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Segment Information | 12 Months Ended
--- | ---
Mar. 31, 2026
Segment Information [Abstract] |
Segment Information | 16. Segment Information Segment information is prepared on the same basis that our CEO, who is our Chief Operating Decision Maker (“CODM”), manages the segments, evaluates financial results, and makes key operating decisions. The CODM evaluates the performance of its operating segments based on net revenues, operating income and income before taxes. The accounting policies of the operating segments are the same as those described in Note 2, “SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES.” The Company has two reportable segments: plastic injection molding and electronic products assembling. The Company’s reportable segments are strategic business units that offer different products and services. They are managed separately because each business requires different technology and marketing strategies. Most of the businesses were acquired as a unit, and the management at the time of the acquisition was retained. The accounting policies of the segments are the same as those described in the summary of significant accounting policies. The Company accounts for intersegment sales and transfers as if the sales or transfers were to third parties, that is, at current market prices. Contributions of the major activities, profitability information and asset information of the Company’s reportable segments for the years ended March 31, 2024, 2025 and 2026 are as follows:
|  | Year ended March 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |
Net sales |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  |  | 12,391 |  |  |  | 11,206 |  |  |  | 8,947 |
Electronic products |  |  | 56,977 |  |  |  | 56,404 |  |  |  | 52,385 |
Total net sales |  | $ | 69,368 |  |  | $ | 67,610 |  |  | $ | 61,332 |
Cost of sales, operating expenses and other income |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  |  | 13,262 |  |  |  | 12,516 |  |  |  | 10,697 |
Electronic products |  |  | 51,059 |  |  |  | 50,432 |  |  |  | 46,401 |
Corporate expenses |  |  | 1,262 |  |  |  | 1,348 |  |  |  | 2,253 |
Total cost of sales, operating expenses and other income |  | $ | 65,583 |  |  | $ | 64,296 |  |  | $ | 59,351 |
Operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  |  | (871 | ) |  |  | (1,310 | ) |  |  | (1,750 | )
Electronic products |  |  | 5,918 |  |  |  | 5,972 |  |  |  | 5,984 |
Corporate expenses |  |  | (1,262 | ) |  |  | (1,348 | ) |  |  | (2,253 | )
Total operating income |  | $ | 3,785 |  |  | $ | 3,314 |  |  | $ | 1,981 |
Income (loss) before income taxes |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  |  | 2,308 |  |  |  | 5,024 |  |  |  | 4,554 |
Electronic products |  |  | 6,773 |  |  |  | 7,624 |  |  |  | 7,963 |
Corporate expenses |  |  | (1,262 | ) |  |  | (1,348 | ) |  |  | (2,253 | )
Total income before taxes |  | $ | 7,819 |  |  | $ | 11,300 |  |  | $ | 10,264 |
|  | Year ended March 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |
|  | Interest income from bank deposits |  |  | Interest expenses |  |  | Interest income from bank deposits |  |  | Interest expenses |  |  | Interest income from bank deposits |  |  | Interest expenses |
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  | $ | 423 |  |  | $ | — |  |  | $ | 584 |  |  | $ | — |  |  | $ | 844 |  |  | $ | — |
Electronic products |  |  | 246 |  |  |  | — |  |  |  | 468 |  |  |  | — |  |  |  | 598 |  |  |  | — |
Consolidated total |  | $ | 669 |  |  | $ | — |  |  | $ | 1,052 |  |  | $ | — |  |  | $ | 1,442 |  |  | $ | — |
|  | Year ended March 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |
|  | Identifiable assets |  |  | Capital expenditure |  |  | Depreciation and amortization |  |  | Identifiable assets |  |  | Capital expenditure |  |  | Depreciation and amortization |  |  | Identifiable assets |  |  | Capital expenditure |  |  | Depreciation and amortization |
Segment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Injection molded plastic parts |  | $ | 62,760 |  |  | $ | 26 |  |  | $ | 1,048 |  |  | $ | 72,144 |  |  | $ | 163 |  |  | $ | 1,009 |  |  | $ | 75,244 |  |  | $ | 131 |  |  | $ | 969 |
Electronic products |  |  | 48,316 |  |  |  | 355 |  |  |  | 475 |  |  |  | 48,064 |  |  |  | 169 |  |  |  | 510 |  |  |  | 54,720 |  |  |  | 350 |  |  |  | 515 |
Consolidated totals |  | $ | 111,076 |  |  | $ | 381 |  |  | $ | 1,523 |  |  | $ | 120,208 |  |  | $ | 332 |  |  | $ | 1,519 |  |  | $ | 129,964 |  |  | $ | 481 |  |  | $ | 1,484 |
The breakdown of sales by destination is analyzed as follows:
|  | Year ended March 31, |
|  | 2024 |  |  | 2025 |  |  | 2026 |
Net sales |  |  |  |  |  |  |  |  |
United States of America |  | $ | 7,925 |  |  | $ | 6,081 |  |  | $ | 7,554 |
PRC |  |  | 22,121 |  |  |  | 22,448 |  |  |  | 18,314 |
United Kingdom |  |  | 11,985 |  |  |  | 10,917 |  |  |  | 10,453 |
Hong Kong |  |  | 8,225 |  |  |  | 6,908 |  |  |  | 6,385 |
Europe |  |  | 10,016 |  |  |  | 12,546 |  |  |  | 9,286 |
Canada |  |  | 2,988 |  |  |  | 3,882 |  |  |  | 5,086 |
Others |  |  | 6,108 |  |  |  | 4,828 |  |  |  | 4,254 |
Total net sales |  | $ | 69,368 |  |  | $ | 67,610 |  |  | $ | 61,332 |
The location of the Company’s long-lived assets is as follows:
|  | March 31, |
|  | 2025 |  |  | 2026 |
Hong Kong and Macao |  | $ | 2 |  |  | $ | 2 |
PRC |  |  | 23,383 |  |  |  | 22,324 |
Total long-lived assets |  | $ | 23,385 |  |  | $ | 22,326 |

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