If a stock company carries out the acts set forth in any of the following items, if the sum of the amounts set forth in Article 461, paragraph (2), items (iii), (iv) and (vi) when approval under Article 438, paragraph (2) (or, in cases provided for in the first sentence of Article 439, approval under Article 436, paragraph (3)) is obtained with respect to the financial statements for the business year that contains the day on which relevant act is carried out (or, if the business year immediately preceding relevant business year is not the most recent business year, the business year immediately preceding the business year) exceeds the amount set forth in item (i) of that paragraph, the executives who performed duties in relation to the acts set forth in each relevant item are jointly and severally liable to relevant stock company for payment of the excess amount (or, if relevant excess amount exceeds the amount set forth in each relevant item, the amount set forth in each relevant item); provided, however, that this does not apply if relevant executives prove that they did not fail to exercise due care with respect to the performance of their duties:
株式会社が次の各号に掲げる行為をした場合において、当該行為をした日の属する事業年度（その事業年度の直前の事業年度が最終事業年度でないときは、その事業年度の直前の事業年度）に係る計算書類につき第四百三十八条第二項の承認（第四百三十九条前段に規定する場合にあっては、第四百三十六条第三項の承認）を受けた時における第四百六十一条第二項第三号、第四号及び第六号に掲げる額の合計額が同項第一号に掲げる額を超えるときは、当該各号に掲げる行為に関する職務を行った業務執行者は、当該株式会社に対し、連帯して、その超過額（当該超過額が当該各号に定める額を超える場合にあっては、当該各号に定める額）を支払う義務を負う。ただし、当該業務執行者がその職務を行うについて注意を怠らなかったことを証明した場合は、この限りでない。
the purchase of shares of relevant stock company in response to a demand under Article 138, item (i), (c) or item (ii), (c) of the same Article:the total book value of the monies, etc. delivered to shareholders as a result of the purchase of relevant shares;
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 156, paragraph (1) (limited to acquisitions of shares by relevant stock company in cases provided for in Article 163 or Article 165, paragraph (1)):the total book value of the monies, etc. delivered to shareholders as a result of the acquisition of relevant shares;
the acquisition of shares of relevant stock company based on a decision pursuant to the provisions of Article 157, paragraph (1):the total book value of the monies, etc. delivered to shareholders as a result of the acquisition of relevant shares;
the acquisition of shares of relevant stock company pursuant to the provisions of Article 167, paragraph (1):the total book value of the monies, etc. delivered to shareholders as a result of the acquisition of relevant shares;
the acquisition of shares of relevant stock company pursuant to the provisions of Article 170, paragraph (1):the total book value of the monies, etc. delivered to shareholders as a result of the acquisition of relevant shares;
the acquisition of shares of relevant stock company pursuant to the provisions of Article 173, paragraph (1):the total book value of the monies, etc. delivered to shareholders as a result of the acquisition of relevant shares;
the purchase of shares of relevant stock company based on a demand pursuant to the provisions of Article 176, paragraph (1):the total book value of the monies, etc. delivered to shareholders as a result of the purchase of relevant shares;
the purchase of shares of relevant stock company pursuant to the provisions of Article 197, paragraph (3):the total book value of the monies, etc. delivered to shareholders as a result of the purchase of relevant shares;
the purchase of shares of relevant stock company pursuant to the provisions set forth in the following (a) or (b): the total book value of the monies, etc. delivered to the persons specified in the relevant (a) or (b) as a result of the purchase of relevant shares:
次のイ又はロに掲げる規定による当該株式会社の株式の買取り 当該株式の買取りにより当該イ又はロに定める者に対して交付した金銭等の帳簿価額の総額
Article 234, paragraph (4):the persons specified in each of those items of paragraph (1) of the same Article;
第二百三十四条第四項 同条第一項各号に定める者
Article 234, paragraph (4) applied mutatis mutandis pursuant to Article 235, paragraph (2):the shareholders;
第二百三十五条第二項において準用する第二百三十四条第四項 株主
distribution of dividends of surplus (excluding those set forth in (a) through (c) below): the sum of the amounts set forth in Article 446, item (vi), (a) through (c) with respect to relevant distribution of dividend of surplus:
