Alpen creates trust to manage chairman's share sale, boost liquidity

Alpen Corporation has established a stock supply-demand buffer trust, effective December 24, 2025, to increase its circulating shares. The trust will acquire up to 2,500,000 shares, representing 6.48% of total outstanding shares (excluding treasury stock), from chairman Taizo Mizuno, who currently holds 17.40%. The acquisition, valued at up to JPY 6,250,000,000, will occur between December 26, 2025, and January 7, 2026, via ToSTNeT-2 transactions.

The trust aims to mitigate potential negative impacts on market supply and demand by gradually selling the acquired shares in the open market over the trust period, which extends from December 24, 2025, to July 1, 2026. The sales will consider market conditions and aim for approximately 15% of daily trading volume, with the possibility of temporary suspension during significant price declines.

Alpen will contribute JPY 6,317,375,000 as capital to the trust. The company expects the initiative to improve stock market liquidity, support sustained compliance with TSE Prime market listing standards, and enhance its floating stock market capitalization for institutional investors. The financial impact of the trust on Alpen's performance will be disclosed in quarterly reports.