Bandai Namco will shut down Reflector Entertainment, the company announced on November 10. No completion date has been set for the process, which depends on the necessary procedures being completed under local laws and regulations.
The decision followed a review of Reflector's future business plans, necessary additional investment, and its prospects for profitability and continued operation. Bandai Namco considered those factors together before deciding to discontinue the studio's business.
The publisher described the decision as part of its ongoing review of its business portfolio and internal development structure. That review is intended to support medium- and long-term growth and improve corporate value.
Reflector Entertainment closure
An acquisition aimed at console development
Bandai Namco acquired Reflector Entertainment in September 2020, bringing the studio into the group as a consolidated subsidiary. The publisher intended to use Reflector's development capabilities to expand its portfolio of locally developed console games for the Americas and Europe.
Bandai Namco expects the shutdown to result in an extraordinary loss of €21 million [approximately $23.5 million]. It expects to record that loss in its consolidated financial statements for the third quarter of the fiscal year ending March 31, 2027, and thereafter.
Reflector had also been lined up to work on an existing Bandai Namco intellectual property. The results of those plans never materialized.
