第五条資産については、この省令又は法以外の法令に別段の定めがある場合を除き、会計帳簿にその取得価額を付さなければならない。

Article 5(1)With regard to assets, unless otherwise provided in laws and regulations other than this Ministerial Order or the Act, the acquisition values thereof must be entered to the accounting books.

２償却すべき資産については、事業年度の末日（事業年度の末日以外の日において評価すべき場合にあっては、その日。以下この編において同じ。）において、相当の償却をしなければならない。

(2)With regard to assets to be depreciated, a reasonable amount of depreciation must be carried out on the last day of the business year (if valuation is to be carried out on a day other than the last day of the business year, that day; the same applies hereinafter in this Part).

３次の各号に掲げる資産については、事業年度の末日において当該各号に定める価格を付すべき場合には、当該各号に定める価格を付さなければならない。

(3)With regard to the assets set forth in the following items, if the price provided in each respective item is to be entered on the last day of the business year, the price provided in each respective item must be entered:

４取立不能のおそれのある債権については、事業年度の末日においてその時に取り立てることができないと見込まれる額を控除しなければならない。

(4)With regard to claims for which there is a risk of non-collection, the amount which is forecast to remain uncollected on the last day of the business year must be deducted.

５債権については、その取得価額が債権金額と異なる場合その他相当の理由がある場合には、適正な価格を付すことができる。

(5)With regard to claims, if there is a difference between the acquisition value and the claim amount, or if there is another reasonable ground, the proper price may be entered.

６次に掲げる資産については、事業年度の末日においてその時の時価又は適正な価格を付すことができる。

(6)With regard to the assets set forth below, the market value or the proper price at the time may be entered on the last day of the business year:

第六条負債については、この省令又は法以外の法令に別段の定めがある場合を除き、会計帳簿に債務額を付さなければならない。

Article 6(1)With regard to liabilities, unless otherwise provided in laws and regulations other than this Ministerial Order or the Act, the amount of liabilities must be entered in the accounting books.

２次に掲げる負債については、事業年度の末日においてその時の時価又は適正な価格を付すことができる。

(2)With regard to the liabilities set forth below, the market value or the proper price at the time may be entered on the last day of the business year:

第七条会社が組織変更をする場合には、当該組織変更をすることを理由にその有する資産及び負債の帳簿価額を変更することはできない。

Article 7If a company performs an entity conversion, it may not change the book value of assets and liabilities it holds on the grounds that the entity conversion is being performed.

第八条次の各号に掲げる会社は、吸収合併又は吸収分割が当該会社による支配取得に該当する場合その他の吸収型再編対象財産に時価を付すべき場合を除き、吸収型再編対象財産には、当該各号に定める会社における当該吸収合併又は吸収分割の直前の帳簿価額を付さなければならない。

Article 8(1)For the companies set forth in the following items, except cases in which the absorption-type merger or absorption-type company split constitutes an acquisition of control on the part of that company, or other cases where the market value of the assets subject to absorption-type restructuring is to be entered, the book value of the company provided in each respective item immediately prior to the absorption-type merger or absorption-type company split must be entered for the assets subject to absorption-type restructuring:

２前項の規定は、新設合併及び新設分割の場合について準用する。

(2)The provisions of the preceding paragraph apply mutatis mutandis to consolidation-type mergers and incorporation-type company splits.

第九条持分会社が組織変更をする場合において、当該持分会社が当該組織変更の直前に持分会社が社員に対して出資の履行をすべきことを請求する権利に係る債権を資産として計上しているときは、当該組織変更の直前に、当該持分会社は、当該債権を資産として計上しないものと定めたものとみなす。

Article 9(1)If a membership company performs an entity conversion when immediately prior to the entity conversion the membership company is recording as assets claims concerning the right of a membership company to demand that contributions should be performed by its members, it is deemed that the membership company has determined that it will not record the claims as assets immediately prior to the entity conversion.

２前項の規定は、社員に対して出資の履行をすべきことを請求する権利に係る債権を資産として計上している持分会社が吸収合併消滅会社又は新設合併消滅会社となる場合について準用する。

(2)The provisions of the preceding paragraph apply mutatis mutandis to cases where the membership company recording claims concerning the right to demand that contributions should be performed by its members as assets becomes a company disappearing in an absorption-type merger or a company disappearing in a consolidation-type merger.

第十条次に掲げる法律の規定により会社以外の法人が会社となる場合には、当該会社がその有する資産及び負債に付すべき帳簿価額は、他の法令に別段の定めがある場合を除き、当該会社となる直前に当該法人が当該資産及び負債に付していた帳簿価額とする。

Article 10If a corporation which is not a company becomes a company pursuant to the provisions of the Acts set forth below, the book values to be entered by that company to the assets and liabilities that company holds are the book values entered for the relevant assets and liabilities of that corporation immediately prior to becoming that company, unless otherwise provided in other laws and regulations:

第十三条株式会社がその成立後に行う株式の交付（法第四百四十五条第五項に掲げる行為に際しての株式の交付を除く。）による株式会社の資本金等増加限度額（同条第一項に規定する株主となる者が当該株式会社に対して払込み又は給付をした財産の額をいう。以下この節において同じ。）、その他資本剰余金及びその他利益剰余金の額並びに自己株式対価額（第百五十条第二項第八号及び第百五十八条第八号ロ並びに法第四百四十六条第二号並びに第四百六十一条第二項第二号ロ及び第四号に規定する自己株式の対価の額をいう。以下この章において同じ。）については、この款の定めるところによる。

Article 13(1)The maximum amount of increase in stated capital of a stock company (meaning the amount of property that persons who are shareholders as provided in Article 445, paragraph (1) of the Act have paid or delivered to the stock company, the same applies hereinafter in this Section) through share delivery occurring after the formation of the stock company (excluding share delivery upon performance of the actions set forth in the same Article, paragraph (5) of the Act), the amount of other capital surplus and other retained earnings, and the amount of consideration for treasury shares (meaning the amount of consideration for the treasury shares as provided in Article 150, paragraph (2), item (viii) and Article 158, item (viii), (b) hereof, and Article 446, item (ii) and Article 461, paragraph (2), item (ii), (b) and item (iv) of the Act; the same applies hereinafter in this Chapter) are to be governed by this Subsection.

２前項に規定する「成立後に行う株式の交付」とは、株式会社がその成立後において行う次に掲げる場合における株式の発行及び自己株式の処分（第八号、第九号、第十二号、第十四号及び第十五号に掲げる場合にあっては、自己株式の処分）をいう。

(2)The phrase "share delivery occurring after the formation of a stock company" as provided in the preceding paragraph means the issuance of shares and the disposition of treasury shares (in the cases set forth in item (viii), item (ix), item (xii), item (xiv) and item (xv), the disposition of treasury shares) that occurs after the formation of a stock company in the cases set forth below:

第十四条法第二編第二章第八節の定めるところにより募集株式を引き受ける者の募集を行う場合には、資本金等増加限度額は、第一号及び第二号に掲げる額の合計額から第三号に掲げる額を減じて得た額に株式発行割合（当該募集に際して発行する株式の数を当該募集に際して発行する株式の数及び処分する自己株式の数の合計数で除して得た割合をいう。以下この条において同じ。）を乗じて得た額から第四号に掲げる額を減じて得た額（零未満である場合にあっては、零）とする。