剰余金の配当（次のイからハまでに掲げるものを除く。） 当該剰余金の配当についての第四百四十六条第六号イからハまでに掲げる額の合計額
distribution of dividends of surplus if the matters set forth in each item of Article 454, paragraph (1) are decided at an annual shareholders meeting (or, in cases provided for in the first sentence of Article 439, an annual shareholders meeting or a board of directors meeting under Article 436, paragraph (3));
定時株主総会（第四百三十九条前段に規定する場合にあっては、定時株主総会又は第四百三十六条第三項の取締役会）において第四百五十四条第一項各号に掲げる事項を定める場合における剰余金の配当
distribution of dividends of surplus if the matters set forth in each item of Article 454, paragraph (1) are decided at a shareholders meeting for the purpose of deciding the matters set forth in each item of Article 447, paragraph (1) (limited to the cases where the amount under item (i) of that paragraph (or, if there are monies to be paid to shareholders of disqualified shares pursuant to the provisions of Article 456, the aggregate amount thereof) does not exceed the amount under Article 447, paragraph (1), item (i) and there are no provisions with respect to the matters set forth in item (ii) of that paragraph);
第四百四十七条第一項各号に掲げる事項を定めるための株主総会において第四百五十四条第一項各号に掲げる事項を定める場合（同項第一号の額（第四百五十六条の規定により基準未満株式の株主に支払う金銭があるときは、その額を合算した額）が第四百四十七条第一項第一号の額を超えない場合であって、同項第二号に掲げる事項についての定めがない場合に限る。）における剰余金の配当
distribution of dividends of surplus if the matters set forth in each item of Article 454, paragraph (1) are decided at a shareholders meeting for the purpose of deciding the matters set forth in each item of Article 448, paragraph (1) (limited to the cases where the amount under item (i) of that paragraph (or, if there are monies to be paid to shareholders of disqualified shares pursuant to the provisions of Article 456, the aggregate amount thereof) does not exceed the amount under Article 448, paragraph (1), item (i) and there are no provisions with respect to the matters set forth in item (ii) of that paragraph).
第四百四十八条第一項各号に掲げる事項を定めるための株主総会において第四百五十四条第一項各号に掲げる事項を定める場合（同項第一号の額（第四百五十六条の規定により基準未満株式の株主に支払う金銭があるときは、その額を合算した額）が第四百四十八条第一項第一号の額を超えない場合であって、同項第二号に掲げる事項についての定めがない場合に限る。）における剰余金の配当
Exemption from the obligations under the preceding paragraph may not be given without the consent of all shareholders.
前項の義務は、総株主の同意がなければ、免除することができない。
Read this with the articles around it
(Method for Requests for Approval of Transfer)
requests pursuant to the provisions of Article 136: the following matters:
第百三十六条の規定による請求 次に掲げる事項
Open this provision(Method for Requests for Approval of Transfer)
the request pursuant to the provisions of paragraph (1) of the preceding Article: the following matters:
前条第一項の規定による請求 次に掲げる事項
Open this provision(Determination of Matters Regarding Acquisition of Shares)
A stock company must prescribe the following matters by a resolution at a shareholders meeting in advance in order to acquire for value own shares by agreement with its shareholders; provided…
株式会社が株主との合意により当該株式会社の株式を有償で取得するには、あらかじめ、株主総会の決議によって、次に掲げる事項を定めなければならない。ただし、第三号の期間は、一年を超えることができない。
Open this provision(Determination of Acquisition Price)
Whenever a stock company intends to acquire its shares in accordance with a determination pursuant to the provisions of paragraph (1) of the preceding Article, it must prescribe the following matters:
株式会社は、前条第一項の規定による決定に従い株式を取得しようとするときは、その都度、次に掲げる事項を定めなければならない。
Open this provision(Acquisition of Shares from Subsidiary Companies)
If a stock company acquires shares in relevant stock company that are held by its subsidiary company, for the purpose of the application of the provisions of Article 156, paragraph (1)…
株式会社がその子会社の有する当該株式会社の株式を取得する場合における第百五十六条第一項の規定の適用については、同項中「株主総会」とあるのは、「株主総会（取締役会設置会社にあっては、取締役会）」とする。この場合においては、第百五十七条から第百六十条までの規定は、適用しない。
Open this provisionThe provisions of Article 157 through Article 160 do not apply if a stock company acquires shares in relevant stock company through transactions undertaken by that stock company in the market or…
第百五十七条から第百六十条までの規定は、株式会社が市場において行う取引又は金融商品取引法第二十七条の二第六項に規定する公開買付けの方法（以下この条において「市場取引等」という。）により当該株式会社の株式を取得する場合には、適用しない。
Open this provision(Effectuation)
A stock company acquires the shares with put options relating to a demand pursuant to the provisions of paragraph (1) of the preceding Article on the day of relevant demand.
