# 金融商品取引法 / Financial Instruments and Exchange Act — 第百三十九条の九 (Article 139-9) - Law: 金融商品取引法 (Financial Instruments and Exchange Act), 昭和二十三年法律第二十五号 - English title "Financial Instruments and Exchange 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: 第百三十九条の九 (Article 139-9)（吸収合併契約等の承認を要しない場合等） — address `art-139-9` - Text in force since: 2026-08-12 - URL (the page that opens at this provision): https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-139-9 - 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. --- ### 第百三十九条の九（吸収合併契約等の承認を要しない場合等） — (When Approval for an Absorption-Type Merger Agreement Is Not Required) caption: Ministry of Justice translation — Japanese Law Translation Database System art-139-9 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9 · https://japanlaw.org/l/323AC0000000025/art-139-9 **第一項** 前条第一項及び第二項の規定は、第一号に掲げる額の第二号に掲げる額に対する割合が五分の一（これを下回る割合を吸収合併存続株式会社金融商品取引所が定款で定めた場合にあつては、その割合）を超えない場合には、適用しない。ただし、吸収合併消滅会員金融商品取引所の会員に対して交付する株式等の全部又は一部が吸収合併存続株式会社金融商品取引所の譲渡制限株式である場合であつて、吸収合併存続株式会社金融商品取引所が公開会社（会社法第二条第五号に規定する公開会社をいう。第百三十九条の十第二項第一号及び第百三十九条の十五第三項において同じ。）でないときは、この限りでない。 art-139-9/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1 The provisions of paragraphs (1) and (2) of the preceding Article do not apply unless the proportion of the amount set forth in item (i) to the amount set forth in item (ii) exceeds one-fifth (or, if a smaller proportion is prescribed in the articles of incorporation of the incorporated financial instruments exchange surviving an absorption-type merger, that proportion); provided, however, that this does not apply if all or part of the shares, etc. delivered to the members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger are shares with a restriction on transfer in the incorporated financial instruments exchange surviving the absorption-type merger, and the incorporated financial instruments exchange surviving the absorption-type merger is not a public company (meaning a public company as defined in Article 2, item (v) of the Companies Act; the same applies in Article 139-10, paragraph (2), item (i) and Article 139-15, paragraph (3)): Ministry of Justice translation — Japanese Law Translation Database System **一** 次に掲げる額の合計額 art-139-9/par-1/item-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-1 the sum of the amounts set forth in the following sub-items: Ministry of Justice translation — Japanese Law Translation Database System **イ** 吸収合併消滅会員金融商品取引所の会員に対して交付する吸収合併存続株式会社金融商品取引所の株式の数に一株当たり純資産額（会社法第百四十一条第二項に規定する一株当たり純資産額をいう。）を乗じて得た額 art-139-9/par-1/item-1/sub-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-1/sub-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-1/sub-1 the amount arrived at when the number of shares in the incorporated financial instruments exchange surviving the absorption-type merger to be delivered to members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger is multiplied by the amount of net assets per share (meaning the amount of net assets per share as prescribed in Article 141, paragraph (2) of the Companies Act); and Ministry of Justice translation — Japanese Law Translation Database System **ロ** 吸収合併消滅会員金融商品取引所の会員に対して交付する金銭の額の合計額 art-139-9/par-1/item-1/sub-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-1/sub-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-1/sub-2 the total amount of money to be delivered to members of the incorporated association-operated financial instruments exchange disappearing in the absorption-type merger; Ministry of Justice translation — Japanese Law Translation Database System **二** 吸収合併存続株式会社金融商品取引所の純資産額として内閣府令で定める方法により算定される額 art-139-9/par-1/item-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-2 the amount calculated as the amount of net assets of the incorporated financial instruments exchange surviving the absorption-type merger, by the method specified by Cabinet Office Order. Ministry of Justice translation — Japanese Law Translation Database System **第二項** 前項本文に規定する場合において、内閣府令で定める数の株式（前条第一項の株主総会において議決権を行使することができるものに限る。）を有する株主が第百三十九条の十第一項の規定による通知又は同条第二項の公告の日から二週間以内に吸収合併に反対する旨を吸収合併存続株式会社金融商品取引所に対し通知したときは、効力発生日の前日までに、株主総会の決議によつて、吸収合併契約の承認を受けなければならない。 