Article 14(1)If the subscribers are solicited for shares for subscription pursuant to the provisions of Part II, Chapter II, Section 8 of the Act, the maximum amount of increase in stated capital is the amount obtained by subtracting the amount set forth in item (iv) from the amount obtained by multiplying by the share issue rate (meaning the rate obtained by dividing the number of shares issued at the solicitation by the sum of the number of shares issued and the number of treasury shares disposed of at the solicitation; the same applies hereinafter in this Article) the amount obtained by subtracting the amount set forth in item (iii) from the sum of the amounts set forth in item (i) and item (ii) (if this is less than zero; zero):

２前項に規定する場合には、同項の行為後の次の各号に掲げる額は、同項の行為の直前の当該額に、当該各号に定める額を加えて得た額とする。

(2)In the cases prescribed in the preceding paragraph, the amounts after the acts set forth in the same paragraph set forth in the following items are to be the amounts obtained by adding the amounts provided in those items to those respective amounts existing immediately prior to the act set forth in the same paragraph:

３第一項に規定する場合には、自己株式対価額は、第一項第一号及び第二号に掲げる額の合計額から同項第三号に掲げる額を減じて得た額に自己株式処分割合を乗じて得た額とする。

(3)In the cases prescribed in paragraph (1), the amount of consideration for treasury shares is the amount obtained by multiplying by the treasury share disposal rate the amount obtained by subtracting the amount set forth in item (iii) of the same paragraph from the sum of the amounts set forth in paragraph (1), item (i) and item (ii).

４第二項第一号ロに掲げる額は、第百五十条第二項第八号及び第百五十八条第八号ロ並びに法第四百四十六条第二号並びに第四百六十一条第二項第二号ロ及び第四号の規定の適用については、当該額も、自己株式対価額に含まれるものとみなす。

(4)The amount set forth in paragraph (2), item (i), (b), with respect to the application of the provisions of Article 150, paragraph (2), item (viii) and Article 158, item (viii), (b) hereof, and Article 446, item (ii), and Article 461, paragraph (2), item (ii), (b) and item (iv) of the Act, is also deemed to be included in the amount of consideration for treasury shares.

５第一項第二号の規定の適用については、現物出資財産について法第百九十九条第一項第二号に掲げる額及び同項第三号に掲げる価額と、当該現物出資財産の帳簿価額（当該出資に係る資本金及び資本準備金の額を含む。）とが同一の額でなければならないと解してはならない。

(5)With respect to the application of the provisions of paragraph (1), item (ii), the amount set forth in Article 199, paragraph (1), item (ii) of the Act, and the value set forth in the same paragraph, item (iii) regarding properties contributed in kind, and the book value of the properties contributed in kind (including the amounts of stated capital and capital reserves concerning the contributions) must not be interpreted as having to be the same amount.

第十五条次に掲げる場合には、資本金等増加限度額は、零とする。

Article 15(1)In the cases set forth below, the maximum amount of increase in stated capital is zero:

２前項各号に掲げる場合には、自己株式対価額は、当該各号に掲げる場合において処分する自己株式の帳簿価額とする。

(2)In the cases set forth in each item of the preceding paragraph, the amount of consideration for treasury shares is the book value of the treasury shares disposed of in the cases set forth respectively in those items.

第十六条株式無償割当てをする場合には、資本金等増加限度額は、零とする。

Article 16(1)If an allotment of shares without contribution is made, the maximum amount of increase in stated capital is zero.

２前項に規定する場合には、株式無償割当て後のその他資本剰余金の額は、株式無償割当ての直前の当該額から当該株式無償割当てに際して処分する自己株式の帳簿価額を減じて得た額とする。

(2)In the cases prescribed in the preceding paragraph, the amount of other capital surplus after an allotment of shares without contribution is the amount obtained by subtracting the book value of treasury shares disposed of in the allotment of shares without contribution from the amount of other capital surplus immediately prior to the allotment of shares without contribution.

３第一項に規定する場合には、自己株式対価額は、零とする。

(3)In the cases prescribed in paragraph (1), the amount of consideration for treasury shares is zero.

第十七条新株予約権の行使があった場合には、資本金等増加限度額は、第一号から第三号までに掲げる額の合計額から第四号に掲げる額を減じて得た額に株式発行割合（当該行使に際して発行する株式の数を当該行使に際して発行する株式の数及び処分する自己株式の数の合計数で除して得た割合をいう。以下この条において同じ。）を乗じて得た額から第五号に掲げる額を減じて得た額（零未満である場合にあっては、零）とする。

Article 17(1)If share options have been exercised, the maximum amount of increase in stated capital is the amount obtained by subtracting the amount set forth in item (v) from the amount obtained by multiplying by the share issue rate (meaning the rate obtained by dividing the number of shares issued upon exercise by the sum of the number of shares issued and the number of treasury shares disposed of upon exercise; the same applies hereinafter in this Article) the amount obtained by subtracting the amount set forth in item (iv) from the sum of the amounts set forth in item (i) through item (iii) (if this is less than zero; zero):

２前項に規定する場合には、新株予約権の行使後の次の各号に掲げる額は、当該行使の直前の当該額に、当該各号に定める額を加えて得た額とする。

(2)In the cases prescribed in the preceding paragraph, the amounts after the exercising of share options set forth in the following items are to be the amounts obtained by adding the amounts as provided in those items to those respective amounts existing immediately prior to the exercising:

３第一項に規定する場合には、自己株式対価額は、同項第一号から第三号までに掲げる額の合計額から同項第四号に掲げる額を減じて得た額に自己株式処分割合を乗じて得た額とする。

(3)In the cases prescribed in paragraph (1), the amount of consideration for treasury shares is the amount obtained by multiplying by the treasury share disposal rate the amount obtained by subtracting the amount set forth in item (iv) of the preceding paragraph from the sum of the amounts set forth in item (i) through item (iii) of the same paragraph.

４第二項第一号ロに掲げる額は、第百五十条第二項第八号及び第百五十八条第八号ロ並びに法第四百四十六条第二号並びに第四百六十一条第二項第二号ロ及び第四号の規定の適用については、当該額も、自己株式対価額に含まれるものとみなす。

(4)The amount set forth in paragraph (2), item (i), (b), with respect to the application of the provisions of Article 150, paragraph (2), item (viii) and Article 158, item (viii), (b) hereof, and Article 446, item (ii) and Article 461, paragraph (2), item (ii), (b) and item (iv) of the Act, is also deemed to be included in the amount of consideration for treasury shares.

５第一項第一号の規定の適用については、新株予約権が募集新株予約権であった場合における当該募集新株予約権についての法第二百三十八条第一項第二号及び第三号に掲げる事項と、第一項第一号の帳簿価額とが同一のものでなければならないと解してはならない。

(5)Regarding the application of the provisions of paragraph (1), item (i), if share options are share options for subscription, the matters set forth in Article 238, paragraph (1), item (ii) and item (iii) of the Act regarding the relevant share options for subscription and the book value referred to in paragraph (1), item (i) must not be interpreted as being required to be the same amount.

６第一項第三号の規定の適用については、現物出資財産について法第二百三十六条第一項第二号及び第三号に掲げる価額と、当該現物出資財産の帳簿価額（当該出資に係る資本金及び資本準備金の額を含む。）とが同一の額でなければならないと解してはならない。

(6)With respect to the application of the provisions of paragraph (1), item (iii), the values set forth in Article 236, paragraph (1), item (ii) and item (iii) of the Act regarding properties contributed in kind, and the book value of the properties contributed in kind (including the amounts of stated capital and capital reserves concerning the contributions), must not be interpreted as being required to be the same amount.

