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Companies

Weak e-commerce parcel deliveries hit Yamato's operating profit

Likely saw nearly 30% fall in April-December on slower Amazon business

Yamato Holdings, Japan's largest parcel delivery service, has seen earnings hit by a decline in business from e-commerce companies such as Amazon Japan. (Photo by Wataru Ito) 

TOKYO -- Yamato Holdings' operating profit likely fell nearly 30% from a year earlier to around 55 billion yen ($500 million) in the nine months to December 2019, as its earnings continued to languish.

The top door-to-door delivery company in Japan has been hit by a sharp drop in home deliveries of packages after major customers in online retailing, including Amazon Japan, cut back on use of its service.

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