October 31, as reported in the Japanese government's Kanpo Gazette. The studio was established in November 2021, following the departure of its titular founder, Toshihiro Nagoshi, from SEGA earlier that year.
via Wccftech