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DSWL on Nasdaq

DESWELL INDUSTRIES INC

DESWELL INDUSTRIES INC is a plastics products company, listed on Nasdaq (DSWL).1

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Last updated Oct 21, 2026.

Overview

$61.3MRevenue, fiscal 20262
$10.6MNet income, fiscal 20262

Compare with Northann Corp., CORE MOLDING TECHNOLOGIES INC or Karat Packaging Inc., or pick any stock.

  • TickerDSWL on Nasdaq1
  • IndustryPlastics Products, NEC1
  • Business address10B Edificio Associacao Industrial Macau, 32 Rua Do Comandante Mata E Oliveira, Macao3
  • Filer categoryNon-accelerated filer3

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We may choose to inaugurate this last phase of construction if additional production capacity is required in the future.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2026

22.4%Gross margin2
3.2%Operating margin2
17.3%Net margin2
-9.3%Revenue growth, 20262
9.7%Return on equity2
$4.7MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Electronic Products brought in 85% of the revenue DESWELL INDUSTRIES INC broke down this way in fiscal 2026.

  1. Electronic Products$52.4M285%down 7% from 2025
  2. Injection Molded Plastic Parts$8.9M215%down 20% from 2025
Products and services by year
Products and services202420252026
Electronic Products$57.0M$56.4M$52.4M
Injection Molded Plastic Parts$12.4M$11.2M$8.9M

Business segments

Electronic Products brought in 85% of the revenue DESWELL INDUSTRIES INC broke down this way in fiscal 2026.

  1. Electronic Products$52.4M285%down 7% from 2025
  2. Injection Molded Plastic Parts$8.9M215%down 20% from 2025
Business segments by year
Business segments202420252026
Electronic Products$57.0M$56.4M$52.4M
Injection Molded Plastic Parts$12.4M$11.2M$8.9M

Regions

China brought in 30% of the revenue DESWELL INDUSTRIES INC broke down this way in fiscal 2026.

  1. China$18.3M230%down 18% from 2025
  2. United Kingdoms$10.5M217%down 4% from 2025
  3. Europe$9.3M215%down 26% from 2025
  4. United States$7.6M212%up 24% from 2025
  5. Hong Kong$6.4M210%down 8% from 2025
  6. Canada$5.1M28%up 31% from 2025
  7. Segments Geographical Location Other$4.3M27%down 12% from 2025
Regions by year
Regions202420252026
China$22.1M$22.4M$18.3M
United Kingdoms$12.0M$10.9M$10.5M
Europe$10.0M$12.5M$9.3M
United States$7.9M$6.1M$7.6M
Hong Kong$8.2M$6.9M$6.4M
Canada$3.0M$3.9M$5.1M
Segments Geographical Location Other$6.1M$4.8M$4.3M

Where the money goes

Where each dollar of revenue went, fiscal 2026

  • Cost of revenue68¢$47.6M
  • Selling, general and admin16¢$11.6M
  • Income tax1¢$363.0K
  • Profit15¢$10.6M

Out of $61.3M in revenue.2

Where each dollar of operating cash went, fiscal 2026

  • Capital spending9¢$481.0K
  • Dividends paid61¢$3.2M
  • Kept or used elsewhere29¢$1.5M

