Six months after the disappearance of Nagoshi Studio’s website, a Google-translated notice on the Japanese government’s Kanpo website (via Gematsu) says the company has now officially closed its doors.
Founded by Yakuza creator Toshihiro Nagoshi in 2021 after a run of more than 30 years at Sega, Nagoshi Studio’s first game was revealed at the 2025 Game Awards as Gang of Dragon—although the reveal was really just a brief CGI clip of Ma Dong-Seok that could have been lifted straight from Korean action film The Outlaws.
The wheels came off just a few months later, though, when NetEase pulled funding for the studio, amidst a broader pullback from external studio support over the previous year. Nagoshi Studio reportedly had no success finding another benefactor to fill the gap, and two months later, in May, the studio’s website disappeared.
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No official proclamations about the fate of the studio were forthcoming, though, and the Steam page remained online, so faint hope of a last-minute rescue persisted. Now, I’m afraid even that’s gone, although the Steam listing is still up if you want to poke around at what might have been.
Better idea: Just watch The Outlaws.
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