Makita Q1 profit jumps 22% despite revenue decline

Makita Corporation's first-quarter revenue fell 3.8% to 186,614 million yen due to foreign exchange impacts, despite stable local currency performance.

Operating profit jumped 22.1% to 26,069 million yen, driven by improved cost ratios. Net profit rose 20.4% to 19,281 million yen.

The company maintained its full-year forecasts of 700,000 million yen revenue and 74,000 million yen operating profit.