Nagoshi Studio, the developer founded by Toshihiro Nagoshi — creator of the Yakuza/Like a Dragon series — has officially shut down, and its debut game Gang of Dragon is cancelled. According to Push Square, the company was dissolved on October 31.

The closure lands less than a year after the game was revealed at The Game Awards last December. Gang of Dragon was pitched as a Yakuza-style action title for PS5, built under the umbrella of Chinese publisher NetEase — which, per GamesRadar+, reportedly pulled its funding earlier this year.

Nagoshi founded the studio after leaving Sega, where he spent decades shaping one of gaming's most distinctive crime-drama franchises. His new venture now joins a growing list of NetEase-backed Japanese studios to falter as the publisher retrenches from its overseas console investments. The studio closes without ever shipping a game.