# 金融商品取引法 / Financial Instruments and Exchange Act — 第二十七条の二十五 (Article 27-25) - 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: 第二十七条の二十五 (Article 27-25)（大量保有報告書に係る変更報告書の提出） — address `art-27-25` - 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-27-25 - Permanent URL (e-Gov law ID, never renamed): https://japanlaw.org/l/323AC0000000025/art-27-25 - 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. --- ### 第二十七条の二十五（大量保有報告書に係る変更報告書の提出） — (Submission of a Statement of Changes to a Statement of Large-Volume Holdings) caption: Ministry of Justice translation — Japanese Law Translation Database System art-27-25 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-25 · https://japanlaw.org/l/323AC0000000025/art-27-25 **第一項** 大量保有報告書を提出すべき者は、大量保有者となつた日の後に、株券等保有割合（第二十七条の二十三第四項に規定する株券等保有割合をいう。以下この章において同じ。）が百分の一以上増加し又は減少した場合（保有株券等の総数の増加又は減少を伴わない場合を除く。以下この章において同じ。）その他の大量保有報告書に記載すべき重要な事項の変更として政令で定めるものがあつた場合は、内閣府令で定めるところにより、その日から五日以内に、当該変更に係る事項に関する報告書（以下「変更報告書」という。）を内閣総理大臣に提出しなければならない。ただし、株券等保有割合が百分の五以下であることが記載された変更報告書を既に提出している場合その他の内閣府令で定める場合については、この限りでない。 art-27-25/par-1 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-25/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-25/par-1 If, after the day on which a person that is required to submit a statement of large-volume holdings has become a large-volume holder, the ownership ratio of share certificates, etc. (meaning the ownership ratio of share certificates, etc. set forth in Article 27-23, paragraph (4); hereinafter the same applies in this Chapter) has increased or decreased by one percent or more (unless this is not linked to an increase or decrease in the total number of share certificates, etc. held by that person; hereinafter the same applies in this Chapter), or if there has been any other change that is specified by Cabinet Order as a change in a material particular that is required to be stated in the statement of large-volume holdings, such person must submit a report on the particulars of the change (hereinafter referred to as a "statement of changes") to the Prime Minister, within five days after the day of the change, pursuant to the provisions of Cabinet Office Order; provided, however, that this does not apply to cases where a change report reporting that the holding ratio of share certificates, etc. are five percent or less has already been submitted or to other cases specified by Cabinet Office Order. Ministry of Justice translation with a slip corrected by this site — not the Ministry's text; the Ministry printed: "If, after the day on which a person that is required to submit a statement of large-volume holdings has become a large-volume holder, the ownership ratio of share certificates, etc. (meaning the ownership ratio of share certificates, etc. set forth in Article 27-23, paragraph (4); hereinafter the same applies in this Chapter) has increased or decreased by one percent or more (unless this is not linked to an increase or decrease in the total number of share certificates, etc. held by that person; hereinafter the same applies in this Chapter), or if there has been any other change that is specified by Cabinet Order as a change in a material particular that is required to be stated in the statement of large-volume holdings, such person must submit a report on the particulars of the change (hereinafter referred to as a "statement of changes") to the Prime Minister, within five days after the day of the change, pursuant to the provisions of Cabinet Office Order; provided, however, that this does not apply that this does not apply to cases where a change report reporting that the holding ratio of share certificates, etc. are five percent or less has already been submitted or to other cases specified by Cabinet Office Order." — https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb **第二項** 株券等保有割合が減少したことにより変更報告書を提出する者は、短期間に大量の株券等を譲渡したものとして政令で定める基準に該当する場合においては、内閣府令で定めるところにより、譲渡の相手方及び対価に関する事項（譲渡を受けた株券等が僅少である者として政令で定める者については、対価に関する事項に限る。）についても当該変更報告書に記載しなければならない。 