株式会社は、前条第一項の規定による請求の日に、その請求に係る取得請求権付株式を取得する。
Open this provision(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(Demand for Sale)
If a stock company determines the matters set forth in each item of paragraph (1) of the preceding Article, it may demand that the persons under item (ii) of that paragraph sell the shares under item…
株式会社は、前条第一項各号に掲げる事項を定めたときは、同項第二号の者に対し、同項第一号の株式を当該株式会社に売り渡すことを請求することができる。ただし、当該株式会社が相続その他の一般承継があったことを知った日から一年を経過したときは、この限りでない。
Open this provision(Auction of Shares)
The stock company may purchase some or all of the shares sold under the provisions of the preceding paragraph. In these cases, the stock company must prescribe the following matters:
株式会社は、前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)
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)
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 provisionThe provisions of paragraphs (2) through (5) of the preceding Article apply mutatis mutandis to the cases provided for in the preceding paragraph.
前条第二項から第五項までの規定は、前項の場合について準用する。
Open this provision(Audit of Financial Statements)
At companies with board of directors, the financial statements, business reports, and annexed detailed statements accompanying them which are referred to in paragraph (2) of the preceding Article…
取締役会設置会社においては、前条第二項の計算書類及び事業報告並びにこれらの附属明細書（第一項又は前項の規定の適用がある場合にあっては、第一項又は前項の監査を受けたもの）は、取締役会の承認を受けなければならない。
Open this provision(Provision of Financial Statements to Annual Shareholders Meetings)
Financial statements that have been submitted or provided pursuant to the provisions of the preceding paragraph must be approved by the annual shareholders meeting.
前項の規定により提出され、又は提供された計算書類は、定時株主総会の承認を受けなければならない。
Open this provision(Special Provisions on Companies with Financial Auditors)
With respect to companies with financial auditor, if the financial statements that have been approved pursuant to Article 436, paragraph (3) satisfy the requirements prescribed by Ministry of Justice…
会計監査人設置会社については、第四百三十六条第三項の承認を受けた計算書類が法令及び定款に従い株式会社の財産及び損益の状況を正しく表示しているものとして法務省令で定める要件に該当する場合には、前条第二項の規定は、適用しない。この場合においては、取締役は、当該計算書類の内容を定時株主総会に報告しなければならない。
Open this provision(Amounts of Surplus)
the sum of the following amounts if dividend of surplus is paid after the last day of the most recent business year:
最終事業年度の末日後に剰余金の配当をした場合における次に掲げる額の合計額
Open this provision(Reductions in Amount of Stated Capital)
A stock company may reduce the amount of its stated capital. In these cases, the following matters must be decided by a resolution at a shareholders meeting:
株式会社は、資本金の額を減少することができる。この場合においては、株主総会の決議によって、次に掲げる事項を定めなければならない。
Open this provision(Reductions in Amount of Stated Capital)
the amount by which the stated capital is reduced;
減少する資本金の額
Open this provision(Reductions in Amount of Stated Capital)
if all or part of the amount by which the stated capital is reduced is to be appropriated to reserves, a statement to that effect and the amount to be appropriated to reserves;
減少する資本金の額の全部又は一部を準備金とするときは、その旨及び準備金とする額
Open this provision(Reductions in Amount of Reserves)
A stock company may reduce the amount of its reserves. In these cases, the following matters must be decided by a resolution at a shareholders meeting:
株式会社は、準備金の額を減少することができる。この場合においては、株主総会の決議によって、次に掲げる事項を定めなければならない。
Open this provision(Reductions in Amount of Reserves)
the amount by which the reserves are reduced;
減少する準備金の額
Open this provision(Reductions in Amount of Reserves)
if all or part of the amount by which the reserves are reduced is to be appropriated to the stated capital, a statement to that effect and the amount to be appropriated to the stated capital;
減少する準備金の額の全部又は一部を資本金とするときは、その旨及び資本金とする額
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
