Bandai Namco to shut down Reflector Entertainment

Bandai Namco has passed a resolution to dissolve and liquidate consolidated subsidiary Reflector Entertainment, the company announced.

Reflector Entertainment was acquired by Bandai Namco in September 2020. It released Unknown 9: Awakening for PlayStation 5, Xbox Series, PlayStation 4, Xbox One, and PC via Steam on October 18, 2024 to mostly weak reviews. The studio was also supposed to work on existing Bandai Namco intellectual property, but the results of its plans never materialized.

“[Bandai Namco Holdings] continuously reviews its business portfolio and intra-Group developmental structure for its medium- and long-term growth and to enhance corporate value,” reads the closure announcement. “After comprehensively considering future business plans, necessary additional investment, and the possibility of profitability and business continuation, the Company has decided to discontinue Reflector’s business, dissolve, and liquidate it.”

It continues, “Liquidation is expected to be complete once the necessary procedures according to local laws are completed. However, a concrete schedule is undecided as of now. The Company will advance the necessary procedures according to local laws and regulations, and once said procedures are completed, the liquidation will be complete.”

Bandai Namco expects to post an extraordinary loss of €21 million on its consolidated financial statements for the third quarter of the fiscal year ending March 31, 2027 and thereafter as a result of this matter.