Baba Ryoji (RYOJ) reports large direct and indirect share holdings

Rhea-AI Filing Summary

rYojbaba Co., Ltd. filed an initial insider ownership report for CEO and Interim CFO Baba Ryoji and affiliated entity Miracle Exploration Technologies Ltd. The filing shows direct ownership of 4,813,000 common shares and indirect ownership of 3,211,000 common shares through Miracle Exploration, over which Baba has sole voting and dispositive power.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Baba Ryoji

(Last) (First) (Middle)

C/O RYOJBABA CO., LTD.

4-3-1, OHASHI, MINAMI-KU

(Street)

FUKUOKA-SHI FUKUOKA, 815-0033

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/18/2026

3. Issuer Name and Ticker or Trading Symbol
rYojbaba Co., Ltd. [ RYOJ ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Interim CFO

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Shares, no par value	4,813,000	D
Common Shares, no par value	3,211,000	I(1)	By Virtue of 100% Owner of Miracle Exploration Technologies Ltd.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Baba Ryoji

(Last) (First) (Middle)

C/O RYOJBABA CO., LTD.

4-3-1, OHASHI, MINAMI-KU

(Street)

FUKUOKA-SHI FUKUOKA, 815-0033

(City) (State) (Zip)

UNITED STATES

(Country)

Relationship of Reporting Person(s) to Issuer

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
	CEO and Interim CFO

1. Name and Address of Reporting Person^*

Miracle Exploration Technologies Ltd.

(Last) (First) (Middle)

C/O RYOJBABA CO., LTD.

4-3-1, OHASHI, MINAMI-KU

(Street)

FUKUOKA-SHI FUKUOKA, 815-0033

(City) (State) (Zip)

JAPAN

(Country)

Relationship of Reporting Person(s) to Issuer

	Director	X	10% Owner
	Officer (give title below)		Other (specify below)

Explanation of Responses:

1. Miracle Exploration Technologies Ltd., is 100% owned by Ryoji Baba, who has sole voting and dispositive power over the shares held by Miracle Exploration Technologies Ltd. As Ryoji Baba has sole voting and dispositive power over these common shares, he is deemed to be the beneficial owner of these common shares.

Remarks:

This Form 3 is filed jointly by Miracle Exploration Technologies Ltd. and Ryoji Baba. Exhibit 24 - Power of Attorney

	/s/ Ryoji Baba	03/18/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does rYojbaba Co., Ltd. (RYOJ) disclose in this Form 3?

The Form 3 discloses initial insider ownership for CEO and Interim CFO Baba Ryoji. It reports his direct and indirect holdings of common shares, establishing his status as a significant shareholder and ten percent owner at rYojbaba Co., Ltd.

How many rYojbaba (RYOJ) shares does Baba Ryoji own directly?

Baba Ryoji directly holds 4,813,000 common shares of rYojbaba Co., Ltd. This position is reported as direct ownership, reflecting shares registered in his own name rather than through an affiliated entity or intermediary structure.

What is Miracle Exploration Technologies Ltd.’s role in RYOJ share ownership?

Miracle Exploration Technologies Ltd. holds 3,211,000 rYojbaba common shares. It is 100% owned by Baba Ryoji, who has sole voting and dispositive power over these shares, so he is deemed the beneficial owner of Miracle Exploration’s holdings.

Is this rYojbaba (RYOJ) Form 3 reporting a new transaction?

The Form 3 does not report any specific buy or sell transactions. It serves as an initial statement of beneficial ownership, listing existing direct and indirect common share positions held by Baba Ryoji and Miracle Exploration Technologies Ltd.

Why is Baba Ryoji considered a ten percent owner of rYojbaba (RYOJ)?

Baba Ryoji is classified as a ten percent owner because his direct holdings and indirect holdings through Miracle Exploration Technologies Ltd. together represent a significant stake. The filing identifies both him and Miracle Exploration as ten percent owners.

Does Baba Ryoji control the RYOJ shares held by Miracle Exploration?

Yes. The footnote explains that Miracle Exploration Technologies Ltd. is 100% owned by Baba Ryoji, and he has sole voting and dispositive power over its common shares, making him the beneficial owner of those indirectly held rYojbaba shares.