v3.26.1
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2026
Summary of Significant Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property, Plant and Equipment Depreciation and amortization are provided on the straight line method based on the estimated useful lives of the assets as follows:

 

Leasehold land and buildings   30 – 50 years
Plant and machinery   5 – 15 years
Furniture, fixtures and equipment   4 – 5 years
Motor vehicles   3 – 5 years
Leasehold improvements   Shorter of lease term or 2 – 5 years
Schedule of Disaggregates Product Sales by Business Segment and by Geography

The following table disaggregates product sales by business segment and by geography, which provides information as to the major source of revenue. See Note 16 for additional description of our reportable business segments.

 

    Year ended March 31, 2024  
    Injection molded
Plastic parts		     Electronic
Products		     Total  
Net sales                  
United States of America   $ 1,083     $ 6,842     $ 7,925  
PRC     8,202       13,919       22,121  
United Kingdom     12       11,973       11,985  
Hong Kong     3,031       5,194       8,225  
Europe     53       9,963       10,016  
Canada     —       2,988       2,988  
Others     11       6,097       6,108  
Total net sales   $ 12,392     $ 56,976     $ 69,368  

 

 

    Year ended March 31, 2025  
    Injection molded
Plastic parts		     Electronic
Products		     Total  
Net sales                  
United States of America   $ 967     $ 5,114     $ 6,081  
PRC     9,279       13,169       22,448  
United Kingdom     24       10,893       10,917  
Hong Kong     883       6,025       6,908  
Europe     44       12,502       12,546  
Canada     —       3,882       3,882  
Others     9       4,819       4,828  
Total net sales   $ 11,206     $ 56,404     $ 67,610  

 

    Year ended March 31, 2026  
    Injection molded
Plastic parts		     Electronic
Products		     Total  
Net sales                  
United States of America   $ 1,195     $ 6,359     $ 7,554  
PRC     7,292       11,022       18,314  
United Kingdom     4       10,449       10,453  
Hong Kong     405       5,980       6,385  
Europe     32       9,254       9,286  
Canada     —       5,086       5,086  
Others     19       4,235       4,254  
Total net sales   $ 8,947     $ 52,385     $ 61,332  
Schedule of Accounts Receivable, Net

Accounts receivable, net, as of March 31, 2025 and 2026 consisted of the following:

 

    March 31,  
    2025     2026  
             
Accounts receivable   $ 9,938     $ 11,455  
Less: Allowance for credit losses     (24 )     (22 )
Accounts receivable, net   $ 9,914     $ 11,433  
Schedule of Allowance for Credit Losses

The movement of allowance for credit losses for the years ended March 31, 2024, 2025 and 2026 was as follows:

 

    Year ended March 31,  
Allowance for credit losses   2024     2025     2026  
Balance at beginning of the year   $ 39     $ 98     $ 24  
Provision for (reversal of) credit losses, net     76       (67 )     (2 )
Written off     (17 )     (7 )     --  
    $ 98     $ 24     $ 22  
Schedule of Basic Net Income Per Share and Diluted Net Income Per Share

Basic net income per share and diluted net income per share calculated in accordance with ASC No. 260, “Earnings Per Share”, are reconciled as follows (shares in thousands):

 

    Year ended March 31,  
    2024     2025     2026  
Net income attributable to Deswell Industries, Inc.   $ 7,709     $ 11,138     $ 10,627  
Basic weighted average common shares outstanding     15,935       15,935       15,922  
Basic net income per share   $ 0.48     $ 0.70     $ 0.67  

 

    Year ended March 31,  
    2024     2025     2026  
Basic weighted average common shares outstanding     15,935       15,935       15,922  
Effect of dilutive securities – Options     64       18       --  
Diluted weighted average common and potential common shares outstanding     15,999       15,953       15,922  
Diluted net income per share   $ 0.48     $ 0.70     $ 0.67