①In the case where a company that issues several classes of shares determines the number of shares constituting one unit by March 31, 2002, the number of shares constituting one unit determined for each class of shares must be the same number.

②A stock company that, at the time of enforcement of this Act, has as the number of shares constituting one lot the number obtained by dividing 50,000 yen by the amount per par value share pursuant to Article 16, paragraph (1) of the Supplementary Provisions of the Act Partially Amending the Commercial Code, etc. as it was before the amendment by this Act (hereinafter referred to as the "Former Commercial Code, etc. Amendment Act"), or that has determined the number of shares constituting one lot in its articles of incorporation, is deemed to have made, on the date of enforcement of this Act, a resolution for an amendment to the articles of incorporation to the effect that the number of shares constituting that lot is determined, for each class of shares, as the number of shares constituting one unit under Article 221, paragraph (1) of the Amended Commercial Code. In this case, in applying the proviso to that paragraph to a stock company that, at the time of enforcement of this Act, has a number exceeding 1,000 as the number of shares constituting one lot, the term "1,000" in the proviso to that paragraph is deemed to be replaced with "the number deemed to have been determined pursuant to the first sentence of Article 9, paragraph (2) of the Supplementary Provisions of the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001)".

③Where, prior to the enforcement of this Act, a resolution has been made for an amendment to the articles of incorporation to determine or change the number of shares constituting one lot under Article 16, paragraph (1) of the Supplementary Provisions of the Former Commercial Code, etc. Amendment Act, and the day on which that amendment would have taken effect had it not been for the amendment under this Act is a day after the date of enforcement of this Act, an amendment to the articles of incorporation is deemed to have been made, on the day on which it would have taken effect, to determine the number of shares constituting one lot under that resolution as the number of shares constituting one unit for each class of shares; provided, however, that this does not apply if the number of shares constituting one lot under that resolution exceeds 1,000 or the number equivalent to one two-hundredth of the total number of issued shares.

④A stock company referred to in paragraph (2) is deemed to have made, on the date of enforcement of this Act, a resolution for an amendment to the articles of incorporation to the effect that share certificates are not to be issued for shares constituting less than one unit, pursuant to the main clause of Article 221, paragraph (5) of the Amended Commercial Code.

⑤Where a stock company that exists at the time of enforcement of this Act (excluding a stock company referred to in paragraph (2), and including one that received certification of the articles of incorporation prior to the enforcement of this Act and is established after the enforcement of this Act) and that has never determined the number of shares constituting one unit has made a resolution for an amendment to the articles of incorporation to determine the number of shares constituting one unit under Article 188, paragraph (1) of the Companies Act, whose taking effect is conditional upon a share split being carried out, and carries out the share split in order to satisfy that condition, that stock company may provide, in the resolution under Article 183, paragraph (2) of that Act, that the share certificates currently issued are required to be submitted.

⑥With regard to a request for purchase of shares less than one lot made pursuant to Article 19, paragraph (1) of the Supplementary Provisions of the Former Commercial Code, etc. Amendment Act prior to the enforcement of this Act, the provisions then in force continue to govern.

⑦A stock company (excluding a stock company referred to in paragraph (2)) to which, at the time of enforcement of this Act, the provisions of Article 230-2, paragraph (1) of the Former Commercial Code are not to be applied pursuant to Article 6, paragraph (1) of the Supplementary Provisions of the Former Commercial Code, etc. Amendment Act is deemed to have made, on the date of enforcement of this Act, a resolution for an amendment to the articles of incorporation to the effect that fractions of less than one share are not entered in the fractional share register as fractional shares, pursuant to Article 220-2, paragraph (2) of the Amended Commercial Code.

⑧The provisions of Articles 219 and 220 of the Companies Act apply mutatis mutandis to the case where a provision requiring the submission of share certificates under paragraph (5) has been made, and the provisions of Article 976, item (ii) of that Act apply mutatis mutandis to the case where a person fails to give public notice or notice, or gives false public notice or notice, in violation of Article 219, paragraph (1) of that Act as applied mutatis mutandis in this paragraph, respectively.

With regard to the number of voting rights at an organizational meeting for which the procedure for convocation was commenced prior to the enforcement of this Act, or the number of voting rights and the quorum at a shareholders meeting for which the procedure for convocation was commenced prior to the enforcement of this Act or at a meeting of shareholders of a certain class under Article 345, paragraph (1) of the Former Commercial Code (including as applied mutatis mutandis pursuant to Article 346), the provisions then in force continue to govern.

