Nagoshi Studio, maker of Gang of Dragon, dissolved by shareholders' resolution
Toshihiro Nagoshi's Tokyo studio was formally dissolved on October 31, according to a Japanese government gazette notice. The studio had revealed its first game, Gang of Dragon, at the 2025 Game Awards.
Digital Developer Desk, 3h ago, 2 min read
Nagoshi Studio has been shut down. A notice in the Japanese government gazette Kanpo, reported via Gematsu and then by 80 Level, says the company was formally dissolved by a shareholders' resolution on October 31.
Toshihiro Nagoshi, the former chief creative officer at Sega, left Sega in 2021 and soon started the studio. It became a subsidiary of NetEase. In 2022, Nagoshi said he wanted to make games built around human drama.
The studio's first game, Gang of Dragon, was revealed at the 2025 Game Awards. It is an action-adventure set in Tokyo and features Korean actor Ma Dong-seok (Don Lee). Nagoshi said it would include violence as a game element without making it the main focus. He said it would not be a horror or a thriller. It was inspired by Quentin Tarantino's work and would alternate comedy with serious topics.
On funding, 80 Level reports that in March 2026 NetEase planned to end its funding in May. Nagoshi reportedly needed at least $44.4 million more to finish the game and tried without success to find a new sponsor. The studio's website went offline in May.
According to 80 Level, Nagoshi Studio has not made an official statement about the closure or the future of Gang of Dragon. The game's Steam page was still online at the time of writing.
Sources
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