Alpen completes restricted stock compensation payment procedures

Alpen Co., Ltd. confirmed on November 21, 2025, the completion of payment procedures for the disposition of treasury shares as restricted stock compensation. This follows the resolution passed at the board of directors meeting held on October 22, 2025. The company disposed of 9,485 shares of its common stock.

The total disposal amount for these shares was JPY 21,682,710, with a per-share price of JPY 2,286. The recipients of these shares include two directors (excluding audit and supervisory committee members and outside directors) who received 3,500 shares, and eleven executive officers who received 5,985 shares.