Former executives and employees of the “Prince Kotobuki” subsidiary.
A securities transaction in which a man in his 40s who was a member of the subsidiary of Kodani Kotoshi, a company that operates sushi restaurants exclusively for take-aways, sold inside stocks before selling downward revisions to earnings forecasts. The Monitoring Committee recommended the Financial Services Agency to order payment of surcharges exceeding 14 million yen.
The subject of the recommendation was a man in Fukuoka's 40s who was an officer / employee of a subsidiary of “Kyoku Kotoshi”, headquartered in Chuo-ku, Tokyo.
According to the Securities and Exchange Surveillance Committee, men are expected to sell more than 2.1 million shares from December last year until January, before the downward revision of the performance forecast of “Kyoji Koushi” is announced. There is a suspicion of selling too much and avoiding the loss.
The Oversight Committee recommended that the Financial Services Agency order the payment of surcharges of over ¥ 14.4 million for insider trading prohibited by the Financial Instruments and Exchange Act.
Kotobuki Kouji announced the comment "I want to try to prevent the recurrence from happening again."