{"id":128018,"date":"2026-10-07T15:05:31","date_gmt":"2026-10-07T06:05:31","guid":{"rendered":"https:\/\/japanir.jp\/en\/ir\/3548-20261007-01_wp_executive_change\/"},"modified":"2026-10-07T15:05:31","modified_gmt":"2026-10-07T06:05:31","slug":"3548-20261007-01_wp_executive_change","status":"publish","type":"ir_release","link":"https:\/\/japanir.jp\/en\/company\/company-3548\/ir\/3548-20261007-01_wp_executive_change\/","title":{"rendered":"Notice of Change in Major Shareholders"},"content":{"rendered":"<p>A change occurred in the holdings of major shareholder Orix Corporation, with voting rights ratio moving from 10.00% to 9.98% while remaining the second-largest shareholder. The new major shareholder is unknown; the effective number of shares held is 36,182 shares, corresponding to 3,618,200 voting rights. Future governance impact is unclear.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","meta":{"Ticker":"","DATE":"","longName":"","company_name_ja":"","fullTimeEmployees":0,"address":"","phone":"","website":"","industry":"","sector":"","regularMarketPrice":0,"financialCurrency":"","marketCap":0,"fiftyTwoWeekLow":0,"fiftyTwoWeekHigh":0,"epsTrailingTwelveMonths":0,"epsForward":0,"bookValue":0,"totalRevenue":0,"OperatingIncome":0,"operatingMargins":0,"NetIncome":0,"profitMargins":0,"ebitda":0,"trailingPE":0,"forwardPE":0,"priceToBook":0,"returnOnEquity":0,"recommendationMean":0,"recommendationKey":"","targetMeanPrice":0,"numberOfAnalystOpinions":0,"analyst_earnings_data":"","dividendRate":0,"dividendYield":0,"payoutRatio":0,"totalEsg":0,"environmentScore":0,"socialScore":0,"governanceScore":0,"title":"","providerPublishTime":"","link":"","longBusinessSummary":"","longBusinessSummary_ja":"","quarterly_revenue":0,"quarterly_net_income":0,"quarterly_operating_profit":0,"enterprise_value":0,"price_fetched_at":"","company_officer_1_name":"","company_officer_1_title":"","company_officer_2_name":"","company_officer_2_title":"","company_officer_3_name":"","company_officer_3_title":"","company_officer_4_name":"","company_officer_4_title":"","company_officer_5_name":"","company_officer_5_title":"","company_officers_update_time":"","get_dividend_history_year1":0,"get_dividend_history_year2":0,"get_dividend_history_year3":0,"get_dividend_history_year4":0,"get_dividend_history_year5":0,"get_dividend_history_year6":0,"get_dividend_history_year7":0,"get_dividend_history_year8":0,"get_dividend_history_year9":0,"get_dividend_history_year10":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"jir_stock_code":"3548","jir_company_name":"Baroque Japan Limited","jir_importance":"\u2605\u2605\u2605\u2606\u2606","jir_publication_date":"2026-10-07","jir_source_link":"https:\/\/japanir.jp\/wp-content\/uploads\/2026\/10\/3548-20261007-01.pdf","jir_short_summary":"A change occurred in the holdings of major shareholder Orix Corporation, with voting rights ratio moving from 10.00% to 9.98% while remaining the second-largest shareholder. The new major shareholder is unknown; the effective number of shares held is 36,182 shares, corresponding to 3,618,200 voting rights. Future governance impact is unclear.","jir_summary":"### Details of the Change and Background\nOn October 6, 2026, a notification was received regarding sales by major shareholders including Orix Corporation, resulting in a change in major shareholders. Before the change, the major shareholder held 36,252 units, representing 3,625,200 voting rights and a 10.00% ratio, ranking second. After the change, holdings are 36,182 units, total voting rights 3,618,200, and the ratio is 9.98%, maintaining the second position.\n\n### Impact on Shareholder Composition and Going Forward\nThe ranking of major shareholders was estimated based on the record date of August 31, 2026. This disclosure makes it difficult to confirm the effective number of shares, and the future composition of shareholders and impact on voting rights are uncertain. In particular, identification of the new major shareholder and the future effects on capital policy and governance are unknown.","jir_financial_highlights":"Number of voting rights held by major shareholder (before change): 36,252 units (Before change)\nNumber of voting rights held by major shareholder (after change): 36,182 units (Decrease)\nShare of total shareholder voting rights (after change): 9.98% ( -0.02% points)\nNumber of shares (owned shares): 3,618,200 shares (Decrease)","jir_category":"","jir_hashtags":"#BaroqueJapanLimited_private #ShareholderChange","jir_key_figures":"Number of voting rights held by major shareholder (before change): 362,252 units\nTotal number of shareholder voting rights (before change): 3,625,200 shares\nNumber of voting rights held by major shareholder (after change): 362,?  (Unknown)\nTotal number of shareholder voting rights (after change): 3,618,200 shares","jir_meta_title":"Baroque Japan Limited \u2014 Notice of Change in Major Shareholders | October 2026","jir_meta_description":"Report on changes in voting rights ratios following sales notifications from major shareholders including Orix Corporation. Estimated holdings and voting rights before and after the change are provided. Future governance impacts are undetermined.","jir_og_title":"Notice of Change in Major Shareholders | Baroque Japan Limited October 2026","jir_og_description":"Announcement regarding changes among major shareholders including Orix Corporation. The change in voting rights ratios and the future impact on shareholder composition are uncertain.","jir_og_image_url":"\/assets\/og\/company-general_ir.jpg","jir_chart_data_collection":"[]","ir_related_company":57367,"ir_release_date":"","ir_type":"","ir_is_new":false,"ir_document_url":"","jir_ir_type":"executive_change","footnotes":""},"sector":[],"importance":[],"class_list":["post-128018","ir_release","type-ir_release","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Notice of Change in Major Shareholders - Japan IR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/japanir.jp\/en\/company\/company-3548\/ir\/3548-20261007-01_wp_executive_change\/\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/japanir.jp\/en\/company\/company-3548\/ir\/3548-20261007-01_wp_executive_change\/\",\"url\":\"https:\/\/japanir.jp\/en\/company\/company-3548\/ir\/3548-20261007-01_wp_executive_change\/\",\"name\":\"Notice of Change in Major Shareholders - 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