Sunday, July 9, 2023, 1:32:38 AM, Indochina time
Yuji Naka is the former head of Sonic the Hedgehog development under SEGA.
In early December 2022, the court issued a suspended judgment in a stock trading case using insider information for the Dragon Quest Tact mobile game and Final Fantasy VII: The First Soldier.
After the trial ended at the Tokyo District Court on July 7, 2023, the judge sentenced him to two and a half years in prison, four years in prison, and a fine of about 172 million yen.
Yuki Naka was arrested in November 2022 after allegedly buying all 130,000 shares.
valued at 147 million yen, before the announcement of the aforementioned two games.
The use of inside information to trade with confidential information not publicly available. And do it to make money for themselves. It is considered illegal in Japan.
At the time of his arrest, a former Square Enix employee named Taisuke Sazaki and his friend.
Fumiaki Suzuki is also named as an accomplice. The pair reportedly bought shares worth a total of 47.2 million yen.
Judge Hiruta issued a verdict saying, “He was known as a One of the most famous game developers in the world. Have the authority to access joint development information. It undermines the fairness and stability of the stock market and investor trust.”
Yuji Naka is not only the head of Sonic’s creation team, but also head of development of other games such as Phantasy Star Online, Balan Wonderworld, etc.
He left SEGA around 2006 and in 2018 joined Square Enix as a subsidiary.
Balan Company created its first game, Balan Wonderworld, until it left the company in 2022.