Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 155

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 155
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, net consist of the following:

                                                      Year ended March 31,                                                    
                                                      2023                                 2024                2025           
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Gain (loss) on disposal of property, plant and      $                            18      $         ( 74      $          38  
  Foreign exchange (loss) gain, net                                             ( 256                ( 13                111  
  Reversal of (provision for) credit losses, net                                  229                ( 76                 67  
  Others                                                                        1,023                 546                735  
  Other income, net                                   $                         1,014      $          383      $         951  

F-21

Table of Contents

DESWELL INDUSTRIES, INC.

14. Non-operating income (expenses), net

Non-operatingincome (expenses), net consist of the following:

                                                         Year ended March 31,                                                         
                                                         2023                                   2024                 2025             
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Dividend income from marketable securities             $                           1,093      $         1,506      $         1,822  
  Interest income from bank deposits                                                   282                  669                1,052  
  Unrealized (loss) gain from marketable securities                                ( 3,973                  952                3,163  
  Realized gain from sales of marketable securities                                    581                    —                1,470  
  Rental income, net of depreciation charges                                         1,328                  498                  386  
  Others                                                                               116                  409                   93  
  Non-operating (expenses) income, net                   $                           ( 573      $         4,034      $         7,986  

15. Operating Risk

Concentrations of Major Customers - A substantial percentage of the Company’s sales are made to a small number of customers and are typically sold either under letter of credit or on an open account basis. Details of customers accounting for 10% or more of total net sales for each of the three years ended March 31, 2023, 2024 and 2025 are as follows:

                  Percentage of net sales                      
                     Year ended March 31,                      
                                     2023      2024