A subsidiary company may not acquire the shares of a stock company that is its parent company (hereinafter in this Article referred to as "parent company's shares").
前項の規定は、次に掲げる場合には、適用しない。
The provisions of the preceding paragraph do not apply to the following cases:
if the subsidiary company accepts the transfer of the parent company's shares held by another company if the subsidiary company accepts the transfer of the entire business of relevant other company (including foreign companies);
if the subsidiary company succeeds to the parent company's shares from a company disappearing due to merger;
if the subsidiary company succeeds to the parent company's shares from another company by absorption-type company split;
if the subsidiary company succeeds to the parent company's shares from another company by incorporation-type company split; or
前各号に掲げるもののほか、法務省令で定める場合
beyond what is set forth in the preceding items, cases prescribed by Ministry of Justice Order.
The subsidiary company must dispose of the parent company's shares held by the same at an appropriate time.