# 会社法 / Companies Act — 第七節 (Part 2, Chapter 2, Section 7)

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- 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: 第七節 (Part 2, Chapter 2, Section 7) — address `pt-2/ch-2/sec-7`
- Text: the text as amended with effect from 2027-12-05 (On the day Act No. 56 of 2025 (譲渡担保契約及び所有権留保契約に関する法律) comes into force. The exact day is not fixed yet.), standing until 2028-06-12 as now scheduled, since the next amendment's day is not fixed — NOT yet in force (revision 20271205_507AC0000000057)
- URL (this text's page, at this provision): https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7
- The same address in the text in force (its wording there may differ): https://japanlaw.org/ja/companies-act/pt-2/ch-2/sec-7
- Every provision below carries its address and its place on this text's page 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.
The Ministry's English is given only where this text's Japanese is a wording
the Ministry translated — the same as the text in force, or for a text not yet
in force, a wording it translated ahead; every other paragraph's English is
machine translation.

---

## 第七節　株主に対する通知の省略等 — Section 7 Omission of Notices to Shareholders
<sup>heading: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>pt-2/ch-2/sec-7 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7</sup>

### 第百九十六条（株主に対する通知の省略） — (Omission of Notices to Shareholders)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-196 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196</sup>

    **第一項**  株式会社が株主に対してする通知又は催告が五年以上継続して到達しない場合には、株式会社は、当該株主に対する通知又は催告をすることを要しない。
    <sup>art-196/par-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1</sup>
    If notices or demands from a stock company do not reach a shareholder for five consecutive years or more, the stock company is no longer required to give notices or issue demands to relevant shareholder.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第二項**  前項の場合には、同項の株主に対する株式会社の義務の履行を行う場所は、株式会社の住所地とする。
    <sup>art-196/par-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-2</sup>
    In the cases provided for in the preceding paragraph, the address of the stock company is to be the place where the obligation of the stock company with regard to the shareholder under that paragraph is performed.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第三項**  前二項の規定は、登録株式質権者について準用する。
    <sup>art-196/par-3 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-3</sup>
    The provisions of the preceding two paragraphs apply mutatis mutandis to registered pledgees of shares.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百九十七条（株式の競売） — (Auction of Shares)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-197 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197</sup>

    **第一項**  株式会社は、次のいずれにも該当する株式を競売し、かつ、その代金をその株式の株主に交付することができる。
    <sup>art-197/par-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1</sup>
    A stock company may sell shares that fall under both of the following items by auction and tender the proceeds thereof to the shareholders of relevant shares:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  その株式の株主に対して前条第一項又は第二百九十四条第二項の規定により通知及び催告をすることを要しないもの
      <sup>art-197/par-1/item-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1/item-1</sup>
      that there is no requirement to give notice or issue a demand to the shareholder of relevant shares pursuant to the provisions of paragraph (1) of the preceding Article, or Article 294, paragraph (2); and
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  その株式の株主が継続して五年間剰余金の配当を受領しなかったもの
      <sup>art-197/par-1/item-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1/item-2</sup>
      that the shareholders of those shares have not received dividends of surplus for consecutive five years.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第二項**  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。この場合において、当該許可の申立ては、取締役が二人以上あるときは、その全員の同意によってしなければならない。
    <sup>art-197/par-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-2</sup>
    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 the permission must be filed with the consent of all directors.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第三項**  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。
    <sup>art-197/par-3 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-3</sup>
    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:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  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）
      <sup>art-197/par-3/item-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-3/item-1</sup>
      the number of shares to be purchased (or, for a company with class shares, the classes of shares and the number of shares for each class);
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  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
      <sup>art-197/par-3/item-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-3/item-2</sup>
      the total amount of the monies to be delivered in exchange for the purchase of the shares in the preceding item.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第四項**  取締役会設置会社においては、前項各号に掲げる事項の決定は、取締役会の決議によらなければならない。
    <sup>art-197/par-4 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-4</sup>
    A company with board of directors must determine the matters set forth in each item of the preceding paragraph by a resolution at a board of directors meeting.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第五項**  第一項及び第二項の規定にかかわらず、登録株式質権者がある場合には、当該登録株式質権者が次のいずれにも該当する者であるときに限り、株式会社は、第一項の規定による競売又は第二項の規定による売却をすることができる。
    <sup>art-197/par-5 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-5</sup>
    Notwithstanding the provisions of paragraph (1) and paragraph (2), if there are registered pledgees of shares, the stock company may effect the auction under the provisions of paragraph (1), or the sale pursuant to the provisions of paragraph (2), only if relevant registered pledgees of shares are the persons who fall under both of the following items:
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **一**  前条第三項において準用する同条第一項の規定により通知又は催告をすることを要しない者
      <sup>art-197/par-5/item-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-5/item-1</sup>
      that there is no requirement to give notice or issue a demand to those persons under the provisions paragraph (1) of the preceding Article applied mutatis mutandis under paragraph (3) of that paragraph; and
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

