Nagoshi Studio Closed, Likely Cancelling “Gang of Dragon” Yakuza Successor
An official Japanese government gazette confirms the shutdown of Nagoshi Studio, putting the anticipated “Gang of Dragon” game in doubt.
Official Gazette Confirms Studio Shutdown
The November 2 edition of Japan’s official government gazette listed the final closure of Nagoshi Studio as of October 31. The gazette records business openings and closures, and this entry confirms the studio is no longer operating.
Background on Nagoshi Studio and “Gang of Dragon”
Former Ryu Ga Gotoku Studio general director Toshihiro Nagoshi founded Nagoshi Studio with former Sega colleagues. The studio’s first major project was announced at the 2025 Game Awards as “Gang of Dragon,” described as a spiritual successor to the Yakuza series.
Funding Issues and Project Status
NetEase Games had been providing financial support as part of its investment in Japanese developers. Earlier this year, reports indicated NetEase withdrew funding, leaving the studio short of an estimated $44.4 million needed to complete the cinematic action title.
Signs of an Imminent Shutdown
The studio’s social media accounts stopped updating in February.
The YouTube channel was deleted.
The official website became inaccessible in May before briefly returning.
Several key talents have left the studio for other companies.
Impact on “Gang of Dragon”
Although listings on platforms such as Steam still show “Gang of Dragon” as “coming soon,” the confirmed closure of Nagoshi Studio makes a release highly unlikely.
Related Notes
Other recent headlines mention Daisuke Sato describing himself as “ex‑Nagoshi Studio,” and a note that players who obtained Yakuza: Like a Dragon via PS Plus Essential could lose access.
The closure of Nagoshi Studio marks the end of its brief operation and casts doubt on the future of its flagship project.
