# 会社法 / Companies Act — 第四百四十八条 (Article 448) - 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: 第四百四十八条 (Article 448)（準備金の額の減少） — address `art-448` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-448 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-448 - 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. --- ### 第四百四十八条（準備金の額の減少） — (Reductions in Amount of Reserves) caption: Ministry of Justice translation — Japanese Law Translation Database System art-448 · https://japanlaw.org/ja/companies-act/art-448 · https://japanlaw.org/l/417AC0000000086/art-448 **第一項** 株式会社は、準備金の額を減少することができる。この場合においては、株主総会の決議によって、次に掲げる事項を定めなければならない。 art-448/par-1 · https://japanlaw.org/ja/companies-act/art-448/par-1 · https://japanlaw.org/l/417AC0000000086/art-448/par-1 A stock company may reduce the amount of its reserves. In these cases, the following matters must be decided by a resolution at a shareholders meeting: Ministry of Justice translation — Japanese Law Translation Database System **一** 減少する準備金の額 art-448/par-1/item-1 · https://japanlaw.org/ja/companies-act/art-448/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-448/par-1/item-1 the amount by which the reserves are reduced; Ministry of Justice translation — Japanese Law Translation Database System **二** 減少する準備金の額の全部又は一部を資本金とするときは、その旨及び資本金とする額 art-448/par-1/item-2 · https://japanlaw.org/ja/companies-act/art-448/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-448/par-1/item-2 if all or part of the amount by which the reserves are reduced is to be appropriated to the stated capital, a statement to that effect and the amount to be appropriated to the stated capital; Ministry of Justice translation — Japanese Law Translation Database System **三** 準備金の額の減少がその効力を生ずる日 art-448/par-1/item-3 · https://japanlaw.org/ja/companies-act/art-448/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-448/par-1/item-3 the day on which the reduction in the amount of the reserves takes effect. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項第一号の額は、同項第三号の日における準備金の額を超えてはならない。 art-448/par-2 · https://japanlaw.org/ja/companies-act/art-448/par-2 · https://japanlaw.org/l/417AC0000000086/art-448/par-2 The amount under item (i) of the preceding paragraph may not exceed the amount of the reserves as at the day under item (iii) of that paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 株式会社が株式の発行と同時に準備金の額を減少する場合において、当該準備金の額の減少の効力が生ずる日後の準備金の額が当該日前の準備金の額を下回らないときにおける第一項の規定の適用については、同項中「株主総会の決議」とあるのは、「取締役の決定（取締役会設置会社にあっては、取締役会の決議）」とする。 art-448/par-3 · https://japanlaw.org/ja/companies-act/art-448/par-3 · https://japanlaw.org/l/417AC0000000086/art-448/par-3 If a stock company reduces the amount of the reserves concurrently with a share issue, and the amount of the reserves after the day on which relevant reduction in the amount of the reserves takes effect is not less than the amount of the reserves before relevant day, for the purpose of the application of the provisions of paragraph (1), the phrase "resolution at a shareholders meeting" in that paragraph is deemed to be replaced with "decision of the directors (or, for a company with board of directors, a resolution of the board of directors meeting)". Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-448/par-2: 前項第一号 → 会社法 第四百四十八条第一項第一号 (Article 448, paragraph (1), item (i)), art-448/par-1/item-1 — https://japanlaw.org/ja/companies-act/art-448/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-448/par-1/item-1 - art-448/par-2: 同項第三号 → 会社法 第四百四十八条第一項第三号 (Article 448, paragraph (1), item (iii)), art-448/par-1/item-3 — https://japanlaw.org/ja/companies-act/art-448/par-1/item-3 · https://japanlaw.org/l/417AC0000000086/art-448/par-1/item-3 - art-448/par-3: 第一項 → 会社法 第四百四十八条第一項 (Article 448, paragraph (1)), art-448/par-1 — https://japanlaw.org/ja/companies-act/art-448/par-1 · https://japanlaw.org/l/417AC0000000086/art-448/par-1 ## Cited by 11 provisions cite this one. No official source publishes this direction. - 会社法 第四百四十六条第一項第四号（剰余金の額） — https://japanlaw.org/ja/companies-act/art-446/par-1/item-4 · https://japanlaw.org/l/417AC0000000086/art-446/par-1/item-4 - 会社法 第四百四十八条第二項（準備金の額の減少） — https://japanlaw.org/ja/companies-act/art-448/par-2 · https://japanlaw.org/l/417AC0000000086/art-448/par-2 - 会社法 第四百四十八条第三項（準備金の額の減少） — https://japanlaw.org/ja/companies-act/art-448/par-3 · https://japanlaw.org/l/417AC0000000086/art-448/par-3 - 会社法 第四百四十九条第一項第一号（債権者の異議） — https://japanlaw.org/ja/companies-act/art-449/par-1/item-1 · https://japanlaw.org/l/417AC0000000086/art-449/par-1/item-1 - 会社法 第四百四十九条第一項第二号（債権者の異議） — https://japanlaw.org/ja/companies-act/art-449/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-449/par-1/item-2 - 会社法 第四百四十九条第六項第二号（債権者の異議） — https://japanlaw.org/ja/companies-act/art-449/par-6/item-2 · https://japanlaw.org/l/417AC0000000086/art-449/par-6/item-2 - 会社法 第四百五十九条第一項第二号（剰余金の配当等を取締役会が決定する旨の定款の定め） — https://japanlaw.org/ja/companies-act/art-459/par-1/item-2 · https://japanlaw.org/l/417AC0000000086/art-459/par-1/item-2 - 会社法 第四百六十五条第一項第十号ハ（欠損が生じた場合の責任） — https://japanlaw.org/ja/companies-act/art-465/par-1/item-10/sub-3 · https://japanlaw.org/l/417AC0000000086/art-465/par-1/item-10/sub-3 - 会社法 第九百七十六条第一項第二十五号（過料に処すべき行為） — https://japanlaw.org/ja/companies-act/art-976/par-1/item-25 · https://japanlaw.org/l/417AC0000000086/art-976/par-1/item-25 - 租税特別措置法 第七十条の七第三項第十一号（非上場株式等についての贈与税の納税猶予及び免除） — https://japanlaw.org/ja/special-taxation-measures-act/art-70-7/par-3/item-11 · https://japanlaw.org/l/332AC0000000026/art-70-7/par-3/item-11 - 租税特別措置法 第七十条の七の二第三項第十一号（非上場株式等についての相続税の納税猶予及び免除） — https://japanlaw.org/ja/special-taxation-measures-act/art-70-7-2/par-3/item-11 · https://japanlaw.org/l/332AC0000000026/art-70-7-2/par-3/item-11 --- ## 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