TOKYO -- Japanese electronics retailer Yamada Denki's group pretax profit probably declined 11% on the year to about 48 billion yen ($431 million) for the nine months ended Dec. 31, the first drop for the period since 2013.
The soft yen a year earlier generated more than 3 billion yen in exchange gains from overseas operations. The loss of this effect in 2017 also contributed to the profit decline.
