Forgot password
Enter the email address you used when you joined and we'll send you instructions to reset your password.
If you used Apple or Google to create your account, this process will create a password for your existing account.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Reset password instructions sent. If you have an account with us, you will receive an email within a few minutes.
Something went wrong. Try again or contact support if the problem persists.
Yuji Naka Arrested Business Photo
Category:
News

Sonic co-creator Yuji Naka has reportedly been arrested for insider trading

The Sonic co-creator may be feeling blue.
Image of Daniel Pinheiro
Daniel Pinheiro
|

Published: Nov 18, 2022 01:30 pm

In surprising news, it’s been reported that the Tokyo District Public Prosecutors Office arrested famed Sonic the Hedgehog programmer Yuji Naka for engaging in insider trading. Japanese outlet Fuji News Network broke the story, which alleges that the arrest had to do with the 2020 mobile game Dragon Quest Tact. An English-language report conducted by the Asahi Shimbun newspaper went on to corroborate the story.

Recommended Videos

According to the FNN’s report, Naka heard about the development of Dragon Quest Tact back in January 2020 prior to the game’s official announcement the month after. During this time, Naka was working with Dragon Quest publisher Square Enix to produce the poorly received 3D platformer Balan Wonderworld.

Naka reportedly spent around 2.8 million yen, equal to about $28,000 USD, to purchase 10,000 shares in Dragon Quest Tact developer Aiming. Naka’s purchase, seemingly done in the hopes that he would profit from a share price increase after the game’s then-upcoming announcement and release, reportedly violated Japan’s Financial Instruments and Exchange Act. For now, outlets have not found out whether or not Naka sold those shares.

Naka is not the only suspect

A day prior to Naka’s arrest, Square Enix employees Taisuke Sazaki and Fumiaki Suzuki also faced arrest for similar crimes. These two allegedly spent 47 million yen, or $336,000 USD, on Aiming stock sometime between late 2019 and early 2020. Suzuki apparently first heard about Aiming’s work on Dragon Quest Tact back in November 2019.

The Asashi Shimbun report suggested that Sazaki and Suzuki saw profits reaching up to tens of millions of yen upon selling their Aiming shares after Dragon Quest Tact’s announcement. Additionally, Sazaki reportedly worked as part of Dragon Quest Tact’s joint development team. Square Enix released a statement to VGC after Sazaki and Suzuki’s arrests saying it will fully cooperate with the Tokyo District Public Prosecutors Office’s investigation into the matter. The company has not commented on the situation with Yuji Naka since he was arrested.

Yuji Naka Arrested Balan Wonderworld Intro

Image via Square Enix

Post Tag:
Yuji Naka
PC Invasion is supported by our audience. When you purchase through links on our site, we may earn a small affiliate commission. Learn more about our Affiliate Policy
related content
Author
Image of Daniel Pinheiro
Daniel Pinheiro
Daniel is a Contributing Writer who has been with PC Invasion since June 2021. A recipient of a master's degree in Community Journalism from the University of Alabama, he holds a deep passion for the gaming medium and the impact it can have on our lives. He is open to all kinds of genres, but has a particular affinity for platformers and beat 'em ups (or brawlers, or hack and slash, or character action, or whatever else you prefer to call them). In his spare time, he loves playing franchises like Mario, Kirby, Zelda, Tekken, and Devil May Cry. He also loves to travel and listen to multiple hours-long video essays back-to-back.
twitter