非ひ公こう開かい会がい社しゃ

noun

privately-held company; unlisted company

A company whose shares are not publicly traded; often contrasted with 公開会社 (publicly traded company). Common in legal and business contexts.

• 非ひ公こう開かい会社がいしゃは株かぶ式しきを一いっ般ぱんに公こう開かいしていない。