A stock company may not abolish the provisions on the total number of authorized shares by amending its articles of incorporation.
株式会社は、定款を変更して発行可能株式総数についての定めを廃止することができない。
If it is intended to reduce the total number of authorized shares by amending the articles of incorporation, the total number of authorized shares after the amendment may not be less than the total number of the issued shares at the time when relevant amendment to the articles of incorporation becomes effective.
In the following cases, the total number of authorized shares after relevant amendment in the articles of incorporations may not exceed the number four times the total number of the issued shares at the time when that amendment to the articles of incorporation becomes effective:
if a public company amends the articles of incorporation and increases the total number of authorized shares; or
if a stock company that is not a public company amends the articles of incorporation and becomes a public company.
公開会社でない株式会社が定款を変更して公開会社となる場合
The number of the shares which a holder of share options (excluding share options for which the first day of the period prescribed in Article 236, paragraph (1), item (iv) has not yet arrived) acquire pursuant to the provisions of Article 282, paragraph (1) may not exceed the number obtained by subtracting the total number of the issued shares (excluding treasury shares (meaning shares in a stock company owned by that stock company itself; the same applies hereinafter)) from the total number of authorized shares.
新株予約権（第二百三十六条第一項第四号の期間の初日が到来していないものを除く。）の新株予約権者が第二百八十二条第一項の規定により取得することとなる株式の数は、発行可能株式総数から発行済株式（自己株式（株式会社が有する自己の株式をいう。以下同じ。）を除く。）の総数を控除して得た数を超えてはならない。