      **二**  継続して五年間第百五十四条第一項の規定により受領することができる剰余金の配当を受領しなかった者
      <sup>art-197/par-5/item-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-5/item-2</sup>
      that the persons have not received the dividends of surplus to which they are entitled under the provisions of Article 154, paragraph (1) for consecutive five years.
      <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

### 第百九十八条（利害関係人の異議） — (Objections of Interested Parties)
<sup>caption: Ministry of Justice translation — Japanese Law Translation Database System</sup>
<sup>art-198 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198</sup>

    **第一項**  前条第一項の規定による競売又は同条第二項の規定による売却をする場合には、株式会社は、同条第一項の株式の株主その他の利害関係人が一定の期間内に異議を述べることができる旨その他法務省令で定める事項を公告し、かつ、当該株式の株主及びその登録株式質権者には、各別にこれを催告しなければならない。ただし、当該期間は、三箇月を下ることができない。
    <sup>art-198/par-1 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-1</sup>
    If a stock company effects an auction under the provisions of paragraph (1) of the preceding Article, or a sale under the provisions of paragraph (2) of that Article, the stock company must give public notice to the effect that interested parties, including the shareholders of the shares provided for in paragraph (1) of that Article, may state their objections during a certain period of time, and other matters prescribed by Ministry of Justice Order, and must issue separate demands seeking the objections, if any, to each shareholder of relevant shares and each registered pledgee of shares thereof; provided, however, that the period cannot be less than three months.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第二項**  第百二十六条第一項及び第百五十条第一項の規定にかかわらず、前項の規定による催告は、株主名簿に記載し、又は記録した当該株主及び登録株式質権者の住所（当該株主又は登録株式質権者が別に通知又は催告を受ける場所又は連絡先を当該株式会社に通知した場合にあっては、その場所又は連絡先を含む。）にあてて発しなければならない。
    <sup>art-198/par-2 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-2</sup>
    Notwithstanding the provisions of Article 126, paragraph (1) and Article 150, paragraph (1), the demands under the provisions of the preceding paragraph must be sent to the addresses of relevant shareholders and registered pledgees of shares which have been entered or recorded in the shareholder register (or, if relevant shareholders or registered pledgees of shares notify relevant stock company of a different place or contact address for the receipt of notices or demands, to that place or contact address).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第三項**  第百二十六条第三項及び第四項の規定にかかわらず、株式が二以上の者の共有に属するときは、第一項の規定による催告は、共有者に対し、株主名簿に記載し、又は記録した住所（当該共有者が別に通知又は催告を受ける場所又は連絡先を当該株式会社に通知した場合にあっては、その場所又は連絡先を含む。）にあてて発しなければならない。
    <sup>art-198/par-3 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-3</sup>
    Notwithstanding the provisions of Article 126, paragraphs (3) and (4), if a share is co-owned by two or more persons, the demand pursuant to the provisions of paragraph (1) must be sent to the address of the co-owners which has been entered or recorded in the shareholder register (or, if relevant co-owners notify relevant stock company of a different place or contact address for the receipt of notices or demands, to that place or contact address).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第四項**  第百九十六条第一項（同条第三項において準用する場合を含む。）の規定は、第一項の規定による催告については、適用しない。
    <sup>art-198/par-4 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-4</sup>
    The provisions of Article 196, paragraph (1) (including cases where it is applied mutatis mutandis under paragraph (3) of that paragraph) do not apply to demands under the provisions of paragraph (1).
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

