Company: DSWL
Filing Date: 2025-06-18
Form Type: 6-K
Source: 0001171843-25-003948
Chunk: 13

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-06-18
Form: 6-K
Chunk 13
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 $902,000 for robotic mops and vacuum
cleaners, offsetting an increase in orders of $260,000 for plastic and gardening tool boxes from other existing customers.

The revenue decrease in the electronic segment was mainly due to decreases
in orders of $6,020,000 from existing customers for vending machines, offsetting increases in orders of $4,294,000 for home entertainment
products, as well as $1,156,000 for digital audio equipment from other existing customers.

Gross Profit - Gross profit for the year ended March 31, 2025 was $13,643,000
representing a gross profit margin of 20.2%. This is compared with the overall gross profit and gross profit margin of 13,903,000 or 20.0%
for the year ended March 31, 2024.

Gross profit in the plastic segment decreased by $529,000 to $2,353,000
or 21.0% of net sales in the segment for the year ended March 31, 2025, as compared to $2,882,000 or 23.3% of net sales in the segment
for the same period in the prior fiscal year. The decrease in gross profit for the plastic segment was mainly due to the relative increase
in the cost of raw materials and labor resulting from decrease in sales revenues, when compared with prior fiscal year, as well as the
change of product mix.

Gross profit in the electronic segment increased by $269,000 to $11,290,000
or 20.0% of net sales in the segment for the year ended March 31, 2025, as compared to $11,021,000 or 19.3% of net sales in the segment
in the prior fiscal year. The increase in gross margin is attributable to relatively increase in sales revenues, as well as a result of
continuous cost control measures taken, when compared with last fiscal year.

Selling, General and Administrative Expenses - SG&A expenses for the
year ended March 31, 2025 increased by $779,000 to $11,280,000 or 16.7% of total net sales, as compared to $10,501,000 or 15.1% of total
net sales for the year ended March 31, 2024.

Corporate expenses slightly increased by $86,000 to $1,348,000 for the
year ended March 31,