Japan Post Holdings Co. Ltd. disposed of approximately $1.5 million in Aflac Inc. common shares on August 21, 2026, according to regulatory filings.
The transaction involved the sale of 12,820 shares at a weighted average price of $116.28, with individual prices ranging between $116.00 and $116.93. An additional 80 shares were sold at a weighted average price of $117.07, with prices between $117.03 and $117.11. Aflac’s shares were trading at $116.88 at the time of the sale, with a market capitalization of $11.5 billion and a P/E ratio of 12.51.
Following the disposal, Japan Post Holdings retains beneficial ownership of 50,791,790 Aflac shares, representing roughly 10% of the insurer’s outstanding stock. The shares were held indirectly through J&A Alliance Holdings Corporation as trustee of the J&A Alliance Trust, with Japan Post listed as the sole settlor and beneficiary. The General Incorporated Association J&A Alliance, Kenji Sano, and Tetsuya Numaguchi were also cited as potential beneficial owners, though all parties disclaimed ownership beyond their pecuniary interest.
Aflac reported adjusted earnings per share of $1.75 for Q2 2026, missing the $1.78 forecast from analysts. Revenue totaled $4.12 billion, slightly exceeding the $4.11 billion estimate. Wolfe Research initiated coverage of Aflac with an underperform rating and set a price target of $103.00, citing concerns over a slowdown in the insurer’s primary third-sector operations in Japan.
