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Clifford Chance
Briefings

Briefings

Japan Companies Act reform: Public Consultation on interim draft amendments

13 April 2026

On 2 April 2026, Japan’s Ministry of Justice launched a public consultation on proposed amendments to the Companies Act. This is a key step in Japan’s ongoing corporate law reform. The interim draft proposes changes to share issuance, shareholders’ meetings, corporate governance and disclosure requirements. The public consultation is open until 22 May 2026. Investors and listed companies should monitor developments, as some proposals could affect AGM planning, shareholder engagement, incentive structures and public M&A transactions. While the draft is not yet final and many issues remain open for comment, the process signals progress towards further modernising Japan’s corporate legal framework.

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