Nagoshi Studio, founded by Yakuza creator Toshihiro Nagoshi, has officially closed, and its planned PS5 game, Gang of Dragon, is not moving forward. Push Square reports the studio was dissolved on 31 October, with an official notice appearing in Japan’s government gazette, Kanpo. The closures follow earlier reporting that NetEase had stopped funding the project.
GamesIndustry.biz and VGC both describe the shutdown as occurring months after NetEase withdrew funding earlier in the year. Together, the outlets place the development’s end after the publisher’s funding decision and shortly after the game’s earlier public reveal. The combined coverage emphasizes the final, official confirmation of the studio’s closure and the resulting cancellation of the PS5 title.
While details are largely consistent—NetEase cuts funding, Nagoshi Studio closes, Gang of Dragon does not release—Push Square adds the specific dissolution date and reference to the Japanese gazette notice. The other outlets focus more generally on the funding withdrawal and the studio’s closure.
