UPDATE: Yuji Naka Reportedly Arrested Yet again For One more Insider Investing Plan

Update, 12/7/2022: Balan Wonderworld director Yuji Naka has been re-arrested on a next cost of insider trading, this time involving the cell battle royale title Final Fantasy VII: The Very first Soldier. 

Final thirty day period, Naka and previous Square Enix employee Taisuke Sazaki had been arrested on suspicion of shopping for shares in developer Aiming right after mastering in progress about the team’s announcement of its cell match Dragon Quest Tact (see the total initial tale down below). Japanese outlet Asashi (many thanks Video Video games Chronicle) now reviews that Naka and Sazaki are considered to have tried out a identical plan for the expose of Last Fantasy VII: The To start with Soldier.

Ashai notes that in February 2021, developer Ateam and Sq. Enix introduced a partnership to develop the cell struggle royale title. Naka and Sazaki are explained to have acknowledged the details of this deal right before it turned community and purchased shares in Ateam in hopes of profiting off a greater stock cost stemming from The Initial Soldier’s reveal. 

Naka is described to have acquired 120,000 shares for approximately 144.7 million yen (roughly in excess of $1 million). Sazaki is accused of getting 91,000 shares for close to 105 million yen ($767,000), as effectively as passing this insider info to an acquaintance who also acquired shares. The investigation is ongoing so it can be unclear wherever things will go from listed here, but Sq. Enix beforehand stated it’s fully cooperating with the Securities and Exchange Surveillance Fee and Tokyo District Public Prosecutors Business office. 

In Oct, Square Enix declared it was shutting down Closing Fantasy VII: The To start with Soldier on January 11. 

Authentic Story, 11/9/2022: Legendary Sonic designer and Balan Wonderworld director Yuji Naka has been arrested in Tokyo in relationship to an insider buying and selling investigation involving the reveal of a Dragon Quest activity. 

According to the Japanese news outlet FNN, the previous 24 several hours observed ex-Sq. Enix personnel Taisuke Sazaki and his good friend Fumiaki Suzuki arrested on suspicion for insider trading. In 2020, developer Aiming had been set to announce its cellular recreation Dragon Quest Tact, and Sazaki and Suzuki are alleged to have acknowledged details about the game prior to it was publicly discovered. The pair reportedly obtained a mixed 162,000 shares of Aiming for about 47.2 million yen (or above $335,000) in advance with the intent of profiting on a likely increased stock rate stemming from Tact’s announcement. 

Yuji Naka is now suspected of getting associated in this scandal as nicely. He is accused of acquiring 10,000 shares value 2.8 million yen (roughly $20,000) in Aiming for the very same reason of profiting from Tact’s expose. Naka was apprehended by Tokyo District Community Prosecutors Office environment, and the investigation is ongoing. It is presently unknown if the suspects continue to possess their shares or if they by now bought them.  

This is the second key controversy Naka has located himself concerned with this year. In April, Naka publicly blasted Square Enix on Twitter more than his elimination as director from Balan Wonderworld prior to its launch, blaming Square for the game’s important failure. This outburst came right after the conclusion of a lawsuit he’d earlier submitted against the publisher. Naka is ideal known as the direct programmer at the rear of the original Sonic the Hedgehog online games for Sega Genesis and Nights into Dreams. 

[Source: FNN]

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