# 会社法 / Companies Act — 第百九十四条 (Article 194) - 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: 第百九十四条 (Article 194) — address `art-194` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-194 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-194 - 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. --- ### 第百九十四条 art-194 · https://japanlaw.org/en/companies-act/art-194 · https://japanlaw.org/l/417AC0000000086/art-194 **第一項** 株式会社は、単元未満株主が当該株式会社に対して単元未満株式売渡請求（単元未満株主が有する単元未満株式の数と併せて単元株式数となる数の株式を当該単元未満株主に売り渡すことを請求することをいう。以下この条において同じ。）をすることができる旨を定款で定めることができる。 art-194/par-1 · https://japanlaw.org/en/companies-act/art-194/par-1 · https://japanlaw.org/l/417AC0000000086/art-194/par-1 A stock company may provide in the articles of incorporation to the effect that a holder of shares less than one unit may submit to relevant stock company a demand for the sale of shares less than one unit (meaning a demand that the stock company sell to a holder of shares less than one unit the number of shares which, together with the number of shares less than one unit held by relevant holder of shares less than one unit, will constitute one share unit; hereinafter the same applies in this Article). Ministry of Justice translation — Japanese Law Translation Database System **第二項** 単元未満株式売渡請求は、当該単元未満株主に売り渡す単元未満株式の数（種類株式発行会社にあっては、単元未満株式の種類及び種類ごとの数）を明らかにしてしなければならない。 art-194/par-2 · https://japanlaw.org/en/companies-act/art-194/par-2 · https://japanlaw.org/l/417AC0000000086/art-194/par-2 Demand for the sale of shares less than one unit must be made by disclosing the number of the shares less than one unit to be sold to relevant holder of shares less than one unit (or, for a company with class shares, the classes of the shares less than one unit and the number of shares for each class). Ministry of Justice translation — Japanese Law Translation Database System **第三項** 単元未満株式売渡請求を受けた株式会社は、当該単元未満株式売渡請求を受けた時に前項の単元未満株式の数に相当する数の株式を有しない場合を除き、自己株式を当該単元未満株主に売り渡さなければならない。 art-194/par-3 · https://japanlaw.org/en/companies-act/art-194/par-3 · https://japanlaw.org/l/417AC0000000086/art-194/par-3 A stock company that is subject to a demand for the sale of shares less than one unit must sell its treasury shares to relevant holders of shares less than one unit, unless the stock company does not hold, at the time of reception of relevant demand for the sale of shares less than one unit, treasury shares in a number corresponding to the number of the shares less than one unit provided for in the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 第百九十二条第三項及び前条第一項から第六項までの規定は、単元未満株式売渡請求について準用する。 art-194/par-4 · https://japanlaw.org/en/companies-act/art-194/par-4 · https://japanlaw.org/l/417AC0000000086/art-194/par-4 The provisions of Article 192, paragraph (3), and paragraph (1) to paragraph (6) of the preceding Article apply mutatis mutandis to demand for the sale of shares less than one unit. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-194/par-1: この条 → 会社法 第百九十四条 (Article 194), art-194 — https://japanlaw.org/en/companies-act/art-194 · https://japanlaw.org/l/417AC0000000086/art-194 - art-194/par-3: 前項 → 会社法 第百九十四条第二項 (Article 194, paragraph (2)), art-194/par-2 — https://japanlaw.org/en/companies-act/art-194/par-2 · https://japanlaw.org/l/417AC0000000086/art-194/par-2 - art-194/par-4: 第百九十二条第三項 → 会社法 第百九十二条第三項 (Article 192, paragraph (3)), art-192/par-3 — https://japanlaw.org/en/companies-act/art-192/par-3 · https://japanlaw.org/l/417AC0000000086/art-192/par-3 - art-194/par-4: 前条第一項から第六項まで → 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-194/par-4: 前条第一項から第六項まで → 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-194/par-4: 前条第一項から第六項まで → 会社法 第百九十三条第三項 (Article 193, paragraph (3)), art-193/par-3 — https://japanlaw.org/en/companies-act/art-193/par-3 · https://japanlaw.org/l/417AC0000000086/art-193/par-3 - art-194/par-4: 前条第一項から第六項まで → 会社法 第百九十三条第四項 (Article 193, paragraph (4)), art-193/par-4 — https://japanlaw.org/en/companies-act/art-193/par-4 · https://japanlaw.org/l/417AC0000000086/art-193/par-4 - art-194/par-4: 前条第一項から第六項まで → 会社法 第百九十三条第五項 (Article 193, paragraph (5)), art-193/par-5 — https://japanlaw.org/en/companies-act/art-193/par-5 · https://japanlaw.org/l/417AC0000000086/art-193/par-5 - art-194/par-4: 前条第一項から第六項まで → 会社法 第百九十三条第六項 (Article 193, paragraph (6)), art-193/par-6 — https://japanlaw.org/en/companies-act/art-193/par-6 · https://japanlaw.org/l/417AC0000000086/art-193/par-6 ## Cited by 3 provisions cite this one. No official source publishes this direction. - 会社法 第百九十四条第一項 — https://japanlaw.org/en/companies-act/art-194/par-1 · https://japanlaw.org/l/417AC0000000086/art-194/par-1 - 会社法 第百九十四条第三項 — https://japanlaw.org/en/companies-act/art-194/par-3 · https://japanlaw.org/l/417AC0000000086/art-194/par-3 - 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