Bandai Namco has resolved to terminate the operations of its consolidated subsidiary, Reflector Entertainment, and initiate dissolution and liquidation procedures. ThisCanada-based"The Unknown 9: AwakeningThe developer was acquired by Bandai Namco in September 2020.
"The Unknown 9: Awakening" was released on October 18, 2024, for PlayStation 5, Xbox Series, PlayStation 4, Xbox One, and Steam, receiving generally weak reviews. Reflector had also planned to participate in projects based on Bandai Namco's existing intellectual properties, but these plans ultimately did not yield tangible results.
Bandai Namco stated that it continuously reviews its business portfolio and internal development structure. After comprehensively considering Reflector's future business plans, required additional investments, profitability potential, and ability to continue operations, the company ultimately decided to cease the studio's operations.
The dissolution and liquidation procedures will proceed in accordance with local laws and regulations, and will only be formally concluded after completing the necessary steps; there is currently no confirmed timeline. Due to this matter, Bandai Namco expects to record a special loss of €21 million in its consolidated financial statements starting from the third quarter of the fiscal year ending March 31, 2027.