Whenever a stock company intends to distribute dividends of surplus pursuant to the provisions of the preceding Article, it must specify the following matters by a resolution at a shareholders…
株式会社は、前条の規定による剰余金の配当をしようとするときは、その都度、株主総会の決議によって、次に掲げる事項を定めなければならない。
Open this provision(Decisions on Matters Regarding Dividends of Surplus)
the kind and total book value of the dividend property (excluding the shares, etc. of relevant stock company);
配当財産の種類（当該株式会社の株式等を除く。）及び帳簿価額の総額
Open this provision(Treatment Where Minimum Number of Shares Is Prescribed)
If the number referred to in Article 454, paragraph (4), item (ii) (hereinafter in this Article referred to as "minimum number of shares") is prescribed…
第四百五十四条第四項第二号の数（以下この条において「基準株式数」という。）を定めた場合には、株式会社は、基準株式数に満たない数の株式（以下この条において「基準未満株式」という。）を有する株主に対し…
Open this provision(Restriction on Dividends)
the amount of surplus;
剰余金の額
Open this provision(Restriction on Dividends)
the book value of treasury shares;
自己株式の帳簿価額
Open this provision(Restriction on Dividends)
if treasury shares are disposed of after the last day of the most recent business year, the amount of the value received in exchange for relevant treasury shares;
最終事業年度の末日後に自己株式を処分した場合における当該自己株式の対価の額
Open this provision(Restriction on Dividends)
beyond what is set forth in the preceding three items, the sum of the amounts recorded in each account title prescribed by Ministry of Justice Order.
前三号に掲げるもののほか、法務省令で定める各勘定科目に計上した額の合計額
Open this provision(Liability in Cases of Deficit)
If a stock company carries out the acts set forth in any of the following items, if the sum of the amounts set forth in Article 461, paragraph (2), items (iii)…
株式会社が次の各号に掲げる行為をした場合において、当該行為をした日の属する事業年度（その事業年度の直前の事業年度が最終事業年度でないときは、その事業年度の直前の事業年度）に係る計算書類につき第四百三十八条第二項の承認（第四百三十九条前段に規定する場合にあっては、第四百三十六条第三項の承認）を受けた時における第四百六十…
Open this provisionmost recent business year
「最終事業年度」
The latest business year whose financial statements have been approved, at a shareholders meeting or, where the Act allows it, by the board of directors.
Defined inArticle 2, paragraph (1), item (xxiv)· applies throughout the law
monies, etc.machine translation
「金銭等」
Money and any other property.
Defined inArticle 151, paragraph (1)
financial statements
「計算書類」
The financial statements a stock company must prepare for each business year: the balance sheet, the profit and loss statement and the other statements a Ministry of Justice Order (法務省令) sets as needed to show its assets and its profit and loss.
Defined inArticle 435, paragraph (2)· applies only in this chapter
executives
「業務執行者」
An executive director (or, in a company with nominating committee, etc., an executive officer), or another person named by Ministry of Justice Order (法務省令) as involved in that director's work, who handled a payout to shareholders made beyond the distributable amount and is liable to repay it.
Defined inArticle 462, paragraph (1)· applies only in this section
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.
shareholders meeting
株主総会
The meeting of a stock company's shareholders, and the body through which they decide the company's basic matters. It elects the directors and company auditors (Companies Act, Article 329, paragraph (1)) and changes the articles of incorporation (Article 466). In a company without a board of directors it may decide any matter about the company; in one with a board, only what the Act or the articles of incorporation leave to it (Article 295). An annual shareholders meeting must be called after the end of every business year, and another may be called whenever needed (Article 296). A resolution normally passes by a majority of the votes present, with holders of a majority of the votes entitled to vote attending (Article 309, paragraph (1)).
Written by AI using Companies Act, Arts. 295, 296, 309, 329, 466 as a reference.