第十八条取得条項付新株予約権の取得をする場合には、資本金等増加限度額は、第一号に掲げる額から第二号及び第三号に掲げる額の合計額を減じて得た額に株式発行割合（当該取得に際して発行する株式の数を当該取得に際して発行する株式の数及び処分する自己株式の数の合計数で除して得た割合をいう。以下この条において同じ。）を乗じて得た額から第四号に掲げる額を減じて得た額（零未満である場合にあっては、零）とする。

Article 18(1)When share options subject to call are acquired, the maximum amount of increase in stated capital is the amount obtained by subtracting the amount set forth in item (iv) from the amount obtained by multiplying by the share issue rate (meaning the rate obtained by dividing the number of shares issued at the acquisition by the sum of the number of shares issued and the number of treasury shares disposed of at the acquisition; the same applies hereinafter in this Article) the amount obtained by subtracting the sum of the amounts set forth in item (ii) and item (iii) from the amount set forth in item (i) (if this is less than zero; zero):

２前項に規定する場合には、取得条項付新株予約権の取得後の次の各号に掲げる額は、取得条項付新株予約権の取得の直前の当該額に、当該各号に定める額を加えて得た額とする。

(2)In the cases prescribed in the preceding paragraph, the amounts after the acquisition of share options subject to call set forth in the following items are each to be the amounts obtained by adding the amounts as provided in those items to those respective amounts existing immediately prior to the acquisition of share options subject to call:

３第一項に規定する場合には、自己株式対価額は、同項第一号に掲げる額から同項第二号及び第三号に掲げる額の合計額を減じて得た額に自己株式処分割合を乗じて得た額とする。

(3)In the cases prescribed in paragraph (1), the amount of consideration for treasury shares is the amount obtained by multiplying by the treasury share disposal rate the amount obtained by subtracting the sum of the amounts set forth in item (ii) and item (iii) of the preceding paragraph from the amount set forth in item (i) of the same paragraph.

４第二項第一号ロに掲げる額は、第百五十条第二項第八号及び第百五十八条第八号ロ並びに法第四百四十六条第二号並びに第四百六十一条第二項第二号ロ及び第四号の規定の適用については、当該額も、自己株式対価額に含まれるものとみなす。

(4)The amount set forth in paragraph (2), item (i), (b), with regard to the application of the provisions of Article 150, paragraph (2), item (viii) and Article 158, item (viii), (b) hereof, and Article 446, item (ii) and Article 461, paragraph (2), item (ii), (b) and item (iv) of the Act, is also deemed to be included in the amount of consideration for treasury shares.

第十九条単元未満株式売渡請求を受けた場合には、資本金等増加限度額は、零とする。

Article 19(1)If a demand for the sale of shares less than one unit has been received, the maximum amount of increase in stated capital is zero.

２前項に規定する場合には、単元未満株式売渡請求後のその他資本剰余金の額は、第一号及び第二号に掲げる額の合計額から第三号に掲げる額を減じて得た額とする。

(2)In the case prescribed in the preceding paragraph, the amount of other capital surplus after the demand for the sale of shares less than one unit is the amount obtained by subtracting the amount set forth in item (iii) from the sum of the amounts set forth in item (i) and item (ii):

３第一項に規定する場合には、自己株式対価額は、単元未満株式売渡請求に係る代金の額とする。

(3)In the case prescribed in paragraph (1), the amount of consideration for treasury shares is the amount of charges concerning demand for the sale of shares less than one unit.

第二十条株式会社が当該株式会社の株式を取得したことにより生ずる法第四百六十二条第一項に規定する義務を履行する株主（株主と連帯して義務を負う者を含む。）に対して当該株主から取得した株式に相当する株式を交付すべき場合には、資本金等増加限度額は、零とする。

Article 20(1)If a stock company is to deliver shares corresponding to the shares acquired from a shareholder (including persons who bear the obligations jointly and severally with the shareholder) who performs the obligations as provided in Article 462, paragraph (1) of the Act that arise due to the fact that the shareholder acquired shares of the stock company, the maximum amount of increase in stated capital is zero.

２前項に規定する場合には、同項の行為後のその他資本剰余金の額は、第一号及び第二号に掲げる額の合計額から第三号に掲げる額を減じて得た額とする。

(2)In the cases prescribed in the preceding paragraph, the amount of other capital surplus after the act referred to in the same paragraph is the amount obtained by subtracting the amount set forth in item (iii) from the sum of the amounts set forth in item (i) and item (ii):

３第一項に規定する場合には、自己株式対価額は、同項の株主（株主と連帯して義務を負う者を含む。）が株式会社に対して支払った金銭の額とする。

(3)In the cases prescribed in paragraph (1), the amount of consideration for treasury shares is the amount of monies paid to a stock company by the shareholder (including persons who bear obligations jointly and severally with a shareholder) referred to in the same paragraph.

第二十一条次に掲げる義務が履行された場合には、株式会社のその他資本剰余金の額は、当該義務の履行により株式会社に対して支払われた金銭又は給付された金銭以外の財産の額が増加するものとする。

Article 21If the obligations set forth below have been performed, the amount of other capital surplus held by a stock company is to be increased by the amount of monies paid or any property other than monies delivered to the stock company through the performing of the obligations:

第二十二条株式会社が剰余金の配当をする場合には、剰余金の配当後の資本準備金の額は、当該剰余金の配当の直前の資本準備金の額に、次の各号に掲げる場合の区分に応じ、当該各号に定める額を加えて得た額とする。

Article 22(1)If a stock company distributes dividends from surplus, the amount of capital reserves after distribution of dividends from surplus is the amount obtained by adding to the amount of capital reserves immediately prior to the distribution of dividends from surplus the amount as provided in the following items in accordance with the categories of cases set forth therein:

２株式会社が剰余金の配当をする場合には、剰余金の配当後の利益準備金の額は、当該剰余金の配当の直前の利益準備金の額に、次の各号に掲げる場合の区分に応じ、当該各号に定める額を加えて得た額とする。

(2)If a stock company distributes dividends from surplus, the amount of retained earnings reserves after distribution of dividends from surplus is the amount obtained by adding to the amount of retained earnings reserves immediately prior to the distribution of dividends from surplus the amount as provided in the following items in accordance with the categories of cases set forth therein:

第二十三条株式会社が剰余金の配当をする場合には、剰余金の配当後の次の各号に掲げる額は、当該剰余金の配当の直前の当該額から、当該各号に定める額を減じて得た額とする。

Article 23If a stock company distributes dividends from surplus, the amounts set forth in the following items after distribution of dividends from surplus are the amounts obtained by subtracting the amounts as provided in those items from those amounts immediately prior to the distribution of dividends from surplus;

第二十四条株式会社が当該株式会社の株式を取得する場合には、その取得価額を、増加すべき自己株式の額とする。

Article 24(1)If a stock company acquires its own shares, the acquisition value is the amount of treasury shares that are to increase.

２株式会社が自己株式の処分又は消却をする場合には、その帳簿価額を、減少すべき自己株式の額とする。

(2)If a stock company disposes of or cancels treasury shares, the book value is the amount of treasury shares that are to be reduced.

