Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 68

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 5
Chunk 68
---
 to $5,676,000 or 10.0% of net sales in the segment for fiscal 2024. The increase in total SG& A expense was mainly due to increases of $132,000 in staff costs and welfare, $42,000 in office repair and maintenance, $21,000 in local government taxes as well as $106,000 in selling expense, when compared to the prior fiscal year.

Other Income, Net - Other income was $951,000 for the year ended March 31, 2025, as compared to other income of $383,000 in the prior fiscal year.

On a segment basis, other income attributable to the plastic segment for the year ended March 31, 2025, were $152,000, as compared to other expense of $190,000 for the prior fiscal year. Other income was higher in fiscal 2025 mainly due to increases of $190,000 in exchange gain, $114,000 from gain on disposal of fixed assets as well as $44,000 from other income for the fiscal period ended March 31, 2025, when compared with fiscal year 2024.

Other income attributable to the electronic segment for the year ended March 31, 2025 was $799,000, as compared with other income of $573,000 for the prior fiscal year. The increase in other income was mainly due to increases of $231,000 from product testing services income, of $158,000 for reversal of doubtful debts, offsetting decreases of $67,000 in exchange gain and $130,000 from other income during the year ended March 31, 2025, when compared to the same period in the prior fiscal year.

Operating Income - Operating income was $3,314,000 for the year ended March 31, 2025, as compared to operating income of $3,785,000 in the prior fiscal year.

Corporate expenses of $1,348,000 and $1,262,000 were incurred during the 2025 and 2024 fiscal year, respectively.

On a segment basis, the operating loss in the plastic segment was $1,310,000 in the year ended March 31, 2025, as compared to operating loss of $871,000 in the 2024 fiscal year. The increase operating loss in the plastic segment was mainly due to a lower gross margin and higher SG& A expenses, as described above.

The electronic segment reported operating income of $5,