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v3.24.2

Concentrations of Credit Risk and Major Customers (Tables) | 12 Months Ended
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Mar. 31, 2024
Concentrations of Credit Risk and Major Customers [Abstract] |
Schedule of Accounts Payable to Suppliers | Accounts receivable from the four customers with the largest receivable balances or customers that individually comprised 10% or more of receivable balance as of March 31, 2023 and 2024 are as follows:
|  | Percentage of accounts receivable |
|  | 2023 |  |  | 2024 |
|  | % |  |  | % |
Customer A (note d) |  |  | 30.2 |  |  |  | 28.4 |
Customer B (note e) |  |  | 31.7 |  |  |  | 22.1 |
Customer C (note f) |  |  | 14.5 |  |  |  | 21.8 |
Customer D |  |  | 14.1 |  |  |  | 10.7 |
Four largest receivable balances |  |  | 90.5 |  |  |  | 83.0 |
(a) | Sales to this customer were reported in both of the Metal Stamping and Mechanical OEM and Electric OEM operating segments.
(b) | Sales to this customer was reported in the Metal Stamping operating segment.
(c) | Sub-contracting income received was reported in Electric OEM operating segment.
(d) | Customer A is the same entity as Supplier E below.
(e) | Customer B is the same entity as Supplier D below.
(f) | Customer C is the same entity as Supplier A below.
*** | Represented not reaching 10% threshold in the respective years.
Schedule of Revenue by Major Customers by Reporting Segments | A substantial percentage of the Group’s sales are made to three customers and are typically on an open account basis. Customers accounting for 10% or more of total revenue from contracts with customers in any of the years ended March 31, 2022, 2023 and 2024 are as follows:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | % |  |  | % |  |  | % |
Customer C (note b, note f) |  |  | 26.5 |  |  |  | 33.0 |  |  |  | 34.4 |
Customer B (note a, note e) |  |  | 33.4 |  |  |  | 35.3 |  |  |  | 24.0 |
Customer A (note c, note d) |  |  | *** |  |  |  | *** |  |  |  | 12.9 |
Customer D (note a) |  |  | 16.7 |  |  |  | 16.5 |  |  |  | 11.2 |
Customer E (note a) |  |  | *** |  |  |  | 11.9 |  |  |  | 10.7 |
|  |  | 76.6 |  |  |  | 96.7 |  |  |  | 93.2 |
(a) | Sales to this customer were reported in both of the Metal Stamping and Mechanical OEM and Electric OEM operating segments.
(b) | Sales to this customer was reported in the Metal Stamping operating segment.
(c) | Sub-contracting income received was reported in Electric OEM operating segment.
(d) | Customer A is the same entity as Supplier E below.
(e) | Customer B is the same entity as Supplier D below.
(f) | Customer C is the same entity as Supplier A below.
*** | Represented not reaching 10% threshold in the respective years.
Schedule of Accounts Payable to Suppliers | Accounts payable to suppliers that individually comprised 10% or more of accounts payable balance as of March 31, 2023 and 2024 are as follows:
|  | Percentage of accounts payable |
|  | 2023 |  |  | 2024 |
|  | % |  |  | % |
Supplier D (note g) |  |  | *** |  |  |  | 24.2 |
Supplier E (note h) |  |  | *** |  |  |  | 11.5 |
Supplier F |  |  | *** |  |  |  | 11.0 |
Supplier A (note i) |  |  | *** |  |  |  | 10.9 |
Supplier B |  |  | 20.9 |  |  |  | *** |
|  |  | 20.9 |  |  |  | 57.6 |
Suppliers accounting for 10% or more of net purchases for the years ended March 31, 2022, 2023 and 2024 are as follows:
|  | Year ended March 31, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | % |  |  | % |  |  | % |
Supplier A (note i) |  |  | 10.0 |  |  |  | *** |  |  |  | 10.7 |
Supplier C |  |  | 11.3 |  |  |  | 11.3 |  |  |  | *** |
Supplier B |  |  | *** |  |  |  | 10.3 |  |  |  | *** |
|  |  | 21.3 |  |  |  | 21.6 |  |  |  | 10.7 |
(g) | Supplier D is the same entity as Customer B above.
(h) | Supplier E is the same entity as Customer A above.
(i) | Supplier A is the same entity as Customer C above.
*** | Represented not reaching 10% threshold in the respective years.

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- Definition Tabular disclosure of the extent of the entity's reliance on its major customers, if revenues from transactions with a single external customer amount to 10 percent or more of entity revenues, including the disclosure of that fact, the total amount of revenues from each such customer, and the identity of the reportable segment or segments reporting the revenues. The entity need not disclose the identity of a major customer or the amount of revenues that each segment reports from that customer. For these purposes, a group of companies known to the entity to be under common control is considered a single customer, and the federal government, a state government, a local government such as a county or municipality, or a foreign government is each considered a single customer. + References No definition available. + Details
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- Definition Tabular disclosure of the nature of a concentration, a benchmark to which it is compared, and the percentage that the risk is to the benchmark. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 825 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-21 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-20 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 18 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-18 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 20 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-20 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 16 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-16 Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 275 -SubTopic 10 -Section 50 -Paragraph 21 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482861/275-10-50-21 + Details
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