Nagoshi Studio Formally Dissolved, Official Gazette Notice Shows

Nagoshi Studio Inc., the Tokyo studio NetEase Games established in 2022 under former Yakuza series producer Toshihiro Nagoshi, has been dissolved by resolution of a shareholders’ meeting held on October 31, 2026, according to a company dissolution notice published in the November 2, 2026 extra edition of Japan’s Official Gazette.

The notice, carried in Extra issue No. 240 of the gazette, names Minoru Morinaga as representative liquidator and lists the company’s address as 6-8-1 Nishi-Shinjuku, Shinjuku-ku, Tokyo.

Founded Under NetEase Games in 2022

NetEase Games, the online games division of NetEase, Inc., announced the establishment of Nagoshi Studio Inc. in Tokyo on January 24, 2022. Nagoshi took the post of Representative Director and CEO, joined by experienced developers, many of whom had worked on iconic video games, according to the announcement.

NetEase Games described the studio as a wholly owned subsidiary developing high-end titles for worldwide release, with a primary focus on the console software business. The announcement said the studio would hold full authority to manage and create the kinds of games its staff were passionate about, with NetEase Games’ support, and that it shared the company’s commitment to “Unleash the Potential of Creators” in an open and inclusive environment.

Gang of Dragon

The studio’s game, Gang of Dragon, received a world premiere trailer at The Game Awards 2025, presented live from the Peacock Theater in Los Angeles on December 11, 2025. The video on The Game Awards’ official channel has passed 826,000 views.

The game’s Steam page lists Nagoshi Studio Inc. as both developer and publisher, with the release date shown as “Coming soon” and the game not yet available on the platform. The listing describes an action-adventure from game creator Toshihiro Nagoshi set in the streets of Shinjuku, Tokyo.

Ma Dong-seok stars as Shin Ji-seong, a high-ranking member of a Korean crime syndicate based in Kabukicho, one of Japan’s largest entertainment districts, according to the Steam description. As Shin explores the streets of Shinjuku, he becomes entangled in underworld conflicts and forms human connections that push him to confront his own sense of purpose. Combat unfolds from a third-person perspective, built around hand-to-hand strikes, blade attacks, gunplay and vehicle action across the city.

The page lists the game as single-player, in the action and adventure genres, with nine supported languages. A mature content note from the developers cites intense violence, blood, gore, and depictions of criminal elements and antisocial organizations.

Under the dissolution notice, parties with claims against the company are asked to submit them within two months of the day after the notice’s publication. Those who do not file within that period will be excluded from the liquidation, the notice states.