Itagaki Games founder Tomonobu Itagaki has confirmed to Niche Gamer his company has changed from a limited liability company to a joint stock company, as of October 1st, amidst other changes at the company.

Furthermore, Itagaki Games LLC has been consolidated into Itagaki Games Inc., which has existed since 2010 as Itagaki Productions, but got renamed back on September 10th, 2024.

While a limited liability company is smaller in scope it cannot issue shares, bonds, and other securities like a joint stock company is able to – so it’s possible Itagaki Games is securing new funding for game development.

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A new report from Japanese media (via Gamebiz.jp) has found Itagaki Productions, founded back in September 2010, changed its name to Itagaki Games Co., Ltd. in September 2024 and apparently still exists. Coming from this, the media speculate that Itagaki Games has not shut down but changed its name to be consolidated or transferred to Itagaki Productions.

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Itagaki Games, the game development studio launched by Dead or Alive creator Tomonobu Itagaki, has reportedly shut down.

The news of Itagaki Games being shut down comes from the Japanese government online gazette, Kanpou, which lists (via Game Watch) Itagaki Games LLC as shutting down with the following message:

“Public Notice of Dissolution: Itagaki Games has been dissolved. All persons owing claims to the company are requested to file their claims within two months from the day following the publication of this public notice. In the event that no notice is received within the period to the right, the liquidation of the Company will be disqualified. October 7, 2025”

Itagaki Games was launched back in 2021 and was supposed to produce games for PC, Xbox Series X|S, and PlayStation 5. Since its launch, the company hasn’t released any new games.