３株式会社が自己株式の消却をする場合には、自己株式の消却後のその他資本剰余金の額は、当該自己株式の消却の直前の当該額から当該消却する自己株式の帳簿価額を減じて得た額とする。

(3)If a stock company cancels treasury shares, the amount of other capital surplus after the cancellation of treasury shares is the amount obtained by subtracting the book value of the cancelled treasury shares from the amount of the treasury shares immediately prior to cancellation.

第二十五条株式会社の資本金の額は、第一款及び第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が増加するものとする。

Article 25(1)Apart from what is specified in Subsection 1 and Section 4, the amount of stated capital of a stock company is to be increased by the amounts specified respectively in the following items only in the cases set forth in those items:

２株式会社の資本金の額は、法第四百四十七条の規定による場合に限り、同条第一項第一号の額に相当する額が減少するものとする。この場合において、次に掲げる場合には、資本金の額が減少するものと解してはならない。

(2)The amount of stated capital of a stock company is to be reduced by an amount corresponding to the amount under in Article 447, paragraph (1), item (i) of the Act, only in cases pursuant to the provisions of the same Article. In such cases, the amount of stated capital must not be interpreted as being reduced in the cases set forth below:

第二十六条株式会社の資本準備金の額は、第一款及び第二款並びに第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が増加するものとする。

Article 26(1)Beyond what is specified in Subsections 1 and 2, and Section 4, the amount of capital reserves of a stock company is to be increased by the amounts specified respectively in the following items only in the cases set forth in those items:

２株式会社の資本準備金の額は、法第四百四十八条の規定による場合に限り、同条第一項第一号の額（資本準備金に係る額に限る。）に相当する額が減少するものとする。この場合においては、前条第二項後段の規定を準用する。

(2)The amount of capital reserves of a stock company is to be reduced by an amount corresponding to the amount (limited to amounts concerning capital reserves) under in Article 448, paragraph (1), item (i) of the Act, only in cases pursuant to the provisions of the same Article. In such cases, the provisions of the second sentence of paragraph (2) of the preceding Article apply mutatis mutandis.

第二十七条株式会社のその他資本剰余金の額は、第一款及び第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が増加するものとする。

Article 27(1)Beyond what is specified in Subsection 1 and Section 4, the amount of other capital surplus of a stock company is to be increased by the amounts specified respectively in the following items only in the cases set forth in those items:

２株式会社のその他資本剰余金の額は、前三款及び第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が減少するものとする。

(2)Beyond what is specified in the preceding three Subsections and Section 4, the amount of other capital surplus of a stock company is to be reduced by the amounts specified respectively in the following items only in the cases set forth in those items:

３前項、前三款及び第四節の場合において、これらの規定により減少すべきその他資本剰余金の額の全部又は一部を減少させないこととすることが必要かつ適当であるときは、これらの規定にかかわらず、減少させないことが適当な額については、その他資本剰余金の額を減少させないことができる。

(3)In the cases referred to in the preceding paragraph, in the preceding three subsections and in Section 4, when it is necessary and appropriate that all or part of the amount of other capital surplus to be reduced pursuant to those provisions should not be reduced, then notwithstanding those provisions, with regard to amounts for which non-reduction is appropriate, the amount of other capital surplus may not be reduced.

第二十八条株式会社の利益準備金の額は、第二款及び第四節に定めるところのほか、法第四百五十一条の規定により剰余金の額を減少する場合に限り、同条第一項第一号の額（その他利益剰余金に係る額に限る。）に相当する額が増加するものとする。

Article 28(1)Beyond what is specified in Subsection 2 and Section 4, the amount of retained earnings reserves of a stock company is to be increased by an amount corresponding to the amount set forth in Article 451, paragraph (1), item (i) of the Act (limited to amounts concerning other retained earnings), only if the amount of surplus is reduced pursuant to the provisions of the same Article.

２株式会社の利益準備金の額は、法第四百四十八条の規定による場合に限り、同条第一項第一号の額（利益準備金に係る額に限る。）に相当する額が減少するものとする。

(2)The amount of retained earnings reserves of a stock company is to be reduced by an amount corresponding to the amount under Article 448, paragraph (1), item (i) of the Act (limited to amounts concerning retained earnings reserves), only in the cases prescribed in the same Article.

第二十九条株式会社のその他利益剰余金の額は、第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が増加するものとする。

Article 29(1)Beyond what is specified in Section 4, the amount of other retained earnings of a stock company is to be increased by the amounts set forth respectively in the following items only in the cases set forth in those items:

２株式会社のその他利益剰余金の額は、次項、前三款及び第四節に定めるところのほか、次の各号に掲げる場合に限り、当該各号に定める額が減少するものとする。

(2)Beyond what is specified in the following paragraph, the amount of other retained earnings of a stock company is to be reduced by the amounts set forth respectively in the following items only in the cases set forth in those items:

３第二十七条第三項の規定により減少すべきその他資本剰余金の額を減少させない額がある場合には、当該減少させない額に対応する額をその他利益剰余金から減少させるものとする。

(3)If there is an amount of other capital surplus to be reduced which may not be reduced pursuant to the provisions of Article 27, paragraph (3), an amount equal to the amount that may not be reduced is to be subtracted from that other retained earnings amount.

第三十五条吸収型再編対価の全部又は一部が吸収合併存続会社の株式又は持分である場合には、吸収合併存続会社において変動する株主資本等の総額（次項において「株主資本等変動額」という。）は、次の各号に掲げる場合の区分に応じ、当該各号に定める方法に従い定まる額とする。

Article 35(1)If all or part of the consideration in an absorption-type restructuring is shares or equity interests of the company surviving the absorption-type merger, the total amount of changes in shareholders' equity, etc. in the company surviving absorption-type merger (referred to as the "amount of changes in shareholders' equity, etc." in the following paragraph) is determined according to the methods as provided in the following items in accordance with the categories of cases set forth therein:

２前項の場合には、吸収合併存続会社の資本金及び資本剰余金の増加額は、株主資本等変動額の範囲内で、吸収合併存続会社が吸収合併契約の定めに従いそれぞれ定めた額とし、利益剰余金の額は変動しないものとする。ただし、株主資本等変動額が零未満の場合には、当該株主資本等変動額のうち、対価自己株式の処分により生ずる差損の額をその他資本剰余金（当該吸収合併存続会社が持分会社の場合にあっては、資本剰余金。次条において同じ。）の減少額とし、その余の額をその他利益剰余金（当該吸収合併存続会社が持分会社の場合にあっては、利益剰余金。次条において同じ。）の減少額とし、資本金、資本準備金及び利益準備金の額は変動しないものとする。

(2)In the cases referred to in the preceding paragraph, the amount of increase in the stated capital and the capital surplus of a company surviving an absorption-type merger are each to be determined by the company surviving an absorption-type merger in accordance with the provisions of the absorption-type merger agreement, within the scope of the amount of changes in shareholders' equity, etc., and the amount of retained earnings is not to change; provided, however, that if the amount of changes in shareholders' equity, etc. is less than zero, within the amount of changes in shareholders' equity, etc., the amount of loss arising from the disposition of treasury shares used as consideration is to be the amount of decrease in other capital surplus (if the company surviving absorption-type merger is a membership company, the capital surplus; the same applies in the following Article); any remaining amount is to be from the amount of decrease in other retained earnings (if the company surviving absorption-type merger is a membership company, the retained earnings; the same applies in the following Article); and the amounts of the stated capital, the capital reserves, and the retained earnings reserve are not to change.

