v3.25.2
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