Company: DSWL
Filing Date: 2025-06-18
Form Type: 6-K
Source: 0001171843-25-003948
Chunk: 1

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-06-18
Form: 6-K
Chunk 1
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 $1.48 million in the second half of fiscal 2024 to $1.49 million in the second half of fiscal 2025.

The Company reported net income of $5.0 million for the six months ended
March 31, 2025, as compared to net income of $4.2 million for the six months ended March 31, 2024. Non-operating income for the six months
ended March 31, 2025 was $3.3 million, as compared to non-operating income of $2.6 million in the six months ended March 31, 2024. Non-operating
income during the six months ended March 31, 2025 was primarily comprised of a realized gain of $1,470,000 on the sale of marketable securities,
an increase of $202,000 in fair value of the marketable securities, $144,000 from rental income, $828,000 on dividend income from securities
investments, and $695,000 from interest income, as compared to non-operating income primarily comprised of an increase of $884,000 in
fair value of the marketable securities, $235,000 from rental income, $695,000 on dividend income from securities investments, $420,000
from interest income and $376,000 from other income in the second half of fiscal 2024. Deswell reported basic and diluted income per share
of $0.31 for the second half of fiscal 2025 (based on 15,935,000 weighted average shares outstanding), as compared to basic and diluted
income per share of $0.26 (based on 15,935,000 and 15,992,000 weighted average shares outstanding, respectively), for the six months ended
March 31, 2024.

Net sales for the year ended March 31, 2025 were $67.6 million, a decrease
of 2.5% compared to net sales of $69.4 million for fiscal 2024. Operating income for the year ended March 31, 2025 decreased to $3.3 million
from $3.8 million in fiscal 2024. The Company reported net income of $11.1 million in fiscal 2025, as compared to net income of $7.7 million
for the year ended March 31, 2024. The increase in net income was mainly attributable to increases in gross profit and non-operating