With regard to the application of the provisions of Article 23, paragraphs (1) and (4) of the New Corporation Tax Act in a business year of a corporation (excluding an ordinary corporation whose amount of capital or amount of capital contributions as of the end of each business year exceeds 100 million yen, and a mutual company prescribed in the Insurance Business Act (Act No. 105 of 1995) and those specified by Cabinet Order as being equivalent thereto) that begins during the period from April 1, 2002 to March 31, 2003 and ends on or after March 31, 2003, the phrase "50 percent" in those provisions is deemed to be replaced with "70 percent", and with regard to the application of those provisions in a business year of that corporation that begins during the period from April 1, 2003 to March 31, 2004, the phrase "50 percent" in those provisions is deemed to be replaced with "60 percent".