[Form 3] AFLAC INC Initial Statement of Beneficial Ownership

Rhea-AI Filing Summary

Japan Post Holdings Co., Ltd. filed an initial Form 3 as a 10% owner of Aflac Inc., reporting indirect beneficial ownership of 52,300,000 shares of Aflac common stock. The shares are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust.

General Incorporated Association J&A Alliance and Kenji Sano may be deemed beneficial owners through their ownership of J&A Holdings and its parent entity. Japan Post, General Incorporated, and Kenji Sano each expressly disclaim beneficial ownership of these securities except to the extent of any pecuniary interest.

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

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Japan Post Holdings Co., Ltd.

(Last) (First) (Middle)

2-3-1, OTEMACHI, CHIYODA-KU

(Street)

TOKYO M0 100-8791

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/04/2026

3. Issuer Name and Ticker or Trading Symbol
AFLAC INC [ AFL ]

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

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

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

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

X	Form filed by One Reporting Person
	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 Stock	52,300,000	I	See footnote(1)

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

Explanation of Responses:

1. The reported securities are held directly by J&A Alliance Holdings Corporation ("J&A Holdings"), in its capacity as the trustee of the J&A Alliance Trust (the "Trust"). General Incorporated Association J&A Alliance ("General Incorporated") and Kenji Sano each may be deemed to beneficially own the securities held by J&A Holdings (in its capacity as trustee of the Trust) because (i) General Incorporated owns J&A Holdings and (ii) Kenji Sano owns 100% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. ("Japan Post") may be deemed to beneficially own the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, due to its role as the sole settlor and beneficiary of the Trust. Each of General Incorporated, Kenji Sano and Japan Post expressly disclaim beneficial ownership of the reported securities except to the extent of its pecuniary interest therein.

	/s/ Nobuyasu Kato, Rep. Exec. Officer and Executive Vice President of Japan Post Holdings Co., Ltd.	02/13/2026
	** 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.

FAQ

What does Japan Post Holdings report in its AFL (Aflac) Form 3 filing?

Japan Post Holdings reports indirect beneficial ownership of 52,300,000 Aflac common shares on Form 3. The shares are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post identified as a 10% owner of AFL.

How are the 52,300,000 AFL shares held according to this Form 3?

The 52,300,000 AFL common shares are held by J&A Alliance Holdings Corporation in its capacity as trustee of the J&A Alliance Trust. This structure means Japan Post’s reported interest in Aflac is indirect, through the trust and its trustee entity.

Which entities besides Japan Post are linked to the AFL shares in this Form 3?

The filing links General Incorporated Association J&A Alliance, J&A Alliance Holdings Corporation, and Kenji Sano to the Aflac shares. General Incorporated owns J&A Holdings, and Kenji Sano owns 100% of General Incorporated’s equity interests, creating layered beneficial ownership.

Does Japan Post fully own the reported AFL shares in this Form 3?

No. The filing states Japan Post, General Incorporated, and Kenji Sano each expressly disclaim beneficial ownership of the Aflac shares, except to the extent of their pecuniary interest. This limits their claimed ownership to economic, not absolute, rights.

Is the Form 3 for AFL reporting a transaction or existing holdings?

The Form 3 for AFL reports existing indirect holdings of Aflac common stock, not a new buy or sell transaction. It shows 52,300,000 shares beneficially owned indirectly after the reported date, consistent with an initial ownership statement requirement.

What is Japan Post’s status in relation to AFL in this Form 3?

Japan Post Holdings Co., Ltd. is identified as a 10% owner of Aflac Inc. (AFL) in this Form 3. Its reported interest arises through its role as sole settlor and beneficiary of the J&A Alliance Trust that holds Aflac shares via J&A Holdings.