With regard to a company with board of company auditors (limited to one that is a public company prescribed in Article 2, item (v) of the Companies Act and a large company prescribed in item (vi) of that Article) that actually exists at the time this Act comes into effect and that is required to submit an annual securities report to the Prime Minister with respect to shares that it issues pursuant to the provisions of Article 24, paragraph (1) of the Financial Instruments and Exchange Act (Act No. 25 of 1948), the provisions of Article 327-2 of the new Act do not apply until the conclusion of the annual shareholders meeting for the first business year ending after this Act comes into effect. In this case, with regard to the disclosure of reasons in the case prescribed in Article 327-2 of the former Act, the provisions then in force continue to govern.