Supplementary Provisions, Article 4Transitional Measures Concerning the Valuation of Current Assets and Fixed Assets
第四条（流動資産及び固定資産の評価に関する経過措置）
In applying the provisions of Article 34, items (i) and (ii) of the Commercial Code as amended, assets that a person who is a merchant other than a stock company at the time this Act comes into effect acquired or produced on or before the fixed time in Article 33 of the Commercial Code as amended that first arrives after this Act comes into effect are deemed to have been acquired or produced on the day following that fixed time, at the maximum price that may be assigned at that fixed time (or, if there is a value separately assigned within the range of that amount, that value).
改正後の商法第三十四条第一号及び第二号の規定の適用については、この法律の施行の際現に株式会社以外の商人である者がこの法律の施行後最初に到来する改正後の商法第三十三条の一定の時期以前に取得し、又は製作した資産は、当該一定の時期において附することができる最高価額（その額の範囲内で別に附した価額があるときは、その価額）をもつて、当該一定の時期の翌日に取得し、又は製作したものとみなす。
merchant
「商人」
A person who, in their own name, carries on commercial transactions (商行為) as a business.
Defined inArticle 4, paragraph (1)· applies throughout the law
fixed timemachine translation
「一定の時期」
The fixed time referred to in Article 33 of the Commercial Code as amended by Act No. 21 of 1974 — for a company, its account closing day (決算期) — up to the first of which after that Act came into effect a merchant's commercial books (商業帳簿) and accounts stay under the former rules.
Defined inSupplementary Provisions, Article 3, paragraph (1)· applies only in this article and in Supplementary Provisions, Article 4