Article 61-7Recording of Valuation Gain or Loss of Securities Not for Buying and Selling by Market Value Hedge Accounting
第六十一条の七（時価ヘッジ処理による売買目的外有価証券の評価益又は評価損の計上）
In the case where a domestic corporation has conducted derivative transactions, etc. (meaning derivative transactions, etc. as prescribed in paragraph (4) of the preceding Article; hereinafter the same applies in this Article) so as to decrease the net operating loss that is likely to arise due to fluctuations in the value of its securities not for buying and selling (meaning securities not for buying and selling as prescribed in Article 61-3, paragraph (1), item (ii) (Inclusion of Valuation Gains or Losses on Securities for Buying and Selling in Gross Profits or Deductible Expenses); hereinafter the same applies in this Article) (such fluctuations exclude those arising due to fluctuations in foreign exchange rates in the value of the securities listed in Article 61-9, paragraph (1), item (ii), (b), which is to be converted into Japanese yen as prescribed in paragraph (1) of the following Article (hereinafter the amount converted into Japanese yen is referred to as the "amount in Japanese yen" in this paragraph) by the conversion method at the current exchange rate prescribed in Article 61-9, paragraph (1), item (i), (b) (Inclusion in Gross Profits or Deductible Expenses of Profits or Losses on the Difference from the Conversion of Assets in a Foreign Currency at the end of the period)) (hereinafter such net operating loss is referred to as the "net operating loss on hedged securities" in this Article), (limited to the case where the domestic corporation has stated, in books and documents, to the effect that the securities not for buying and selling are to be evaluated or converted into the amount in Japanese yen as specified by Cabinet Order, and has entered other matters as specified by Ministry of Finance Order as specified by Ministry of Finance Order; the same applies in the following paragraph), when the securities not for buying and selling have not been transferred during the period from the time of the derivative transactions, etc. to the end of a business year, and when it falls under the case specified by Cabinet Order as a case where the derivative transactions, etc. are deemed to be effective to decrease the net operating loss on hedged securities, the portion of the difference between the value and the book value of the securities not for buying and selling, which has been calculated, as specified by Cabinet Order, as the portion corresponding to the amount of profit or loss prescribed in paragraph (1) of the preceding Article that arises from the derivative transactions, etc. (referred to as the "valuation difference on hedged securities" in the following paragraph), is included in deductible expenses or gross profits, when calculating the amount of income for the business year.
内国法人がその有する売買目的外有価証券（第六十一条の三第一項第二号（売買目的有価証券の評価益又は評価損の益金又は損金算入等）に規定する売買目的外有価証券をいう。以下この条において同じ。）の価額の変動（第六十一条の九第一項第一号ロ（外貨建資産等の期末換算差益又は期末換算差損の益金又は損金算入等）に規定する期末時換算法により次条第一項に規定する円換算額（以下この項において「円換算額」という。）への換算をする第六十一条の九第一項第二号ロに掲げる有価証券の価額の外国為替の売買相場の変動に基因する変動を除く。）により生ずるおそれのある損失の額（以下この条において「ヘッジ対象有価証券損失額」という。）を減少させるためにデリバティブ取引等（前条第四項に規定するデリバティブ取引等をいう。以下この条において同じ。）を行つた場合（当該売買目的外有価証券を政令で定めるところにより評価し、又は円換算額に換算す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により帳簿書類に記載した場合に限る。次項において同じ。）において、当該デリバティブ取引等を行つた時から事業年度終了の時までの間に当該売買目的外有価証券の譲渡がなく、かつ、当該デリバティブ取引等が当該ヘッジ対象有価証券損失額を減少させるために有効であると認められる場合として政令で定める場合に該当するときは、当該売買目的外有価証券の価額と帳簿価額との差額のうち当該デリバティブ取引等に係る前条第一項に規定する利益額又は損失額に対応する部分の金額として政令で定めるところにより計算した金額（次項において「ヘッジ対象有価証券評価差額」という。）は、当該事業年度の所得の金額の計算上、損金の額又は益金の額に算入する。
In the case where a domestic corporation has conducted derivative transactions, etc. so as to decrease the net operating loss on hedged securities, when, 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), it transfers the contract pertaining to the derivative transactions, etc. to a succeeding corporation in a company split or a corporation receiving a capital contribution in kind and, as a result of the qualified company split, etc., transfers securities not for buying and selling (limited to those with which the net operating loss on hedged securities is to be decreased through the derivative transactions, etc.) (in the case where the domestic corporation had settled the derivative transactions, etc. before the qualified company split, etc., when, as a result of the qualified company split, etc., it transfers securities not for buying and selling (limited to those with which the net operating loss on hedged securities was to be decreased through the derivative transactions, etc.)), the amount equivalent to the valuation difference on hedged securities pertaining to the securities not for buying and selling 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 deductible expenses or gross profits, when calculating the amount of income for the business year containing the date of the qualified company split, etc.