art-139-9/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-2 In a case prescribed in the main clause of the preceding paragraph, if shareholders holding the number of shares specified by Cabinet Office Order (limited to shares for which voting rights may be exercised at the shareholders meeting referred to in paragraph (1) of the preceding Article) notify the incorporated financial instruments exchange surviving the absorption-type merger that they are against the absorption-type merger within two weeks from the day of the notice under Article 139-10, paragraph (1) or within two weeks from the day of the public notice referred to in paragraph (2) of that Article, the incorporated financial instruments exchange surviving the absorption-type merger must obtain approval for the absorption-type merger agreement by shareholders resolution, by the day immediately preceding the effective date. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-139-9/par-1: 前条第一項 → 金融商品取引法 第百三十九条の八第一項 (Article 139-8, paragraph (1)), art-139-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-8/par-1 - art-139-9/par-1: 第二項 → 金融商品取引法 第百三十九条の八第二項 (Article 139-8, paragraph (2)), art-139-8/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-8/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-8/par-2 - art-139-9/par-1: 第一号 → 金融商品取引法 第百三十九条の九第一項第一号 (Article 139-9, paragraph (1), item (i)), art-139-9/par-1/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-1 - art-139-9/par-1: 第二号 → 金融商品取引法 第百三十九条の九第一項第二号 (Article 139-9, paragraph (1), item (ii)), art-139-9/par-1/item-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1/item-2 - art-139-9/par-1: 会社法第二条第五号 → 会社法 第二条第一項第五号 (Article 2, paragraph (1), item (v)), art-2/par-1/item-5 — https://japanlaw.org/ja/companies-act/art-2/par-1/item-5 · https://japanlaw.org/l/417AC0000000086/art-2/par-1/item-5 - art-139-9/par-1: 第百三十九条の十第二項第一号 → 金融商品取引法 第百三十九条の十第二項第一号 (Article 139-10, paragraph (2), item (i)), art-139-10/par-2/item-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-10/par-2/item-1 · https://japanlaw.org/l/323AC0000000025/art-139-10/par-2/item-1 - art-139-9/par-1: 第百三十九条の十五第三項 → 金融商品取引法 第百三十九条の十五第三項 (Article 139-15, paragraph (3)), art-139-15/par-3 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-15/par-3 · https://japanlaw.org/l/323AC0000000025/art-139-15/par-3 - art-139-9/par-1/item-1/sub-1: 会社法第百四十一条第二項 → 会社法 第百四十一条第二項 (Article 141, paragraph (2)), art-141/par-2 — https://japanlaw.org/ja/companies-act/art-141/par-2 · https://japanlaw.org/l/417AC0000000086/art-141/par-2 - art-139-9/par-2: 前項 → 金融商品取引法 第百三十九条の九第一項 (Article 139-9, paragraph (1)), art-139-9/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1 - art-139-9/par-2: 前条第一項 → 金融商品取引法 第百三十九条の八第一項 (Article 139-8, paragraph (1)), art-139-8/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-8/par-1 - art-139-9/par-2: 第百三十九条の十第一項 → 金融商品取引法 第百三十九条の十第一項 (Article 139-10, paragraph (1)), art-139-10/par-1 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-10/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-10/par-1 - art-139-9/par-2: 同条第二項 → 金融商品取引法 第百三十九条の十第二項 (Article 139-10, paragraph (2)), art-139-10/par-2 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-10/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-10/par-2 ## Cited by 5 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第百三十九条の九第一項（吸収合併契約等の承認を要しない場合等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-1 - 金融商品取引法 第百三十九条の九第二項（吸収合併契約等の承認を要しない場合等） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9/par-2 · https://japanlaw.org/l/323AC0000000025/art-139-9/par-2 - 金融商品取引法 第百三十九条の九の二第一項（吸収合併をやめることの請求） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-9-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-9-2/par-1 - 金融商品取引法 第百三十九条の十一第一項（株式買取請求） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-139-11/par-1 · https://japanlaw.org/l/323AC0000000025/art-139-11/par-1 - 金融商品取引法 第百五十四条の二第一項（内閣府令への委任） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-154-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-154-2/par-1 --- ## Sources - e-Gov 法令検索, Digital Agency (デジタル庁) — 金融商品取引法 — the text in force from 2026-08-12 (https://laws.e-gov.go.jp/law/323AC0000000025/20260812_508AC0000000064), retrieved 2026-10-22 - Japanese Law Translation Database System, Ministry of Justice (法務省) — Financial Instruments and Exchange Act — Ministry of Justice translation (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), retrieved 2026-10-22 - This site's parser, version 212 — 金融商品取引法 — structure, counts, cross-references and defined terms, computed 2026-10-22