Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 69

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 5
Chunk 69
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972,000 in the year ended March 31, 2025, compared to operating income of $5,918,000 in the 2024 fiscal year. The slight increase in operating income was mainly due to the increase in gross margin and other income, as described above.

Non-OperatingIncome (Expense), Net - Non-operatingincome for the year ended March 31, 2025 was $7,986,000, as compared to non-operatingincome of $4,034,000 in the last fiscal year. The increase in non-operatingincome was primarily due to increases of $2,211,000 in fair value of marketable securities held for sale, $316,000 in dividend income, $383,000 in interest income and $1,470,000 in realized gain on the sale of marketable securities, offsetting decreases of $112,000 from rental income and $316,000 from other income during the fiscal year ended March 31, 2025, as compared to the 2024 fiscal year.

Table of Contents

Income Taxes - Current tax expense for the year ended March 31, 2025 was $182,000. The Company had a deferred tax benefit of $20,000. This is compared to a current tax expense of $269,000 and a deferred tax benefit of $159,000 in the last fiscal year.

On a segment basis, there was a current income tax benefit of $54,000 and a deferred tax benefit of $99,000 in the plastic segment for the year ended March 31, 2025, as compared to a current income tax provision of $68,000 and a deferred tax provision of $7,000 during the last fiscal year. In the electronic segment, there was a current tax expense of $236,000 and a deferred tax expense of $79,000 for the year ended March 31, 2025, as compared to a current tax expense of $202,000 and a deferred tax benefit of $167,000 in the 2024 fiscal year.

Net Income - The Company had net income of $11,138,000 for the year ended March 31, 2025, as compared to net income of $7,709,000 for the year ended March 31, 2024. The increase in net income was mainly due to the increase in non-operatingincome, as described above.

Net income for the plastic segment for the year ended March 31, 2025