A share certificate-issuing company must, without delay after the day of a share issue, issue share certificates representing those shares.
株券発行会社は、株式を発行した日以後遅滞なく、当該株式に係る株券を発行しなければならない。
If a share certificate-issuing company consolidates shares, it must issue share certificates representing those consolidated shares without delay after the day provided for in Article 180, paragraph (2), item (ii).
株券発行会社は、株式の併合をしたときは、第百八十条第二項第二号の日以後遅滞なく、併合した株式に係る株券を発行しなければならない。
If a share certificate-issuing company splits shares, it must issue share certificates representing those split shares (excluding those which have been already issued) without delay after the day provided for in Article 183, paragraph (2), item (ii).
株券発行会社は、株式の分割をしたときは、第百八十三条第二項第二号の日以後遅滞なく、分割した株式に係る株券（既に発行されているものを除く。）を発行しなければならない。
Notwithstanding the provisions of the preceding three paragraphs, a share certificate-issuing company that is not a public company may elect to not deliver share certificates under those paragraphs until shareholders so request.
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public company
「公開会社」
A stock company whose articles of incorporation do not require the company's approval for transfers of at least some of its shares; it need not be listed on a stock exchange.
Defined inArticle 2, paragraph (1), item (v)· applies throughout the law
share certificate-issuing company
「株券発行会社」
A stock company whose articles of incorporation provide that it issues share certificates for its shares (for a company with class shares, for shares of every class).
Defined inArticle 117, paragraph (7)