Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 113

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 11
Chunk 113
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ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Foreign Currency Risk

At March 31, 2023, 2024 and 2025, the Company had no open forward exchange contracts or option contracts. Cash and cash equivalents on hand at March 31, 2025 of $28,133,000 were held in the following currencies:

                                 Equivalent  
                             (in thousands)  
  United States dollars              $7,417  
  Chinese RMB                        11,018  
  Hong Kong dollars                   9,496  
  Macao dollars                         180  
  Japanese yen                           18  
  Euro                                    2  
  Pound sterling                          1  
  Other                                   1  
                                    $28,133  

See discussion of Exchange Rate Fluctuation in ITEM 5 Operating and Financial Review and Prospects.

Interest Rate Risk

Our interest expenses and income are sensitive to changes in interest rates, as all of our cash reserves and borrowings are subject to interest rate changes. Cash on hand of $19,431,000 as of March 31, 2025 was invested in short-terminterest bearing investments. As such, interest income will fluctuate with changes in short term interest rates. As of March 31, 2025, we had neither long-termdebt nor short-termbank loans outstanding on our credit facilities.

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES