AFL AFLAC Inc

CUSIP No. 001055102

1.

Name of Reporting Person
Japan Post Holdings Co., Ltd.

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

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

6.

Shared Voting Power
0

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
37,125,850

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
37,125,850

10.

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11.

Percent of Class Represented by Amount in Row (9)
5.0%(1)

12.

Type of Reporting Person
FI

CUSIP No. 001055102

1.

Name of Reporting Person
J&A Alliance Holdings Corporation

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
State of Delaware

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

6.

Shared Voting Power
37,125,850

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
37,125,850

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
37,125,850

10.

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11.

Percent of Class Represented by Amount in Row (9)
5.0%(1)

12.

Type of Reporting Person
CO

CUSIP No. 001055102

1.

Name of Reporting Person
General Incorporated Association J&A Alliance

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

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

6.

Shared Voting Power
37,125,850

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
37,125,850

10.

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11.

Percent of Class Represented by Amount in Row (9)
5.0%(1)

12.

Type of Reporting Person
FI

CUSIP No. 001055102

1.

Name of Reporting Person
Yoshiyuki Koiwa

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

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

6.

Shared Voting Power
37,125,850

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
37,125,850

10.

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11.

Percent of Class Represented by Amount in Row (9)
5.0%(1)

12.

Type of Reporting Person
IN

CUSIP No. 001055102

1.

Name of Reporting Person
Kenji Sano

2.

Check the Appropriate Box if a Member of a Group

(a)

o

(b)

o

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

6.

Shared Voting Power
37,125,850

7.

Sole Dispositive Power
0

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
37,125,850

10.

Check box if the Aggregate Amount in Row (9) Excludes Certain Shares  o

11.

Percent of Class Represented by Amount in Row (9)
5.0%(1)

12.

Type of Reporting Person
IN

Item 1 (a).

Name of Issuer:
Aflac Inc. (the “Issuer”)

Item 1 (b).

Address of Issuer’s Principal Executive Offices:
1932 Wynnton Road

Columbus, Georgia 31999

Item 2 (a).

Name of Person Filing:

This Schedule 13G is being made on behalf of (collectively, the “Filers”).

J&A Alliance Holdings Corporation

General Incorporated Association J&A Alliance

Japan Post Holdings Co., Ltd.

Yoshiyuki Koiwa

Kenji Sano

Each of the Filers have entered into a Joint Filing Agreement, dated October 7, 2019, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which such reporting persons have agreed to file this statement jointly in accordance with the provisions of 13d-1(k)(1) under the Securities Exchange Act of 1934.

Item 2 (b).

Address of Principal Business Office or, if none, Residence:

J&A Alliance Holdings Corporation

c/o J&A Alliance Trust

1007 Fukoku Seimei Building, 2-2-2 Uchisaiwai-cho, Chiyoda-ku

Tokyo 100-0011, Japan

General Incorporated Association J&A Alliance

Tokyo Kyodo Accounting Office

3-1-1 Marunouchi, Chiyoda-ku

Tokyo 100-0005, Japan

Japan Post Holdings Co., Ltd.

2-3-1, Otemachi, Chiyoda-ku

Tokyo 100-8791, Japan

Yoshiyuki Koiwa

c/o General Incorporated Association J&A Alliance

Tokyo Kyodo Accounting Office

3-1-1 Marunouchi, Chiyoda-ku

Tokyo 100-0005, Japan

Kenji Sano

c/o General Incorporated Association J&A Alliance

Tokyo Kyodo Accounting Office

3-1-1 Marunouchi, Chiyoda-ku

Tokyo 100-0005, Japan

Item 2 (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.

Yoshiyuki Koiwa and Kenji Sano are citizens of Japan.

Item 2 (d).

Title of Class of Securities:
Common stock of the Issuer (“common stock”).

Item 2 (e).

CUSIP Numbers:
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)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E).

(f)

o

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F).

(g)

o

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G).

(h)

o

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)

o

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)

o

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J).

(k)

o

Group, in accordance with § 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

§ 240.13d-1(b)(1)(ii)(J), please specify the type of institution:____________________________

Item 4.

Ownership.

(a)

Amount beneficially owned:   

37,125,850 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”), Yoshiyuki Koiwa and Kenji Sano may each be deemed to share voting power over the shares of common stock owned directly by J&A Holdings, in its capacity as the trustee of the Trust, because (i) General Incorporated owns J&A Holdings and (ii) Yoshiyuki Koiwa and Kenji Sano each own 50% of the equity interests in General Incorporated. Japan Post Holdings Co., Ltd. may be deemed to share investment power over 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 the Filers, other than J&A Holdings, expressly disclaims beneficial ownership of the shares held directly by J&A Holdings (in its capacity as the trustee of the Trust).

(b)

Percent of class:

5.0%

(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 Five Percent or Less of Class.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following   o.

Item 6.

Ownership of More than Five 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.

Certification.

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.

J&A ALLIANCE HOLDINGS CORPORATION

/s/ Hiroki Moriyama

Name: Hiroki Moriyama

Title: Director, President and Secretary

GENERAL INCORPORATED ASSOCIATION J&a ALLIANCE

/s/ Yoshiyuki Koiwa

Name: Yoshiyuki Koiwa

Title: Representative Director

JAPAN POST HOLDINGS CO., LTD.

/s/ Hiroaki Kawamoto

Name: Hiroaki Kawamoto

Title: Managing Executive Officer

/s/ Yoshiyuki Koiwa

Name: Yoshiyuki Koiwa

/s/ Kenji Sano

Name: Kenji Sano