# 会社法 / Companies Act — 第百九十三条 (Article 193) - Law: 会社法 (Companies Act), 平成十七年法律第八十六号 - English title "Companies Act": Ministry of Justice translation - Kind: Act — the distinction between 法律 (Act), 政令 (Cabinet Order), 省令 (Ministerial Order) and 条例 (local ordinance) decides who may issue it and what it may say. - Provision: 第百九十三条 (Article 193)（単元未満株式の価格の決定） — address `art-193` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-193 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-193 - Every provision below carries its address and both URLs on the line under it. - Japanese text: e-Gov 法令検索, Digital Agency (デジタル庁). English: as marked on each line below. Only the Japanese as published by the government has legal effect; the text below is a copy of it. Every English rendering below is a translation and says which kind: the Ministry of Justice's translation, or this site's machine translation, whose model and date the Sources list names. They are never merged and never substituted for one another. --- ### 第百九十三条（単元未満株式の価格の決定） — (Determination of Price of Shares Less than One Unit) caption: Ministry of Justice translation — Japanese Law Translation Database System art-193 · https://japanlaw.org/en/companies-act/art-193 · https://japanlaw.org/l/417AC0000000086/art-193 **第一項** 前条第一項の規定による請求があった場合には、次の各号に掲げる場合の区分に応じ、当該各号に定める額をもって当該請求に係る単元未満株式の価格とする。 art-193/par-1 · https://japanlaw.org/en/companies-act/art-193/par-1 · https://japanlaw.org/l/417AC0000000086/art-193/par-1 If the demand pursuant to the provisions of paragraph (1) of the preceding Article is made, the amount provided for in each of the following items in accordance with the categories of the cases set forth in relevant items is to be the price of the shares less than one unit relating to relevant demand: Ministry of Justice translation — Japanese Law Translation Database System **一** 当該単元未満株式が市場価格のある株式である場合　当該単元未満株式の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 art-193/par-1/item-1 · https://japanlaw.org/en/companies-act/art-193/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-1 if the shares less than one unit are shares with a market price, the amount calculated by the method prescribed by Ministry of Justice Order as the market price of relevant shares less than one unit; Ministry of Justice translation — Japanese Law Translation Database System **二** 前号に掲げる場合以外の場合　株式会社と前条第一項の規定による請求をした単元未満株主との協議によって定める額 art-193/par-1/item-2 · https://japanlaw.org/en/companies-act/art-193/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-2 in cases other than the cases set forth in the preceding item, the amount prescribed through discussions between the stock company and the holder of shares less than one unit who made the demand under the provisions of paragraph (1) of the preceding Article. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項第二号に掲げる場合には、前条第一項の規定による請求をした単元未満株主又は株式会社は、当該請求をした日から二十日以内に、裁判所に対し、価格の決定の申立てをすることができる。 art-193/par-2 · https://japanlaw.org/en/companies-act/art-193/par-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-2 In the cases set forth in item (ii) of the preceding paragraph, the holder of shares less than one unit who made the demand pursuant to the provisions of paragraph (1) of the preceding Article, or the stock company, may file a petition for the court to determine the price within twenty days from the day when relevant demand is made. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 裁判所は、前項の決定をするには、前条第一項の規定による請求の時における株式会社の資産状態その他一切の事情を考慮しなければならない。 art-193/par-3 · https://japanlaw.org/en/companies-act/art-193/par-3 · https://japanlaw.org/l/417AC0000000086/art-193/par-3 In order to make the determination under the preceding paragraph, the court must consider the financial condition of the stock company at the time of the demand pursuant to the provisions of paragraph (1) of the preceding Article and all other circumstances. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第一項の規定にかかわらず、第二項の期間内に同項の申立てがあったときは、当該申立てにより裁判所が定めた額をもって当該単元未満株式の価格とする。 art-193/par-4 · https://japanlaw.org/en/companies-act/art-193/par-4 · https://japanlaw.org/l/417AC0000000086/art-193/par-4 Notwithstanding the provisions of paragraph (1), if petition is filed under paragraph (2) within the period provided for in that paragraph, the amount determined by the court in response to relevant petition is to be the price of the shares less than one unit. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第一項の規定にかかわらず、同項第二号に掲げる場合において、第二項の期間内に同項の申立てがないとき（当該期間内に第一項第二号の協議が調った場合を除く。）は、一株当たり純資産額に前条第一項の規定による請求に係る単元未満株式の数を乗じて得た額をもって当該単元未満株式の価格とする。 art-193/par-5 · https://japanlaw.org/en/companies-act/art-193/par-5 · https://japanlaw.org/l/417AC0000000086/art-193/par-5 Notwithstanding the provisions of paragraph (1), in the cases set forth in item (ii) of that paragraph, if no petition is filed under paragraph (2) within the period provided for in that paragraph (except if the discussions under paragraph (1), item (ii) are successfully concluded within the period), the sale price of the shares less than one unit is to be the amount obtained by multiplying the amount of the net assets per share by the number of the shares less than one unit related to the demand pursuant to the provisions of paragraph (1) of the preceding Article. