# 会社法 / Companies Act — 第八百十六条の四 (Article 816-4)

- 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: 第八百十六条の四 (Article 816-4)（株式交付計画の承認を要しない場合等） — address `art-816-4`
- Text in force since: 2026-08-12
- URL (the page that opens at this provision): https://japanlaw.org/en/companies-act/art-816-4
- Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-816-4
- 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.

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### 第八百十六条の四（株式交付計画の承認を要しない場合等） — (Cases Where Approval of a Partial Share Exchange Plan Is Not Required)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-816-4 · https://japanlaw.org/en/companies-act/art-816-4 · https://japanlaw.org/l/417AC0000000086/art-816-4</sup>

    **第一項**  前条第一項及び第二項の規定は、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一（これを下回る割合を株式交付親会社の定款で定めた場合にあっては、その割合）を超えない場合には、適用しない。ただし、同項に規定する場合又は株式交付親会社が公開会社でない場合は、この限りでない。
    <sup>art-816-4/par-1 · https://japanlaw.org/en/companies-act/art-816-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1</sup>
    The provisions of paragraphs (1) and (2) of preceding Article do not apply if, the proportion of the amount set forth in item (i) to the amount set forth in item (ii) does not exceed one fifth (or, if any lower proportion is provided for in the articles of incorporation of the parent company resulting from a partial share exchange, that proportion); provided, however, that this does not apply in the cases set forth in that paragraph or the cases where the parent company resulting from a partial share exchange is not a public company:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  次に掲げる額の合計額
      <sup>art-816-4/par-1/item-1 · https://japanlaw.org/en/companies-act/art-816-4/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-1</sup>
      the total of the amounts set forth below:
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **イ**  株式交付子会社の株式及び新株予約権等の譲渡人に対して交付する株式交付親会社の株式の数に一株当たり純資産額を乗じて得た額
        <sup>art-816-4/par-1/item-1/sub-1 · https://japanlaw.org/en/companies-act/art-816-4/par-1/item-1/sub-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-1/sub-1</sup>
        the amount obtained by multiplying the number of shares of the parent company resulting from a partial share exchange to be delivered to resulting from a partial share exchange transferors of shares and share options, etc. of the subsidiary company by the amount of net assets per share;
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **ロ**  株式交付子会社の株式及び新株予約権等の譲渡人に対して交付する株式交付親会社の社債、新株予約権又は新株予約権付社債の帳簿価額の合計額
        <sup>art-816-4/par-1/item-1/sub-2 · https://japanlaw.org/en/companies-act/art-816-4/par-1/item-1/sub-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-1/sub-2</sup>
        the total amount of the book value of bonds, share options or bonds with share options of the parent company resulting from a partial share exchange to be delivered to transferors of shares and share options, etc. of the subsidiary company resulting from a partial share exchange; and
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

        **ハ**  株式交付子会社の株式及び新株予約権等の譲渡人に対して交付する株式交付親会社の株式等以外の財産の帳簿価額の合計額
        <sup>art-816-4/par-1/item-1/sub-3 · https://japanlaw.org/en/companies-act/art-816-4/par-1/item-1/sub-3 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-1/sub-3</sup>
        the total amount of the book value of property other than shares, etc. of the parent company resulting from a partial share exchange to be delivered to transferors of shares and share options, etc. of the subsidiary company resulting from a partial share exchange; and
        <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  株式交付親会社の純資産額として法務省令で定める方法により算定される額
      <sup>art-816-4/par-1/item-2 · https://japanlaw.org/en/companies-act/art-816-4/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-2</sup>
      the amount calculated by the method prescribed by Ministry of Justice Order as the amount of the net assets of the parent company resulting from a partial share exchange.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第二項**  前項本文に規定する場合において、法務省令で定める数の株式（前条第一項の株主総会において議決権を行使することができるものに限る。）を有する株主が第八百十六条の六第三項の規定による通知又は同条第四項の公告の日から二週間以内に株式交付に反対する旨を株式交付親会社に対し通知したときは、当該株式交付親会社は、効力発生日の前日までに、株主総会の決議によって、株式交付計画の承認を受けなければならない。
    <sup>art-816-4/par-2 · https://japanlaw.org/en/companies-act/art-816-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-2</sup>
    In the cases prescribed in the main clause of the preceding paragraph, if shareholders that hold the shares (limited to those that entitle the shareholders to exercise voting rights at a shareholders meeting under paragraph (1) of the preceding Article) in the number prescribed by Ministry of Justice Order notify the parent company resulting from a partial share exchange to the effect that relevant shareholders dissent from relevant partial share exchange , within two weeks from the day of the notice under the provisions of Article 816-6, paragraph (3) or the public notice under paragraph (4) of that Article, relevant parent company resulting from a partial share exchange must obtain the approval of the partial share exchange plan by a resolution at a shareholders meeting no later than the day immediately preceding the effective day.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

