The president of Kappa Create Co., Koki Tanabe, is under investigation for allegations of unlawfully obtaining trade secrets from rival Hama-sushi Co.
The Metropolitan Police Department searched the head office of Kappa Create Co., which operates the Kappa Sushi restaurant chain, on suspicion of violating the Unfair Competition Prevention Law.
Tanabe is suspected of receiving emails about Hama-sushi’s daily sales data and other corporate information between November and mid-December.
Tanabe previously worked at the parent company of Hama-sushi, Zensho Holdings Co.
A former Zensho Holdings colleague reportedly sent him the emails in question.
Kappa Create, which had asked Tanabe about his involvement in the incident, said it deeply apologizes for causing great trouble to Hama-sushi.


CVS Pharmacy Agrees to $315 Million Opioid Settlement
Oil Prices Mixed as Russia Diesel Deal and Houthi Attacks Raise Supply Concerns
South Korea Blocks 27 Crypto Exchange Websites in Regulatory Crackdown
European Auto Stocks Rise as EU-China Trade Deal Targets Hybrid Imports
Samsung, SK Hynix Shares Plunge as China Chip Competition Grows
Interactive Brokers Launches Ethereum Staking With Zerohash
Italy’s Meloni Warns US-Russia Diesel Deal Could Weaken Ukraine Sanctions
Gaza Olive Harvest Collapses as War Destroys Farmland
European Stocks Rise as Oil Prices Fall Ahead of US CPI
Bumble Shares Surge 50% on $1 Billion Buyout Talks
New York Times, AFP Join Coalition to Protect Content From AI
Citi Upgrades Galaxy Digital Stock, Raises Price Target to $28
Nvidia’s China AI Chip Market Share Falls to 34% as Huawei Gains Ground
Oil Prices Fall as Russia Signals Higher Diesel Exports
Arm Breaches Qualcomm License Deal, Jury Awards $2
Wall Street Ends Mixed as Investors Await CPI and Bank Earnings
SpaceX Starlink Restrictions Disrupt Ukraine Military Operations 



