Tokyo District Inspection Special Investigation on suspicion of violating the Financial Instruments and Exchange Act, alleging that a company officer in Tokyo conducted an insider trading based on inside information that a system development company listed on the first section of the former Tokyo Stock Exchange will make a tender offer for shares. I was arrested by the department.
The person arrested was Takahide Nishino (55), a corporate officer in Minato-ku, Tokyo.
According to the Tokyo District Prosecutor's Office, Nishino was bought by an investment company in Tokyo around mid-July after a takeover bid for the system development company "Soft Brain," which was listed on the First Section of the Tokyo Stock Exchange. There is a suspicion of violating the Financial Instruments and Exchange Act, alleging that it has conducted an insider trading to buy a total of about 6.7 million yen worth of shares based on inside information before the announcement.
The stock price of Softbrain, which had been around 400 yen at that time, soared after the TOB was announced on August 14, and on August 19, five days later, it more than doubled to 868 yen. ..
According to the Special Investigation Department, it is suspected that the inside information of the TOB was passed on to Officer Nishino from Softbrain employees, so it is expected that the details will be investigated.
The Special Investigation Department has not disclosed the approval or disapproval of Officer Nishino, but according to the people concerned, he has denied the charges.