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Former TBM Executives Referred to Prosecutors Over Trade Secret Theft

Their admissions of transferring 80 carbon recycling analysis files in June 2023 mark the move into formal prosecution under the Unfair Competition Prevention Act.

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Overview

  • On August 1, the Tokyo Metropolitan Police’s Economic Crimes Division referred two former TBM employees to prosecutors on suspicion of misappropriating proprietary analysis data.
  • Investigators allege the suspects uploaded about 80 files of TBM’s carbon recycling technology analysis to an external server while still employed at the firm.
  • Both men admitted during voluntary interrogations that they planned to use the stolen data for work at a rival company founded after their resignations.
  • TBM, a Tokyo-based unicorn venture known for its limestone-based LIMEX material, dismissed its next-generation business head in September 2023 over unauthorized transfers of confidential files.
  • The case underscores rising trade secret risks in Japan, with consultations on infringement reaching 79 and 22 related arrests reported in 2024.