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 前条第一項の規定による請求に係る株式の買取りは、当該株式の代金の支払の時に、その効力を生ずる。 art-193/par-6 · https://japanlaw.org/en/companies-act/art-193/par-6 · https://japanlaw.org/l/417AC0000000086/art-193/par-6 The purchase of the shares related to the demand pursuant to the provisions of paragraph (1) of the preceding Article becomes effective as at payment for the shares. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 株券発行会社は、株券が発行されている株式につき前条第一項の規定による請求があったときは、株券と引換えに、その請求に係る株式の代金を支払わなければならない。 art-193/par-7 · https://japanlaw.org/en/companies-act/art-193/par-7 · https://japanlaw.org/l/417AC0000000086/art-193/par-7 If a holder of shares less than one unit makes a demand pursuant to the provisions of paragraph (1) of the preceding Article with respect to shares for which share certificates are issued, the share certificate-issuing company must pay the price of the shares related to the demand in exchange for the share certificates. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-193/par-1: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-1/item-2: 前号 → 会社法 第百九十三条第一項第一号 (Article 193, paragraph (1), item (i)), art-193/par-1/item-1 — https://japanlaw.org/en/companies-act/art-193/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-1 - art-193/par-1/item-2: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-2: 前項第二号 → 会社法 第百九十三条第一項第二号 (Article 193, paragraph (1), item (ii)), art-193/par-1/item-2 — https://japanlaw.org/en/companies-act/art-193/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-2 - art-193/par-2: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-3: 前項 → 会社法 第百九十三条第二項 (Article 193, paragraph (2)), art-193/par-2 — https://japanlaw.org/en/companies-act/art-193/par-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-2 - art-193/par-3: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-4: 第一項 → 会社法 第百九十三条第一項 (Article 193, paragraph (1)), art-193/par-1 — https://japanlaw.org/en/companies-act/art-193/par-1 · https://japanlaw.org/l/417AC0000000086/art-193/par-1 - art-193/par-4: 第二項 → 会社法 第百九十三条第二項 (Article 193, paragraph (2)), art-193/par-2 — https://japanlaw.org/en/companies-act/art-193/par-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-2 - art-193/par-5: 第一項 → 会社法 第百九十三条第一項 (Article 193, paragraph (1)), art-193/par-1 — https://japanlaw.org/en/companies-act/art-193/par-1 · https://japanlaw.org/l/417AC0000000086/art-193/par-1 - art-193/par-5: 同項第二号 → 会社法 第百九十三条第一項第二号 (Article 193, paragraph (1), item (ii)), art-193/par-1/item-2 — https://japanlaw.org/en/companies-act/art-193/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-2 - art-193/par-5: 第二項 → 会社法 第百九十三条第二項 (Article 193, paragraph (2)), art-193/par-2 — https://japanlaw.org/en/companies-act/art-193/par-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-2 - art-193/par-5: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-6: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 - art-193/par-7: 前条第一項 → 会社法 第百九十二条第一項 (Article 192, paragraph (1)), art-192/par-1 — https://japanlaw.org/en/companies-act/art-192/par-1 · https://japanlaw.org/l/417AC0000000086/art-192/par-1 ## Cited by 7 provisions cite this one. No official source publishes this direction. - 会社法 第百九十三条第一項第二号（単元未満株式の価格の決定） — https://japanlaw.org/en/companies-act/art-193/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-1/item-2 - 会社法 第百九十三条第二項（単元未満株式の価格の決定） — https://japanlaw.org/en/companies-act/art-193/par-2 · https://japanlaw.org/l/417AC0000000086/art-193/par-2 - 会社法 第百九十三条第三項（単元未満株式の価格の決定） — https://japanlaw.org/en/companies-act/art-193/par-3 · https://japanlaw.org/l/417AC0000000086/art-193/par-3 - 会社法 第百九十三条第四項（単元未満株式の価格の決定） — https://japanlaw.org/en/companies-act/art-193/par-4 · https://japanlaw.org/l/417AC0000000086/art-193/par-4 - 会社法 第百九十三条第五項（単元未満株式の価格の決定） — https://japanlaw.org/en/companies-act/art-193/par-5 · https://japanlaw.org/l/417AC0000000086/art-193/par-5 - 会社法 第百九十四条第四項 — https://japanlaw.org/en/companies-act/art-194/par-4 · https://japanlaw.org/l/417AC0000000086/art-194/par-4 - 会社法 第八百七十条第二項第二号（陳述の聴取） — https://japanlaw.org/en/companies-act/art-870/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-870/par-2/item-2 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 会社法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/417AC0000000086/20260812_508AC0000000064), retrieved 2026-09-17 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Companies Act — Ministry of Justice translation (part 1 of 2) (https://www.japaneselawtranslation.go.jp/en/laws/view/4481/tb), retrieved 2026-09-17 - This site's parser, version 211 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17