Yuji Naka's defence will try to reduce the sentence and the fines.
Prosecutors in the Tokyo District Court are pushing for a heavy punishment for Sonic and Balan Wonderworld creator Yuji Naka, Abema Times (via VGC) reports. They want to hit Naka with a 2.5 year sentence and a ¥2.5 million fine (around $18,000/£14,000), as well as a “supplementary penalty” of ¥170 million (around $1.2 million/£975,000). Prosecutors have lambasted the game designer for showing “no signs of remorse” over his actions.
The push by the prosecution comes only three months after Naka admitted guilt of insider trading on his first day in court in March this year. Naka was accused of using inside knowledge from his position at Square Enix to buy shares in ATeam and Aiming Inc before their partnerships with the publisher (on Final Fantasy 7: The First Soldier and Dragon Quest Tact, respectively) were publicly announced. When the collaboration went public, Naka’s shares are alleged to have shot up in value, netting the creator a reported profit of around $146,000.
Naka later tried to pin some of the blame on an administrative error, claiming that he only gained access to the info that enabled the insider trading—which he wasn’t meant to see—because he was sent it by mistake.
That’s not much of a defence, since Naka didn’t deny buying shares based on that information, but his legal team likely hoped that the insider trading being a product of circumstance rather than deep premeditation on Naka’s part would garner a more lenient sentence.
We’ll find out if that worked when the court hands down its final sentence on July 7. In the meantime, Naka’s defence is still refusing to give up the fight. The designer’s lawyers are asking that the prosecution’s desired prison time be turned into a suspended sentence—meaning Naka wouldn’t actually have to go to prison unless he violated terms set down by the court—and that the eye-watering fines be reduced.
Correction: An earlier version of this story reported that Naka had already been sentenced. This has now been amended.
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