Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 72

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 5
Chunk 72
---
 fiscal year.

SG& A expenses in the electronic segment increased by $190,000 to $5,676,000 or 10.0% of net sales in the segment for the year ended March 31, 2024, compared to $5,486,000 or 8.9% of net sales in the segment for the 2023 fiscal year. The slight increase in total SG& A expense was mainly due to increases of $42,000 in local government taxes and charges, $140,000 in professional fees when compared to the prior fiscal year.

Other Income, Net - Other income was $383,000 for the year ended March 31, 2024, as compared to other income of $1,014,000 in the prior fiscal year.

On a segment basis, other expenses attributable to the plastic segment for the year ended March 31, 2024 were $190,000, as compared to other expense of $285,000 for the prior fiscal year. Other expense was lower in the 2024 fiscal year mainly due to an exchange loss of $178,000, and a loss of $79,000 from disposal of fixed assets, offsetting a gain of $57,000 on sales of materials during fiscal 2024, as compared to an exchange loss of $570,000, offsetting a reversal of provisions of $199,000 for doubtful receivables, and a gain of $85,000 on sales of materials in fiscal year 2023.

Other income attributable to the electronic segment for the year ended March 31, 2024, was $573,000, as compared with other income of $1,299,000 for the prior fiscal year. The decrease in other income was mainly due to decreases of $148,000 in exchange gain and of $436,000 in other income, as well as an increase in credit losses expense of $117,000, as compared to fiscal year 2023.

Operating Income - Operating income was $3,785,000 for the year ended March 31, 2024, as compared to operating income of $2,887,000 in the prior fiscal year.

Corporate expenses of $1,262,000 and $1,412,000 were incurred during the 2024 and 2023 fiscal year, respectively.

On a segment basis, the operating loss in the plastic segment was $871,000 in the year ended March 31, 2024, as compared to operating loss of