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Yuji Naka

All articles tagged with #yuji naka

industry1 month ago

Yuji Naka Opposed Sega's Shift to Mature Games

The article discusses internal conflicts at Sega during its transition from hardware to third-party publisher, highlighting Yuji Naka's strong opposition to creating mature and adult-themed games, preferring family-friendly titles, and the industry's shift towards longer, narrative-driven, multiplayer, and adult-themed games. Despite resistance, some of the recommended approaches, like Nagoshi's Yakuza series, eventually proved successful.

legal-controversy1 year ago

"Square Enix Overhauls Dragon Quest with Producer's Departure and Delays"

Yuji Naka, co-creator of Sonic the Hedgehog, broke his 16-month social media silence by accusing top Dragon Quest producer Yu Miyake of lying in court documents related to Naka's insider trading trial. Naka had been sentenced to a suspended prison term and fines for insider trading while working at Square Enix. Miyake, who oversaw the RPG franchise, will reportedly be re-assigned at Square Enix following the allegations.

crime2 years ago

Sonic Co-Creator Yuji Naka Receives Suspended Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic the Hedgehog, has been given a suspended prison sentence and fined $1.2 million for insider trading. Naka was involved in two separate incidents of insider trading while working at Square Enix in 2020. In one case, he and two co-workers purchased shares in a game developer before the partnership was publicly announced, and in the other case, he allegedly bought shares in a studio that Square Enix planned to partner with. The judge's ruling applies to both cases. Naka joined Sega in 1983 and later joined Square Enix, where he worked on the game Balan Wonderworld before being removed from the team and filing a lawsuit against the company.

business2 years ago

Sonic Co-Creator Yuji Naka Receives Suspended Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic the Hedgehog, has received a suspended 2.5-year prison sentence for insider trading in Japan. He also faces fines totaling over $1.1 million. Naka pleaded guilty to violating Japan's Financial Instruments and Exchange Act by buying shares in game studios before their partnerships were made public. This kind of activity is rare in the gaming world and may damage Naka's reputation, although it is unlikely to have a significant impact on the Sonic franchise.

crime2 years ago

Sonic Co-Creator Yuji Naka Receives Suspended Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic the Hedgehog, has received a suspended prison sentence for insider trading in Japan. Naka was found guilty of violating Japan's Financial Instruments and Exchange Act and was given a two-and-a-half-year prison sentence, suspended for four years, along with fines totaling approximately $1.1 million. The charges were related to his purchase of shares in companies involved with new Dragon Quest and Final Fantasy VII mobile games. Naka has now been formally charged and sentenced for insider trading.

legalcrime2 years ago

Yuji Naka, Sonic Co-Creator, Sentenced for Insider Trading

Yuji Naka, known for his work on the Sonic the Hedgehog series, has been sentenced to a suspended prison term of two and a half years and fined ¥173 million ($1.2 million) for insider trading. Naka purchased shares in Square Enix before the announcement of Dragon Quest Tact and Final Fantasy: The First Soldier, earning a profit of ¥23 million ($163,000). He pleaded guilty and showed remorse, which likely contributed to the lenient sentence.

crime2 years ago

Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic the Hedgehog, has been given a suspended prison sentence for insider trading in Japan. Naka was found guilty of violating Japan's Financial Instruments and Exchange Act for insider trading related to a game development project with Square Enix. The sentence includes a two-and-a-half year prison term, suspended for four years, as well as fines totaling ¥172 million ($1.1 million approx). Naka allegedly bought shares in developer Aiming ahead of the announcement of the Dragon Quest Tact mobile game. The judge stated that Naka's actions damaged the fairness and trust of investors.

crime2 years ago

Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic, has been found guilty of insider trading and sentenced to two years and six months in prison, with a probation period of four years. He has also been fined a total of 173 million yen (over 1 million USD). Naka, along with two other former Square Enix employees, purchased shares in developers ahead of game launches and sold them when the games were announced. He must comply with court rules to avoid jail time and pay the fines.

crime2 years ago

Sonic Co-Creator Yuji Naka Receives Prison Sentence for Insider Trading

Yuji Naka, co-creator of Sonic, has been found guilty of insider trading and sentenced to two years and six months in prison, with a probation period of four years. He has also been fined a total of 173 million yen (over 1 million USD). Naka, along with two other former Square Enix employees, purchased shares in developers ahead of game launches and sold them when the games were announced. He must comply with court rules to avoid jail time and pay the fines.

gaming2 years ago

Sonic Co-Creator Yuji Naka Sentenced to Over 2 Years in Prison for Insider Trading.

Yuji Naka, co-creator of Sonic the Hedgehog and director of Balan Wonderworld, could face two and a half years in prison and over $1 million in fines for insider trading charges related to the reveal of a new Dragon Quest game and the now-defunct mobile battle royale, Final Fantasy VII: The First Soldier. A final decision on his charges is expected next month.

legal2 years ago

Sonic Co-Creator Yuji Naka Sentenced to Over 2 Years in Prison for Insider Trading

Yuji Naka, co-creator of Sonic the Hedgehog, could face a prison sentence of two and a half years and a fine of over $1.2 million for his involvement in an insider trading scheme at Square Enix. Naka was charged with violating Japan's Financial Instruments and Exchange Act by illegally buying shares based on inside information. He pled guilty to the charges in March and a final decision is expected to be made on July 7.