TOKYO -- Yamada Denki's operating profit apparently rose about 10% on the year to around 47 billion yen ($411 million) for the nine months ended December on robust sales of profitable home appliances and a review of how its stores are run.
Sales are seen down 4% at some 1.15 trillion yen. The electronics retailer had enjoyed a boost from closeout sales in the same period of 2015, when it shuttered 90 or so unprofitable locations. Though more customers replaced televisions with high-definition 4K models this fiscal year, the benefits were limited.