art-27-25/par-2 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-25/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-25/par-2 In a case that falls under the criteria specified by Cabinet Order as a case in which a large number of share certificates, etc. have been transferred within a short period, a person that submits a statement of changes due to a decrease in the ownership ratio of share certificates, etc. must also state in that statement of changes the particulars of the party to which the share certificates, etc. have been transferred and the consideration received (with regard to a person specified by Cabinet Order as a person to whom an insignificant number of share certificates, etc. have been transferred, limited to the particulars of the consideration received), pursuant to the provisions of Cabinet Office Order. Ministry of Justice translation — Japanese Law Translation Database System **第三項** 大量保有報告書又は変更報告書を提出した者は、これらの書類に記載された内容が事実と相違し、又は記載すべき重要な事項若しくは誤解を生じさせないために必要な重要な事実の記載が不十分であり、若しくは欠けていると認めるときは、訂正報告書を内閣総理大臣に提出しなければならない。 art-27-25/par-3 · https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-25/par-3 · https://japanlaw.org/l/323AC0000000025/art-27-25/par-3 If a person that has submitted a statement of large-volume holdings or a statement of changes finds that its content conflicts with the facts of the matter, that such a document insufficiently states or omits a statement as to a material particular that is required to be stated, or that such a document insufficiently states or omits a statement as to a material fact that is necessary to prevent it from being misleading, that person must submit an amended report to the Prime Minister. Ministry of Justice translation — Japanese Law Translation Database System --- ## Cites - art-27-25/par-1: 第二十七条の二十三第四項 → 金融商品取引法 第二十七条の二十三第四項 (Article 27-23, paragraph (4)), art-27-23/par-4 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-23/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-23/par-4 ## Cited by 14 provisions cite this one. No official source publishes this direction. - 金融商品取引法 第二十七条の二十三第一項（大量保有報告書の提出） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-23/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-23/par-1 - 金融商品取引法 第二十七条の二十三第四項（大量保有報告書の提出） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-23/par-4 · https://japanlaw.org/l/323AC0000000025/art-27-23/par-4 - 金融商品取引法 第二十七条の二十六第二項（特例対象株券等の大量保有者による報告の特例） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-26/par-2 · https://japanlaw.org/l/323AC0000000025/art-27-26/par-2 - 金融商品取引法 第二十七条の二十六第六項（特例対象株券等の大量保有者による報告の特例） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-26/par-6 · https://japanlaw.org/l/323AC0000000025/art-27-26/par-6 - 金融商品取引法 第二十七条の三十の二第一項（開示用電子情報処理組織の定義） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-27-30-2/par-1 · https://japanlaw.org/l/323AC0000000025/art-27-30-2/par-1 - 金融商品取引法 第百七十二条の七第一項（大量保有・変更報告書を提出しない者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-7/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-7/par-1 - 金融商品取引法 第百七十二条の八第一項（虚偽記載のある大量保有・変更報告書等を提出した者に対する課徴金納付命令） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-172-8/par-1 · https://japanlaw.org/l/323AC0000000025/art-172-8/par-1 - 金融商品取引法 第百九十七条の二第一項第五号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-197-2/par-1/item-5 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-5 - 金融商品取引法 第百九十七条の二第一項第六号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/art-197-2/par-1/item-6 · https://japanlaw.org/l/323AC0000000025/art-197-2/par-1/item-6 - 金融商品取引法 附則第三条第一項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4251-45/art-3/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-4251-45/art-3/par-1 - 金融商品取引法 附則第三条第二項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4261-44/art-3/par-2 · https://japanlaw.org/l/323AC0000000025/suppl-4261-44/art-3/par-2 - 金融商品取引法 附則第三条第三項 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-4261-44/art-3/par-3 · https://japanlaw.org/l/323AC0000000025/suppl-4261-44/art-3/par-3 - 金融商品取引法 附則第五条第一項（大量保有報告書に関する経過措置） — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-5061-32/art-5/par-1 · https://japanlaw.org/l/323AC0000000025/suppl-5061-32/art-5/par-1 - 金融商品取引法 附則第六条第一項第二号 — https://japanlaw.org/ja/financial-instruments-and-exchange-act/suppl-5061-32/art-6/par-1/item-2 · https://japanlaw.org/l/323AC0000000025/suppl-5061-32/art-6/par-1/item-2 --- ## Sources - claude-opus-5-5 — Corrections to the Ministry of Justice's English of paragraphs, written 2026-10-23 - 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 (金融商品取引法), Article 27-25, paragraph (1) — the Ministry of Justice's English as printed (https://www.japaneselawtranslation.go.jp/en/laws/view/4633/tb), 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