Bandai Namco has decided to dissolve and liquidate Reflector Entertainment, the developer of Unknown 9: Awakening, according to the company's official announcement. The resolution will discontinue the studio's business, with the liquidation process expected to follow local legal requirements.

The Japanese publisher stated that the decision followed a review of its business portfolio and development structure. Bandai Namco cited future business plans, additional investment requirements, profitability prospects, and the possibility of continuing operations as factors considered before proceeding with the closure.

Bandai Namco acquired Reflector Entertainment in September 2020. The studio subsequently released Unknown 9: Awakening on October 18, 2024, for PlayStation 5, Xbox Series X|S, PlayStation 4, Xbox One, and PC via Steam.

The developer was also expected to work on existing Bandai Namco intellectual property, following plans announced in October 2022. However, the results of those development plans never materialized.

In its closure announcement, Bandai Namco explained its decision:

“Bandai Namco Holdings continuously reviews its business portfolio and intra-Group developmental structure for its medium- and long-term growth and to enhance corporate value,” reads the closure announcement. “After comprehensively considering future business 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 company also addressed the expected timeline for completing the liquidation process. It stated:
“Liquidation is expected to be complete once the necessary procedures according to local laws are completed. However, a concrete schedule is undecided as of now. The Company will advance the necessary procedures according to local laws and regulations, and once said procedures are completed, the liquidation will be complete.”

Bandai Namco expects the closure to result in an extraordinary loss of €21 million in its consolidated financial statements for the third quarter of the fiscal year ending March 31, 2027, and thereafter.