# 会社法 / Companies Act — 第二百八十条 (Article 280) - 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: 第二百八十条 (Article 280)（新株予約権の行使） — address `art-280` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-280 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-280 - 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. --- ### 第二百八十条（新株予約権の行使） — (Exercising Share Options) caption: Ministry of Justice translation — Japanese Law Translation Database System art-280 · https://japanlaw.org/ja/companies-act/art-280 · https://japanlaw.org/l/417AC0000000086/art-280 **第一項** 新株予約権の行使は、次に掲げる事項を明らかにしてしなければならない。 art-280/par-1 · https://japanlaw.org/ja/companies-act/art-280/par-1 · https://japanlaw.org/l/417AC0000000086/art-280/par-1 Share options must be exercised by disclosing the following matters: Ministry of Justice translation — Japanese Law Translation Database System **一** その行使に係る新株予約権の内容及び数 art-280/par-1/item-1 · https://japanlaw.org/ja/companies-act/art-280/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-280/par-1/item-1 the features and number of the share options to be exercised; and Ministry of Justice translation — Japanese Law Translation Database System **二** 新株予約権を行使する日 art-280/par-1/item-2 · https://japanlaw.org/ja/companies-act/art-280/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-280/par-1/item-2 the day on which the share options will be exercised. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 証券発行新株予約権を行使しようとするときは、当該証券発行新株予約権の新株予約権者は、当該証券発行新株予約権に係る新株予約権証券を株式会社に提出しなければならない。ただし、当該新株予約権証券が発行されていないときは、この限りでない。 art-280/par-2 · https://japanlaw.org/ja/companies-act/art-280/par-2 · https://japanlaw.org/l/417AC0000000086/art-280/par-2 If it is intended to exercise share options for which certificates are issued, the holders of relevant share options for which certificates are issued must submit the share option certificates representing the share options for which certificates are issued to the stock company; provided, however, that this does not apply if no relevant share option certificates have been issued. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 証券発行新株予約権付社債に付された新株予約権を行使しようとする場合には、当該新株予約権の新株予約権者は、当該新株予約権を付した新株予約権付社債に係る新株予約権付社債券を株式会社に提示しなければならない。この場合において、当該株式会社は、当該新株予約権付社債券に当該証券発行新株予約権付社債に付された新株予約権が消滅した旨を記載しなければならない。 art-280/par-3 · https://japanlaw.org/ja/companies-act/art-280/par-3 · https://japanlaw.org/l/417AC0000000086/art-280/par-3 If it is intended to exercise share options attached to a bonds with share options for which a certificate is issued, the holders of relevant share options must submit to the stock company the certificate representing the bonds with share options for bonds with share option to which relevant share options are attached. In these case, relevant stock company must specify in relevant certificate representing the bonds with share options to the effect that those share options attached to such a bonds with share options for which a certificate is issued have been extinguished. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 前項の規定にかかわらず、証券発行新株予約権付社債に付された新株予約権を行使しようとする場合において、当該新株予約権の行使により当該証券発行新株予約権付社債についての社債が消滅するときは、当該新株予約権の新株予約権者は、当該新株予約権を付した新株予約権付社債に係る新株予約権付社債券を株式会社に提出しなければならない。 art-280/par-4 · https://japanlaw.org/ja/companies-act/art-280/par-4 · https://japanlaw.org/l/417AC0000000086/art-280/par-4 Notwithstanding the provisions of the preceding paragraph, if it is intended to exercise share options attached to a bonds with share options for which a certificate is issued, if the bonds with respect to such a bonds with share options for which a certificate is issued are extinguished by the exercise of relevant share options, the holders of those share options must submit the certificate representing the bonds with share options for the bonds with share option to which those share options are attached to the stock company. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 第三項の規定にかかわらず、証券発行新株予約権付社債についての社債の償還後に当該証券発行新株予約権付社債に付された新株予約権を行使しようとする場合には、当該新株予約権の新株予約権者は、当該新株予約権を付した新株予約権付社債に係る新株予約権付社債券を株式会社に提出しなければならない。 art-280/par-5 · https://japanlaw.org/ja/companies-act/art-280/par-5 · https://japanlaw.org/l/417AC0000000086/art-280/par-5 Notwithstanding the provisions of paragraph (3), if it is intended to exercise the share options attached to a bonds with share options for which a certificate is issued after the redemption of the bonds with respect to such a bonds with share options for which a certificate is issued, the holders of relevant share options must submit the certificate representing the bonds with share options for the bonds with share option to which relevant share options are attached to the stock company. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 株式会社は、自己新株予約権を行使することができない。 art-280/par-6 · https://japanlaw.org/ja/companies-act/art-280/par-6 · https://japanlaw.org/l/417AC0000000086/art-280/par-6 A stock company cannot exercise own share options. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-280/par-4: 前項 → 会社法 第二百八十条第三項 (Article 280, paragraph (3)), art-280/par-3 — https://japanlaw.org/ja/companies-act/art-280/par-3 · https://japanlaw.org/l/417AC0000000086/art-280/par-3 - art-280/par-5: 第三項 → 会社法 第二百八十条第三項 (Article 280, paragraph (3)), art-280/par-3 — https://japanlaw.org/ja/companies-act/art-280/par-3 · https://japanlaw.org/l/417AC0000000086/art-280/par-3 ## Cited by 4 provisions cite this one. No official source publishes this direction. - 会社法 第二百八十条第四項（新株予約権の行使） — https://japanlaw.org/ja/companies-act/art-280/par-4 · https://japanlaw.org/l/417AC0000000086/art-280/par-4 - 会社法 第二百八十条第五項（新株予約権の行使） — https://japanlaw.org/ja/companies-act/art-280/par-5 · https://japanlaw.org/l/417AC0000000086/art-280/par-5 - 会社法 第二百八十一条第一項（新株予約権の行使に際しての払込み） — https://japanlaw.org/ja/companies-act/art-281/par-1 · https://japanlaw.org/l/417AC0000000086/art-281/par-1 - 会社法 第二百八十一条第二項（新株予約権の行使に際しての払込み） — https://japanlaw.org/ja/companies-act/art-281/par-2 · https://japanlaw.org/l/417AC0000000086/art-281/par-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