Wholly-Owning Parent Companies Article 218-3 The stock company prescribed by Order of the Ministry of Justice as established in Article 847-2, paragraph (1) of the Act is a particular stock company if the particular stock company and a Wholly-Owned Subsidiary Company of the particular stock company (meaning a stock company in which the particular stock company holds the entirety of the Issued Shares; hereinafter the same applies in this Article) or a Wholly-Owned Subsidiary Company of the particular stock company holds the entirety of the Issued Shares of the relevant stock company under Article 847-2, paragraph (1) of the Act.
Regarding the application of the provisions of the preceding paragraph, if a particular stock company of the same paragraph and a Wholly-Owned Subsidiary Company of the particular stock company hold or a Wholly-Owned Subsidiary Company of the particular stock company holds the entirety of the Issued Shares of another stock company, the relevant other stock company is deemed to be a Wholly-Owned Subsidiary Company.