The judgment hearing for 2 defendants, including former TKP employee Hosoda Arisa (細田有紗), who were accused of insider trading related to TKP based on undisclosed information, was held at the Tokyo District Court. They were sentenced to imprisonment with suspended terms and fined, and were ordered to pay a surcharge.
Defendant Hosoda Arisa (細田有紗) (37) and her husband, defendant Hosoda Masato (正斗) (45), were charged with violating the Financial Instruments and Exchange Act for allegedly purchasing 367,100 shares in 2 stocks in their own names for approximately ¥147.5 million based on undisclosed information concerning TKP. They were alleged to have conspired between May and August 2024.
Judge Shotokuji Satoko (諸徳寺聡子) of the Tokyo District Court pointed out that Hosoda Arisa (細田有紗) was in a position to access information concerning a tender offer for a TKP-related company and other information, and found that the insider trading was carried out by Hosoda Masato (正斗). The court determined that the sale proceeds amounted to more than approximately ¥48 million.
The sentences were 2 years’ imprisonment, suspended for 4 years, and a ¥2 million fine for Hosoda Arisa (細田有紗), and 2 years and 6 months’ imprisonment, suspended for 4 years, and a ¥2.5 million fine for Hosoda Masato (正斗). The 2 defendants will be jointly liable for a surcharge of approximately ¥195.8 million.
The judgment hearing was held on the 30th. The court characterized the case as “a relatively large-scale and malicious offense that significantly undermined investors’ confidence.”