第三十六条前条の規定にかかわらず、吸収型再編対価の全部が吸収合併存続会社の株式又は持分である場合であって、吸収合併消滅会社における吸収合併の直前の株主資本等を引き継ぐものとして計算することが適切であるときには、吸収合併の直前の吸収合併消滅会社の資本金、資本剰余金及び利益剰余金の額をそれぞれ当該吸収合併存続会社の資本金、資本剰余金及び利益剰余金の変動額とすることができる。ただし、対価自己株式又は先行取得分株式等がある場合にあっては、当該対価自己株式又は当該先行取得分株式等の帳簿価額を吸収合併の直前の吸収合併消滅会社のその他資本剰余金の額から減じて得た額を吸収合併存続会社のその他資本剰余金の変動額とする。

Article 36(1)Notwithstanding the provisions of the preceding Article, if all of the consideration in an absorption-type restructuring is shares or equity interests of the company surviving the absorption-type merger, when it is appropriate to calculate the shareholders' equity, etc. of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger as being carried over, the amounts of stated capital, capital surplus and retained earnings of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger may each be taken as amounts of changes in stated capital, capital surplus and retained earnings of the company surviving absorption-type merger; provided, however, that if there are treasury shares used as consideration or previously acquired shares, etc., the amount obtained by subtracting the book value of the treasury shares used as consideration or the previously acquired shares, etc. from the amount of other capital surplus of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger is the amount of changes in other capital surplus of the company surviving the absorption-type merger.

２吸収型再編対価が存しない場合であって、吸収合併消滅会社における吸収合併の直前の株主資本等を引き継ぐものとして計算することが適切であるときには、吸収合併の直前の吸収合併消滅会社の資本金及び資本剰余金の合計額を当該吸収合併存続会社のその他資本剰余金の変動額とし、吸収合併の直前の利益剰余金の額を当該吸収合併存続会社のその他利益剰余金の変動額とすることができる。ただし、先行取得分株式等がある場合にあっては、当該先行取得分株式等の帳簿価額を吸収合併の直前の吸収合併消滅会社の資本金及び資本剰余金の合計額から減じて得た額を吸収合併存続会社のその他資本剰余金の変動額とする。

(2)If there is no consideration in an absorption-type restructuring, when it is appropriate to calculate the shareholders' equity, etc. of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger as being carried over, the sum of the amounts of stated capital and capital surplus of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger may be taken as the amount of changes in other capital surplus of the company surviving absorption-type merger, and the amount of retained earnings immediately prior to the absorption-type merger may be taken as the amount of changes in other retained earnings of the company surviving absorption-type merger; provided, however, that if there are previously acquired shares, etc., the amount obtained by subtracting the book value of the previously acquired shares, etc. from the sum of stated capital and capital surplus of the company disappearing in the absorption-type merger immediately prior to the absorption-type merger is the amount of changes in other capital surplus of the company surviving the absorption-type merger.

第三十七条吸収型再編対価の全部又は一部が吸収分割承継会社の株式又は持分である場合には、吸収分割承継会社において変動する株主資本等の総額（次項において「株主資本等変動額」という。）は、次の各号に掲げる場合の区分に応じ、当該各号に定める方法に従い定まる額とする。

Article 37(1)If all or part of the consideration in an absorption-type restructuring is shares or equity interests of a company succeeding in an absorption-type split, the total amount of changes in shareholders' equity, etc. in the company succeeding in the absorption-type split (referred to as "amount of changes in shareholders' equity, etc." in the following paragraph) is determined according to the methods as provided in the following items in accordance with the categories of cases set forth therein:

２前項の場合には、吸収分割承継会社の資本金及び資本剰余金の増加額は、株主資本等変動額の範囲内で、吸収分割承継会社が吸収分割契約の定めに従いそれぞれ定めた額とし、利益剰余金の額は変動しないものとする。ただし、株主資本等変動額が零未満の場合には、当該株主資本等変動額のうち、対価自己株式の処分により生ずる差損の額をその他資本剰余金（当該吸収分割承継会社が持分会社の場合にあっては、資本剰余金。次条において同じ。）の減少額とし、その余の額をその他利益剰余金（当該吸収分割承継会社が持分会社の場合にあっては、利益剰余金。次条において同じ。）の減少額とし、資本金、資本準備金及び利益準備金の額は変動しないものとする。

(2)In cases referred to in the preceding paragraph, the amount of increase of the stated capital and the capital surplus of a company succeeding in an absorption-type split are each to be determined by the company succeeding in an absorption-type split in accordance with the provisions of the absorption-type split agreement, within the scope of the amount of changes in shareholders' equity, etc., and the amount of retained earnings is not to change; provided, however, that if the amount of changes in shareholders' equity, etc. is less than zero, within the amount of changes in shareholders' equity, etc., the amount of loss arising from the disposition of treasury shares used as consideration is to be deducted from other capital surplus (if the company succeeding in the absorption-type split is a membership company, the capital surplus; the same applies in the following Article); any remaining amount is to be deducted from other retained earnings (if the company succeeding in the absorption-type split is a membership company, the retained earnings; the same applies in the following Article); and the amounts of the stated capital, the capital reserves, and the retained earnings reserves are not to change.

第三十八条前条の規定にかかわらず、分割型吸収分割における吸収型再編対価の全部が吸収分割承継会社の株式又は持分である場合であって、吸収分割会社における吸収分割の直前の株主資本等の全部又は一部を引き継ぐものとして計算することが適切であるときには、分割型吸収分割により変動する吸収分割会社の資本金、資本剰余金及び利益剰余金の額をそれぞれ当該吸収分割承継会社の資本金、資本剰余金及び利益剰余金の変動額とすることができる。ただし、対価自己株式がある場合にあっては、当該対価自己株式の帳簿価額を吸収分割により変動する吸収分割会社のその他資本剰余金の額から減じて得た額を吸収分割承継会社のその他資本剰余金の変動額とする。

Article 38(1)Notwithstanding the provisions of the preceding Article, if all of the consideration in an absorption-type restructuring in a company split by absorption-type split-off is shares or equity interests of the company succeeding in an absorption-type split, when it is appropriate to calculate all or part of the shareholders' equity, etc. of the company splitting in the absorption-type split immediately prior to the absorption-type company split as being carried over, the amounts of stated capital, capital surplus and retained earnings of the company splitting in the absorption-type split that change due to the company split by absorption-type split-off may each be taken as amounts of changes in stated capital, capital surplus and retained earnings of the company succeeding in the absorption-type split; provided, however, that if there are treasury shares used as consideration, the amount obtained by subtracting the book value of the treasury shares used as consideration from the amount of other capital surplus of the company splitting in the absorption-type split that change due to the absorption-type company split is the amount of changes in other capital surplus of the company succeeding in the absorption-type split.

２吸収型再編対価が存しない場合であって、吸収分割会社における吸収分割の直前の株主資本等の全部又は一部を引き継ぐものとして計算することが適切であるときには、吸収分割により変動する吸収分割会社の資本金及び資本剰余金の合計額を当該吸収分割承継会社のその他資本剰余金の変動額とし、吸収分割により変動する吸収分割会社の利益剰余金の額を当該吸収分割承継会社のその他利益剰余金の変動額とすることができる。

(2)If consideration in an absorption-type restructuring does not exist, when it is appropriate to calculate all or part of the shareholders' equity, etc. of the company splitting in the absorption-type split immediately prior to an absorption-type company split as being carried over, the sum of the amounts of stated capital and capital surplus of the company splitting in the absorption-type split that change due to the absorption-type company split may be taken as the amount of changes in other capital surplus of the company succeeding in the absorption-type split, and the amount of retained earnings of the company splitting in the absorption-type split that change due to the absorption-type company split may be taken as the amount of changes in other retained earnings of the company succeeding in the absorption-type split.

