①With regard to the calculation of the amount of income for each business year that began before the Effective Date and for the first business year beginning on or after the Effective Date of a corporation that holds the reserve for price fluctuations prescribed in Article 53, paragraph (1) of the Former Act, the provisions of that Article remain in force.

②The provisions of Article 54 of the New Act apply to the amount of the reserve for overseas market development by small and medium sized enterprises, etc. accumulated in business years of a corporation ending on or after the Effective Date, and with regard to the amount of the reserve for overseas market development by small and medium sized enterprises, etc. accumulated in business years of a corporation that ended before the Effective Date, the provisions then in force continue to govern. In this case, with regard to the application of the provisions of that Article to a corporation prescribed in paragraph (1) of that Article whose amount of capital or amount of contributions exceeds 100 million yen at the end of a business year that began before the Effective Date and ends on or after the Effective Date, the phrase "amount calculated by dividing" in that paragraph is deemed to be replaced with "amount calculated by dividing (for a business year that began before the Effective Date of the 1986 Amendment Act and ends on or after that date, the amount obtained by adding, to the total of the amount equivalent to 4.2/1,000 of the amount calculated by multiplying the revenue pertaining to the transactions listed in item (i) of the following paragraph by the number of months in the period from the first day of that business year to March 31, 1986 (referred to as the "designated period for the former reserve rate" in this paragraph) and dividing the product by the number of months in that base year and the amount equivalent to 2.52/1,000 of the amount calculated by multiplying the revenue pertaining to those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year, the total of the amount equivalent to 5.8/1,000 of the amount calculated by multiplying the revenue pertaining to the transactions listed in items (ii) through (viii) of the following paragraph by the number of months in the designated period for the former reserve rate and dividing the product by the number of months in that base year and the amount equivalent to 3.48/1,000 of the amount calculated by multiplying the revenue pertaining to those transactions by the number of months obtained by deducting the number of months in the designated period for the former reserve rate from the number of months in that business year and dividing the product by the number of months in that base year)".

③The provisions of Article 55 of the New Act (excluding paragraph (10) of that Article) apply to specified shares, etc. prescribed in paragraph (1) of that Article that a corporation acquires on or after the Effective Date, and with regard to specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act that a corporation acquired before the Effective Date, except in the case provided for in the following paragraph, the provisions then in force continue to govern.

④In the case where a corporation acquired, before the Effective Date, specified shares, etc. prescribed in Article 55, paragraph (1) of the Former Act, if, on or after the Effective Date, it comes to fall under any of the cases listed in the items of Article 55, paragraph (4) of the New Act, the provisions of that paragraph are to govern.

⑤With regard to the amount that a corporation prescribed in Article 56-4, paragraph (1) of the Former Act expends, before the Effective Date, for the acquisition or construction of specified railway facilities prescribed in paragraph (2) of that Article pertaining to construction work specified by Cabinet Order as prescribed in that paragraph, the provisions of that Article remain in force. In this case, the phrase "local railway business prescribed in Article 12, paragraph (1) of the Local Railway Act" in paragraph (1) of that Article is deemed to be replaced with "Type I railway business prescribed in Article 2, paragraph (2) of the Railway Business Act (Act No. 92 of 1986) for which the license for local railway business under the provisions of Article 12, paragraph (1) of the Local Railway Act (Act No. 52 of 1919) prior to its repeal by the provisions of Article 2 of the Supplementary Provisions of that Act is deemed to be that license pursuant to the provisions of Article 3, paragraph (2) of the Supplementary Provisions of that Act", the phrase "Article 53, paragraph (6)" in paragraph (7) of that Article is deemed to be replaced with "Article 54, paragraph (11) of the Act on Special Measures Concerning Taxation as amended by the 1986 Amendment Act", and the phrase "Article 56-4, paragraph (3)" in paragraph (8) of that Article is deemed to be replaced with "Article 56-4, paragraph (3) of the Act on Special Measures Concerning Taxation prior to the amendment by the 1986 Amendment Act, which remains in force pursuant to the provisions of Article 15, paragraph (5) of the Supplementary Provisions of the 1986 Amendment Act".