A stock company acquires, on the day when the grounds under Article 107, paragraph (2), item (iii), (a) have arisen (or, if there are provisions with respect to the matters set forth in (c) of that item, on the day set forth in item (i) or the day set forth in item (ii) below, whichever comes later; the same applies in the following paragraph and paragraph (5)), the shares subject to call (or, if there are provisions with respect to the matters set forth in paragraph (2), item (iii), (c) of that Article, those determined pursuant to the provisions of paragraph (1) of the preceding Article; the same applies in the following paragraph):
the day when grounds under Article 107, paragraph (2), item (iii), (a) have arisen; or
第百七条第二項第三号イの事由が生じた日
the day of notice pursuant to the provisions of paragraph (3) of the preceding Article, or the day when two weeks have lapsed from the day of the public notice under paragraph (4) of that Article.
In the cases set forth in the following items, the shareholders of the shares subject to call (excluding the relevant stock company) become the persons specified in each of those items in accordance with the provisions with respect to the matters provided for in Article 107, paragraph (2), item (iii), (a) (or, for a company with class shares, Article 108, paragraph (2), item (vi)) on the day when the grounds under Article 107, paragraph (2), item (iii), (a) arise:
次の各号に掲げる場合には、取得条項付株式の株主（当該株式会社を除く。）は、第百七条第二項第三号イの事由が生じた日に、同号（種類株式発行会社にあっては、第百八条第二項第六号）に定める事項についての定めに従い、当該各号に定める者となる。
if there are provisions on the matters set forth in Article 107, paragraph (2), item (iii), (d):holders of the bonds referred to in (d) of that item;
第百七条第二項第三号ニに掲げる事項についての定めがある場合 同号ニの社債の社債権者
if there are provisions on the matters set forth in Article 107, paragraph (2), item (iii), (e):share option holder referred to in (e) of that item;
第百七条第二項第三号ホに掲げる事項についての定めがある場合 同号ホの新株予約権の新株予約権者
if there are provisions on the matters set forth in Article 107, paragraph (2), item (iii), (f):holders of the bonds constituting the bonds with share option referred to in (f) of that item, and holders of share options attached to those bonds;
第百七条第二項第三号ヘに掲げる事項についての定めがある場合 同号ヘの新株予約権付社債についての社債の社債権者及び当該新株予約権付社債に付された新株予約権の新株予約権者
if there are provisions on the matters set forth in Article 108, paragraph (2), item (vi), (b):holders of the relevant other shares referred to in (b) of that item.
第百八条第二項第六号ロに掲げる事項についての定めがある場合 同号ロの他の株式の株主
A stock company must notify the shareholders of shares subject to call and registered pledgees of shares thereof without delay after grounds have arisen referred to in Article 107, paragraph (2), item (iii), (a) (if there are provisions regarding the matters set forth in (c) of that item, the holders of shares subject to call determined pursuant to the provisions of paragraph (1) of the preceding Article, and the registered pledgees of shares) to the effect that relevant grounds have arisen; provided, however, that this does not apply if the stock company has given notice referred to in the provisions of Article 168, paragraph (2) or has given public notice referred to in the provisions of paragraph (3) of that Article.
A public notice may be substituted for the notice referred to in the provisions of the preceding paragraph.
前項本文の規定による通知は、公告をもってこれに代えることができる。
The provisions of the preceding paragraphs do not apply if, if the properties provided for in Article 107, paragraph (2), item (iii), (d) through (g) is delivered in exchange for the acquisition of the shares subject to call, the book value of relevant properties exceeds the distributable amount under Article 461, paragraph (2) on the day when the grounds under Article 107, paragraph (2), item (iii), (a) arose.
前各項の規定は、取得条項付株式を取得するのと引換えに第百七条第二項第三号ニからトまでに規定する財産を交付する場合において、これらの財産の帳簿価額が同号イの事由が生じた日における第四百六十一条第二項の分配可能額を超えているときは、適用しない。
Read this with the articles around it
(Special Provisions on Features of Shares)
regarding the fact that relevant stock company may acquire relevant shares on condition of certain grounds arising: the matters set forth below:
当該株式について、当該株式会社が一定の事由が生じたことを条件としてこれを取得することができること 次に掲げる事項
Open this provision(Shares of Different Classes)
regarding the fact that relevant stock company may acquire relevant class shares on condition of certain grounds arising: the following matters:
当該種類の株式について、当該株式会社が一定の事由が生じたことを条件としてこれを取得することができること 次に掲げる事項
Open this provision(Determination of the Day of Acquisition)
If a stock company prescribes the day under Article 107, paragraph (2), item (iii), (b), the stock company must notify the shareholders of the shares subject to call…
第百七条第二項第三号ロの日を定めたときは、株式会社は、取得条項付株式の株主（同号ハに掲げる事項についての定めがある場合にあっては、次条第一項の規定により決定した取得条項付株式の株主）及びその登録株式質権者に対し、当該日の二週間前までに、当該日を通知しなければならない。
Open this provision(Determination of the Day of Acquisition)
A public notice may be substituted for the notice under the provisions of the preceding paragraph.
