If monies or any other assets are issued to a Shareholder, Member, or Other Investor in a corporation (other than a corporation in the public interest, etc. as prescribed in Article 2, item (vi) (Definitions) of the Corporation Tax Act or an Association or Foundation without Legal Personality; hereinafter the same applies in this paragraph) due to any of the following circumstances involving the corporation, and the sum total of the monies and the value of assets other than monies (or, for assets relating to a qualified distribution in kind as prescribed in item (xii)-15 of that Article, the amount equivalent to the book value of those assets of the corporation immediately before the issuance) exceeds the part of the corporation's amount of stated capital, etc. as prescribed in item (xvi) of that Article which comes from the shares in or capital contributions to the corporation upon which the issuance of the monies and assets is founded, for the purpose of applying the provisions of this Act, the part of the monies or other assets in excess is deemed to be a dividend of surplus, dividend of profits, distribution of surplus, or distribution of monies as prescribed in paragraph (1) of the preceding Article:
法人（法人税法第二条第六号（定義）に規定する公益法人等及び人格のない社団等を除く。以下この項において同じ。）の株主等が当該法人の次に掲げる事由により金銭その他の資産の交付を受けた場合において、その金銭の額及び金銭以外の資産の価額（同条第十二号の十五に規定する適格現物分配に係る資産にあつては、当該法人のその交付の直前の当該資産の帳簿価額に相当する金額）の合計額が当該法人の同条第十六号に規定する資本金等の額のうちその交付の基因となつた当該法人の株式又は出資に対応する部分の金額を超えるときは、この法律の規定の適用については、その超える部分の金額に係る金銭その他の資産は、前条第一項に規定する剰余金の配当、利益の配当、剰余金の分配又は金銭の分配とみなす。
the merger of the corporation (this includes a merger of trusts which involves a Trust Subject to Corporate Taxation but excludes a qualified merger as prescribed in Article 2, item (xii)-8 of the Corporation Tax Act);
当該法人の合併（法人課税信託に係る信託の併合を含むものとし、法人税法第二条第十二号の八に規定する適格合併を除く。）
a split-off from the corporation (other than a qualified company split by split-off as prescribed in Article 2, item (xii)-12 of the Corporation Tax Act);
当該法人の分割型分割（法人税法第二条第十二号の十二に規定する適格分割型分割を除く。）
a share distribution by the corporation (other than a qualified share distribution as prescribed in Article 2, item (xii)-15-3 of the Corporation Tax Act);
当該法人の株式分配（法人税法第二条第十二号の十五の三に規定する適格株式分配を除く。）
redemption of the corporation's stated capital (meaning the issuance of dividends of surplus in connection with shares (but only if this causes a decrease in capital surplus) other than due to a split-off or a share distribution, and a distribution that reduces contributions) or the distribution of residual assets due to the dissolution of the corporation;
the corporation's acquisition of treasury shares or capital contributions to itself (other than acquisition through a purchase on a market operated by a financial instruments exchange as prescribed in Article 2, paragraph (16) (Definitions) of the Financial Instruments and Exchange Act or any other type of acquisition which is provided for by Cabinet Order, and other than acquisition of shares or capital contributions set forth in Article 57-4, paragraph (3), item (i) through (iii) (Special Provisions on Capital Gains Due to Share Exchange) in a case falling under the category of case prescribed in that paragraph);
当該法人の自己の株式又は出資の取得（金融商品取引法第二条第十六項（定義）に規定する金融商品取引所の開設する市場における購入による取得その他の政令で定める取得及び第五十七条の四第三項第一号から第三号まで（株式交換等に係る譲渡所得等の特例）に掲げる株式又は出資の同項に規定する場合に該当する場合における取得を除く。）
cancellation of capital contributions to the corporation (other than the cancellation of acquired capital contributions), refunding of capital contributions to the corporation, refunding of equity due to a member's or other contributor's withdrawal from the corporation, or extinguishment of shares in or capital contributions to the corporation without the corporation's acquiring them;
当該法人の出資の消却（取得した出資について行うものを除く。）、当該法人の出資の払戻し、当該法人からの社員その他の出資者の退社若しくは脱退による持分の払戻し又は当該法人の株式若しくは出資を当該法人が取得することなく消滅させること。
entity conversion by the corporation (but only one on the occasion of which assets other than shares in or capital contributions to the corporation undergoing the entity conversion are issued).
当該法人の組織変更（当該組織変更に際して当該組織変更をした当該法人の株式又は出資以外の資産を交付したものに限る。）
Even if a merging corporation (meaning a merging corporation as prescribed in Article 2, item (xii) of the Corporation Tax Act; hereinafter the same applies in this paragraph) or a splitting corporation (meaning a splitting corporation as prescribed in item (xii)-2 of that Article; hereinafter the same applies in this paragraph) has not issued shares (including capital contributions; hereinafter the same applies in this paragraph) or other assets through a merger or split-off to any Shareholder, Member, or Other Investor of the merged corporation (meaning a merged corporation as prescribed in item (xi) of that Article) or to any Shareholder, Member, or Other Investor of the splitting corporation, if the merger or split-off falls under a merger or split-off specified by Cabinet Order as one in which the issuance of shares of the merging corporation or the successor corporation in a company split (meaning a successor corporation in a company split as prescribed in item (xii)-3 of that Article; hereinafter the same applies in this paragraph) is found to have been omitted, the provisions of the preceding paragraph apply by deeming, pursuant to Cabinet Order, each such Shareholder, Member, or Other Investor to have been issued shares of the merging corporation or successor corporation in a company split.
合併法人（法人税法第二条第十二号に規定する合併法人をいう。以下この項において同じ。）又は分割法人（同条第十二号の二に規定する分割法人をいう。以下この項において同じ。）が被合併法人（同条第十一号に規定する被合併法人をいう。）の株主等又は当該分割法人の株主等に対し合併又は分割型分割により株式（出資を含む。以下この項において同じ。）その他の資産の交付をしなかつた場合においても、当該合併又は分割型分割が合併法人又は分割承継法人（同条第十二号の三に規定する分割承継法人をいう。以下この項において同じ。）の株式の交付が省略されたと認められる合併又は分割型分割として政令で定めるものに該当するときは、政令で定めるところによりこれらの株主等が当該合併法人又は分割承継法人の株式の交付を受けたものとみなして、前項の規定を適用する。
Cabinet Order prescribes the way of calculating the amount of stated capital, etc. coming from shares and capital contributions as prescribed in paragraph (1) and provides for other necessary particulars concerning the application of the provisions of the preceding two paragraphs.