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Companies

Yamato bounces back to profitability as price hikes take effect

Courier succeeds in curbing orders, but moving unit scandal remains a risk

Yamato raised prices for package delivery and avoided heavy outsourcing costs. (Photo by Manami Yamada)

TOKYO -- Yamato Holdings looks to have generated close to 20 billion yen ($178 million) in operating profit for the April-September half, as the Japanese logistics company boosted margins through price increases for its package delivery service.

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