Nagoshi Studio, creator of the Yakuza series, shuts down

Nagoshi Studio, the Japanese developer known for the Yakuza series, has officially closed. The studio shut down on 31 October 2026, and the future of its game Gang of Dragon is now in doubt.

The studio was building Gang of Dragon, an action-adventure game led by actor Don Lee. It was first revealed as part of The Game Awards 2025 announcements in December last year. The closure therefore comes less than a year after the game was shown to the public.

The studio's own work on the game has stopped with the closure. It has not been said whether another company will take it on, or whether it will be released in some other form. It is not yet known what the publisher or any other party plans to do next.

Nagoshi Studio is closely tied to the Yakuza series, which its founder helped create. Fans of the franchise will be watching closely, since the studio's recent work was a new direction for its team. No release date or platform has been confirmed for Gang of Dragon so far.

It is not yet known what will happen to the studio's staff, its unfinished projects, or the Gang of Dragon development work. Neither the studio nor a publisher has given a timeline for any decision on the game.