Studio announced Gang of Dragon game during The Game Awards last December
Image via Nagoshi Studio's X/Twitter account © Nagoshi Studio
Yakuza/Like A Dragon
The November 2 issue of the Japanese government'sgazette reported thatfranchise creator's new studio Nagoshi Studio Inc. has officially been dissolved after a stockholders meeting on October 31.
NetEase Games had announced the formation of Nagoshi Studio Inc. in January 2022. The studio announced its first game Gang of Dragon during The Game Awards in December 2025.
Bloomberg then reported in March 2026 that a NetEase spokesperson confirmed it will stop financing the studio. According to that report, NetEase decided to stop funding the studio after it discovered the game would need additional funding of 7 billion yen (about US$44 million) to be completed.
Nagoshi Studio producer Daisuke Satō had in June listed himself as an "ex-Nagoshi Studio" employee across his social media accounts.
Nagoshi stepped down from his role as chief creative officer of Sega in April 2021, but continued at the company as creative director. Nagoshi then left Sega in October 2021. He had been working for Sega since 1989.
In September 2024 Bloomberg reported that NetEase had laid off most of the staff at Ouka Studios ( Visions of Mana ) in Tokyo and intended to shut down the studio's offices in Shibuya (the studio closed in late 2024). NetEase had hired former staff from companies such as CAPCOM , Bandai Namco, and Square Enix when establishing console-focused teams at Ouka in Shibuya in 2020. Visions of Mana developer Ryosuke Yoshida then joined Square Enix in December 2024.
Sources: Kanpo, 4Gamer (或鷹)