Bandai Namco to shut down Reflector Entertainment

Bandai Namco announced the dissolution and liquidation of its Canadian subsidiary, Reflector Entertainment, according to a document discovered on November 10. Marketscreener.com reported that Bandai Namco will record 3.5 billion yen in an extraordinary loss, and its shares fell 6%. GamesIndustry.biz stated that the company expects to post a €21m loss in Q3 as a result of the closure. TradingView noted that the decision was detailed in a notice regarding the dissolution and liquidation of the company's consolidated subsidiary.

Reflector Entertainment was originally acquired by Bandai Namco in 2020. Insider Gaming reported that the studio's sole released game was Unknown 9: Awakening. According to Insider Gaming, the studio's official website indicated that a new game was previously in development, noting in a statement that they would love to fill people in on the new game if they signed a non-disclosure agreement first.

Insider Gaming reported that an outright reason for the closure was not given outside of the company's formal explanation. The official document stated that the group continuously reviews its business portfolio and intra-group developmental structure for medium- and long-term growth and to enhance corporate value. The notice added that the decision came after comprehensively considering future business plans, necessary additional investment, and the possibility of profitability and business.

Regarding the timeline of the closure, Insider Gaming reported that the liquidation has not officially happened yet. The document states that liquidation is expected to be complete once the necessary procedures according to local laws are completed.