T&S Group <4055> announced its consolidated earnings reports for the third quarter of the fiscal year ending September 2024 (December 23 to August 24). Revenue was 2.644 billion yen, operating profit was 0.461 billion yen, ordinary profit was 0.461 billion yen, and quarterly net profit attributable to the parent company's shareholders was 0.317 billion yen.

The company transitioned to consolidated earnings reports from the third quarter of the fiscal year ending September 2024, so it does not provide a year-on-year comparison for the same period. However, compared to the non-consolidated results of the previous year, revenue increased by 3.7% up to the second quarter total, but further accelerated in the third quarter with a 7.5% increase. The cumulative revenue growth in the third quarter was also 4.9%, showing an increasing pace of growth.

The company's business segment consists of a single segment, but revenue is aggregated by category. The comparison with the previous year is based on recalculating the non-consolidated results from the previous year in the new category classification.

Revenue for the DX Solution category increased by 16.4% year-on-year to 1.621 billion yen. This growth was mainly driven by steady orders from existing customers such as Hitachi Group, as well as contributions from new clients.

Revenue for the Semiconductor Solution category decreased by 13.7% to 0.791 billion yen. Although production adjustments by various companies have ended and order levels for the company's group have increased, significant revenue recognition is expected beyond the fourth quarter.

Revenue for the AI Solution category increased by 10.3% to 0.231 billion yen. This growth was supported by orders from new clients, leading to a smooth progression.

For the full fiscal year ending September 2024, revenue is expected to be 3.142 billion yen, operating profit at 0.588 billion yen, ordinary profit at 0.589 billion yen, and net income attributable to the parent company's shareholders at 0.401 billion yen. Due to the irregular fiscal year from December 1, 2023 to September 30, 2024 (10 months), there is no comparison for the full year against the previous period. As the fourth quarter is only one month, the full-year earnings announcement for the fiscal year ending September 2024 is scheduled to follow on November 14.