Official records from the Japanese government's Kanpo gazette confirm that Nagoshi Studio Inc. has concluded operations. The dissolution occurred after a meeting of stockholders on October 31, 2026. Founded in January 2022 by Yakuza franchise creator Toshihiro Nagoshi with support from NetEase Games, the studio had unveiled its inaugural title, Gang of Dragon, during the December 2025 Game Awards. Financial backing from NetEase ended earlier in 2026 after the publisher determined the project necessitated an extra 7 billion yen—roughly US$44 million—to finalize development. Internal changes preceded the formal closure, with producer Daisuke Satō updating his professional status to indicate he had left the organization by June 2026.