Article 61-5Inclusion of the Amount Equivalent to Profits or Losses on Derivative Transactions in Gross Profits or Deductible Expenses
第六十一条の五（デリバティブ取引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 derivative transactions (meaning transactions promising the payment or receipt of the amount of monies calculated based on the difference between the numeric value, which has been agreed upon between the parties in advance as the interest rate, price of currency, price of goods or numeric value of another index, and the actual numeric value of such index at a certain time in the future, or transactions similar thereto, which are specified by Ministry of Finance Order; hereinafter the same applies in this Article), when any of those transactions have not been settled as of the end of a business year (excluding transactions based on a foreign exchange futures contract, etc. as prescribed in Article 61-8, paragraph (2) (Conversion of Transactions in a Foreign Currency with the Amount in Japanese Yen Determined under a Foreign Exchange Futures Contract, etc.) in the case where the provisions of the paragraph apply and other transactions specified by Ministry of Finance Order (referred to as "forward exchange transactions, etc." in the following paragraph); hereinafter referred to as "unsettled derivative transactions" in this paragraph), the amount equivalent to the profit or loss calculated, as specified by Ministry of Finance Order, by deeming that the unsettled derivative transactions were settled at the 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.
内国法人がデリバティブ取引（金利、通貨の価格、商品の価格その他の指標の数値としてあらかじめ当事者間で約定された数値と将来の一定の時期における現実の当該指標の数値との差に基づいて算出される金銭の授受を約する取引又はこれに類似する取引であつて、財務省令で定めるものをいう。以下この条において同じ。）を行つた場合において、当該デリバティブ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（第六十一条の八第二項（先物外国為替契約等により円換算額を確定させた外貨建取引の換算）の規定の適用を受ける場合における同項に規定する先物外国為替契約等に基づくものその他財務省令で定める取引（次項において「為替予約取引等」という。）を除く。以下この項において「未決済デリバティブ取引」という。）があるときは、その時において当該未決済デリバティブ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 derivative transactions (excluding forward exchange transactions, etc.) to a succeeding corporation in a company split, a corporation receiving a capital contribution in kind or a corporation receiving a distribution in kind as a result of a qualified company split, a qualified capital contribution in kind or a qualified in-kind distribution (in the case of a qualified in-kind distribution, excluding a distribution of all of the residual assets; 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 derivative transactions 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 assets other than monies based on a contract for derivative transactions (excluding the case where the domestic corporation has acquired the assets based on a contract for derivative transactions subject to the provisions of paragraph (1) of the following Article), the difference between the value of the assets as of the time of the acquisition and the amount that the domestic corporation paid as the consideration for the acquisition of the assets based on a contract for derivative transactions 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.
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(Inclusion of the Amount Equivalent to Profits or Losses on Derivative Transactions in Gross Profits or Deductible Expenses)
In the case where a domestic corporation has conducted derivative transactions (meaning transactions promising the payment or receipt of the amount of monies calculated based on the difference…
内国法人がデリバティブ取引（金利、通貨の価格、商品の価格その他の指標の数値としてあらかじめ当事者間で約定された数値と将来の一定の時期における現実の当該指標の数値との差に基づいて算出される金銭の授受を約する取引又はこれに類似する取引であつて、財務省令で定めるものをいう。以下この条において同じ。）を行つた場合において…
Open this provision(Inclusion of the Amount Equivalent to Profits or Losses on Derivative Transactions in Gross Profits or Deductible Expenses)