３前二項の場合の吸収分割会社における吸収分割に際しての資本金、資本剰余金又は利益剰余金の額の変更に関しては、法第二編第五章第三節第二款の規定その他の法の規定に従うものとする。

(3)Regarding changes to the amounts of stated capital, capital surplus or retained earnings of the company splitting in the absorption-type split upon the absorption-type company split in the cases referred to in the preceding two paragraphs, these are to be governed by the provisions of Part II, Chapter V, Section 3, Subsection 2 of the Act and any other provisions of the Act.

第三十九条吸収型再編対価の全部又は一部が株式交換完全親会社の株式又は持分である場合には、株式交換完全親会社において変動する株主資本等の総額（以下この条において「株主資本等変動額」という。）は、次の各号に掲げる場合の区分に応じ、当該各号に定める方法に従い定まる額とする。

Article 39(1)If all or part of the consideration in an absorption-type restructuring is shares or equity interests of a wholly owning parent company resulting from a share exchange, the total amount of changes in shareholders' equity, etc. in the wholly owning parent company resulting from a share exchange (hereinafter referred to as "amount of changes in shareholders' equity, etc." in this Article) is determined according to the methods as provided in the following items in accordance with the categories of cases set forth therein:

２前項の場合には、株式交換完全親会社の資本金及び資本剰余金の増加額は、株主資本等変動額の範囲内で、株式交換完全親会社が株式交換契約の定めに従い定めた額とし、利益剰余金の額は変動しないものとする。ただし、法第七百九十九条（法第八百二条第二項において読み替えて準用する場合を含む。）の規定による手続をとっている場合以外の場合にあっては、株式交換完全親会社の資本金及び資本準備金の増加額は、株主資本等変動額に対価自己株式の帳簿価額を加えて得た額に株式発行割合（当該株式交換に際して発行する株式の数を当該株式の数及び対価自己株式の数の合計数で除して得た割合をいう。）を乗じて得た額から株主資本等変動額まで（株主資本等変動額に対価自己株式の帳簿価額を加えて得た額に株式発行割合を乗じて得た額が株主資本等変動額を上回る場合にあっては、株主資本等変動額）の範囲内で、株式交換完全親会社が株式交換契約の定めに従いそれぞれ定めた額（株式交換完全親会社が持分会社である場合にあっては、株主資本等変動額）とし、当該額の合計額を株主資本等変動額から減じて得た額をその他資本剰余金の変動額とする。

(2)In the cases referred to in the preceding paragraph, the amounts of increase of the stated capital and capital surplus of a wholly owning parent company resulting from a share exchange are to be determined by the wholly owning parent company resulting from the share exchange in accordance with the provisions of the share exchange agreement, within the scope of the amount of changes in shareholders' equity, etc., and the amount of retained earnings are not to change; provided, however, that in cases other than those where procedures under the provisions of Article 799 of the Act (including cases where it is applied mutatis mutandis pursuant to Article 802, paragraph (2) of the Act following the deemed replacement of terms) are undertaken, the amounts of increase of the stated capital and capital reserves of a wholly owning parent company resulting from a share exchange are each to be amounts that are determined by the wholly owning parent company resulting from a share exchange (if the wholly owning parent company resulting from a share exchange is a membership company, the amount of changes in shareholders' equity, etc.) in accordance with the provisions of the share exchange agreement, within a scope ranging from the amount obtained by multiplying by the share issue rate (meaning the rate obtained by dividing the number of shares issued at the share exchange by the sum of the number of those shares and the number of treasury shares used as consideration) the amount obtained by adding the book value of treasury shares used as consideration to the amount of changes in shareholders' equity, etc. to the amount of changes in shareholders' equity, etc. (if the amount obtained by multiplying by the share issue rate the amount obtained by adding the book value of treasury shares used as consideration to the amount of changes in shareholders' equity, etc. exceeds the amount of changes in shareholders' equity, etc., the amount of changes in shareholders' equity, etc.), and the amounts obtained by subtracting the sum of the increased amounts from the amount of changes in shareholders' equity, etc. are the amount of changes in other capital surplus.

３前項の規定にかかわらず、株主資本等変動額が零未満の場合には、当該株主資本等変動額のうち、対価自己株式の処分により生ずる差損の額をその他資本剰余金（当該株式交換完全親会社が持分会社の場合にあっては、資本剰余金）の減少額とし、その余の額をその他利益剰余金（当該株式交換完全親会社が持分会社の場合にあっては、利益剰余金）の減少額とし、資本金、資本準備金及び利益準備金の額は変動しないものとする。

(3)Notwithstanding the provisions of the preceding paragraph, if the amount of changes in shareholders' equity, etc. is less than zero, within the amount of changes in shareholders' equity, etc., the amount of losses arising from the disposition of treasury shares used as consideration is to be deducted from other capital surplus (if the wholly owning parent company resulting from a share exchange is a membership company, the capital surplus); any remaining amount is to be deducted from other retained earnings (if the wholly owning parent company resulting from a share exchange is a membership company, the retained earnings); and the amounts of the stated capital, the capital reserves, and the retained earnings reserves are not to change.

第四十三条法第二十五条第一項各号に掲げる方法により株式会社を設立する場合における株式会社の設立時に行う株式の発行に係る法第四百四十五条第一項に規定する株主となる者が当該株式会社に対して払込み又は給付をした財産の額とは、第一号及び第二号に掲げる額の合計額から第三号に掲げる額を減じて得た額（零未満である場合にあっては、零）とする。

Article 43(1)The amount of property paid or delivered to the relevant stock company by a person who is the shareholder prescribed by Article 445, paragraph (1) of the Act concerning the issuance of shares taking place at the time of incorporation of a stock company if a stock company is incorporated through the methods set forth in the items of Article 25, paragraph (1) of the Act is the amount obtained by subtracting the amount set forth in item (iii) from the sum of the amounts set forth in item (i) and item (ii) (if this is less than zero; zero):

２設立（法第二十五条第一項各号に掲げる方法によるものに限る。以下この条において同じ。）時の株式会社のその他資本剰余金の額は、零とする。

(2)The amount of other capital surplus of a stock company at the time of incorporation (limited to the methods set forth in the items of Article 25, paragraph (1) of the Act; the same applies hereinafter in this Article) is zero.

３設立時の株式会社の利益準備金の額は、零とする。

(3)The amount of retained earnings reserves of a stock company at the time of incorporation is zero.

４設立時の株式会社のその他利益剰余金の額は、零（第一項第一号及び第二号に掲げる額の合計額から同項第三号に掲げる額を減じて得た額が零未満である場合にあっては、当該額）とする。

(4)The amount of other retained earnings of a stock company at the time of incorporation is zero (if the amount obtained by subtracting the amount set forth in item (iii) of paragraph (1) from the sum of the amounts set forth in item (i) and item (ii) of the same paragraph is less than zero, that amount).

