Nagoshi Studio, founded by Toshihiro Nagoshi, closed in October 2026 after NetEase withdrew funding, according to reports. The Japanese government’s kanpo publication confirmed the shutdown via a shareholders’ resolution.
The studio’s first game, Gang of Dragon, required at least $44.4 million to complete, according to reports, but NetEase reportedly refused to provide the funds. No alternative investors were found, leading to the project’s cancellation.