Japan Post Holdings Sells 13,000 Shares of Aflac ($1.46M)

Transaction Analysis: Japan Post Holdings Co., Ltd. Sale of Aflac Inc. ($AFL)

Overview

On October 5, 2026, Japan Post Holdings Co., Ltd., a 10% beneficial owner of Aflac Inc., executed an open-market sale of 13,000 shares of Common Stock at a weighted average price of $112.25 per share (ranging from $111.85 to $112.47). The total transaction value was approximately $1.46 million.

Ownership Structure and Nature of Holding

The shares are held indirectly through J&A Alliance Holdings Corporation, acting as trustee for the J&A Alliance Trust, where Japan Post Holdings serves as the sole settlor and beneficiary. Following this transaction, Japan Post retains indirect beneficial ownership of 50,407,190 shares of Aflac Common Stock.

Plan and Materiality

• 10b5-1 Plan Indicator: The filing confirms the transaction was executed pursuant to a Rule 10b5-1 trading plan.
• Relative Impact: The 13,000 shares sold represent approximately 0.026% of Japan Post's aggregate position of over 50.4 million shares.
• Trading Significance: Low. The disposition represents a minuscule fraction of Japan Post's core strategic stake in Aflac and was completed in accordance with a pre-established 10b5-1 plan.