According to Japanese outlet NHK, former Sonic Team head Yuki Naka has admitted to insider trading which is a direct violation of Japan’s Financial Instruments and Exchange Act.
Naka was arrested back in November 2022 for alleged insider trading. This came after he purchased shares of Aiming prior to the announcement of Dragon Quest Tact. He found this information out as one of the highest positions of Square Enix who own the Dragon Quest IP.
Upon selling his shares, Naka walked away with a profit of ¥23 million ($167,000).
