①If a Resident filing a Tax Return has a specified Casualty Loss, then, for the purpose of applying the provisions of the preceding Article for each year within the five years following the year in which the specified Casualty Loss arose, the phrase "Casualty Loss (" in paragraph (1) of that Article is deemed to be replaced with "Casualty Loss other than a specified Casualty Loss (meaning a specified Casualty Loss prescribed in paragraph (1) of the following Article; hereinafter the same applies in this paragraph) (", and the phrase "(Casualty Loss Deduction)) is" in that paragraph with "(Casualty Loss Deduction)) and a specified Casualty Loss that arose for the Resident in the five years prior to the relevant year (other than an amount deducted in or before the previous year pursuant to the provisions of this paragraph or paragraph (1) of that Article) is".

②The specified Casualty Loss prescribed in the preceding paragraph means the portion of the Casualty Loss relating to the amount of loss arising from a specified extraordinary Disaster on the assets prescribed in paragraph (1) of the following Article that are held by the Resident or by the Resident's spouse or any other relative whose living expenses are paid from the same resources as the Resident and who is prescribed by Cabinet Order (including the amount of any unavoidable expense paid by the Resident in connection with the specified extraordinary Disaster that is prescribed by Cabinet Order, and excluding any part covered by insurance benefits, compensation for damage, or anything similar to these).