設立 せつりつ 発行 はっこう株式 かぶしきでしょう
setsuritsuji hakkōkabushikideshō

Noun
Desu Copula

Expresses probability in a polite manner ("probably…") of 設立時発行株式

1. Probably issued at incorporation.

Polite
Presumptive
Conjecture
Finance