Business · Companies · 4 hrs ago
Nagoshi Studio dissolves after NetEase funding stops
Nagoshi Studio was dissolved by a shareholder vote on October 31, according to a notice published in Japan’s official gazette on November 2.
The studio was led by Toshihiro Nagoshi, who worked on games including the Yakuza series while at Sega.
NetEase Games funded the studio, which announced a new game, GANG OF DRAGON, in December 2025.
The game was set in Tokyo’s Kabukicho district and featured actor Ma Dong-seok as its main character.
NetEase later stopped providing funding, and updates about the game then dried up.
The game’s development is now in doubt because the studio has dissolved.
No further plans for the game were stated.
Nagoshi Studio dissolved following a shareholders’ meeting resolution on October 31, 2026.
The dissolution notice appeared in Japan’s official gazette on November 2.
The studio was led by Toshihiro Nagoshi and had received investment from NetEase Games.
It announced the game GANG OF DRAGON at The Game Awards 2025.
Famitsu reported that NetEase had stopped funding the studio, while the other articles did not mention the funding halt.
- Who
- Nagoshi Studio, led by Toshihiro Nagoshi.
- What
- The studio dissolved after a shareholders’ meeting resolution.
- When
- October 31, 2026; the notice was published on November 2.
- Where
- Not stated.
- Why
- Not stated. Famitsu reported that NetEase Games had stopped providing funding.
This story does not have two clearly opposing sides.
Famitsu reported Nagoshi Studio was established with investment from NetEase Games; 4Gamer reported it was established in 2022.
The studio announced GANG OF DRAGON at The Game Awards 2025.
Famitsu reported that NetEase Games had stopped providing funding.
Shareholders voted to dissolve Nagoshi Studio.
The dissolution notice appeared in Japan’s official gazette.
- Studio
- Nagoshi Studio
- Studio leader
- Toshihiro Nagoshi
- Funding source
- NetEase Games
- Announced game
- GANG OF DRAGON
- Shareholders’ resolution
- October 31, 2026
- Official gazette notice
- November 2, 2026