Overview
- Bandai Namco passed a resolution to dissolve and liquidate Reflector Entertainment on Tuesday, November 10, 2026, with the final timetable to be set under local law.
- The publisher expects to record an extraordinary loss of roughly €21 million in its third-quarter results for the fiscal year ending March 31, 2027, but it says the exact amount and timing remain under review.
- Reflector, acquired by Bandai Namco in 2020, was the Montreal studio behind Unknown 9: Awakening, which launched in October 2024 and drew mixed critical response and weak sales.
- Following Unknown 9’s poor performance, Reflector cut about 18% of its staff in November 2024 and made further redundancies in 2025 after cancelling an unannounced project and shelving broader franchise plans.
- The closure leaves staff, in‑progress work, and the future availability of Unknown 9 unclear and highlights wider industry restructuring; observers should watch for the liquidation schedule, the number of employees affected, and any decisions on the game's digital presence.