# 会社法 / Companies Act — 第七百七十七条 (Article 777) - 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: 第七百七十七条 (Article 777)（新株予約権買取請求） — address `art-777` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/companies-act/art-777 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/417AC0000000086/art-777 - 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. --- ### 第七百七十七条（新株予約権買取請求） — (Exercise of Appraisal Rights on Share Options) caption: Ministry of Justice translation — Japanese Law Translation Database System art-777 · https://japanlaw.org/ja/companies-act/art-777 · https://japanlaw.org/l/417AC0000000086/art-777 **第一項** 株式会社が組織変更をする場合には、組織変更をする株式会社の新株予約権の新株予約権者は、当該株式会社に対し、自己の有する新株予約権を公正な価格で買い取ることを請求することができる。 art-777/par-1 · https://japanlaw.org/ja/companies-act/art-777/par-1 · https://japanlaw.org/l/417AC0000000086/art-777/par-1 If a stock company effects entity conversion, holders of share options of the stock company effecting entity conversion may demand that the stock company purchase, at a fair price, the share options that they hold. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 新株予約権付社債に付された新株予約権の新株予約権者は、前項の規定による請求（以下この款において「新株予約権買取請求」という。）をするときは、併せて、新株予約権付社債についての社債を買い取ることを請求しなければならない。ただし、当該新株予約権付社債に付された新株予約権について別段の定めがある場合は、この限りでない。 art-777/par-2 · https://japanlaw.org/ja/companies-act/art-777/par-2 · https://japanlaw.org/l/417AC0000000086/art-777/par-2 If holders of the share options attached to bonds with share options intend to make the demand under the preceding paragraph (hereinafter referred to as "the "exercise of appraisal rights on share options" in this Section), they must also demand that the stock company purchase the bonds concerning bonds with share options; provided, however, that this does not apply if it is otherwise provided for with respect to the share options attached to the bonds with share options. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 組織変更をしようとする株式会社は、効力発生日の二十日前までに、その新株予約権の新株予約権者に対し、組織変更をする旨を通知しなければならない。 art-777/par-3 · https://japanlaw.org/ja/companies-act/art-777/par-3 · https://japanlaw.org/l/417AC0000000086/art-777/par-3 A stock company which intends to effect entity conversion must notify the holders of share options thereof that it will effect entity conversion, by twenty days prior to the effective day. Ministry of Justice translation — Japanese Law Translation Database System **第四項** 前項の規定による通知は、公告をもってこれに代えることができる。 art-777/par-4 · https://japanlaw.org/ja/companies-act/art-777/par-4 · https://japanlaw.org/l/417AC0000000086/art-777/par-4 A public notice may be substituted for the notice under the provisions of the preceding paragraph. Ministry of Justice translation — Japanese Law Translation Database System **第五項** 新株予約権買取請求は、効力発生日の二十日前の日から効力発生日の前日までの間に、その新株予約権買取請求に係る新株予約権の内容及び数を明らかにしてしなければならない。 art-777/par-5 · https://japanlaw.org/ja/companies-act/art-777/par-5 · https://japanlaw.org/l/417AC0000000086/art-777/par-5 To exercise appraisal rights on share options, the share option holder must indicate the features and number of the share options with respect to which the holder is exercising appraisal rights, between twenty days prior to the effective day and the day immediately preceding the effective day. Ministry of Justice translation — Japanese Law Translation Database System **第六項** 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をしようとするときは、当該新株予約権の新株予約権者は、組織変更をする株式会社に対し、その新株予約権証券を提出しなければならない。ただし、当該新株予約権証券について非訟事件手続法第百十四条に規定する公示催告の申立てをした者については、この限りでない。 art-777/par-6 · https://japanlaw.org/ja/companies-act/art-777/par-6 · https://japanlaw.org/l/417AC0000000086/art-777/par-6 When intending to exercise appraisal rights on share options in respect of share options for which share option certificates have been issued, the holder of those share options must submit to a stock company effecting the entity conversion the share option certificates; provided, however, that this does not apply to a person who files a petition for public notice prescribed in Article 114 of the Non-Contentious Cases Procedure Act with respect to those share option certificates. Ministry of Justice translation — Japanese Law Translation Database System **第七項** 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をしようとするときは、当該新株予約権の新株予約権者は、組織変更をする株式会社に対し、その新株予約権付社債券を提出しなければならない。