内国法人が、ヘッジ対象有価証券損失額を減少させるためにデリバティブ取引等を行つた場合において、適格分割又は適格現物出資（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又は被現物出資法人に当該デリバティブ取引等に係る契約を移転し、かつ、当該適格分割等により売買目的外有価証券（当該デリバティブ取引等によりヘッジ対象有価証券損失額を減少させようとするものに限る。）を移転するとき（当該内国法人が当該適格分割等の前に当該デリバティブ取引等の決済をしていた場合には、当該適格分割等により売買目的外有価証券（当該デリバティブ取引等によりヘッジ対象有価証券損失額を減少させようとしていたものに限る。）を移転するとき）は、当該適格分割等の日の前日を事業年度終了の日とした場合に前項の規定により計算される当該売買目的外有価証券に係るヘッジ対象有価証券評価差額に相当する金額は、当該適格分割等の日の属する事業年度の所得の金額の計算上、損金の額又は益金の額に算入する。
In the case where a domestic corporation has received, as a result of a qualified merger, etc., the transfer of a contract for derivative transactions, etc. that has been conducted so as to decrease the net operating loss on hedged securities from an acquired corporation, etc., and has received, as a result of the qualified merger, etc., the transfer of securities not for buying and selling (limited to those with which the net operating loss on hedged securities is to be decreased through the derivative transactions, etc.) (where an acquired corporation, etc. involved in the qualified merger, etc. subject to the provisions of paragraph (1) or the preceding paragraph had already settled derivative transactions, etc. that it had conducted so as to decrease the net operating loss on hedged securities prior to the qualified merger, etc., in the case where the domestic corporation has received, as a result of the qualified merger, etc., the transfer of securities not for buying and selling (limited to those with which the net operating loss on hedged securities is to be decreased through the derivative transactions, etc.) from the acquired corporation, etc.), when the acquired corporation, etc. has stated, in books and documents, to the effect prescribed in paragraph (1) and has entered other matters as prescribed in the paragraph, regarding the derivative transactions, etc. wherein the contract has been transferred (where the settlement had been made, the derivative transactions, etc. wherein the settlement had been made; hereinafter the same applies in this paragraph), as specified by Ministry of Finance Order as prescribed in the paragraph, with regard to the application of the provisions of this Article in each business year on or after the business year containing the date of the qualified merger, etc., it is deemed that the domestic corporation has conducted the derivative transactions and has made the entry so as to decrease the net operating loss on hedged securities pertaining to the securities not for buying and selling that it has received as a result of the qualified merger, etc.
内国法人が、適格合併等により被合併法人等からヘッジ対象有価証券損失額を減少させるために行つたデリバティブ取引等に係る契約の移転を受け、かつ、当該適格合併等により売買目的外有価証券（当該デリバティブ取引等によりヘッジ対象有価証券損失額を減少させようとするものに限る。）の移転を受けた場合（第一項又は前項の規定の適用を受けた当該適格合併等に係る被合併法人等が当該適格合併等前にヘッジ対象有価証券損失額を減少させるために行つたデリバティブ取引等の決済をしていた場合には、当該適格合併等により当該被合併法人等から売買目的外有価証券（当該デリバティブ取引等によりヘッジ対象有価証券損失額を減少させようとしていたものに限る。）の移転を受けた場合）において、当該被合併法人等が当該契約の移転をしたデリバティブ取引等（当該決済をしていた場合には、当該決済をしたデリバティブ取引等。以下この項において同じ。）につき第一項に規定する旨その他同項に規定する事項を同項に規定する財務省令で定めるところにより帳簿書類に記載していたときは、当該適格合併等の日の属する事業年度以後の各事業年度におけるこの条の規定の適用については、当該内国法人が当該適格合併等により移転を受けた売買目的外有価証券に係るヘッジ対象有価証券損失額を減少させるために当該デリバティブ取引等を行い、かつ、当該記載をしていたものとみなす。
The disposition of the valuation difference on hedged securities 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.