Toshiro NagoshiNagoshi StudioNetEase Inc.NetEase Games

Toshihiro Nagoshi's game studio officially dissolves, ending Gang of Dragon's development; closure follows NetEase signals of divesting from non-Chinese gaming

Toshihiro Nagoshi's game studio has officially dissolved, ending the development of its projects. The closure follows NetEase's decision to cut funding, prompting Nagoshi to seek independent financing, which ultimately proved unsuccessful, as reported on October 31 in a Japanese government notice.

Game Informer Game Informer2 November 2026 · 17:57 UTC
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Toshihiro Nagoshi's game studio has officially dissolved, marking the end of development for its projects, including the anticipated title from the creator of the Yakuza series. Shareholders made the decision on October 31, as reported in a Japanese government notice.

The closure follows NetEase Games cutting funding to Nagoshi Studio, which had been established in November 2021 with support from the Chinese gaming giant. Reports indicated that Nagoshi sought independent funding after the cut but was unable to secure the necessary financial backing.2

This dissolution is part of a broader trend, as NetEase appears to be divesting from non-Chinese gaming ventures. Just over a month ago, the company made headlines for similar actions, indicating a strategic shift in its investment focus.

The end of Nagoshi Studio not only signifies a loss for fans of the Yakuza franchise but also highlights the challenges faced by developers in securing funding in a rapidly changing gaming landscape.

Key Insight
“The studio's closure comes after NetEase has shown signs of pulling back from gaming outside its Chinese operations, including another shutdown just over a month after a launch. This suggests a broader strategic shift for the company in its international gaming ventures.”
CuriousCats studied:
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Game InformerGame Informer
“Nagoshi Studio, the developer led by Yakuza/Like a Dragon series creator Toshiro Nagoshi, has officially shut down, ending development of , which was . Shareholders resolved to dissolve the studio on October 31, according to a notice published in a Japanese government newspaper called , as first reported by .”
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