Suppose $m\mid n$. Using the First Isomorphism Theorem with respect to the homomorphism $$\begin{array}{rccc}f:&\mathbb{Z}_n^\times&\to&\mathbb{Z}_m^\times \\&x&\mapsto &x\bmod m \end{array}$$ we know $\mathbb{Z}_n^\times/K_m\cong\mathbb{Z}_m^\times$, where $K_m=\{x\in\mathbb{Z}_n^\times:x\equiv1\bmod m\}\subseteq\mathbb{Z}_n^\times$.
Suppose $m$ and $n$ also share the same prime factors. We can show $|K_m|=\phi(n)/\phi(m)=n/m$. I would like to prove that $K_m=\left<m+1\right>$.
Clearly $\left<m+1\right>\subseteq K_m$, but I don't know how to begin proving in the other direction. I only know to look at the coefficients of powers of $m+1$, and this isn't helping. In particular, expanding $(m+1)^t$ we get $$ (m^t+\dots+tm)+1 $$ If $t=n/m$ then $n$ divides the term in parentheses and we get $(1\bmod n)$, but it could be that $n$ divides the sum in parentheses without dividing $tm$, or at least it seems that's a possibility...
Not true if $m=2$ and $n=8$
$\Bbb Z_8^\times=\{\bar1, \bar3,\bar5,\bar7\}$.
$\Bbb Z_2^\times=\{\bar1\}$.
$T_m=\Bbb Z_8^\times$. However, in $\Bbb Z_8^\times$, $\langle\overline{m+1}\rangle=\langle\overline{2+1}\rangle=\langle\bar3\rangle=\{\bar1, \bar3\}$ since $\bar3^3=\bar9=\bar1$. $$|T_m|=4\not=2=\langle\overline{m+1}\rangle$$.