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Japan courier Yamato turns profit on stay-at-home demand

Redeliveries decline, but B2B operations squeezed by pandemic fallout

Yamato Holdings, Japan's largest parcel delivery service, has seen earnings swing back to positive territory. (Photo by Wataru Ito) 

TOKYO -- Yamato Holdings, Japan's leading package deliverer, is set to report a group operating profit of roughly 8 billion yen ($74.7 million) for the first quarter through June, reversing the loss suffered a year earlier.

The rebound for Yamato Transport's parent is mainly credited to a resurgence of online orders from consumers cooped up at home amid the novel coronavirus outbreak. And more people were home to receive packages, which cut down on costly redeliveries.

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