５第一項第二号の規定の適用については、現物出資財産について定款に定めた額と、当該現物出資財産の帳簿価額（当該出資に係る資本金及び資本準備金の額を含む。）とが同一の額でなければならないと解してはならない。

(5)With respect to the application of the provisions of paragraph (1), item (ii), the amount determined in the articles of incorporation regarding properties contributed in kind, and the book value of the properties contributed in kind (including the amounts of stated capital and capital reserves concerning the contributions) must not be interpreted as being required to be the same amount.

第四十四条持分会社の設立（新設合併及び新設分割による設立を除く。以下この条において同じ。）時の資本金の額は、第一号に掲げる額から第二号に掲げる額を減じて得た額（零未満である場合にあっては、零）の範囲内で、社員になろうとする者が定めた額（零以上の額に限る。）とする。

Article 44(1)The amount of stated capital of a membership company at the time of incorporation (excluding incorporation through consolidation-type mergers or incorporation-type company splits; the same applies hereinafter in this Article) is: within the scope of the amounts obtained by subtracting the amounts set forth in (ii) from the amounts set forth in (i) (if this is less than zero; zero), the amount determined by persons desiring to become members (limited to amounts equal to or greater than zero):

２持分会社の設立時の資本剰余金の額は、第一号に掲げる額から第二号に掲げる額を減じて得た額とする。

(2)The amount of capital surplus at the time of incorporation of a membership company is the amount obtained by subtracting the amount set forth in item (ii) from the amount set forth in item (i):

３持分会社の設立時の利益剰余金の額は、零（第一項第一号に掲げる額から同項第二号に掲げる額を減じて得た額が零未満である場合にあっては、当該額）とする。

(3)The amount of retained earnings at the time of incorporation of a membership company is zero (if the amount obtained by subtracting the amount set forth in item (ii) of paragraph (1) from the amount set forth in item (i) of the same paragraph is less than zero, that amount).

第四十五条新設合併が支配取得に該当する場合には、新設合併設立会社の設立時の株主資本等の総額は、次の各号に掲げる部分の区分に応じ、当該各号に定める額の合計額（次項において「株主資本等変動額」という。）とする。

Article 45(1)If a consolidation-type merger is an acquisition of control, the total amount of shareholders' equity, etc. at the time of incorporation of the company incorporated in the consolidation-type merger is the sum of the amounts as provided in the following items (referred to as "amount of changes in shareholders' equity, etc." in the following paragraph) in accordance with the categories of the portions set forth therein:

２前項の場合には、当該新設合併設立会社の設立時の資本金及び資本剰余金の額は、株主資本等変動額の範囲内で、新設合併消滅会社が新設合併契約の定めに従いそれぞれ定めた額とし、利益剰余金の額は零とする。ただし、株主資本等変動額が零未満の場合には、当該額を設立時のその他利益剰余金（当該新設合併設立会社が持分会社の場合にあっては、利益剰余金。第四十七条第二項において同じ。）の額とし、資本金、資本剰余金及び利益準備金の額は零とする。

(2)In the cases referred to in the preceding paragraph, the amount of stated capital and capital surplus at the time of incorporation of the company incorporated in the consolidation-type merger is determined by the company disappearing in the consolidation-type merger in accordance with the provisions of the consolidation-type merger agreement, within the scope of the amount of changes in shareholders' equity, etc., and the amount of retained earnings is zero; provided, however, that if the amount of changes in shareholders' equity, etc. is less than zero, that amount is the amount of other retained earnings at the time of incorporation (if the company incorporated in the consolidation-type merger is a membership company, the retained earnings; the same applies in Article 47, paragraph (2)), and the amounts of stated capital, capital surplus and retained earning reserves are zero.

３前二項の規定にかかわらず、第一項の場合であって、新設合併取得会社の株主等に交付する新設型再編対価の全部が新設合併設立会社の株式又は持分であるときは、新設合併設立会社の設立時の資本金、資本剰余金及び利益剰余金の額は、次の各号に掲げる部分の区分に応じ、当該各号に定める規定を準用してそれぞれ算定される額の合計額とすることができる。

(3)Notwithstanding the provisions of the preceding two paragraphs, in the cases set forth in paragraph (1), when all of the consideration in a consolidation-type restructuring delivered to shareholders, etc. of the acquiring company in consolidation-type merger is shares or equity interests of the company incorporated in the consolidation-type merger, the amounts of stated capital, capital surplus and retained earnings at the time of incorporation of the company incorporated in the consolidation-type merger may be taken as the sum of the amounts calculated through mutatis mutandis application of the provisions of the following items in accordance with the categories of the portions set forth therein:

第四十六条新設合併消滅会社の全部が共通支配下関係にある場合には、新設合併設立会社の設立時の株主資本等の総額は、新設型再編対象財産の新設合併の直前の帳簿価額を基礎として算定する方法（前条第一項第二号に規定する方法によるべき部分にあっては、当該方法）に従い定まる額とする。

Article 46(1)If all of the companies disappearing in a consolidation-type merger are under common control, the total amount of shareholders' equity, etc. at the time of incorporation of the company incorporated in the consolidation-type merger is the amount determined in accordance with a method of calculation (for portions that rely on the method prescribed in paragraph (1), item (ii) of the preceding Article, that method) taking as its base the book value of assets subject to consolidation-type restructuring immediately prior to the consolidation-type merger.

２前項の場合には、新設合併設立会社の設立時の資本金、資本剰余金及び利益剰余金の額は、次の各号に掲げる部分の区分に応じ、当該各号に定める規定を準用してそれぞれ算定される額の合計額とする。

(2)In the cases referred to in the preceding paragraph, the amounts of stated capital, capital surplus and retained earnings at the time of incorporation of the company incorporated in the consolidation-type merger are the sum of the amounts calculated through mutatis mutandis application of the provisions of the following items in accordance with the categories of the portions set forth therein:

第四十七条前条第一項の場合であって、新設型再編対価の全部が新設合併設立会社の株式又は持分であり、かつ、新設合併消滅会社における新設合併の直前の株主資本等を引き継ぐものとして計算することが適切であるときには、新設合併の直前の各新設合併消滅会社の資本金、資本剰余金及び利益剰余金の額の各合計額をそれぞれ当該新設合併設立会社の設立時の資本金、資本剰余金及び利益剰余金の額とすることができる。ただし、先行取得分株式等がある場合にあっては、当該先行取得分株式等の帳簿価額を新設合併の直前の各新設合併消滅会社のその他資本剰余金（当該新設合併設立会社が持分会社の場合にあっては、資本剰余金。以下この条において同じ。）の合計額から減じて得た額を新設合併設立会社の設立時のその他資本剰余金の額とする。

Article 47(1)In the cases referred to in paragraph (1) of the preceding Article, when all of the consideration in a consolidation-type restructuring is shares or equity interests of the company incorporated in a consolidation-type merger, and, when it is appropriate to calculate the shareholders' equity, etc. of the companies disappearing in the consolidation-type merger immediately prior to the consolidation-type merger as being carried over, the sum of each of the amounts of stated capital, capital surplus and retained earnings of each of the companies disappearing in the consolidation-type merger immediately prior to the consolidation-type merger may each be taken as the amounts of stated capital, capital surplus and retained earnings at the time of incorporation of the company incorporated in a consolidation-type merger; provided, however, that if there are previously acquired shares, etc., the amount obtained by subtracting the book value of the previously acquired shares, etc. from the sum of other capital surplus (if the company incorporated in the consolidation-type merger is a membership company, the capital surplus; hereinafter the same applies in this Article) of each of the companies disappearing in the consolidation-type merger immediately prior to the consolidation-type merger is the amount of other capital surplus at the time of incorporation of the company incorporated in a consolidation-type merger.

