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Nagoshi Studio enters dissolution after shareholder vote

A Japanese official notice records the October 31 decision. The status of GANG OF DRAGON remains unclear.

Barak Eliyahu – site manager of The Checkpoint Daily

An official GANG OF DRAGON screenshot showing the protagonist on a Shinjuku street
Image: Nagoshi Studio Inc., via Steam

Nagoshi Studio, founded by Like a Dragon creator Toshihiro Nagoshi, has entered dissolution following an October 31 shareholder resolution. The notice in Japan’s Official Gazette was published today, November 2.

Nagoshi previously led the Like a Dragon series at SEGA. Inven Global reports that the studio was established in 2021 with funding from NetEase Games. In December 2025 it revealed GANG OF DRAGON, an action-adventure game starring actor Ma Dong-seok.

The dissolution notice concerns the studio’s legal entity and is not a bankruptcy announcement. Inven Global reports that no official cancellation of the game has been announced. Its Steam page still lists its release as Coming soon; the game is set in Tokyo’s Shinjuku district and follows Korean crime syndicate member Shin Ji-seong.

Source: Official Gazette of Japan

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