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Yuji Naka arrested in relation to Square Enix insider trading investigation

You may not have known this, but there has been an investigation going on in Japan in regards to Square Enix. You see, the company is under investigation for insider trading in relation to a new Dragon Quest game.

So far, Taisuke Sazaki and Fumiaki Suzuki have been arrested for acquiring stock in Japanese developer Aiming just before Square Enix announced a new Dragon Quest game. Well, former Square Enix employee and Sonic the Hedgehog creator Yuji Naka has now been arrested too.

Yuji Naka is accused of purchasing approximately 10,000 shares of Aiming stock for around 2,800,000 yen, or $20,000, just before Dragon Quest Tact was announced. This was when Naka was still working for Square Enix for Balan Wonderworld.

It is being suspected that all 3 individuals may have intentionally used insider information to sell the stock again at a later date, when the stock’s value increased. Meanwhile, Square Enix has issued a statement, saying that they have been cooperating with all parties involved with conducting the investigation, including the Tokyo District Public Prosecutors Office and Securities and Exchange Surveillance Commission. Square Enix also said that “we deeply regret the great concern this has caused to all concerned. We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees”.

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25 thoughts on “Yuji Naka arrested in relation to Square Enix insider trading investigation”

      1. Honestly, Square Enix basically doesn’t even care much about their fans and they used a fan cover in Balan Wonderworld without crediting the artist for the music during development as Naka pointed out during his removal. Square Enix is basically the blame for all of this because the producer behind the Wonderworld game treated him like a filthy dog. Naka may have lost the battle, but not yet the war.

        1. The strange world...of Stranga

          What you’re telling is the “official” version… But what if Naka has been under investigation and it led to his firing from Balan wonderworld?

          Every story has two sides.

            1. I guess the point is there’s Mr
              Naka’s side of the story and the square enix one.
              Not so difficult to understand unlesd you are… Slow (ironically)

              1. Are you implying that every softball tactic Square-Enix has done throughout Balan Wonderworld’s development and now is entirely justified.

                At the end of the day Square Enix isn’t exempt from some kind of comeuppance, especially for all the shit they put Naka through. Seriously, arrest?

                I can only imagine what Konami would be capable of, if they ever decide to get really nasty with someone they despise. And I haven’t even gotten to Nintendo.

        1. The strange world...of Stranga

          No one is defending square enix, it’s a what if escenario:

          WHAT IF Naka was fired because of the trading investigation, remember that this is a delicate situation and NDA must have been signed.
          WHAT IF Naka lied about his firing.

          Yeah, that’s only suppositions on my part and I am not defending squenix.

          Anyway replying to @sonicgalaxy, yes I hope the man wins that balan lawsuit but no matter if he wins…he will lose because his reputation is tarnished by the trading scandal and no one would want to work with him again.

          1. I’d work with him (just not for him). Who better to work with then the man behind SA1 and SA2?

            Certainly not the man behind:
            -Sonic Colors’ goofy tone/direction
            -Allowing Pontaff to write several recent Sonic games
            -Allowing Sonic Boom to be a thing
            -Sonic Mania and all of the classic era being retconned as a separate dimension from Modern Sonic.
            -Flanderizing several Sonic characters
            -Having Sonic as the only playable character for over a decade.
            -“Only male hedgehogs can go super”.
            -Trying to connect vastly different Sonic continuities into one “cohesive” universe.
            -Refusing to port Sonic Unleashed (HD) and Sonic Generations (console) to modern systems, namely Nintendo.
            -Firing the Ryan Drummond-era voice cast
            -Shelving several Sonic Team IPs outside of the Sonic franchise.
            -Etc.

  1. Okay, this is fucked up.

    It’s almost like the world is bending in favor of Iizuka and his stupid ass directions.

    Yuji Naka MADE the Adventure games and kept things semi-decent until Sonic 2006. He’s also one of the reasons why Paramount realized they released a shitty design for Movie!Sonic, listened to everyone else’s complains too (people who are often ignored by shallow Hollywood studios), and delayed the movie to fix things. Sure he left SEGA, but with him out of the picture, what chance does the Adventure brand have if Iizuka suddenly decides he’s allergic to games that had heavy involvement from Naka.

    This is also the same guy who continues to sit on rereleases of the Adventure games (much less remakes), doesn’t want to rerelease Unleashed and Generations (the defnitive versions), and thinks he

  2. Well, this is an unexpected twist. Guess we can rule out a public comeback for Naka anytime soon. Hope the allegations aren’t true, obviously, but who knows anymore

  3. Continuation of earlier post that I forgot to finish:

    This is also the same guy who continues to sit on rereleases of the Adventure games (much less remakes), doesn’t want to rerelease Unleashed and Generations (the definitive versions) because of “legal concerns”, and thinks he can connect every Sonic continuity that’s ever been a thing up to this point.

    I don’t think Yuji Naka is an awful person, but it disturbs me that people in this very comment section are far too lax over this.

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