Overview
- The company was formally dissolved by a shareholders’ resolution on Saturday, Oct. 31, 2026, according to a Kanpo government-gazette notice reported by multiple outlets.
- Bloomberg reported in March 2026 that NetEase planned to cut funding after determining Gang of Dragon required about ¥7 billion (roughly $44 million) in additional development funds.
- Nagoshi Studio sought alternative sponsors and NetEase reportedly offered exit terms that would let the developer continue only if it paid to retain the game’s assets and branding, but no deal was reached.
- Gang of Dragon remains listed on Steam, yet neither NetEase nor Toshihiro Nagoshi has confirmed any continuation, acquisition, or formal cancellation of the project.
- The closure illustrates NetEase’s wider pullback from overseas investment, a shift that has led to other studio closures and splits and may drive talent moves, asset sales, or management buyouts in Japan’s games sector.