{
  "report_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.88 vs. cons $1.84",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Aflac Japan total benefit ratio",
      "prediction": "BEAT",
      "answer": "pred ~61.5% vs. cons 62.2%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Aflac Japan new annualized premium sales",
      "prediction": "BEAT",
      "answer": "pred ~\u00a521.6B vs. cons \u00a521.0B",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Aflac Japan full-year sales aspiration",
      "prediction": "BETTER",
      "answer": "guide ~\u00a580B vs. cons \u00a579.5B (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Aflac Japan benefit ratio",
      "prediction": "UNCHANGED",
      "answer": "guide ~61.5% vs. cons 61.5% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Aflac U.S. benefit ratio",
      "prediction": "UNCHANGED",
      "answer": "guide ~50.0% vs. cons 50.0% (FY2026)",
      "confidence": "HIGH"
    },
    {
      "kpi": "Aflac Japan underlying earned-premium growth",
      "prediction": "UNCHANGED",
      "answer": "guide ~-1.5% vs. cons -1.5% (FY2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "Aflac Japan cyber-incident cost and operating-impact commentary",
      "prediction": "BETTER",
      "answer": "guide ~$10M vs. cons $20M (2H2026)",
      "confidence": "LOW"
    }
  ],
  "day1_residual_pct": 1.2,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": 0.5,
  "day5_path": "STABILIZE",
  "day5_rationale": "A modest EPS and Japan-sales beat (~$1.88 vs. $1.84 and ~\u00a521.6B vs. \u00a521.0B) is likely offset by largely unchanged FY2026 benefit-ratio and underlying-premium guidance (~61.5% vs. 61.5% and ~-1.5% vs. -1.5%), limiting out-period estimate revisions after an initially positive reaction.",
  "day5_confidence": "MEDIUM"
}