A former TKP employee and her husband admitted at their first hearing to charges of insider trading using undisclosed information. They are alleged to have purchased shares in 2 companies worth approximately ¥147 million and divided the profits.
Former TKP employees and others were charged with trading shares worth approximately ¥147 million based on undisclosed information and admitted the charges at their first hearing. The shares involved were those of 2 companies, and the transactions are alleged to have taken place from May through August the year before last.
According to the prosecution's opening statement, defendant Hosoda Arisa (細田 有紗) obtained undisclosed information through internal chat while working in an administrative role for the board of directors and is alleged to have passed it to her husband, defendant Hosoda Masato (細田 正斗). The prosecution said that the couple divided the profits they obtained as a result.
The prosecution also explained that the profits from the insider trading were used for living expenses and purchases including luxury handbags. Further explanations are expected at trial regarding how the undisclosed information was passed on and the breakdown of the specific profits.
The proceedings reached a stage in which the facts at issue are moving toward resolution after both defendants admitted the charges, saying, “There is no mistake.” Attention is expected to remain focused on the future hearing schedule and the handling of evidence.