takeuchi mfg co shares rose sharply wednesday morning after the japanese construction machinery maker posted a 20 increase in net profit for its last fiscal year and projected a further growth this fiscal year the shares were recently 15 higher at 3260 yen after rising as much as 17 earlier takeuchi said tuesday after market close that net profit increased to y1598 billion 1195 million for the year ended feb 28 from y1335 billion a year earlier fiscalyear revenue climbed 27 to y17897 billion driven by increased sales of excavators and crawler loaders in the us the company said price increases sales growth and the effect of a weaker yen more than offset higher costs of raw materials and other expenses takeuchi projected revenue to grow a further 56 and net profit to increase 76 in the fiscal year that started in march saying demand for its products remains strong in the us and europe the company expects shipping costs to the us and europe to fall sharply this fiscal year while it anticipates higher costs of parts and labor