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Segment Information | 12 Months Ended
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Mar. 31, 2023
Segment Information [Abstract] |
SEGMENT INFORMATION |
22. | SEGMENT INFORMATION
The Group’s chief operating decision maker, who has been identified as the Company’s Chief Executive Officer, evaluates segment performance and allocates resources based on several factors, of which the primary financial measure is operating income. The Group operates in two segments, Metal stamping and mechanical OEM segment and Electric OEM segment. The Metal stamping and mechanical OEM segment focus on manufacturing and sale of metal parts and components. The Electric OEM segment focuses on manufacturing and sale of plastic and electronic parts and components. Corporate represented expenses that are not allocated to reportable segments and other corporate items. A summary of the revenue from contracts with customers, profitability information and asset information by segment and geographical areas is shown below:
|  | Year ended March 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |  |  | $ |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 5,192 |  |  |  | 7,213 |  |  |  | 6,654 |
Electric OEM |  |  | 3,976 |  |  |  | 5,152 |  |  |  | 3,588 |
Total revenue from contracts with customers |  |  | 9,168 |  |  |  | 12,365 |  |  |  | 10,242 |
Operating (loss) income: |  |  |  |  |  |  |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | (327 | ) |  |  | 339 |  |  |  | (212 | )
Electric OEM |  |  | (207 | ) |  |  | 307 |  |  |  | (95 | )
Corporate |  |  | (82 | ) |  |  | (79 | ) |  |  | (170 | )
Total operating income (loss) |  |  | (616 | ) |  |  | 567 |  |  |  | (477 | )
Depreciation expense: |  |  |  |  |  |  |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 90 |  |  |  | 95 |  |  |  | 137 |
Electric OEM |  |  | 69 |  |  |  | 67 |  |  |  | 72 |
Total depreciation |  |  | 159 |  |  |  | 162 |  |  |  | 209 |
Capital expenditure: |  |  |  |  |  |  |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 50 |  |  |  | 78 |  |  |  | 60 |
Electric OEM |  |  | 38 |  |  |  | 56 |  |  |  | 32 |
Total capital expenditure |  |  | 88 |  |  |  | 134 |  |  |  | 92 |
|  | As of March 31, |
|  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |
Total assets: |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 7,784 |  |  |  | 8,099 |
Electric OEM |  |  | 6,961 |  |  |  | 5,696 |
Corporate |  |  | 114 |  |  |  | 88 |
Total assets |  |  | 14,859 |  |  |  | 13,883 |
|  | As of March 31, |
|  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |
Property, plant and equipment, net: |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 380 |  |  |  | 266 |
Electric OEM |  |  | 263 |  |  |  | 135 |
Total property, plant and equipment, net |  |  | 643 |  |  |  | 401 |
All of the Group’s sales are coordinated through its head office in Hong Kong. The Group considers revenues to be generated by geographic area based on the physical location of customers. the breakdown by geographic area is as follows:
|  | Year ended March 31, |
|  | 2021 |  |  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |  |  | $ |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Hong Kong and China |  |  | 1,554 |  |  |  | 2,105 |  |  |  | 1,510 |
Europe |  |  | 7,269 |  |  |  | 8,761 |  |  |  | 8,268 |
Other Asian countries |  |  | 37 |  |  |  | 76 |  |  |  | 27 |
North America |  |  | 308 |  |  |  | 1,423 |  |  |  | 437 |
Total revenue from contracts with customers |  |  | 9,168 |  |  |  | 12,365 |  |  |  | 10,242 |
All of the Group’s property, plant and equipment are located in Hong Kong, China and Myanmar. The breakdown by geographic area is as follows:
|  | As of March 31, |
|  | 2022 |  |  | 2023 |
|  | $ |  |  | $ |
Property, plant and equipment, net: |  |  |  |  |  |
Hong Kong and China |  |  | 128 |  |  |  | 110 |
Myanmar |  |  | 515 |  |  |  | 291 |
Total property, plant and equipment, net |  |  | 643 |  |  |  | 401 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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