Japan Post Holdings and affiliated entities report a 10.12% stake in AFLAC Inc., totaling 52,280,700 shares. The filing states these shares are held by J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with related ownership ties to General Incorporated Association J&A Alliance and Kenji Sano. The shares outstanding figure of 516,369,452 used to calculate the percentage is cited as of February 16, 2026.
Positive
None.
Negative
None.
Insights
Major passive disclosure showing a single trust holding a material stake (10.12%).
The filing lists 52,280,700 shares held directly by J&A Alliance Holdings Corporation in its role as trustee of the J&A Alliance Trust. Related entities and an individual are disclosed as potentially beneficial through ownership chains, with disclaimers of beneficial ownership included.
Voting and dispositive powers are reported as shared through the trustee structure; the filing ties the percentage to an outstanding share count of February 16, 2026. Further changes would be reflected in subsequent ownership amendments.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 3)
AFLAC INC
(Name of Issuer)
Common Stock
(Title of Class of Securities)
03/03/2026
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
Japan Post Holdings Co., Ltd.
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
JAPAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
0.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
52,280,700.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
52,280,700.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.12 %
12
Type of Reporting Person (See Instructions)
FI
Comment for Type of Reporting Person: Percent of class shown in Row 11 is based on 516,369,452 shares of common stock of Aflac Inc. (the "Issuer"), par value $0.10 per share ("Common Stock") outstanding as of February 16, 2026, as reported in the Issuer's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on February 25, 2026.
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
J&A Alliance Holdings Corporation
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
DELAWARE
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
52,280,700.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
52,280,700.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
52,280,700.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.12 %
12
Type of Reporting Person (See Instructions)
CO
Comment for Type of Reporting Person: Percent of class shown in Row 11 is based on 516,369,452 shares of Common Stock outstanding as of February 16, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 25, 2026.
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
General Incorporated Association J&A Alliance
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
JAPAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
52,280,700.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
52,280,700.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.12 %
12
Type of Reporting Person (See Instructions)
FI
Comment for Type of Reporting Person: Percent of class shown in Row 11 is based on 516,369,452 shares of Common Stock outstanding as of February 16, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 25, 2026.
SCHEDULE 13G
CUSIP Number(s):
1
Names of Reporting Persons
Kenji Sano
2
Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
3
Sec Use Only
4
Citizenship or Place of Organization
JAPAN
Number of Shares Beneficially Owned by Each Reporting Person With:
5
Sole Voting Power
0.00
6
Shared Voting Power
52,280,700.00
7
Sole Dispositive Power
0.00
8
Shared Dispositive Power
0.00
9
Aggregate Amount Beneficially Owned by Each Reporting Person
52,280,700.00
10
Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
11
Percent of class represented by amount in row (9)
10.12 %
12
Type of Reporting Person (See Instructions)
IN
Comment for Type of Reporting Person: Percent of class shown in Row 11 is based on 516,369,452 shares of Common Stock outstanding as of February 16, 2026, as reported in the Issuer's Form 10-K filed with the SEC on February 25, 2026.
SCHEDULE 13G
Item 1.
(a)
Name of issuer:
AFLAC INC
(b)
Address of issuer's principal executive offices:
1932 WYNNTON RD, COLUMBUS, GA 31999
Item 2.
(a)
Name of person filing:
Japan Post Holdings Co., Ltd.
J&A Alliance Holdings Corporation
General Incorporated Association J&A Alliance
Kenji Sano
Yoshiyuki Koiwa, previously a filing person, passed away in 2024 and, as a result, is no longer a holder of equity interests in General Incorporated Association J&A Alliance. As a result, he is no longer a filing person to this Schedule 13G.
(b)
Address or principal business office or, if none, residence:
Japan Post Holdings Co., Ltd.
2-3-1, Otemachi, Chiyoda-ku
Tokyo 100-8791, Japan
J&A Alliance Holdings Corporation
c/o J&A Alliance Trust
1501 North Tower, Yurakucho Denki Building
7-1, Yurakucho 1-chome Chiyoda-ku,
Tokyo 100-0006, Japan
General Incorporated Association J&A Alliance
Tokyo Kyodo Accounting Office
1-4-1 Marunouchi, Chiyoda-ku
Tokyo 100-0005, Japan
Kenji Sano
c/o General Incorporated Association J&A Alliance
Tokyo Kyodo Accounting Office
1-4-1 Marunouchi, Chiyoda-ku
Tokyo 100-0005, Japan
(c)
Citizenship:
J&A Alliance Holdings Corporation is a corporation organized under the laws of the State of Delaware.
General Incorporated Association J&A Alliance is a general incorporated association organized under the laws of Japan.
Japan Post Holdings Co., Ltd. is a corporation organized under the laws of Japan.
Kenji Sano is a citizen of Japan.
(d)
Title of class of securities:
Common Stock
(e)
CUSIP No.:
001055102
Item 3.
If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)
Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)
An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)
An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)
A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:
(k)
Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.
Ownership
(a)
Amount beneficially owned:
52,280,700 shares of Common Stock 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.
(b)
Percent of class:
10.12 %
(c)
Number of shares as to which the person has:
(i) Sole power to vote or to direct the vote:
See Item 4(a).
(ii) Shared power to vote or to direct the vote:
See Item 4(a).
(iii) Sole power to dispose or to direct the disposition of:
See Item 4(a).
(iv) Shared power to dispose or to direct the disposition of:
See Item 4(a).
Item 5.
Ownership of 5 Percent or Less of a Class.
Not Applicable
Item 6.
Ownership of more than 5 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 or Control Person.
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.
Certifications:
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.
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.
Japan Post Holdings Co., Ltd.
Signature:
/s/ Nobuyasu Kato
Name/Title:
Nobuyasu Kato/Rep Exec Ofr, Executive Vice President
What stake does Japan Post Holdings report in AFL (AFLAC)?
Japan Post and affiliates report a 10.12% stake, equal to 52,280,700 shares. The percentage is calculated using 516,369,452 shares outstanding as of February 16, 2026, and the shares are held by J&A Alliance Holdings Corporation as trustee.
Who directly holds the AFL shares listed in the Schedule 13G/A?
J&A Alliance Holdings Corporation holds the 52,280,700 shares directly as trustee. The filing explains ownership links through General Incorporated Association J&A Alliance and individual Kenji Sano, with each providing disclaimers of beneficial ownership.
How was the 10.12% ownership percentage calculated in the filing?
The filing bases 10.12% on 516,369,452 shares outstanding. That outstanding share count is cited from AFLAC's Form 10-K as of February 16, 2026 and is used to compute the reported percentage.
Does the filing indicate sole voting or dispositive power over the AFL shares?
The filing reports no sole voting or dispositive power; powers are shared through the trustee structure. Item 4 describes that voting and disposition authority arises from the trustee relationship and affiliated ownership links.
Why are multiple entities listed as filing persons for the AFL stake?
Multiple entities are listed because of ownership and trustee relationships tied to the Trust. J&A Holdings is trustee, General Incorporated owns J&A Holdings, and Kenji Sano owns General Incorporated, so each is disclosed with disclaimers of beneficial ownership.
