Bandai Namco to liquidate Reflector Entertainment

Bandai Namco has decided to dissolve and liquidate Reflector Entertainment, the developer of Unknown 9: Awakening. The company says it made this decision after considering future business plans, required investments, and the possibility of the studio's continued profitability. Reflector Entertainment was acquired by Bandai Namco in September 2020 and was planned to work on existing Bandai Namco intellectual property, though those results did not materialize. Bandai Namco reports that the studio had been experiencing declining profits.

Unknown 9: Awakening · official art via IGDB

An estimated €21 million extraordinary loss for the third quarter of fiscal 2027 is expected by Bandai Namco because of the closure. The company notes that the actual loss amount and the timing of the posting may change based on tax, accounting, and liquidation procedures. The fiscal year ends on March 31, 2027. Bandai Namco has not announced a specific timetable for the completion of the liquidation.

Reflector Entertainment's only released game, Unknown 9: Awakening, launched on October 18, 2024, for PC, PlayStation 4, PlayStation 5, Xbox One, and Xbox Series X/S.