    **第五項**  第一項の規定による公告をした場合（前条第一項の株式に係る株券が発行されている場合に限る。）において、第一項の期間内に利害関係人が異議を述べなかったときは、当該株式に係る株券は、当該期間の末日に無効となる。
    <sup>art-198/par-5 · https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-5</sup>
    If public notice is given under the provisions of paragraph (1) (limited to cases where share certificates representing the shares under paragraph (1) of the preceding Article have been issued), and no interested party raises any objection within the period under paragraph (1), the share certificates representing those shares become invalid on the last day of that period.
    <sup>Ministry of Justice translation — Japanese Law Translation Database System</sup>

---

## Cites
- art-196/par-2: 前項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1
- art-196/par-3: 前二項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1
- art-196/par-3: 前二項 → 会社法 第百九十六条第二項 (Article 196, paragraph (2)), art-196/par-2 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-2
- art-197/par-1/item-1: 前条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1
- art-197/par-1/item-1: 第二百九十四条第二項 → 会社法 第二百九十四条第二項 (Article 294, paragraph (2)), art-294/par-2 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-3/from-art-291#art-294/par-2
- art-197/par-2: 前項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1
- art-197/par-3: 前項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-2
- art-197/par-3/item-2: 前号 → 会社法 第百九十七条第三項第一号 (Article 197, paragraph (3), item (i)), art-197/par-3/item-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-3/item-1
- art-197/par-4: 前項 → 会社法 第百九十七条第三項 (Article 197, paragraph (3)), art-197/par-3 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-3
- art-197/par-5: 第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1
- art-197/par-5: 第二項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-2
- art-197/par-5/item-1: 前条第三項 → 会社法 第百九十六条第三項 (Article 196, paragraph (3)), art-196/par-3 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-3
- art-197/par-5/item-1: 同条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1
- art-197/par-5/item-2: 第百五十四条第一項 → 会社法 第百五十四条第一項 (Article 154, paragraph (1)), art-154/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-3/from-art-148#art-154/par-1
- art-198/par-1: 前条第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-1
- art-198/par-1: 同条第二項 → 会社法 第百九十七条第二項 (Article 197, paragraph (2)), art-197/par-2 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/par-2
- art-198/par-2: 第百二十六条第一項 → 会社法 第百二十六条第一項 (Article 126, paragraph (1)), art-126/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-2#art-126/par-1
- art-198/par-2: 第百五十条第一項 → 会社法 第百五十条第一項 (Article 150, paragraph (1)), art-150/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-3/from-art-148#art-150/par-1
- art-198/par-2: 前項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-1
- art-198/par-3: 第百二十六条第三項 → 会社法 第百二十六条第三項 (Article 126, paragraph (3)), art-126/par-3 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-2#art-126/par-3
- art-198/par-3: 第四項 → 会社法 第百二十六条第四項 (Article 126, paragraph (4)), art-126/par-4 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-2#art-126/par-4
- art-198/par-3: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-1
- art-198/par-4: 第百九十六条第一項 → 会社法 第百九十六条第一項 (Article 196, paragraph (1)), art-196/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-1
- art-198/par-4: 同条第三項 → 会社法 第百九十六条第三項 (Article 196, paragraph (3)), art-196/par-3 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-196/par-3
- art-198/par-4: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-1
- art-198/par-5: 第一項 → 会社法 第百九十八条第一項 (Article 198, paragraph (1)), art-198/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-198/par-1
- art-198/par-5: 前条第一項 → 会社法 第百九十七条第一項 (Article 197, paragraph (1)), art-197/par-1 — https://japanlaw.org/ja/companies-act/amendments/20271205_507AC0000000057/text/pt-2/ch-2/sec-7#art-197/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 as 令和七年法律第五十七号 leaves it, from a date not yet fixed (https://laws.e-gov.go.jp/law/417AC0000000086/20271205_507AC0000000057), 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 223 — 会社法 — structure, counts, cross-references and defined terms, computed 2026-09-17