Nagoshi Studio Dissolved, Fate of Gang of Dragon Unclear

Nagoshi Studio, the game developer founded by Yakuza series creator Toshihiro Nagoshi, was dissolved by shareholder resolution on October 31, according to a notice in Japan’s government gazette, Kanpo. The company had been developing Gang of Dragon, an action-adventure game starring Ma Dongseok, also known as Don Lee. The notice establishes the studio’s dissolution, but does not state what will happen to the game or any work and assets developed for it. The supplied reports do not confirm whether Gang of Dragon will continue under another owner or an independent team. Nagoshi Studio was established under NetEase Games and unveiled Gang of Dragon in December 2025. The game was presented at The Game Awards, with Ma Dongseok in the lead role. Its setting was Kabukicho, a district in Tokyo. NetEase’s funding decision preceded the dissolution. Bloomberg reported in March 2026 that the company planned to stop funding the studio. Other reports said NetEase cut funding, but the gazette notice does not address that decision, and NetEase did not publicly disclose a reason in the accounts provided. Reports said the studio would need an additional 7 billion yen, described as about $44...