If a stock company delivers shares in relevant stock company to the persons specified in each of those items when any act set forth in the items is carried out, if the number of the shares of relevant stock company that must be delivered to that persons includes a fractional share, the stock company must sell the number of shares equivalent to the total sum of the fractional shares by auction (if the total sum includes a fractional share, that fractional share is to be rounded off) and must deliver the proceeds of that auction to relevant persons in proportion to the fractional shares attributed to them:
次の各号に掲げる行為に際して当該各号に定める者に当該株式会社の株式を交付する場合において、その者に対し交付しなければならない当該株式会社の株式の数に一株に満たない端数があるときは、その端数の合計数（その合計数に一に満たない端数がある場合にあっては、これを切り捨てるものとする。）に相当する数の株式を競売し、かつ、その端数に応じてその競売により得られた代金を当該者に交付しなければならない。
the acquisition of shares under the provisions of Article 170, paragraph (1):the shareholders of relevant stock company;
第百七十条第一項の規定による株式の取得 当該株式会社の株主
the acquisition of shares under the provisions of Article 173, paragraph (1):the shareholders of relevant stock company;
第百七十三条第一項の規定による株式の取得 当該株式会社の株主
the allotment of shares without contribution provided for in the provisions of Article 185:the shareholders of relevant stock company;
the acquisition of share options pursuant to the provisions of Article 275, paragraph (1):the holders of the share options provided for in Article 236, paragraph (1), item (vii), (a);
第二百七十五条第一項の規定による新株予約権の取得 第二百三十六条第一項第七号イの新株予約権の新株予約権者
merger (but only if the stock company survives the merger):the shareholders or members of the company disappearing due to the merger;
合併（合併により当該株式会社が存続する場合に限る。） 合併後消滅する会社の株主又は社員
the issuing of shares to be issued at the time of incorporation under merger contracts:the shareholders or members of the company disappearing due to the merger;
the acquisition of all issued shares of another stock company by share exchange:the shareholders of the stock company that effects the share exchange;
the issuing of shares to be issued at the time of incorporation under share transfer plan:the shareholders of the stock company that effects the share transfer plan.
partial share exchange:the person who, in a partial share exchange, transferred the shares or share options, etc. (meaning share options, etc. provided in Article 774-3, paragraph (1), item (vii)) of a subsidiary company resulting from a partial share exchange (meaning a subsidiary company resulting from a partial share exchange provided in Article 774-3, paragraph (1), item (i) ) to a share delivery parent company (meaning a parent company resulting from a partial share exchange provided in that item).
In lieu of sale by auction under the provisions of the preceding paragraph, a stock company may sell shares under that paragraph with a market price in an amount calculated by the method prescribed by Ministry of Justice Order as the market price thereof, and shares under that paragraph without a market price using a method other than auction with the permission of the court. In these cases, if there are two or more directors, the petition for relevant permission must be filed with the consent of all directors.
For the purpose of the application of the provisions of the preceding paragraph if the shares under paragraph (1) are sold, the phrase "of that auction" in paragraph (1) is deemed to be replaced with "of that sale".
A stock company may purchase some or all of the shares sold pursuant to the provisions of paragraph (2). In these cases, the following matters must be prescribed:
株式会社は、第二項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
the number of shares to be purchased (or, for a company with class shares, the classes of the shares and the number of shares for each class); and
買い取る株式の数（種類株式発行会社にあっては、株式の種類及び種類ごとの数）
the total amount of the monies to be delivered in exchange for the purchase of the shares under the preceding item.
前号の株式の買取りをするのと引換えに交付する金銭の総額
A company with board of directors must determine the matters set forth in each item of the preceding paragraph by a resolution of the board of directors meeting.
The provisions of paragraphs (1) through (4) apply mutatis mutandis to cases where bonds or share options of relevant stock company are delivered to the persons specified in each of those items of paragraph (1) when any act set forth in relevant items is carried out.
第一項から第四項までの規定は、第一項各号に掲げる行為に際して当該各号に定める者に当該株式会社の社債又は新株予約権を交付するときについて準用する。
(Effectuation)
A stock company acquires, on the day when the grounds under Article 107, paragraph (2), item (iii), (a) have arisen…
株式会社は、第百七条第二項第三号イの事由が生じた日（同号ハに掲げる事項についての定めがある場合にあっては、第一号に掲げる日又は第二号に掲げる日のいずれか遅い日。次項及び第五項において同じ。）に…
Open this provision(Effectuation)
A stock company acquires shares subject to class-wide call on the acquisition day.