Out of $5.2M of cash from operations.2

Financial statements

Revenue567892$61.3M in 2026−8% since 2019
0$25.0M$50.0M$75.0M$100.0M2019: $66.6M$66.6M20192020: $65.4M$65.4M2020−2%2021: $64.9M$64.9M2021−1%2022: $86.0M$86.0M2022+33%2023: $77.3M$77.3M2023−10%2024: $69.4M$69.4M2024−10%2025: $67.6M$67.6M2025−3%2026: $61.3M$61.3M2026−9%
Gross profit567892$13.7M in 2026+34% since 2019
0$5.0M$10.0M$15.0M2019: $10.3M$10.3M20192020: $11.9M$11.9M2020+16%2021: $13.2M$13.2M2021+11%2022: $14.0M$14.0M2022+6%2023: $12.8M$12.8M2023−8%2024: $13.9M$13.9M2024+8%2025: $13.6M$13.6M2025−2%2026: $13.7M$13.7M2026+1%
Operating income567892$2.0M in 2026+272% since 2019
0$1.0M$2.0M$3.0M$4.0M2019: $533.0K$533.0K20192020: $1.4M$1.4M2020+165%2021: $3.3M$3.3M2021+131%2022: $2.8M$2.8M2022−15%2023: $2.9M$2.9M2023+5%2024: $3.8M$3.8M2024+31%2025: $3.3M$3.3M2025−12%2026: $2.0M$2.0M2026−40%
Net income567892$10.6M in 2026+149% since 2019
-$5.0M0$5.0M$10.0M$15.0M2019: $4.3M$4.3M20192020: -$1.3M-$1.3M20202021: $8.2M$8.2M20212022: $8.2M$8.2M2022+0%2023: $2.1M$2.1M2023−75%2024: $7.7M$7.7M2024+274%2025: $11.1M$11.1M2025+44%2026: $10.6M$10.6M2026−5%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2026-03-312025-03-312024-03-31
Net sales$61.3M$67.6M$69.4M
Cost of sales$47.6M$54.0M$55.5M
Gross profit$13.7M$13.6M$13.9M
Selling, general and administrative expenses$11.6M$11.3M$10.5M
Other income (expense), net (note 13)-$184.0K$951.0K$383.0K
Operating income$2.0M$3.3M$3.8M
Non-operating income, net (note 14)$8.3M$8.0M$4.0M
Income before income taxes$10.3M$11.3M$7.8M
Income tax expense (income) (note 8)-$363.0K$162.0K$110.0K
Net income attribute to Deswell Industries, Inc.$10.6M$11.1M$7.7M
Total comprehensive income attributable to Deswell Industries, Inc.$10.6M$11.1M$7.7M
Net income per share$0.67$0.70$0.48
Weighted average common shares outstanding (shares in thousands)15.9K shares15.9K shares15.9K shares
Net income per share$0.67$0.70$0.48
Weighted average common shares outstanding (shares in thousands)15.9K shares16.0K shares16.0K shares

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Corporate structure

DESWELL INDUSTRIES INC sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DESWELL INDUSTRIES INC

  • Wai Ming Lau Filed SC 13D/A on DESWELL INDUSTRIES INC, latest Jun 27, 2024 (3 filings since May 29, 2024)
  • Pui Hon Lau Filed SC 13D/A on DESWELL INDUSTRIES INC, latest May 4, 2023 (4 filings since Jan 28, 2022)
  • DESWELL INDUSTRIES INC

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DESWELL INDUSTRIES INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Accumulated depreciation$55.8M2 Mar 31, 2026$56.0M2 Mar 31, 2025−0.3%
Property and equipment, net$22.3M2 Mar 31, 2026$23.4M2 Mar 31, 2025−4.5%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$23.1M2 Mar 31, 2026$28.1M2 Mar 31, 2025−18.0%
Marketable securities, current$27.9M2 Mar 31, 2026$25.2M2 Mar 31, 2025+10.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$11.8M2 Mar 31, 2026$9.5M2 Mar 31, 2025+24.2%
Raw materials$7.9M2 Mar 31, 2026$6.0M2 Mar 31, 2025+31.0%
Work in process$2.8M2 Mar 31, 2026$2.6M2 Mar 31, 2025+7.6%
Finished goods$1.1M2 Mar 31, 2026$843.0K2 Mar 31, 2025+26.3%

Leadership

Who has led DESWELL INDUSTRIES INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Kin Chung Edward So2026–now

