makita shares rose sharply tuesday morning after the japanese manufacturer of power tools posted a 59 increase in its firstquarter net profit thanks to lower operating costs and a weaker yen shares were recently 15 higher at 4572 yen after rising as much as 18 earlier makita said after mondays market close that net profit climbed to y11185 billion 786 million for the quarter ended june from y1056 billion a year earlier firstquarter revenue fell 56 to y184455 billion as interestrate increases in various regions weighed on housing demand the company said revenue for north america dropped 11 to y2482 billion yet a weaker yen and declines in selling general and administrative expenses helped buoy its bottom line the company said costs of sales also fell 83 makita maintained its earnings forecasts for the fiscal year ending march 2024 it said it expects revenue to fall 11 to y68000 billion and net profit will more than double to y3330 billion