# 会社法 / Companies Act — 第百六十五条 (Article 165) - 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: 第百六十五条 (Article 165) — address `art-165` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-165 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-165 - 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. --- ### 第百六十五条 art-165 · https://japanlaw.org/ja/companies-act/art-165 · https://japanlaw.org/l/417AC0000000086/art-165 **第一項** 第百五十七条から第百六十条までの規定は、株式会社が市場において行う取引又は金融商品取引法第二十七条の二第六項に規定する公開買付けの方法（以下この条において「市場取引等」という。）により当該株式会社の株式を取得する場合には、適用しない。 art-165/par-1 · https://japanlaw.org/ja/companies-act/art-165/par-1 · https://japanlaw.org/l/417AC0000000086/art-165/par-1 The provisions of Article 157 through Article 160 do not apply if a stock company acquires shares in relevant stock company through transactions undertaken by that stock company in the market or through a takeover bid provided for in Article 27-2, paragraph (6) of the Financial Instruments and Exchange Act (hereinafter in this Article referred to as "market transactions"). Ministry of Justice translation — Japanese Law Translation Database System **第二項** 取締役会設置会社は、市場取引等により当該株式会社の株式を取得することを取締役会の決議によって定めることができる旨を定款で定めることができる。 art-165/par-2 · https://japanlaw.org/ja/companies-act/art-165/par-2 · https://japanlaw.org/l/417AC0000000086/art-165/par-2 A company with board of directors may provide in its articles of incorporation to the effect that the acquisition of own shares by market transactions may be prescribed by a resolution at a board of directors meeting. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 前項の規定による定款の定めを設けた場合における第百五十六条第一項の規定の適用については、同項中「株主総会」とあるのは、「株主総会（第百六十五条第一項に規定する場合にあっては、株主総会又は取締役会）」とする。 art-165/par-3 · https://japanlaw.org/ja/companies-act/art-165/par-3 · https://japanlaw.org/l/417AC0000000086/art-165/par-3 If the provisions of the articles of incorporation under the provisions of the preceding paragraph is created, for the purpose of the application of the provisions of Article 156, paragraph (1), the phrase "shareholders meeting" in this paragraph is deemed to be replaced with "shareholders meeting (or shareholders meeting or board of director's meeting in the cases provided for in Article 165, paragraph (1))". Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-165/par-1: 第百五十七条から第百六十条まで → 会社法 第百五十七条 (Article 157), art-157 — https://japanlaw.org/ja/companies-act/art-157 · https://japanlaw.org/l/417AC0000000086/art-157 - art-165/par-1: 第百五十七条から第百六十条まで → 会社法 第百五十八条 (Article 158), art-158 — https://japanlaw.org/ja/companies-act/art-158 · https://japanlaw.org/l/417AC0000000086/art-158 - art-165/par-1: 第百五十七条から第百六十条まで → 会社法 第百五十九条 (Article 159), art-159 — https://japanlaw.org/ja/companies-act/art-159 · https://japanlaw.org/l/417AC0000000086/art-159 - art-165/par-1: 第百五十七条から第百六十条まで → 会社法 第百六十条 (Article 160), art-160 — https://japanlaw.org/ja/companies-act/art-160 · https://japanlaw.org/l/417AC0000000086/art-160 - art-165/par-1: 金融商品取引法第二十七条の二第六項 → e-Gov law 323AC0000000025, 第二十七条の二第六項 (Article 27-2, paragraph (6)), art-27-2/par-6 — not held in this collection - art-165/par-1: この条 → 会社法 第百六十五条 (Article 165), art-165 — https://japanlaw.org/ja/companies-act/art-165 · https://japanlaw.org/l/417AC0000000086/art-165 - art-165/par-3: 前項 → 会社法 第百六十五条第二項 (Article 165, paragraph (2)), art-165/par-2 — https://japanlaw.org/ja/companies-act/art-165/par-2 · https://japanlaw.org/l/417AC0000000086/art-165/par-2 - art-165/par-3: 第百五十六条第一項 → 会社法 第百五十六条第一項 (Article 156, paragraph (1)), art-156/par-1 — https://japanlaw.org/ja/companies-act/art-156/par-1 · https://japanlaw.org/l/417AC0000000086/art-156/par-1 - art-165/par-3: 第百六十五条第一項 → 会社法 第百六十五条第一項 (Article 165, paragraph (1)), art-165/par-1 — https://japanlaw.org/ja/companies-act/art-165/par-1 · https://japanlaw.org/l/417AC0000000086/art-165/par-1 ## Cited by 6 provisions cite this one. No official source publishes this direction. - 会社法 第百六十五条第一項 — https://japanlaw.org/ja/companies-act/art-165/par-1 · https://japanlaw.org/l/417AC0000000086/art-165/par-1 - 会社法 第百六十五条第三項 — https://japanlaw.org/ja/companies-act/art-165/par-3 · https://japanlaw.org/l/417AC0000000086/art-165/par-3 - 会社法 第三百九十九条の十三第五項第二号（監査等委員会設置会社の取締役会の権限） — https://japanlaw.org/ja/companies-act/art-399-13/par-5/item-2 · https://japanlaw.org/l/417AC0000000086/art-399-13/par-5/item-2 - 会社法 第四百十六条第四項第二号（指名委員会等設置会社の取締役会の権限） — https://japanlaw.org/ja/companies-act/art-416/par-4/item-2 · https://japanlaw.org/l/417AC0000000086/art-416/par-4/item-2 - 会社法 第四百六十一条第一項第二号（配当等の制限） — https://japanlaw.org/ja/companies-act/art-461/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-461/par-1/item-2 - 会社法 第四百六十五条第一項第二号（欠損が生じた場合の責任） — https://japanlaw.org/ja/companies-act/art-465/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-465/par-1/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