In the case where a domestic corporation has conducted derivative transactions (meaning transactions promising the payment or receipt of the amount of monies calculated based on the difference…
内国法人がデリバティブ取引（金利、通貨の価格、商品の価格その他の指標の数値としてあらかじめ当事者間で約定された数値と将来の一定の時期における現実の当該指標の数値との差に基づいて算出される金銭の授受を約する取引又はこれに類似する取引であつて、財務省令で定めるものをいう。以下この条において同じ。）を行つた場合において…
Open this provision(Inclusion of the Amount Equivalent to Profits or Losses on Derivative Transactions in Gross Profits or Deductible Expenses)
In the case where a domestic corporation transfers a contract pertaining to derivative transactions (excluding forward exchange transactions, etc.) to a succeeding corporation in a company split…
内国法人が適格分割、適格現物出資又は適格現物分配（適格現物分配にあつては、残余財産の全部の分配を除く。以下この項において「適格分割等」という。）により分割承継法人、被現物出資法人又は被現物分配法人にデリバティブ取引（為替予約取引等を除く。）に係る契約を移転する場合には…
Open this provision(Inclusion of the Amount Equivalent to Profits or Losses on Derivative Transactions in Gross Profits or Deductible Expenses)
In the case where a domestic corporation has acquired assets other than monies based on a contract for derivative transactions…
内国法人がデリバティブ取引に係る契約に基づき金銭以外の資産を取得した場合（次条第一項の規定の適用を受けるデリバティブ取引に係る契約に基づき当該資産を取得した場合を除く。）には、その取得の時における当該資産の価額とその取得の基因となつたデリバティブ取引に係る契約に基づき当該資産の取得の対価として支払つた金額との差額は…
Open this provision(Deferment of Profit or Loss by Deferred Hedge Accounting)
In the case where a domestic corporation has conducted derivative transactions, etc. so as to decrease the net operating loss listed as follows…
内国法人が次に掲げる損失の額（以下この条において「ヘッジ対象資産等損失額」という。）を減少させるためにデリバティブ取引等を行つた場合（次条第一項の規定の適用がある場合を除くものとし、当該デリバティブ取引等が当該ヘッジ対象資産等損失額を減少させるために行つたものである旨その他財務省令で定める事項を財務省令で定めるところ…
Open this provision(Conversion of Transactions in a Foreign Currency)
In the case where a domestic corporation has determined the amount in Japanese yen of the assets or liabilities that have been acquired or have arisen from transactions in a foreign currency…
内国法人が先物外国為替契約等（外貨建取引によつて取得し、又は発生する資産又は負債の金額の円換算額を確定させる契約として財務省令で定めるものをいう。以下この目において同じ。）により外貨建取引（第六十一条第三項（短期売買商品等の譲渡損益及び時価評価損益）に規定する短期売買商品等又は第六十一条の三第一項第一号（売買目的有価…
Open this provisiondomestic corporation
「内国法人」
A corporation whose head office or principal office is in Japan.
Defined inArticle 2, paragraph (1), item (iii)· applies throughout the law
succeeding corporation in a company splitmachine translation
「分割承継法人」
A corporation that receives assets or liabilities from a splitting corporation (分割法人) in a company split.
Defined inArticle 2, paragraph (1), item (xii-3)· applies throughout the law
corporation receiving a capital contribution in kind
「被現物出資法人」
A corporation that received assets, or assets together with liabilities, from a corporation making a capital contribution in kind (現物出資法人) by a capital contribution in kind (現物出資).
Defined inArticle 2, paragraph (1), item (xii-5)· applies throughout the law
corporation receiving a distribution in kindmachine translation
「被現物分配法人」
A corporation that received assets from a corporation making a distribution in kind (現物分配法人) by a distribution in kind (現物分配).
Defined inArticle 2, paragraph (1), item (xii-5-3)· applies throughout the law
qualified company splitmachine translation
「適格分割」
A company split (分割) of one of the kinds Article 2, item (xii)-11 lists — such as one between corporations in a full controlling interest (完全支配関係) or similar relationship, one between corporations in a controlling interest (支配関係) in which the split business's main assets, employees and operations carry over, one for running a business jointly, or one to run a business independently in a new corporation — in which nothing but shares of the succeeding corporation or of its wholly owning parent is given as consideration, and, in a company split by split-off (分割型分割), the shares are given in proportion to the shareholdings in the splitting corporation.
