# 会社法 / Companies Act — 第百十九条 (Article 119) - 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: 第百十九条 (Article 119)（新株予約権の価格の決定等） — address `art-119` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-119 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-119 - 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. --- ### 第百十九条（新株予約権の価格の決定等） — (Determination of the Price of Share Options) caption: Ministry of Justice translation — Japanese Law Translation Database System art-119 · https://japanlaw.org/ja/companies-act/art-119 · https://japanlaw.org/l/417AC0000000086/art-119 **第一項** 新株予約権買取請求があった場合において、新株予約権（当該新株予約権が新株予約権付社債に付されたものである場合において、当該新株予約権付社債についての社債の買取りの請求があったときは、当該社債を含む。以下この条において同じ。）の価格の決定について、新株予約権者と株式会社との間に協議が調ったときは、株式会社は、定款変更日から六十日以内にその支払をしなければならない。 art-119/par-1 · https://japanlaw.org/ja/companies-act/art-119/par-1 · https://japanlaw.org/l/417AC0000000086/art-119/par-1 If a share option holder exercises appraisal rights on the share options, if an agreement on the determination of the price of the share options is reached between the share option holder (if relevant share options are attached to bonds with share option, if a holder thereof demands that the stock company purchase the bonds constituting those bonds with share options, including relevant bonds; hereinafter the same applies in this Article) and the stock company, the stock company must make payment within sixty days from the day of the amendment to the articles of incorporation. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 新株予約権の価格の決定について、定款変更日から三十日以内に協議が調わないときは、新株予約権者又は株式会社は、その期間の満了の日後三十日以内に、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-119/par-2 · https://japanlaw.org/ja/companies-act/art-119/par-2 · https://japanlaw.org/l/417AC0000000086/art-119/par-2 If no agreement on the determination of the price of the share options is reached within thirty days from the day of amendment to articles of incorporation, the share option holders or the stock company may file a petition for the court to determine the price within thirty days after the expiration of that period. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前条第八項の規定にかかわらず、前項に規定する場合において、定款変更日から六十日以内に同項の申立てがないときは、その期間の満了後は、新株予約権者は、いつでも、新株予約権買取請求を撤回することができる。 art-119/par-3 · https://japanlaw.org/ja/companies-act/art-119/par-3 · https://japanlaw.org/l/417AC0000000086/art-119/par-3 Notwithstanding the provisions of paragraph (8) of the preceding Article, in the cases provided for in the preceding paragraph, if the petition under that paragraph is not filed within sixty days after the day of amendment to articles of incorporation, share option holders exercising appraisal rights on the share options may withdraw their demands for appraisal of the share options at any time after the expiration of that period. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 株式会社は、裁判所の決定した価格に対する第一項の期間の満了の日後の法定利率による利息をも支払わなければならない。 art-119/par-4 · https://japanlaw.org/ja/companies-act/art-119/par-4 · https://japanlaw.org/l/417AC0000000086/art-119/par-4 The stock company must also pay interest on the price determined by the court at the statutory interest rate from and including the day of the expiration of the period referred to in paragraph (1). Ministry of Justice translation — Japanese Law Translation Database System **第五項** 株式会社は、新株予約権の価格の決定があるまでは、新株予約権者に対し、当該株式会社が公正な価格と認める額を支払うことができる。 art-119/par-5 · https://japanlaw.org/ja/companies-act/art-119/par-5 · https://japanlaw.org/l/417AC0000000086/art-119/par-5 A stock company may pay the amount that relevant stock company considers to be a fair price to a share option holder until the determination of the price of share options. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 新株予約権買取請求に係る新株予約権の買取りは、定款変更日に、その効力を生ずる。 art-119/par-6 · https://japanlaw.org/ja/companies-act/art-119/par-6 · https://japanlaw.org/l/417AC0000000086/art-119/par-6 The purchase relating to the exercise of appraisal rights on share options becomes effective on the day of amendment to articles of incorporation. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 株式会社は、新株予約権証券が発行されている新株予約権について新株予約権買取請求があったときは、新株予約権証券と引換えに、その新株予約権買取請求に係る新株予約権の代金を支払わなければならない。 art-119/par-7 · https://japanlaw.org/ja/companies-act/art-119/par-7 · https://japanlaw.org/l/417AC0000000086/art-119/par-7 If a share option holder exercises appraisal rights on share options with respect to share options for which share option certificates are issued, the stock company must pay the price of the share options relating to the exercise of appraisal rights on the share options in exchange for the share option certificates. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 株式会社は、新株予約権付社債券が発行されている新株予約権付社債に付された新株予約権について新株予約権買取請求があったときは、その新株予約権付社債券と引換えに、その新株予約権買取請求に係る新株予約権の代金を支払わなければならない。 art-119/par-8 · https://japanlaw.org/ja/companies-act/art-119/par-8 · https://japanlaw.org/l/417AC0000000086/art-119/par-8 If a share option holder exercises appraisal rights on share options in respect of a share option attached to any bonds with share options for which a bond certificate has been issued, the stock company must pay the price of the share options in respect of which the holder is exercising appraisal rights in exchange for the certificate representing the bonds with share options. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-119/par-1: この条 → 会社法 第百十九条 (Article 119), art-119 — https://japanlaw.org/ja/companies-act/art-119 · https://japanlaw.org/l/417AC0000000086/art-119 - art-119/par-3: 前条第八項 → 会社法 第百十八条第八項 (Article 118, paragraph (8)), art-118/par-8 — https://japanlaw.org/ja/companies-act/art-118/par-8 · https://japanlaw.org/l/417AC0000000086/art-118/par-8 - art-119/par-3: 前項 → 会社法 第百十九条第二項 (Article 119, paragraph (2)), art-119/par-2 — https://japanlaw.org/ja/companies-act/art-119/par-2 · https://japanlaw.org/l/417AC0000000086/art-119/par-2 - art-119/par-4: 第一項 → 会社法 第百十九条第一項 (Article 119, paragraph (1)), art-119/par-1 — https://japanlaw.org/ja/companies-act/art-119/par-1 · https://japanlaw.org/l/417AC0000000086/art-119/par-1 ## Cited by 6 provisions cite this one. No official source publishes this direction. - 会社法 第百十八条第三項（新株予約権買取請求） — https://japanlaw.org/ja/companies-act/art-118/par-3 · https://japanlaw.org/l/417AC0000000086/art-118/par-3 - 会社法 第百十八条第七項（新株予約権買取請求） — https://japanlaw.org/ja/companies-act/art-118/par-7 · https://japanlaw.org/l/417AC0000000086/art-118/par-7 - 会社法 第百十九条第一項（新株予約権の価格の決定等） — https://japanlaw.org/ja/companies-act/art-119/par-1 · https://japanlaw.org/l/417AC0000000086/art-119/par-1 - 会社法 第百十九条第三項（新株予約権の価格の決定等） — https://japanlaw.org/ja/companies-act/art-119/par-3 · https://japanlaw.org/l/417AC0000000086/art-119/par-3 - 会社法 第百十九条第四項（新株予約権の価格の決定等） — https://japanlaw.org/ja/companies-act/art-119/par-4 · https://japanlaw.org/l/417AC0000000086/art-119/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/ja/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