前項の規定による通知は、公告をもってこれに代えることができる。
Open this provision(Determination of Shares to Be Acquired)
If there are provisions with respect to the matters set forth in Article 107, paragraph (2), item (iii), (c), if a stock company intends to acquire shares subject to call…
株式会社は、第百七条第二項第三号ハに掲げる事項についての定めがある場合において、取得条項付株式を取得しようとするときは、その取得する取得条項付株式を決定しなければならない。
Open this provision(Determination of Shares to Be Acquired)
If a stock company makes the determination pursuant to the provisions of paragraph (1), the stock company must immediately notify the shareholders of the shares subject to call who are identified…
第一項の規定による決定をしたときは、株式会社は、同項の規定により決定した取得条項付株式の株主及びその登録株式質権者に対し、直ちに、当該取得条項付株式を取得する旨を通知しなければならない。
Open this provision(Determination of Shares to Be Acquired)
A public notice may be substituted for the notice pursuant to the provisions of the preceding paragraph.
前項の規定による通知は、公告をもってこれに代えることができる。
Open this provision(Effectuation)
A stock company acquires, on the day when the grounds under Article 107, paragraph (2), item (iii), (a) have arisen…
株式会社は、第百七条第二項第三号イの事由が生じた日（同号ハに掲げる事項についての定めがある場合にあっては、第一号に掲げる日又は第二号に掲げる日のいずれか遅い日。次項及び第五項において同じ。）に…
Open this provision(Effectuation)
the day when grounds under Article 107, paragraph (2), item (iii), (a) have arisen; or
第百七条第二項第三号イの事由が生じた日
Open this provision(Effectuation)
the day of notice pursuant to the provisions of paragraph (3) of the preceding Article, or the day when two weeks have lapsed from the day of the public notice under paragraph (4) of that Article.
前条第三項の規定による通知の日又は同条第四項の公告の日から二週間を経過した日
Open this provision(Effectuation)
In the cases set forth in the following items, the shareholders of the shares subject to call (excluding the relevant stock company) become the persons specified in each of those items in accordance…
次の各号に掲げる場合には、取得条項付株式の株主（当該株式会社を除く。）は、第百七条第二項第三号イの事由が生じた日に、同号（種類株式発行会社にあっては、第百八条第二項第六号）に定める事項についての定めに従い、当該各号に定める者となる。
Open this provision(Effectuation)
A stock company must notify the shareholders of shares subject to call and registered pledgees of shares thereof without delay after grounds have arisen referred to in Article 107, paragraph (2)…
株式会社は、第百七条第二項第三号イの事由が生じた後、遅滞なく、取得条項付株式の株主及びその登録株式質権者（同号ハに掲げる事項についての定めがある場合にあっては、前条第一項の規定により決定した取得条項付株式の株主及びその登録株式質権者）に対し、当該事由が生じた旨を通知しなければならない。
Open this provision(Effectuation)
A public notice may be substituted for the notice referred to in the provisions of the preceding paragraph.
前項本文の規定による通知は、公告をもってこれに代えることができる。
Open this provision(Effectuation)
The provisions of the preceding paragraphs do not apply if, if the properties provided for in Article 107, paragraph (2), item (iii), (d) through (g) is delivered in exchange for the acquisition of…
前各項の規定は、取得条項付株式を取得するのと引換えに第百七条第二項第三号ニからトまでに規定する財産を交付する場合において、これらの財産の帳簿価額が同号イの事由が生じた日における第四百六十一条第二項の分配可能額を超えているときは、適用しない。
Open this provision(Restriction on Dividends)
The "distributable amount" provided for in the preceding paragraph means the amount obtained by subtracting the sum of the amounts set forth in items (iii) through (vi) from the sum set forth in item…
前項に規定する「分配可能額」とは、第一号及び第二号に掲げる額の合計額から第三号から第六号までに掲げる額の合計額を減じて得た額をいう（以下この節において同じ。）。
Open this provisioncompany with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· applies throughout the law
shares subject to call
「取得条項付株式」
Shares whose terms let the company acquire them from the shareholder when a specified event occurs.
Defined inArticle 2, paragraph (1), item (xix)· applies throughout the law
share option
「新株予約権」
A right that entitles its holder, by exercising it against a stock company, to receive shares of that company.
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
bonds with share options
「新株予約権付社債」
A bond with share options attached to it.
Defined inArticle 2, paragraph (1), item (xxii)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
registered pledgee of shares
「登録株式質権者」
A person holding a pledge over shares who is entered as pledgee in the company's shareholder register.
Short name set inArticle 149, paragraph (1)
distributable amount
「分配可能額」
The most a stock company may pay out to its shareholders in dividends or by buying back its own shares, worked out under Article 461, paragraph (2) from its surplus less the amounts listed there.
Defined inArticle 461, paragraph (2)