NewsGaming stocksPCBandai NamcoReflector EntertainmentUnknown 9: Awakening

Bandai Namco approves liquidation of Unknown 9 developer Reflector

The board has decided to end the Montreal studio’s operations; local legal procedures and the liquidation date remain unresolved.

Barak Eliyahu – site manager of The Checkpoint Daily

Bandai Namco Holdings’ board approved the dissolution and liquidation of Montreal studio Reflector Entertainment on November 10. The company said liquidation depends on completing local legal procedures and that it has not set a date.

Reflector developed Unknown 9: Awakening, whose PC version was published by Bandai Namco Entertainment in October 2024.

In its stock exchange filing, the company said it decided to discontinue Reflector’s business after considering future plans, additional investment needs and the prospects for profitability and continued operations.

Bandai Namco expects an extraordinary loss of approximately €21 million in its consolidated accounts from the third quarter of the fiscal year ending March 2027 onward. It said the amount and timing are still under review and may change with the liquidation procedures and tax and accounting treatment.

Source: Bandai Namco Holdings(opens in a new window)

This article is news reporting only and is not investment advice or a recommendation to buy, sell or hold securities.

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