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Note 11 - Equity-method Investments
 6 Months Ended
Sep. 30, 2025
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]

11. Equity-Method Investments

 

Investment in NWL Pacific Inc. Co., LTD

 

The Company has a 50% ownership in NWL Pacific Inc. Co., LTD ("NWL Pacific"). The investment represents the Company's interest in NWL Pacific. The investment is a joint venture in South Korea established on May 12, 1998.

 

The Company treats the equity investment in the condensed consolidated financial statements under the equity method. Equity method investments are equity securities in entities the Company does not control but over which it has the ability to exercise significant influence. These investments are accounted for under the equity method of accounting in accordance with ASC 323, Investments — Equity Method and Joint Ventures. Equity method investments are measured at cost minus impairment, if any, plus or minus the Company’s share of an investee’s income or loss, less distributions received. As of  September 30, 2025 the Company did not have material accounts receivable nor accounts payable balances with NWL Pacific. The Company's investment in NWL Pacific was $1.5 million and $1.1 million as of  September 30, 2025 and March 31, 2025, respectively.

 

The table below presents the summarized financial information for periods presented post acquisition, as provided to the Company by the investee, for the unconsolidated company (in thousands):

 

  

Three Months Ended September 30,

  

Six Months Ended September 30,

 
  

2025

  

2025

 

Net revenue

 $1,087  $3,686 

Gross profit

  494   1,654 

Income from operation

  98   755 

Net income

 $122  $867