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Insider says Yuji Naka “will likely receive a suspended sentence”

Former Sonic Team boss Yuji Naka has been indicted once again by the Special Investigation Department regarding insider trading in Japan. Yuji Naka and another former Square Enix employee were charged with another count of violation of Japan’s Financial Instruments and Exchange Law. Mr. Naka is now accused of buying an additional 120,000 shares of mobile developer Ateam before they released the iOS and Android game Final Fantasy VII: The First Soldier in 2021 (now closed). Mr. Naka was previously accused of buying shares in a company developing a Dragon Quest game for iOS and Android in which he allegedly earned “hundreds of millions of yen.” A person with knowledge of the matter told Yahoo Japan that because it’s a first offense and he didn’t get rich from insider trading while working for Square Enix, a judge will most likely impose a suspended sentence on him. Naka.

“In Naka’s case, since it is his first offense and the amount of money is small, he will probably receive a suspended sentence.”

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