On the effective day, the shareholders become shareholders of shares in the number obtained by multiplying the number of shares (or, for a company with class shares , shares of the classes provided for in Article 180, paragraph (2), item (iii); hereinafter the same applies in this paragraph) they held on the day immediately preceding that day, by the ratio provided for in paragraph (2), item (i) of that Article.
株主は、効力発生日に、その日の前日に有する株式（種類株式発行会社にあっては、第百八十条第二項第三号の種類の株式。以下この項において同じ。）の数に同条第二項第一号の割合を乗じて得た数の株式の株主となる。
A stock company consolidating shares is deemed to have changed the articles of incorporation related to the matters set forth in Article 180, paragraph (2), item (iv) on the effective day in accordance with provisions on those matters.
株式の併合をした株式会社は、効力発生日に、第百八十条第二項第四号に掲げる事項についての定めに従い、当該事項に係る定款の変更をしたものとみなす。