Yuji Naka
Yuji Naka
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Insider Trading Investigation and Conviction Timeline

This timeline details the legal troubles Yuji Naka faced following his departure from Square Enix, including accusations and eventual conviction for insider trading.
Arrested on Suspicion of Insider Trading
November 2022
Yuji Naka is arrested by Japanese authorities on suspicion of insider trading related to the development of 'Dragon Quest Tact,' a mobile game developed by Aiming Inc. Square Enix held shares in Aiming and Naka allegedly purchased shares in Aiming before the public announcement of the Dragon Quest collaboration, using insider information.
Re-arrested on Further Insider Trading Suspicions
December 2022
Naka is re-arrested on suspicion of insider trading related to 'Final Fantasy VII: The First Soldier', another mobile game. He allegedly purchased shares in Ateam Entertainment, the game's developer, before the game's announcement.
Guilty Verdict for Insider Trading
March 2023
Yuji Naka is found guilty of insider trading charges. The court acknowledges that he used insider information to profit from the stock market. He is sentenced to a suspended prison sentence and fined.