２前項の規定にかかわらず、同項の場合であって、非対価交付消滅会社があるときには、当該非対価交付消滅会社の資本金及び資本剰余金の合計額を当該非対価交付消滅会社のその他資本剰余金の額とみなし、当該非対価交付消滅会社の利益剰余金の額を当該非対価交付消滅会社のその他利益剰余金の額とみなして、同項の規定を適用する。

(2)Notwithstanding the provisions of the preceding paragraph, in the cases referred to in the same paragraph, when there is a company consolidated without delivering consideration, the sum of the stated capital and capital surplus of the company consolidated without delivering consideration is deemed to be the amount of other capital surplus of the company consolidated without delivering consideration, the amount of retained earnings of the company consolidated without delivering consideration is deemed to be the amount of other retained earnings of the company consolidated without delivering consideration, and the provisions referred to in the same paragraph apply.

第四十八条第四十五条第一項及び第四十六条第一項に規定する場合以外の場合には、新設合併設立会社の設立時の資本金、資本剰余金及び利益剰余金の額は、同条及び前条の定めるところにより計算する。

Article 48In cases other than the cases prescribed in Article 45, paragraph (1) and Article 46, paragraph (1), the amounts of stated capital, capital surplus and retained earnings at the time of incorporation of a company incorporated in a consolidation-type merger are calculated pursuant to the provisions of the same Articles and the preceding Article.

第四十九条新設分割設立会社（二以上の会社が新設分割する場合における新設分割設立会社を除く。以下この条及び次条において同じ。）の設立時における株主資本等の総額は、新設型再編対象財産の新設分割会社における新設分割の直前の帳簿価額を基礎として算定する方法（当該新設型再編対象財産に時価を付すべき場合にあっては、新設型再編対価時価又は新設型再編対象財産の時価を基礎として算定する方法）に従い定まる額（次項において「株主資本等変動額」という。）とする。

Article 49(1)The total amount of shareholders' equity, etc. at the time of incorporation of a company incorporated in an incorporation-type split (except for a company incorporated in an incorporation-type split in the case that two or more companies effect an incorporation-type company split; the same applies hereinafter in this Article and the following Article) is the amount (referred to as the "amount of changes in shareholders' equity, etc." in the following paragraph) determined in accordance with a method of calculation taking as its base the book value of assets subject to consolidation-type restructuring immediately prior to the incorporation-type company split according to the company splitting in an incorporation-type split (if the market value is to be entered for the assets subject to consolidation-type restructuring, a method of calculation taking as its basis the market value of consideration in a consolidation-type restructuring or the market value of the assets subject to consolidation-type restructuring).

２前項の場合には、新設分割設立会社の資本金及び資本剰余金の額は、株主資本等変動額の範囲内で、新設分割会社が新設分割計画の定めに従いそれぞれ定めた額とし、利益剰余金の額は零とする。ただし、株主資本等変動額が零未満の場合には、当該株主資本等変動額をその他利益剰余金（新設分割設立会社が持分会社である場合にあっては、利益剰余金）の額とし、資本金、資本剰余金及び利益準備金の額は零とする。

(2)In the cases referred to in the preceding paragraph, the amount of stated capital and capital surplus of a company incorporated in an incorporation-type split is determined by the company splitting in an incorporation-type split in accordance with the provisions of the plan for the incorporation-type company split, within the scope of the amount of changes in shareholders' equity, etc.; the amount of retained earnings is zero; provided, however, that if the amount of changes in shareholders' equity, etc. is less than zero, the amount of changes in shareholders' equity, etc. is the amount of other retained earnings (if the company incorporated in an incorporation-type split is a membership company, the retained earnings); the amounts of stated capital, capital surplus and retained earning reserves are zero.

第五十条前条の規定にかかわらず、分割型新設分割の新設型再編対価の全部が新設分割設立会社の株式又は持分である場合であって、新設分割会社における新設分割の直前の株主資本等の全部又は一部を引き継ぐものとして計算することが適切であるときには、分割型新設分割により変動する新設分割会社の資本金、資本剰余金及び利益剰余金の額をそれぞれ新設分割設立会社の設立時の資本金、資本剰余金及び利益剰余金の額とすることができる。

Article 50(1)Notwithstanding the provisions of the preceding Article, if all of the consideration in a consolidation-type restructuring of an incorporation-type company split-off is shares or equity interests of the company incorporated in an incorporation-type split, when it is appropriate to calculate all or part of the shareholders' equity, etc. of the company splitting in an incorporation-type split immediately prior to the incorporation-type company split as being carried over, the amounts of stated capital, capital surplus and retained earnings of the company splitting in an incorporation-type split that change due to the incorporation-type company split may each be taken as the amounts of stated capital, capital surplus and retained earnings at the time of incorporation of the company incorporated in an incorporation-type split.

２前項の場合の新設分割会社における新設分割に際しての資本金、資本剰余金又は利益剰余金の額の変更に関しては、法第二編第五章第三節第二款の規定その他の法の規定に従うものとする。

(2)Regarding changes to the amounts of stated capital, capital surplus or retained earnings upon an incorporation-type company split in the company splitting in an incorporation-type split in cases referred to in the preceding paragraph, the governing provisions are Part II, Chapter V, Section 3, Subsection 2 of the Act and any other provisions of the Act.

第五十一条二以上の会社が新設分割をする場合には、次に掲げるところに従い、新設分割設立会社の株主資本又は社員資本を計算するものとする。

Article 51If two or more companies effect an incorporation-type company split, the shareholders' equity or members' equity of the companies incorporated in an incorporation-type split is to be calculated in accordance with what is set forth in the following items:

第五十二条株式移転設立完全親会社の設立時における株主資本の総額は、次の各号に掲げる部分の区分に応じ、当該各号に定める額の合計額（次項において「株主資本変動額」という。）とする。

Article 52(1)The total amount of shareholders' equity at the time of incorporation of a wholly owning parent company incorporated in a share transfer is the sum of the amounts set forth in the items below (referred to as "amount of changes in shareholders' equity" in the following paragraph) in accordance with the categories of the portions set forth therein:

２前項の場合には、当該株式移転設立完全親会社の設立時の資本金及び資本剰余金の額は、株主資本変動額の範囲内で、株式移転完全子会社が株式移転計画の定めに従い定めた額とし、利益剰余金の額は零とする。ただし、株主資本変動額が零未満の場合にあっては、当該額を設立時のその他利益剰余金の額とし、資本金、資本剰余金及び利益準備金の額は零とする。

(2)In the cases referred to in the preceding paragraph, the amount of stated capital and capital surplus at the time of incorporation of the wholly owning parent company incorporated in the share transfer are each to be determined by the wholly owned subsidiary company resulting from the share transfer in accordance with the provisions of the share transfer plan, within the scope of the amount of changes in shareholders' equity, and the amount of retained earnings is zero; provided, however, that if the amount of changes in shareholders' equity is less than zero, that amount is the amount of other capital surplus at the time of incorporation, and the amounts of stated capital, capital surplus, and retained earnings reserves are zero.