①In conjunction with the determination of the matters set forth in each item of Article 156, paragraph (1), a stock company may, by a resolution at a shareholders meeting under that paragraph, make a determination to the effect that notice under the provisions of Article 158, paragraph (1) may be given to specific shareholders.

②If a stock company intends to make a determination under the provisions of the preceding paragraph, it must give notice to the shareholders (or, for a company with class shares, the class shareholders of the classes of the shares to be acquired), by the time prescribed by Ministry of Justice Order, to the effect that the shareholders may make the requests under the provisions of the following paragraph.

③The shareholders under the preceding paragraph may, by the time prescribed by Ministry of Justice Order, request that they be added to the specific shareholders provided for in paragraph (1) for the proposal for the shareholders meeting under that paragraph.

④The specific shareholders under paragraph (1) may not exercise voting right at the shareholders meeting provided for in Article 156, paragraph (1);provided, however, that this does not apply if all shareholders other than the specific shareholders under paragraph (1) may not exercise the voting right at relevant shareholders meeting.

⑤If specific shareholders are prescribed under paragraph (1), for the purpose of the application of the provisions of Article 158, paragraph (1), the phrase "shareholders (or, for a company with class shares, the class shareholder of the classes of the shares it intends to acquire)" in that paragraph is deemed to be replaced with "specific shareholders under Article 160, paragraph (1)".