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



                                  SCHEDULE 13G



                   Under the Securities Exchange Act of 1934

                              (Amendment No. 12)*

                        Baldwin Technology Company, Inc.
                        --------------------------------
                                (Name of Issuer)

                              Class A Common Stock
                              --------------------
                         (Title of Class of Securities)

                                  058264-10-2
                                 -------------
                                 (CUSIP Number)




Check the following box if a fee is being paid with this statement  (A fee is
not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7).


*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities; and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.


The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).


                         (Continued on following pages)

                                  Page 1 of 5

_____________________________________________________________________
CUSIP No. 058264-10-2                           13G
_____________________________________________________________________
[1]  NAME OF REPORTING PERSON
     S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
               AKIRA HARA
_____________________________________________________________________
[2]  CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:*
                       [ ] (a)  [ ] (b)
_____________________________________________________________________
[3]  SEC USE ONLY
_____________________________________________________________________
[4]  CITIZENSHIP OR PLACE OF ORGANIZATION
                       JAPANESE
_____________________________________________________________________
              NUMBER OF               : [5]  SOLE VOTING POWER
                                      :          1,093,018 (ITEM 4)
               SHARES                 :______________________________
                                      : [6]  SHARED VOTING POWER
            BENEFICIALLY              :       NONE
                                      :______________________________
               OWNED BY               : [7]  SOLE DISPOSITIVE POWER
                                      :          1,093,018  (ITEM 4)
                 EACH                 :______________________________
                                      : [8]  SHARED DISPOSITIVE POWER
           REPORTING PERSON           :       NONE
______________________________________:______________________________
[9] AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
            1,093,018  (ITEM 4)
_____________________________________________________________________
[10] CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES CERTAIN
     SHARES*    [ ]
_____________________________________________________________________
[11]  PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
             APPROXIMATELY 8.2%
_____________________________________________________________________
[12]  TYPE OF REPORTING PERSON*
             INDIVIDUAL
_____________________________________________________________________

                     * SEE INSTRUCTIONS BEFORE FILLING OUT!

                                  Page 2 of 5

Item 1(a)     Name of Issuer:

              Baldwin Technology Company, Inc.

Item 1(b)     Address of Issuer's Principal Executive Offices:

              12 Commerce Drive, Shelton, CT 06484

Item 2(a)     Name of Person Filing:

              Akira Hara

Item 2(b)     Address of Principal Business Office or, if none, residence:

              c/o Baldwin Japan Ltd.
              4-34 Toyo 2-chome
              Kohtoh-ku, Tokyo 135
              Japan

Item 2(c)     Citizenship:  Japanese

Item 2(d)     Title of Class of Securities:

              Class A Common Stock

Item 2(e)     CUSIP Number:  058264-10-2

Item 3.       N/A.  Person filing this Amendment is not an entity
              listed in this Item.

Item 4.       Ownership:

              (a)   As of December 31, 2002, Mr. Akira Hara owns 1,093,018
                    shares of Class A Common Stock, including 634,418 shares
                    owned directly; 260,600 shares which he has a right to
                    receive upon conversion of 260,000 shares of Class B Common
                    Stock; 128,000 shares which he has the right to acquire upon
                    the exercise of stock options exercisable within 60 days;
                    and 70,000 shares which he has a right to acquire/receive
                    upon exercise of stock options exercisable within 60 days
                    and conversion of 70,000 shares of Class B Common Stock.

                                  Page 3 of 5

              (b)   Percent of Class: 8.2%

              (c)   Mr. Akira Hara has sole power to vote, dispose and
                    direct the disposition of all 1,093,018 shares
                    which he beneficially owns.

Item 5.       Ownership of Five Percent or Less of a Class.

              Not Applicable

Item 6.       Ownership of More than Five Percent on Behalf of Another Person.

              Not Applicable

Item 7.       Identification and Classification of the Subsidiary Which Acquired
              the Security Being Reported on By the Parent Holding Company.

              Not Applicable

Item 8.       Identification and Classification of Members of the Group.

              Not Applicable

Item 9.       Notice of Dissolution of Group.

              Not Applicable

Item 10.      Certification.

              Not Applicable


                                  Page 4 of 5

                                   SIGNATURE

       After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.


February 12, 2003                             /s/ Akira Hara
                                              --------------------------------
                                                  Akira Hara



                                  Page 5 of 5