Chief financial officer

  1. Chi Yin Chan2026–now
Board members and other officers (6)

Timeline

  1. Mar 27, 2026New chief executive Kin Chung Edward So becomes CEO11

Filings

65 filings to the SEC since October 2021: 6 annual reports, 7 insider forms, 7 large holders, 45 other. The latest 20:

  1. Sep 18, 20266-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  2. Jul 30, 202620-F ANNUAL REPORT EDGAR
  3. Jul 30, 20266-K EDGAR
  4. Jun 17, 20266-K EDGAR
  5. May 29, 2026SD SPECIALIZED DISCLOSURE REPORT EDGAR
  6. Apr 1, 20263 PRIMARY DOCUMENT EDGAR
  7. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  8. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  9. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  10. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  11. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  12. Mar 27, 20263 PRIMARY DOCUMENT EDGAR
  13. Feb 3, 20266-K EDGAR
  14. Nov 20, 20256-K EDGAR
  15. Nov 13, 20256-K EDGAR
  16. Sep 19, 20256-K REPORT OF FOREIGN PRIVATE ISSUER EDGAR
  17. Jul 29, 202520-F ANNUAL REPORT EDGAR
  18. Jul 29, 20256-K EDGAR
  19. Jun 18, 20256-K EDGAR
  20. May 30, 2025SD EDGAR

The 65 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

  • Wai Ming LauSC 13D/A, 3 filings May 29, 2024 to Jun 27, 202418
  • Pui Hon LauSC 13D/A, 4 filings Jan 28, 2022 to May 4, 202319

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Royal Palms Capital LLC641,110$2.5M2.2%−907
Morgan Stanley190,373$742.5K0.0%−11,207
Garde Capital, Inc.83,048$323.9K0.0%No change
RBF Capital, LLC25,003$97.5K0.0%No change
Susquehanna International Group, Llp17,504$68.3K0.0%−2,862
Bnp Paribas Financial Markets3,199$12.5K0.0%No change
Osaic Holdings, Inc.200$7800.0%No change
Russell Investments Group, Ltd.64$2500.0%No change
SBI Securities Co., Ltd.17$660.0%−11
Acadian Asset Management LLC3,690$140.0%No change
Wells Fargo & Company/mn0$10.0%No change

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How DESWELL INDUSTRIES INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDESWELL INDUSTRIES INC1
  • CIK0000946936
  • Filer statusNon-accelerated filer not an emerging growth company; not a shell company4
  • Incorporated inBritish Virgin Islands4
  • Fiscal year endsMarch 311
  • Industry code (SIC)3089 Plastics Products, NEC1
  • SEC reviewing officeOffice of Industrial Applications and Services, Division of Corporation Finance1
  • Business address10B Edificio Associacao Industrial Macau, 32 Rua Do Comandante Mata E Oliveira, Macao, Macau, Macau1
  • Phone21273200301
  • Shares outstanding15,885,239 shares as of Mar 31, 20264
  • AuditorBDO China Shu Lun Pan Certified Public Accountants LLP, Shenzhen, People’s Republic of China PCAOB ID 1818; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceNov 1, 20001
  • Filings339 in all: 6-K (177), SC 13D/A (37), 20-F (26), SC 13G/A (25), UPLOAD (15), SD (13), CORRESP (10), 3 (7)1
    All 24 form types

    S-8 (6), SC 13G (4), 6-K/A (3), 20-F/A (2), F-3/A (2), REGDEX (2), 20FR12B (1), 424B3 (1), 8-A12B (1), 8-A12B/A (1), 8-A12G/A (1), ARS (1), DEF 14A (1), F-3 (1), NT 20-F (1), SC 13D (1)

  • Latest filingsAnnual report (20-F) Jul 30, 2026
    Proxy statement (DEF 14A) Sep 6, 2002

Securities registered for trading

ClassSymbolExchange
Common shares, no par valueDSWLNASDAQ

From the cover page of the 20-F filed Jul 30, 2026 (Section 12(b) of the Exchange Act).4

Sources

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