Condensed Financial Information of Deswell Industries, Inc. (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
Condensed Financial Information of Deswell Industries, Inc. [Abstract] |
|
Schedule of Condensed Balance Sheet |
Balance sheets
|
|
March 31,
|
|
|
2024
|
|
2025
|
Assets
|
|
|
|
|
|
|
Current assets:
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
$
|
204 |
|
$
|
212 |
Prepaid expenses and other current assets
|
|
|
47 |
|
|
50 |
Amounts due from subsidiaries
|
|
|
7,976 |
|
|
7,016 |
Total current assets
|
|
|
8,227 |
|
|
7,278 |
Investments in subsidiaries
|
|
|
87,195 |
|
|
95,861 |
Total assets
|
|
$
|
95,422 |
|
$
|
103,139 |
|
|
|
|
|
|
|
Liabilities and shareholders’ equity
|
|
|
|
|
|
|
Current liabilities:
|
|
|
|
|
|
|
Accrued payroll and employee benefits
|
|
$
|
1,013 |
|
$
|
1,013 |
Other accrued liabilities
|
|
|
239 |
|
|
6 |
Total current liabilities
|
|
|
1,252 |
|
|
1,019 |
Total shareholders’ equity
|
|
|
94,170 |
|
|
102,120 |
Total liabilities and shareholders’ equity
|
|
$
|
95,422 |
|
$
|
103,139 |
|
Schedule of Condensed Income Statement |
Statements of comprehensive income
|
|
Year ended March 31,
|
|
|
2023
|
|
2024
|
|
2025
|
Equity in earnings of subsidiaries
|
|
$
|
2,488 |
|
$
|
8,229 |
|
$
|
11,854 |
Operating expenses
|
|
|
429 |
|
|
520 |
|
|
716 |
Income before income taxes
|
|
|
2,059 |
|
|
7,709 |
|
|
11,138 |
Income taxes
|
|
|
—
|
|
|
—
|
|
|
—
|
Net income
|
|
|
2,059 |
|
|
7,709 |
|
|
11,138 |
Share of other comprehensive income of subsidiaries
|
|
|
—
|
|
|
—
|
|
|
—
|
Total comprehensive income
|
|
$
|
2,059 |
|
$
|
7,709 |
|
$
|
11,138 |
|
Schedule of Condensed Cash Flow Statement |
Statements of cash flows
|
|
Year ended March 31,
|
|
|
2023
|
|
2024
|
|
2025
|
Cash flows from operating activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Net income
|
|
$
|
2,059 |
|
|
$
|
7,709 |
|
|
$
|
11,138 |
|
Adjustments to reconcile net income to net cash provided by operating activities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity in earnings of subsidiaries
|
|
|
(2,488 |
)
|
|
|
(8,229 |
)
|
|
|
(11,854 |
)
|
Changes in operating assets and liabilities:
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepaid expenses and other current assets
|
|
|
—
|
|
|
|
(2 |
)
|
|
|
(3 |
)
|
Amounts due from subsidiaries
|
|
|
4,305 |
|
|
|
252 |
|
|
|
960 |
|
Other accrued liabilities
|
|
|
3 |
|
|
|
(444 |
)
|
|
|
(233 |
)
|
Net cash provided by (used in) operating activities
|
|
|
3,879 |
|
|
|
(714 |
)
|
|
|
8 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from investing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends received from subsidiary
|
|
|
—
|
|
|
|
3,188 |
|
|
|
3,188 |
|
Net cash provided by investing activities
|
|
|
—
|
|
|
|
3,188 |
|
|
|
3,188 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash flows from financing activities
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid
|
|
|
(3,188 |
)
|
|
|
(3,188 |
)
|
|
|
(3,188 |
)
|
Net cash used in financing activities
|
|
|
(3,188 |
)
|
|
|
(3,188 |
)
|
|
|
(3,188 |
)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net increase (decrease) in cash and cash equivalents
|
|
|
691 |
|
|
|
(714 |
)
|
|
|
8 |
|
Cash and cash equivalents, beginning of year
|
|
|
227 |
|
|
|
918 |
|
|
|
204 |
|
Cash and cash equivalents, end of year
|
|
$
|
918 |
|
|
$
|
204 |
|
|
$
|
212 |
|
|