株式会社は、取得日に、全部取得条項付種類株式の全部を取得する。
Open this provision(Allotment of Shares without Contribution)
A stock company may allot the shares of that stock company to shareholders (or, for a company with class shares, shareholders of certain classes) without requiring them to make additional…
株式会社は、株主（種類株式発行会社にあっては、ある種類の種類株主）に対して新たに払込みをさせないで当該株式会社の株式の割当て（以下この款において「株式無償割当て」という。）をすることができる。
Open this provision(Treatment of Fractional Shares)
If a stock company delivers shares in relevant stock company to the persons specified in each of those items when any act set forth in the items is carried out…
次の各号に掲げる行為に際して当該各号に定める者に当該株式会社の株式を交付する場合において、その者に対し交付しなければならない当該株式会社の株式の数に一株に満たない端数があるときは、その端数の合計数（その合計数に一に満たない端数がある場合にあっては、これを切り捨てるものとする。）に相当する数の株式を競売し、かつ…
Open this provision(Treatment of Fractional Shares)
In lieu of sale by auction under the provisions of the preceding paragraph, a stock company may sell shares under that paragraph with a market price in an amount calculated by the method prescribed…
株式会社は、前項の規定による競売に代えて、市場価格のある同項の株式については市場価格として法務省令で定める方法により算定される額をもって、市場価格のない同項の株式については裁判所の許可を得て競売以外の方法により、これを売却することができる。
Open this provision(Treatment of Fractional Shares)
For the purpose of the application of the provisions of the preceding paragraph if the shares under paragraph (1) are sold, the phrase "of that auction" in paragraph (1) is deemed to be replaced with…
前項の規定により第一項の株式を売却した場合における同項の規定の適用については、同項中「競売により」とあるのは、「売却により」とする。
Open this provision(Treatment of Fractional Shares)
A stock company may purchase some or all of the shares sold pursuant to the provisions of paragraph (2). In these cases, the following matters must be prescribed:
株式会社は、第二項の規定により売却する株式の全部又は一部を買い取ることができる。この場合においては、次に掲げる事項を定めなければならない。
Open this provision(Treatment of Fractional Shares)
the number of shares to be purchased (or, for a company with class shares, the classes of the shares and the number of shares for each class); and
買い取る株式の数（種類株式発行会社にあっては、株式の種類及び種類ごとの数）
Open this provision(Features of Share Option)
if it is arranged that relevant stock company may acquire relevant share options on condition of certain grounds arising, the following matters:
当該新株予約権について、当該株式会社が一定の事由が生じたことを条件としてこれを取得することができることとするときは、次に掲げる事項
Open this provision(Effectuation)
A stock company acquires, on the day when the grounds under Article 236, paragraph (1), item (vii), (a) have arisen…
株式会社は、第二百三十六条第一項第七号イの事由が生じた日（同号ハに掲げる事項についての定めがある場合にあっては、第一号に掲げる日又は第二号に掲げる日のいずれか遅い日。次項及び第三項において同じ。）に…
Open this provision(Partial Share Exchange Plans)
the trade name and address of the subsidiary company resulting from a partial share exchange; (meaning the stock company that issued the shares to be acquired by the parent company resulting from a…
株式交付子会社（株式交付親会社（株式交付をする株式会社をいう。以下同じ。）が株式交付に際して譲り受ける株式を発行する株式会社をいう。以下同じ。）の商号及び住所
Open this provision(Partial Share Exchange Plans)
if the parent company resulting from a partial share exchange is to acquire share options of the subsidiary company resulting from a partial share exchange…
株式交付親会社が株式交付に際して株式交付子会社の株式と併せて株式交付子会社の新株予約権（新株予約権付社債に付されたものを除く。）又は新株予約権付社債（以下「新株予約権等」と総称する。）を譲り受けるときは、当該新株予約権等の内容及び数又はその算定方法
Open this provisioncompany
「会社」
Any of the four kinds of company this Act governs: a stock company (株式会社), a general partnership company (合名会社), a limited partnership company (合資会社) or a limited liability company (合同会社).
Defined inArticle 2, paragraph (1), item (i)· applies throughout the law
company with board of directors
「取締役会設置会社」
A stock company that has a board of directors, or that this Act requires to have one.
Defined inArticle 2, paragraph (1), item (vii)· applies throughout the law
company with class shares
「種類株式発行会社」
A stock company that issues two or more classes of shares with different terms on the matters listed in Article 108, paragraph (1), such as dividends of surplus or voting rights.