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## Cites
- art-816-4/par-1: 前条第一項 → 会社法 第八百十六条の三第一項 (Article 816-3, paragraph (1)), art-816-3/par-1 — https://japanlaw.org/en/companies-act/art-816-3/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-3/par-1
- art-816-4/par-1: 第二項 → 会社法 第八百十六条の三第二項 (Article 816-3, paragraph (2)), art-816-3/par-2 — https://japanlaw.org/en/companies-act/art-816-3/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-3/par-2
- art-816-4/par-1: 第一号 → 会社法 第八百十六条の四第一項第一号 (Article 816-4, paragraph (1), item (i)), art-816-4/par-1/item-1 — https://japanlaw.org/en/companies-act/art-816-4/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-1
- art-816-4/par-1: 第二号 → 会社法 第八百十六条の四第一項第二号 (Article 816-4, paragraph (1), item (ii)), art-816-4/par-1/item-2 — https://japanlaw.org/en/companies-act/art-816-4/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1/item-2
- art-816-4/par-2: 前項 → 会社法 第八百十六条の四第一項 (Article 816-4, paragraph (1)), art-816-4/par-1 — https://japanlaw.org/en/companies-act/art-816-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1
- art-816-4/par-2: 前条第一項 → 会社法 第八百十六条の三第一項 (Article 816-3, paragraph (1)), art-816-3/par-1 — https://japanlaw.org/en/companies-act/art-816-3/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-3/par-1
- art-816-4/par-2: 第八百十六条の六第三項 → 会社法 第八百十六条の六第三項 (Article 816-6, paragraph (3)), art-816-6/par-3 — https://japanlaw.org/en/companies-act/art-816-6/par-3 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-3
- art-816-4/par-2: 同条第四項 → 会社法 第八百十六条の六第四項 (Article 816-6, paragraph (4)), art-816-6/par-4 — https://japanlaw.org/en/companies-act/art-816-6/par-4 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-4

## Cited by

4 provisions cite this one. No official source publishes this direction.

- 会社法 第八百十六条の四第一項（株式交付計画の承認を要しない場合等） — https://japanlaw.org/en/companies-act/art-816-4/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-1
- 会社法 第八百十六条の四第二項（株式交付計画の承認を要しない場合等） — https://japanlaw.org/en/companies-act/art-816-4/par-2 · https://japanlaw.org/l/417AC0000000086/art-816-4/par-2
- 会社法 第八百十六条の五第一項（株式交付をやめることの請求） — https://japanlaw.org/en/companies-act/art-816-5/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-5/par-1
- 会社法 第八百十六条の六第一項（反対株主の株式買取請求） — https://japanlaw.org/en/companies-act/art-816-6/par-1 · https://japanlaw.org/l/417AC0000000086/art-816-6/par-1

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## 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
- Japanese Law Translation Database System, Ministry of Justice (法務省) — Companies Act — Ministry of Justice translation (part 2 of 2) (https://www.japaneselawtranslation.go.jp/en/laws/view/4482/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
