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● LIVE Updated 2h ago · 14 sources tracked

Nagoshi Studio shuts down

Nagoshi Studio, founded by Yakuza series creator Toshihiro Nagoshi, officially dissolved on October 31 according to the Japanese government gazette. The studio shuts down without having released a game, ending development on the title Gang of Dragon. The closure follows a funding cut from NetEase Games several months prior. While the studio is gone, the future of the Ma Dong-seok starring project remains uncertain or likely cancelled.

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  • ✓ Nagoshi Studio officially dissolved as of October 31 according to the Japanese government gazette.
  • ✓ Toshihiro Nagoshi created the Yakuza series.
  • ✓ The studio shut down before releasing a game.
  • ✓ NetEase Games shut down Nagoshi Studio after cutting funding months earlier.
🛡️ Source Corroboration: 14 independent reporting domains (100% confidence) ⏱ Read time: ~2 min

What changed

The Japanese government gazette confirmed the official dissolution date of October 31.

Live updates

  1. Nagoshi Studio officially dissolved as of October 31

    Nagoshi Studio, founded by Yakuza series creator Toshihiro Nagoshi, officially dissolved on October 31 according to the Japanese government gazette. The studio shuts down without having released a game, ending development on the title Gang of Dragon. The closure follows a funding cut from NetEase Games several months prior. While the studio is gone, the future of the Ma Dong-seok starring project remains uncertain or likely cancelled.

    Why it matters

    Toshihiro Nagoshi is the creator of the Yakuza series. His studio announced Gang of Dragon during The Game Awards in December 2025.

    What is confirmed

    • Nagoshi Studio officially dissolved as of October 31 according to the Japanese government gazette.
    • Toshihiro Nagoshi created the Yakuza series.
    • The studio shut down before releasing a game.
    • NetEase Games shut down Nagoshi Studio after cutting funding months earlier.

    Still unconfirmed

    • The game Gang of Dragon is likely to never release.
    • The future of the Ma Dong-seok starrer Gang of Dragon is uncertain.

    What to watch next

    • Confirmation of the intellectual property rights for Gang of Dragon
    • Public statements from Toshihiro Nagoshi regarding future projects
    Sources used for this update (14)
    1. beebom.com — NYT Mini Crossword Answers Today (October 10): Hints and Clues
    2. Gematsu — Nagoshi Studio shuts down
    3. AUTOMATON — Nagoshi Studio officially dissolved as of October 31, according to Japanese government gazette
    4. VGChartz — NetEase Games Shuts Down Nagoshi Studio
    5. ixbt.games — Yakuza creator’s studio officially closed
    6. 玩具人 TOY PEOPLE — Toshihiro Nagoshi's Nagoshi Studio Officially Dissolved Less Than a Year After "GANG OF DRAGON" Reveal
    7. Inven Global — Nagoshi Studio Dissolves... Future of Ma Dong-seok Starrer 'GANG OF DRAGON' Uncertain
    8. GamesIndustry.biz — Gang of Dragon developer Nagoshi Studio shutters months after NetEase cut funding
    9. IGN — Yakuza Series Creator Toshiro Nagoshi's Studio Has Officially Shut Down Before Releasing a Game
    10. www.gamedeveloper.com — Update: Anthropic orders AI tool Claude to stop remaking video games
    11. segabits.com — Nagoshi Studio has officially shut down, GANG OF DRAGON likely to never release » SEGAbits - #1 Source for SEGA News
    12. www.animenewsnetwork.com — Toshihiro Nagoshi's Nagoshi Studio Shuts Down - News - Anime News Network
    confidence 100%
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