Defined inArticle 2, paragraph (1), item (xiii)· applies throughout the law
share option
「新株予約権」
A right that entitles its holder, by exercising it against a stock company, to receive shares of that company.
Defined inArticle 2, paragraph (1), item (xxi)· applies throughout the law
bond
「社債」
A money claim against a company, arising from an allotment the company makes under this Act, that is to be repaid according to the terms set under Article 676.
Defined inArticle 2, paragraph (1), item (xxiii)· applies throughout the law
share exchange
「株式交換」
A stock company's having all of its issued shares acquired by another existing stock company or limited liability company, which becomes its sole owner.
Defined inArticle 2, paragraph (1), item (xxxi)· applies throughout the law
issued shares
「発行済株式」
The shares a stock company has issued.
Defined inArticle 2, paragraph (1), item (xxxi)
share transfer
「株式移転」
One or more stock companies having all of their issued shares acquired by a newly formed stock company, which becomes their sole owner.
Defined inArticle 2, paragraph (1), item (xxxii)· applies throughout the law
partial share exchange
「株式交付」
A stock company's acquiring shares of another stock company to make it a subsidiary, handing its own shares to the sellers in exchange; unlike a share exchange, it need not acquire all of them.
Defined inArticle 2, paragraph (1), item (xxxii-2)· applies throughout the law
shares issued at incorporationmachine translation
「設立時発行株式」
The shares a stock company issues when it is formed.
Defined inArticle 25, paragraph (1), item (i)
allotment of shares without contribution
「株式無償割当て」
A stock company's allotting its own shares to its shareholders without asking them to pay anything.
Short name set inArticle 185, paragraph (1)· applies only in this subsection
subsidiary company resulting from a partial share exchangemachine translation
「株式交付子会社」
The stock company whose shares a parent company acquires in a partial share exchange.
Defined inArticle 774-3, paragraph (1), item (i)
parent company resulting from a partial share exchangemachine translation
「株式交付親会社」
The stock company that carries out a partial share exchange, acquiring another stock company's shares in exchange for its own.
Defined inArticle 774-3, paragraph (1), item (i)
share options, etc.
「新株予約権等」
The share options and bonds with share options of the subsidiary in a partial share exchange (where one company pays with its own shares to make another its subsidiary), which the parent company may acquire along with the subsidiary's shares.
Short name set inArticle 774-3, paragraph (1), item (vii)
board of directors
取締役会
The body made up of all of a stock company's directors (Companies Act, Article 362, paragraph (1)). It decides how the company's business is carried out, supervises the directors, and appoints and removes the representative directors (代表取締役) (Article 362, paragraphs (2) and (3)) — except in a company with a nominating committee and the other committees (指名委員会等設置会社), where it appoints representative executive officers (代表執行役) instead (Articles 416 and 420). Some decisions, such as disposing of important assets or borrowing a large amount, it normally may not hand to the directors (Article 362, paragraph (4)). A company with an audit and supervisory committee (監査等委員会設置会社) can hand more of them to directors (Article 399-13, paragraphs (5) and (6)), and a company with the committees hands them to executive officers (執行役) rather than directors (Article 416, paragraphs (3) and (4)). A company chooses in its articles of incorporation whether to have one (Article 326, paragraph (2)), but a public company (公開会社), among others, must (Article 327, paragraph (1)): a public company is one whose articles of incorporation let at least some of its shares change hands without the company's approval (Article 2, item (v)). A company with a board must have at least three directors (Article 331, paragraph (5)).
Written by AI using Companies Act, Arts. 2, 326, 327, 331, 362, 399-13, 416, 420 as a reference.
director
取締役
An officer of a stock company, elected by the shareholders meeting (Companies Act, Article 329, paragraph (1)). Every stock company has at least one (Article 326, paragraph (1)). Where there is no board of directors, the directors run the company's business unless the articles of incorporation say otherwise (Article 348, paragraph (1)), and each of them represents it unless the company has chosen representative directors (代表取締役) or others to do that (Article 349, paragraphs (1) and (3)). Where there is a board (取締役会, board of directors), the directors are its members, and the board decides the business and normally chooses the representative directors from among them (Article 362). The term normally runs to the annual shareholders meeting for the last business year ending within two years of election (Article 332, paragraph (1)).
Written by AI using Companies Act, Arts. 326, 329, 332, 348, 349, 362 as a reference.