The total book value of the monies, etc. (excluding shares of the relevant stock company; hereinafter the same applies in this Section) delivered to shareholders as a result of the following acts may not exceed the distributable amount as at the day on which relevant act takes effect:
the purchase of shares of relevant stock company in response to a demand under Article 138, item (i), (c) or item (ii), (c) of the same Article;
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 156, paragraph (1) (limited to acquisitions of shares by relevant stock company in the cases provided for in Article 163 or Article 165, paragraph (1));
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 157, paragraph (1);
第百五十七条第一項の規定による決定に基づく当該株式会社の株式の取得
the acquisition of shares of relevant stock company pursuant to the provisions of Article 173, paragraph (1);
第百七十三条第一項の規定による当該株式会社の株式の取得
the purchase of shares of relevant stock company based on a request pursuant to the provisions of Article 176, paragraph (1);
第百七十六条第一項の規定による請求に基づく当該株式会社の株式の買取り
the purchase of shares of relevant stock company pursuant to the provisions of Article 197, paragraph (3);
第百九十七条第三項の規定による当該株式会社の株式の買取り
the purchase of shares of relevant stock company pursuant to the provisions of Article 234, paragraph (4) (including the cases where applied mutatis mutandis pursuant to Article 235, paragraph (2)); or
第二百三十四条第四項（第二百三十五条第二項において準用する場合を含む。）の規定による当該株式会社の株式の買取り
dividend of surplus.
剰余金の配当
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 (i) and item (ii) (hereinafter the same applies in this Section):
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。）。
the amount of surplus;
剰余金の額
the amounts set forth below if the approval under Article 441, paragraph (4) (or the approval under paragraph (3) of that Article in the cases provided for in the proviso to that paragraph) is obtained for the provisional financial statements:
臨時計算書類につき第四百四十一条第四項の承認（同項ただし書に規定する場合にあっては、同条第三項の承認）を受けた場合における次に掲げる額
the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order as the amount of profits during the period under Article 441, paragraph (1), item (ii); and
第四百四十一条第一項第二号の期間の利益の額として法務省令で定める各勘定科目に計上した額の合計額
if treasury shares are disposed of during the period under Article 441, paragraph (1), item (ii), the amount of the value received in exchange for relevant treasury shares;
第四百四十一条第一項第二号の期間内に自己株式を処分した場合における当該自己株式の対価の額
the book value of treasury shares;
自己株式の帳簿価額
if treasury shares are disposed of after the last day of the most recent business year, the amount of the value received in exchange for relevant treasury shares;
in the cases provided for in item (ii), the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order as the amount of losses during the period under Article 441, paragraph (1), item (ii); and
第二号に規定する場合における第四百四十一条第一項第二号の期間の損失の額として法務省令で定める各勘定科目に計上した額の合計額
beyond what is set forth in the preceding three items, the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order.
前三号に掲げるもののほか、法務省令で定める各勘定科目に計上した額の合計額
Read this with the articles around it
(Method for Requests for Approval of Transfer)
requests pursuant to the provisions of Article 136: the following matters:
第百三十六条の規定による請求 次に掲げる事項
Open this provision(Method for Requests for Approval of Transfer)
the request pursuant to the provisions of paragraph (1) of the preceding Article: the following matters:
前条第一項の規定による請求 次に掲げる事項
Open this provision(Determination of Matters Regarding Acquisition of Shares)
A stock company must prescribe the following matters by a resolution at a shareholders meeting in advance in order to acquire for value own shares by agreement with its shareholders; provided…
株式会社が株主との合意により当該株式会社の株式を有償で取得するには、あらかじめ、株主総会の決議によって、次に掲げる事項を定めなければならない。ただし、第三号の期間は、一年を超えることができない。
Open this provision(Determination of Acquisition Price)
Whenever a stock company intends to acquire its shares in accordance with a determination pursuant to the provisions of paragraph (1) of the preceding Article, it must prescribe the following matters:
株式会社は、前条第一項の規定による決定に従い株式を取得しようとするときは、その都度、次に掲げる事項を定めなければならない。
Open this provision(Acquisition of Shares from Subsidiary Companies)
If a stock company acquires shares in relevant stock company that are held by its subsidiary company, for the purpose of the application of the provisions of Article 156, paragraph (1)…
株式会社がその子会社の有する当該株式会社の株式を取得する場合における第百五十六条第一項の規定の適用については、同項中「株主総会」とあるのは、「株主総会（取締役会設置会社にあっては、取締役会）」とする。この場合においては、第百五十七条から第百六十条までの規定は、適用しない。
Open this provisionThe provisions of Article 157 through Article 160 do not apply if a stock company acquires shares in relevant stock company through transactions undertaken by that stock company in the market or…
第百五十七条から第百六十条までの規定は、株式会社が市場において行う取引又は金融商品取引法第二十七条の二第六項に規定する公開買付けの方法（以下この条において「市場取引等」という。）により当該株式会社の株式を取得する場合には、適用しない。
Open this provision(Effectuation)
A stock company acquires shares subject to class-wide call on the acquisition day.
