Article 61-4Inclusion of the Amount Equivalent to Profits or Losses on Short Selling of Securities in Gross Profits or Deductible Expenses
第六十一条の四（有価証券の空売り等に係る利益相当額又は損失相当額の益金又は損金算入等）
In the case where a domestic corporation has conducted the Short Selling of Securities prescribed in Article 61-2, paragraph (21) (Inclusion of Capital Gains or Losses on Securities in Gross Profits or Deductible Expenses) (referred to as "Short Selling of Securities" in the following paragraph), the margin transaction prescribed in paragraph (22) of the Article (referred to as a "margin transaction" in the following paragraph and paragraph (3)), the when issued transaction prescribed in paragraph (22) of the Article (referred to as a "when issued transaction" in the following paragraph and paragraph (3)), or the underwriting of securities (meaning concluding a contract, on the occasion of soliciting an application for the acquisition of newly issued securities, or of making an offer to sell or soliciting an offer to buy already issued securities, to acquire all or part of such securities for the purpose of having them acquired by others, or, where there is no other person to acquire all or part of such securities, to acquire the remainder, and excluding the underwriting of securities for the purpose of acquiring securities not for buying and selling as prescribed in paragraph (1), item (ii) of the preceding Article; the same applies in the following paragraph), when any of such transactions have not been settled as of the end of a business year, the amount equivalent to the profit or loss calculated, as specified by Ministry of Finance Order, by deeming that such transactions were settled at that time (referred to as "deemed settlement profit or loss" in the following paragraph), is included in gross profits or deductible expenses, when calculating the amount of income for the business year.
内国法人が第六十一条の二第二十一項（有価証券の譲渡益又は譲渡損の益金又は損金算入）に規定する有価証券の空売り（次項において「有価証券の空売り」という。）、同条第二十二項に規定する信用取引（次項及び第三項において「信用取引」という。）、同条第二十二項に規定する発行日取引（次項及び第三項において「発行日取引」という。）又は有価証券の引受け（新たに発行される有価証券の取得の申込みの勧誘又は既に発行された有価証券の売付けの申込み若しくはその買付けの申込みの勧誘に際し、これらの有価証券を取得させることを目的としてこれらの有価証券の全部若しくは一部を取得すること又はこれらの有価証券の全部若しくは一部につき他にこれを取得する者がない場合にその残部を取得することを内容とする契約をすることをいい、前条第一項第二号に規定する売買目的外有価証券の取得を目的とするものを除く。次項において同じ。）を行つた場合において、これらの取引のうち事業年度終了の時において決済されていないものがあるときは、その時においてこれらの取引を決済したものとみなして財務省令で定めるところにより算出した利益の額又は損失の額に相当する金額（次項において「みなし決済損益額」という。）は、当該事業年度の所得の金額の計算上、益金の額又は損金の額に算入する。
In the case where a domestic corporation transfers a contract pertaining to short selling, etc. (meaning Short Selling of Securities, margin transactions, when issued transactions and the underwriting of securities; hereinafter the same applies in this paragraph) to a succeeding corporation in a company split or a corporation receiving a capital contribution in kind as a result of a qualified company split or a qualified capital contribution in kind (hereinafter referred to as a "qualified company split, etc." in this paragraph), the amount equivalent to the deemed settlement profit or loss pertaining to the short selling, etc. that would be calculated pursuant to the provisions of the preceding paragraph if the day preceding the date of the qualified company split, etc. were the last day of a business year is included in gross profits or deductible expenses, when calculating the amount of income for the business year containing the date of the qualified company split, etc.
In the case where a domestic corporation has acquired securities based on a contract for a margin transaction, etc. (meaning a margin transaction (limited to buying) and a when issued transaction (limited to buying); hereinafter the same applies in this paragraph) (excluding the case where the domestic corporation has acquired the securities based on a contract for a margin transaction, etc. subject to the provisions of Article 61-6, paragraph (1) (Deferment of Profit or Loss by Deferred Hedge Accounting)), the difference between the value of the securities as of the time of the acquisition and the amount that the domestic corporation paid as the consideration for the acquisition of the securities based on a contract for margin transactions, etc. that had caused the acquisition is included in gross profits or deductible expenses, when calculating the amount of income for the business year containing the date of the acquisition.
The disposition of the deemed settlement profit or loss prescribed in paragraph (1) in the following business year, and other necessary matters concerning the application of the provisions of the preceding three paragraphs are specified by Cabinet Order.