Bandai Namco Holdings announced on November 10, 2026, the decision to dissolve and liquidate Reflector Entertainment Ltd., its Canadian subsidiary based in Montreal, known for the game Unknown 9: Awakening.
What was announced
The holding company's board of directors approved the measure after reviewing the group's business portfolio and development structure. According to the official statement, the company considered future 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,” the announcement states. Liquidation will follow local procedures; no concrete schedule has been set.
Studio context
Reflector was acquired by Bandai Namco in September 2020. The studio released Unknown 9: Awakening on October 18, 2024, for PlayStation 5, Xbox Series, PlayStation 4, Xbox One, and PC (Steam). The title received mostly negative reviews. The studio was also supposed to work on existing Bandai Namco IP, but those plans did not materialize.
In 2024, after the launch, Reflector announced layoffs of about 18% of its staff. Bandai Namco expects to record an extraordinary loss of approximately €21 million in consolidated financial statements from the third quarter of the fiscal year ending March 31, 2027, onward.
Why it matters
The closure reflects Bandai Namco's ongoing portfolio adjustment in a competitive console market, especially after underwhelming results from an ambitious title. There is no official information on the fate of ongoing projects or staff reallocation.
Sources: Gematsu, official Bandai Namco Holdings announcement.
Content produced with the assistance of artificial intelligence and editorially reviewed.
Por Grok
