T&S GroupT&S Group Inc.4055東証グロース情報・通信業FY ending Sep 2025, consolidated, J-GAAP

T&S Group revenue and profit

Out of every ¥100 of sales, about ¥18 is left as operating profit. Revenue changed +37.7% from the prior year, operating profit +45.5%.

Five-year trend

Revenue¥4.1B
FY ending Sep 2024: ¥2.98B¥2.98BFY ending Sep 2025: ¥4.1B¥4.1BFY24FY25
Operating income¥756.4M
FY ending Sep 2024: ¥519.8M¥519.8MFY ending Sep 2025: ¥756.4M¥756.4MFY24FY25
Operating margin18.4%
FY ending Sep 2024: 17.4%17.4%FY ending Sep 2025: 18.4%18.4%FY24FY25

What drives ROE

Net margin × asset turnover = ROA; ROA × financial leverage = ROE

Net margin12.4%
Asset turnover1.25×
ROA15.5%
ROA15.5%
Financial leverage1.24×
ROE19.2%

Denominators: average assets and average equity. Derived from reported values; ROE is shown only for positive profit and equity.

Net margin12.4%
2024: 10.8%10.8%2025: 12.4%12.4%2425
Asset turnover1.25×
2024: 1.02×1.02×2025: 1.25×1.25×2425
ROA15.5%
2024: 11.0%11.0%2025: 15.5%15.5%2425
Financial leverage1.24×
2024: 1.20×1.20×2025: 1.24×1.24×2425
ROE19.2%
2024: 13.2%13.2%2025: 19.2%19.2%2425
PeriodNet marginAsset turnoverROAFinancial leverageROE
202410.8%1.02×11.0%1.20×13.2%
202512.4%1.25×15.5%1.24×19.2%

Financial leverage can raise ROE; a higher value alone does not describe a company's overall condition.

Asset intensity and goodwill

Annual trends in tangible-asset ratios and goodwill balance.

PPE ÷ revenue0.4%
2024: 0.6%0.6%2025: 0.4%0.4%2425
PPE ÷ total assets0.4%
2024: 0.6%0.6%2025: 0.4%0.4%2425
Goodwill ÷ parent equity3.0%
2025: 3.0%3.0%2425
Goodwill balance¥86.6M
2025: ¥86.6M¥86.6M2425

Ratios are derived from reported values. Goodwill is shown only when separately reported; it is not inferred from combined intangible assets. Definition

Investment and working-capital efficiency

Track R&D investment and how long operating capital remains tied up before sales turn into cash.

R&D spending¥6.7M
2024: ¥14.6M¥14.6M2025: ¥6.7M¥6.7M2425
R&D / revenue0.2%
2024: 0.5%0.5%2025: 0.2%0.2%2425

R&D is shown only for years with machine-readable disclosure. Days are estimates using year-end receivables, inventory and payables divided by annual revenue or cost of sales; financial companies are excluded.

Income statement (JPY millions)

ItemFY ending Sep 2024FY ending Sep 2025
Revenue2,9804,103
Cost of revenue2,1142,864
Gross profit8661,239
SG&A347482
Operating income520756
Pretax income470754
Income tax149244
Net income attributable to owners321509
Operating margin17.4%18.4%

Balance sheet (reported items)

Year-end figures from filings. Unreported items are omitted. Interest-bearing debt excludes lease liabilities.

Assets

Cash 71%
0%
5%
3%
Other assets 21%

Funding

Other liabilities 20%
Equity 80%
0%

Each bar totals 100% of assets; other is the residual.

ItemFY ending Sep 2024FY ending Sep 2025
Cash and equivalents¥2.01B¥2.6B
Total assets¥2.92B¥3.66B
Net assets¥2.44B¥2.91B
Share capital¥40M¥40M
Property, plant and equipment¥17.6M¥15M
Intangible assets excluding goodwill¥1.6M¥87.6M
Goodwill—¥86.6M
Investment securities¥30.4M¥93.3M
Current assets¥2.77B¥3.37B
Current liabilities¥424.3M¥683.6M
Total liabilities¥485.3M¥749.9M
Equity attributable to owners of parent¥2.44B¥2.88B
Retained earnings¥1.9B¥2.34B
Treasury stock-¥73.3M-¥72.8M

Sources

Show source documents (2)
  • EDINET (FSA Japan)

    有価証券報告書-第10期(2024/10/01-2025/09/30)

    ID S100XD2T2025-12-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第9期(2023/12/01-2024/09/30)

    ID S100V0MK2024-12-25Open

Extracted from XBRL: 47 / Derived from other figures: 1

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