ただし、当該新株予約権付社債券について非訟事件手続法第百十四条に規定する公示催告の申立てをした者については、この限りでない。 art-777/par-7 · https://japanlaw.org/ja/companies-act/art-777/par-7 · https://japanlaw.org/l/417AC0000000086/art-777/par-7 When intending to exercise appraisal rights on share options in respect of share options attached to bonds with share option for which certificate representing the bond with share options have been issued, the holder of those share options must submit to the stock company effective entity conversion the certificate representing the bond with share options; provided, however, that this does not apply to a person who files a petition for public notice prescribed in Article 114 of the Non-Contentious Cases Procedure Act with respect to that certificate representing the bond with share options. Ministry of Justice translation — Japanese Law Translation Database System **第八項** 新株予約権買取請求をした新株予約権者は、組織変更をする株式会社の承諾を得た場合に限り、その新株予約権買取請求を撤回することができる。 art-777/par-8 · https://japanlaw.org/ja/companies-act/art-777/par-8 · https://japanlaw.org/l/417AC0000000086/art-777/par-8 Share option holders exercising appraisal rights on share options may withdraw their demands for appraisal of the share options only with the approval of the stock company effecting the entity conversion. Ministry of Justice translation — Japanese Law Translation Database System **第九項** 組織変更を中止したときは、新株予約権買取請求は、その効力を失う。 art-777/par-9 · https://japanlaw.org/ja/companies-act/art-777/par-9 · https://japanlaw.org/l/417AC0000000086/art-777/par-9 The demands of the share option holders exercising appraisal rights on share options lose effect if the entity conversion is cancelled. Ministry of Justice translation — Japanese Law Translation Database System **第十項** 第二百六十条の規定は、新株予約権買取請求に係る新株予約権については、適用しない。 art-777/par-10 · https://japanlaw.org/ja/companies-act/art-777/par-10 · https://japanlaw.org/l/417AC0000000086/art-777/par-10 The provisions of Article 260 do not apply to share options for the exercise of appraisal rights on share options. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-777/par-2: 前項 → 会社法 第七百七十七条第一項 (Article 777, paragraph (1)), art-777/par-1 — https://japanlaw.org/ja/companies-act/art-777/par-1 · https://japanlaw.org/l/417AC0000000086/art-777/par-1 - art-777/par-4: 前項 → 会社法 第七百七十七条第三項 (Article 777, paragraph (3)), art-777/par-3 — https://japanlaw.org/ja/companies-act/art-777/par-3 · https://japanlaw.org/l/417AC0000000086/art-777/par-3 - art-777/par-6: 非訟事件手続法第百十四条 → e-Gov law 423AC0000000051, 第百十四条 (Article 114), art-114 — not held in this collection - art-777/par-7: 非訟事件手続法第百十四条 → e-Gov law 423AC0000000051, 第百十四条 (Article 114), art-114 — not held in this collection - art-777/par-10: 第二百六十条 → 会社法 第二百六十条 (Article 260), art-260 — https://japanlaw.org/ja/companies-act/art-260 · https://japanlaw.org/l/417AC0000000086/art-260 ## Cited by 5 provisions cite this one. No official source publishes this direction. - 会社法 第二百三十八条第一項第七号（募集事項の決定） — https://japanlaw.org/ja/companies-act/art-238/par-1/item-7 · https://japanlaw.org/l/417AC0000000086/art-238/par-1/item-7 - 会社法 第七百七十五条第二項第二号（組織変更計画に関する書面等の備置き及び閲覧等） — https://japanlaw.org/ja/companies-act/art-775/par-2/item-2 · https://japanlaw.org/l/417AC0000000086/art-775/par-2/item-2 - 会社法 第七百七十七条第二項（新株予約権買取請求） — https://japanlaw.org/ja/companies-act/art-777/par-2 · https://japanlaw.org/l/417AC0000000086/art-777/par-2 - 会社法 第七百七十七条第四項（新株予約権買取請求） — https://japanlaw.org/ja/companies-act/art-777/par-4 · https://japanlaw.org/l/417AC0000000086/art-777/par-4 - 会社法 第七百七十八条第三項（新株予約権の価格の決定等） — https://japanlaw.org/ja/companies-act/art-778/par-3 · https://japanlaw.org/l/417AC0000000086/art-778/par-3 --- ## 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 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Companies Act — Ministry of Justice translation (part 2 of 2) (https://www.japaneselawtranslation.go.jp/en/laws/view/4482/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