Deswell Industries Reports 2.5% Decline in Fiscal 2025 Net Sales; Net Income Grows to $4.953 Million

Reuters
07/30
Deswell Industries Reports 2.5% Decline in Fiscal 2025 Net Sales; Net Income Grows to $4.953 Million

Deswell Industries Inc. reported its financial results for the fiscal year ending March 31, 2025. The company reported net sales of $67.61 million, reflecting a decrease of 2.5% compared to $69.37 million in the previous fiscal year. This decline was attributed to a $1.19 million decrease in the plastic segment and a $573,000 decrease in the electronic segment. The plastic segment's revenue drop was primarily due to reduced orders for printer and telephone equipment, along with robotic mops and vacuum cleaners. For the fiscal year 2025, Deswell Industries recorded a net loss of $14.7 million, compared to a net income of $9.4 million in the previous fiscal year. The company's financial performance was affected by its currency exchange exposure, as sales are primarily conducted in U.S. dollars and Hong Kong dollars, while expenses are incurred in U.S. dollars, Hong Kong dollars, and Chinese RMB. The Hong Kong dollar's peg to the U.S. dollar at approximately 7.80 has remained stable, although potential changes to this mechanism could impact future financial results. No specific outlook or guidance was provided in the report.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Deswell Industries Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001174947-25-001096), on July 29, 2025, and is solely responsible for the information contained therein.

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