Condensed Financial Information of Deswell Industries, Inc. (Tables)

12 Months Ended

Mar. 31, 2026

Condensed Financial Information of Deswell Industries, Inc. [Abstract]

Schedule of Condensed Balance Sheet

Balance sheets

		March 31,
		2025				2026
Assets
Current assets:
Cash and cash equivalents		$	212			$	72
Prepaid expenses and other current assets			50				51
Amounts due from subsidiaries			7,016				6,159
Total current assets			7,278				6,282
Investments in subsidiaries			95,861				104,030
Total assets		$	103,139			$	110,312

Liabilities and shareholders’ equity
Current liabilities:
Accrued payroll and employee benefits		$	1,013			$	915
Other accrued liabilities			6				7
Total current liabilities			1,019				922
Total shareholders’ equity			102,120				109,390
Total liabilities and shareholders’ equity		$	103,139			$	110,312

Schedule of Condensed Income Statement

Statements of comprehensive income

		Year ended March 31,
		2024				2025				2026
Equity in earnings of subsidiaries		$	8,229			$	11,854			$	11,357
Operating expenses			520				716				730
Income before income taxes			7,709				11,138				10,627
Income taxes			—				—				—
Net income			7,709				11,138				10,627
Share of other comprehensive income of subsidiaries			—				—				—
Total comprehensive income		$	7,709			$	11,138			$	10,627

Schedule of Condensed Cash Flow Statement

Statements of cash flows

		Year ended March 31,
		2024				2025				2026
Cash flows from operating activities
Net income		$	7,709			$	11,138			$	10,627
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in earnings of subsidiaries			(8,229	)			(11,854	)			(11,357	)
Changes in operating assets and liabilities:
Prepaid expenses and other current assets			(2	)			(3	)			(1	)
Amounts due from subsidiaries			252				960				857
Other accrued liabilities			(444	)			(233	)			(97	)
Net cash (used in) provided by operating activities			(714	)			8				29

Cash flows from investing activities
Dividends received from subsidiary			3,188				3,188				3,188
Net cash provided by investing activities			3,188				3,188				3,188

Cash flows from financing activities
Dividends paid			(3,188	)			(3,188	)			(3,188	)
Repurchase of treasury stock			--				--				(169	)
Net cash used in financing activities			(3,188	)			(3,188	)			(3,357	)

Net (decrease) increase in cash and cash equivalents			(714	)			8				(140	)
Cash and cash equivalents, beginning of year			918				204				212
Cash and cash equivalents, end of year		$	204			$	212			$	72