Company: DSWL
Filing Date: 2025-06-18
Form Type: 6-K
Source: 0001171843-25-003948
Chunk: 14

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-06-18
Form: 6-K
Chunk 14
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 2025, as compared to $1,262,000 for the year ended March 31, 2024, related to a increase in director remunerations.

SG&A expenses in the plastic segment increased by $252,000 to $3,815,000
or 34.0% of net sales in the segment for the year ended March 31, 2025, compared to $3,563,000 or 28.8% of net sales in the segment for
fiscal 2024. The increase in total SG&A expenses was primarily related to increases of $93,000 in staff costs and welfare, $200,000
in audit fees, $54,000 in local government taxes and charges, offsetting decreases of $69,000 in selling expense and $30,000 in sundry
expense, as compared with the same period in the prior fiscal year. The SG&A expense as a percentage of total sales revenues was relatively
higher due to lower sales revenues during fiscal 2025 as compared with fiscal 2024.

SG&A expenses in the electronic segment increased by $441,000 to $6,117,000
or 10.8% of net sales in the segment for the year ended March 31, 2025, compared 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 was $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 2024.

Other income attributable to the electronic segment for