NextSharkNextShark.com
Latest Newsletter🍵 White House’s first Lunar New YearRead

Article

‘Sonic the Hedgehog’ creator and former Square Enix employee arrested over insider trading

yuji naka
  • Legendary Sonic designer Yuji Naka is among several former Square Enix employees accused of insider trading.

  • Naka was reportedly arrested on Friday for allegedly buying 10,000 shares of the Japanese game developer Aiming prior to the company’s announcement that it would be working alongside Square Enix on the “Dragon Quest Tact” game.

  • After working as the lead programmer for the original “Sonic the Hedgehog” series for Sega and creating his own studio Prope, Naka joined Square Enix in 2016 to work on the “Balan Wonderworld” platform game.

  • It was during his time at Square Enix that Naka learned about the company’s joint venture with Aiming.

  • Two other employees, Taisuke Sazaki and Fumiaki Suzuki, were also arrested on insider trading charges.

  • “We deeply regret the great concern this has caused to all concerned,” Square Enix said in an official statement. “We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees.”

Asian America Daily - in under 5 minutes

Get our collection of Asian America's most essential stories, to your inbox daily, for free!

Unsure? Check out our Newsletter Archive

Legendary Sonic designer Yuji Naka is among several former Square Enix employees accused of insider trading. 

Naka was reportedly arrested on Friday by the Tokyo District Public Prosecutor’s Office for allegedly buying 10,000 shares of the Japanese game developer Aiming for 2.8 million yen (around $20,000) prior to the company’s announcement that it would be working alongside Square Enix on the “Dragon Quest Tact” game.

After working as the lead programmer for the original “Sonic the Hedgehog” series for Sega and creating his own studio Prope, Naka joined Square Enix in 2016 to work on the “Balan Wonderworld” platform game before being relieved of his duties in 2021, six months before the game’s launch. 

It was during his time at Square Enix that Naka learned about the company’s joint venture with Aiming. 

Two other former Square Enix employees, Taisuke Sazaki, 38, and Fumiaki Suzuki, 40, were also accused of purchasing shares before the announcement of the mobile installment of the “Dragon Quest” series, purchasing 162,000 shares for 47.2 million yen ($336,760). 

“We deeply regret the great concern this has caused to all concerned,” Square Enix said in an official statement. “We have dealt with this incident strictly, including internal disciplinary actions taken against the suspected employees.”

Featured Image via Square Enix

Support our Journalism with a Contribution

Many people might not know this, but despite our large and loyal following which we are immensely grateful for, NextShark is still a small bootstrapped startup that runs on no outside funding or loans.

Everything you see today is built on the backs of warriors who have sacrificed opportunities to help give Asians all over the world a bigger voice.

However, we still face many trials and tribulations in our industry, from figuring out the most sustainable business model for independent media companies to facing the current COVID-19 pandemic decimating advertising revenues across the board.

We hope you consider making a contribution so we can continue to provide you with quality content that informs, educates and inspires the Asian community. Even a $1 contribution goes a long way.  Thank you for everyone's support. We love you all and can't appreciate you guys enough.

Support NextShark

Mastercard, Visa, Amex, Discover, Paypal