With regard to an acquisition of the whole of a business, a share exchange, or a company split or merger for which the public notice or notice prescribed in Article 245-5, paragraph (2), Article 358, paragraph (4), Article 374-23, paragraph (4) or Article 413-3, paragraph (4) of the Former Commercial Code was given within two weeks prior to the enforcement of this Act, the provisions of Article 245-5, paragraph (6), Article 358, paragraph (8), Article 374-23, paragraph (8) or Article 413-3, paragraph (8) of the Former Commercial Code remain in force.

With regard to an issue of new shares for which a resolution was made, prior to the enforcement of this Act, on the matters set forth in Article 280-2, paragraph (1), item (ix) of the Former Commercial Code, the provisions then in force continue to govern.

In applying Article 280-19, paragraph (3) of the Amended Commercial Code to a stock company that has made a resolution under Article 210-2, paragraph (2) of the Former Commercial Code (limited to a resolution on the matters set forth in item (iii) of that paragraph), the phrase "together with the number of" in that paragraph is deemed to be replaced with "and the number of shares to be transferred, relating to the resolution under paragraph (2) of Article 210-2 as it was before the amendment under Article 1 of the Act Partially Amending the Commercial Code, etc. and Other Matters (Act No. 79 of 2001) (including the case where it is deemed to remain in force pursuant to Article 3, paragraph (2) of the Supplementary Provisions of that Act) in the case provided for in item (iii) of that paragraph, which have not yet been transferred to directors or employees, together with the number of".

With regard to the amount that a stock company or limited company is to set aside as earned reserve for an account closing day on or before the last account closing day, the provisions then in force continue to govern.

With regard to the restriction on dividends of profits of a stock company or limited company relating to an account closing day on or before the last account closing day, the provisions then in force continue to govern.

①In the case where a resolution under Article 293-5, paragraph (1) of the Former Commercial Code was made prior to the enforcement of this Act, with regard to the distribution of money under that resolution, the provisions then in force continue to govern.

②In the case where a resolution under Article 293-5, paragraph (1) of the Amended Commercial Code is made after the enforcement of this Act (limited to within the business year that includes the date of enforcement of this Act), in applying paragraph (3) of that Article, the term "amount of net assets" in the part of that paragraph other than the items is deemed to be replaced with "the amount obtained by deducting the total amount recorded in the account books for the company's own shares it holds from the amount of net assets".

With regard to a company split for which a split plan or split agreement was prepared before this Act comes into effect (limited to an incorporation-type split in which the split plan states the matters listed in Article 374, paragraph (2), item (vii) of the Former Commercial Code (including cases where applied mutatis mutandis under Article 63-6, paragraph (1) of the Former Limited Liability Companies Act), or an absorption-type split in which the split agreement states the matters listed in Article 374-17, paragraph (2), item (vii) of the Former Commercial Code (including cases where applied mutatis mutandis under Article 63-9, paragraph (1) of the Former Limited Liability Companies Act)), the provisions of Article 212, paragraph (1), main clause (including cases where applied mutatis mutandis under Article 24, paragraph (1) of the Former Limited Liability Companies Act) and paragraph (2), Article 374-7, paragraph (1) (including cases where applied mutatis mutandis under Article 374-31, paragraph (5)), Article 374-15, paragraph (2), and Article 374-31, paragraph (2) of the Former Commercial Code, and the provisions of Article 214, paragraph (2) and Articles 215 through 217 of the Former Commercial Code as applied mutatis mutandis by those provisions, remain in force.

The provisions then in force continue to govern a capital reduction for which a resolution under Article 375, paragraph (1) of the Former Commercial Code or Article 47 of the Former Limited Liability Companies Act was adopted before this Act comes into effect.

With regard to a merger for which a merger agreement was prepared before this Act comes into effect (limited to one involving share consolidation by merger prescribed in Article 416, paragraph (3) of the Former Commercial Code), the provisions of Article 416, paragraphs (3) and (4) of the Former Commercial Code, and the provisions of Article 208, Article 209, paragraph (3), Article 214, paragraph (2), and Articles 215 through 217 of the Former Commercial Code as applied mutatis mutandis in those provisions, remain in force.

①A stock company may, by resolution of the board of directors, invalidate share certificates stating the amount per share that were issued before this Act comes into effect and issue new share certificates.

②Articles 219 and 220 of the Companies Act apply mutatis mutandis to the case of the preceding paragraph, and Article 976, item (ii) of that Act applies mutatis mutandis to the case where a person has neglected to give public notice or notification, or has given false public notice or notification, in violation of Article 219, paragraph (1) of that Act as applied mutatis mutandis in this paragraph.

With regard to the application of penal provisions to acts committed before this Act comes into effect and to acts committed after this Act comes into effect in the cases where the provisions then in force continue to govern pursuant to the provisions of these Supplementary Provisions, the provisions then in force continue to govern.