Defined inArticle 2, paragraph (1), item (xii-11)· applies throughout the law
qualified capital contribution in kindmachine translation
「適格現物出資」
A capital contribution in kind (現物出資) of one of the kinds Article 2, item (xii)-14 lists — such as one between corporations in a full controlling interest (完全支配関係) or similar relationship, one between corporations in a controlling interest (支配関係) in which the main assets, employees and business carry over, or one for running a business jointly — other than contributions the item excludes, such as moving real estate in Japan or other domestic assets to a foreign corporation.
Defined inArticle 2, paragraph (1), item (xii-14)· applies throughout the law
qualified in-kind distributionmachine translation
「適格現物分配」
A distribution in kind (現物分配) by a domestic corporation in which the only recipients of the assets are domestic ordinary corporations (普通法人) or cooperatives (協同組合等) that were in a full controlling interest (完全支配関係) with it immediately before the distribution.
Defined inArticle 2, paragraph (1), item (xii-15)· applies throughout the law
business yearmachine translation
「事業年度」
In this Act, the period that is the unit for calculating a corporation's assets and profits and losses — its accounting period (会計期間) set by law or by its articles of incorporation or similar rules (定款等), or, where none is set, the period it notified to the district tax office, the one the office designated or the one Article 13, paragraph (4) provides — divided into one-year periods from its first day where it is longer than a year.
Defined inArticle 13, paragraph (1)· applies throughout the law
deemed settlement profit or lossmachine translation
「みなし決済損益額」
The profit or loss worked out, as a Ministry of Finance Order (財務省令) sets, by treating as settled at the end of a business year a transaction still unsettled then — in Article 61, paragraph (7) a margin trade in cryptoassets (暗号資産信用取引), in Article 61-4, paragraph (1) a short sale, margin or when-issued transaction or underwriting of securities, and in Article 61-5, paragraph (1) a derivative transaction (デリバティブ取引) other than those it leaves out — which is counted in gross profits or deductible expenses for that year.
Short name set inArticle 61-5, paragraph (1)· applies only in this provision and in Article 61-5, paragraph (2)
derivative transactionmachine translation
「デリバティブ取引」
A transaction, of a kind a Ministry of Finance Order (財務省令) sets, in which the parties promise to pay or receive money worked out from the difference between the value of an index — an interest rate, a currency's price, a commodity's price or the like — that they agreed in advance and that index's actual value at a set time in the future, or a transaction similar to it.
Defined inArticle 61-5, paragraph (1)· applies only in this article
unsettled derivative transactionmachine translation
「未決済デリバティブ取引」
In Article 61-5, paragraph (1), a derivative transaction (デリバティブ取引) of a domestic corporation not yet settled at the end of a business year, other than one based on a foreign exchange futures contract, etc. (先物外国為替契約等) to which Article 61-8, paragraph (2) applies and other transactions a Ministry of Finance Order (財務省令) specifies (為替予約取引等).
Short name set inArticle 61-5, paragraph (1)· applies only in this paragraph
forward exchange transaction, etc.machine translation
「為替予約取引等」
In Article 61-5, paragraphs (1) and (2), a transaction based on a foreign exchange futures contract, etc. (先物外国為替契約等) where Article 61-8, paragraph (2) applies, and other transactions a Ministry of Finance Order (財務省令) specifies.
Short name set inArticle 61-5, paragraph (1)· applies only in this provision and in Article 61-5, paragraph (2)
qualified company split, etc.machine translation
「適格分割等」
In Article 61-5(2), a qualified company split (適格分割), qualified capital contribution in kind (適格現物出資) or qualified in-kind distribution (適格現物分配), but not a qualified in-kind distribution of all residual assets (残余財産).
Short name set inArticle 61-5, paragraph (2)· applies only in this paragraph
foreign exchange futures contract, etc.machine translation
「先物外国為替契約等」
In the division of rules on transactions in a foreign currency that begins at Article 61-8, a contract, of a kind a Ministry of Finance Order (財務省令) specifies, that fixes the yen equivalent (円換算額) of assets or liabilities acquired or arising through a transaction in a foreign currency (外貨建取引).
Defined inArticle 61-8, paragraph (2)· applies only in this division