株式会社は、取得日に、全部取得条項付種類株式の全部を取得する。
Open this provision(Demand for Sale)
If a stock company determines the matters set forth in each item of paragraph (1) of the preceding Article, it may demand that the persons under item (ii) of that paragraph sell the shares under item…
株式会社は、前条第一項各号に掲げる事項を定めたときは、同項第二号の者に対し、同項第一号の株式を当該株式会社に売り渡すことを請求することができる。ただし、当該株式会社が相続その他の一般承継があったことを知った日から一年を経過したときは、この限りでない。
Open this provision(Auction of Shares)
The stock company may purchase some or all of the shares sold under the provisions of the preceding paragraph. In these cases, the stock company must prescribe the following matters:
株式会社は、前項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
Open this provision(Treatment of Fractional Shares)
A stock company may purchase some or all of the shares sold pursuant to the provisions of paragraph (2). In these cases, the following matters must be prescribed:
株式会社は、第二項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
Open this provisionThe provisions of paragraphs (2) through (5) of the preceding Article apply mutatis mutandis to the cases provided for in the preceding paragraph.
前条第二項から第五項までの規定は、前項の場合について準用する。
Open this provision(Provisional Financial Statements)
a profit and loss statement for the period from the first day of the business year that includes the provisional account closing day to the provisional account closing day.
臨時決算日の属する事業年度の初日から臨時決算日までの期間に係る損益計算書
Open this provision(Provisional Financial Statements)
At companies with board of directors, provisional financial statements (or, if the provisions of the preceding paragraph apply, the statements audited under that paragraph) must be approved by the…
取締役会設置会社においては、臨時計算書類（前項の規定の適用がある場合にあっては、同項の監査を受けたもの）は、取締役会の承認を受けなければならない。
Open this provision(Provisional Financial Statements)
At stock companies set forth in the following items, the provisional financial statements provided for in relevant item must be approved by a shareholders meeting; provided, however…
次の各号に掲げる株式会社においては、当該各号に定める臨時計算書類は、株主総会の承認を受けなければならない。ただし、臨時計算書類が法令及び定款に従い株式会社の財産及び損益の状況を正しく表示しているものとして法務省令で定める要件に該当する場合は、この限りでない。
Open this provision(Restriction on Dividends)
The total book value of the monies, etc. (excluding shares of the relevant stock company; hereinafter the same applies in this Section) delivered to shareholders as a result of the following acts may…
次に掲げる行為により株主に対して交付する金銭等（当該株式会社の株式を除く。以下この節において同じ。）の帳簿価額の総額は、当該行為がその効力を生ずる日における分配可能額を超えてはならない。
Open this provision(Restriction on Dividends)
the amount of surplus;
剰余金の額
Open this provision(Restriction on Dividends)
the amounts set forth below if the approval under Article 441, paragraph (4) (or the approval under paragraph (3) of that Article in the cases provided for in the proviso to that paragraph) is…
臨時計算書類につき第四百四十一条第四項の承認（同項ただし書に規定する場合にあっては、同条第三項の承認）を受けた場合における次に掲げる額
Open this provision(Restriction on Dividends)
the book value of treasury shares;
自己株式の帳簿価額
Open this provision(Restriction on Dividends)
if treasury shares are disposed of after the last day of the most recent business year, the amount of the value received in exchange for relevant treasury shares;
最終事業年度の末日後に自己株式を処分した場合における当該自己株式の対価の額
Open this provision(Restriction on Dividends)
in the cases provided for in item (ii), the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order as the amount of losses during the period under Article 441…
第二号に規定する場合における第四百四十一条第一項第二号の期間の損失の額として法務省令で定める各勘定科目に計上した額の合計額
Open this provision(Restriction on Dividends)
beyond what is set forth in the preceding three items, the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order.
前三号に掲げるもののほか、法務省令で定める各勘定科目に計上した額の合計額
Open this provisionmost recent business year
「最終事業年度」
The latest business year whose financial statements have been approved, at a shareholders meeting or, where the Act allows it, by the board of directors.
Defined inArticle 2, paragraph (1), item (xxiv)· applies throughout the law
treasury sharesmachine translation
「自己株式」
Shares of a stock company that the company itself holds.
Defined inArticle 113, paragraph (4)
monies, etc.machine translation
「金銭等」
Money and any other property.
Defined inArticle 151, paragraph (1)
provisional financial statements
「臨時計算書類」
The balance sheet and profit and loss statement that a stock company may draw up under Article 441, paragraph (1) as of a day partway through a business year.
Short name set inArticle 441, 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)