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v3.25.2

Segment Information (Tables) | 12 Months Ended
--- | ---
Mar. 31, 2025
Segment Information [Abstract] |
Schedule of Assets and Property, Plant and Equipment | A summary of the revenue from contracts with customers, profitability information and asset information by segment and geographical areas is shown below:
|  | Metal stamping and Mechanical OEM |  |  | Electric OEM |  |  | Corporate |  |  | Consolidated |
Fiscal year ended March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Sales of products |  | $ | 4,500 |  |  |  | 2,912 |  |  |  | - |  |  |  | 7,412 |
Sub-contracting income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total revenue |  |  | 4,500 |  |  |  | 2,912 |  |  |  | - |  |  |  | 7,412 |
Cost |  |  | 3,077 |  |  |  | 1,865 |  |  |  | - |  |  |  | 4,942 |
Gross Profit |  |  | 1,423 |  |  |  | 1,047 |  |  |  | - |  |  |  | 2,470 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 1,749 |  |  |  | 1,149 |  |  |  | 107 |  |  |  | 3,005 |
Impairment of property, plant and equipment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Impairment of operating lease right of use assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total operating expenses |  |  | 1,749 |  |  |  | 1,149 |  |  |  | 107 |  |  |  | 3,005 |
Segment loss |  | $ | (326 | ) |  |  | (102 | ) |  |  | (107 | ) |  |  | (535 | )
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange gain, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 124 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 203 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 22 |
Gain on disposal of property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 333 |
Income before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 147 |
Other segment information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 6 |  |  |  | 3 |  |  |  | - |  |  |  | 9 |
Capital expenditure |  |  | 62 |  |  |  | 39 |  |  |  | - |  |  |  | 101 |
|  | Metal stamping and Mechanical OEM |  |  | Electric OEM |  |  | Corporate |  |  | Consolidated |
Fiscal year ended March 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Sales of products |  | $ | 3,474 |  |  |  | 2,029 |  |  |  | - |  |  |  | 5,503 |
Sub-contracting income |  |  | - |  |  |  | 818 |  |  |  | - |  |  |  | 818 |
Total revenue |  |  | 3,474 |  |  |  | 2,847 |  |  |  | - |  |  |  | 6,321 |
Cost |  |  | 2,719 |  |  |  | 1,894 |  |  |  | - |  |  |  | 4,613 |
Gross Profit |  |  | 755 |  |  |  | 953 |  |  |  | - |  |  |  | 1,708 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 1,158 |  |  |  | 1,210 |  |  |  | 109 |  |  |  | 2,477 |
Impairment of property, plant and equipment |  |  | 190 |  |  |  | 145 |  |  |  | - |  |  |  | 335 |
Impairment of operating lease right of use assets |  |  | 302 |  |  |  | 225 |  |  |  | - |  |  |  | 527 |
Total operating expenses |  |  | 1,650 |  |  |  | 1,580 |  |  |  | 109 |  |  |  | 3,339 |
Segment loss |  | $ | (895 | ) |  |  | (627 | ) |  |  | (109 | ) |  |  | (1,631 | )
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange gain, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 198 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 248 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 30 |
Gain on disposal of property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,139 | )
Other segment information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 89 |  |  |  | 70 |  |  |  | - |  |  |  | 159 |
Capital expenditure |  |  | 65 |  |  |  | 53 |  |  |  | - |  |  |  | 118 |
|  | Metal stamping and Mechanical OEM |  |  | Electric OEM |  |  | Corporate |  |  | Consolidated |
Fiscal year ended March 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Revenues: |  |  |  |  |  |  |  |  |  |  |  |
Sales of products |  | $ | 6,654 |  |  |  | 3,588 |  |  |  | - |  |  |  | 10,242 |
Sub-contracting income |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total revenue |  |  | 6,654 |  |  |  | 3,588 |  |  |  | - |  |  |  | 10,242 |
Cost |  |  | 4,956 |  |  |  | 2,145 |  |  |  | - |  |  |  | 7,101 |
Gross Profit |  |  | 1,698 |  |  |  | 1,443 |  |  |  | - |  |  |  | 3,141 |
Operating expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Selling, general and administrative expenses |  |  | 1,910 |  |  |  | 1,538 |  |  |  | 170 |  |  |  | 3,618 |
Impairment of property, plant and equipment |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Impairment of operating lease right of use assets |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total operating expenses |  |  | 1.910 |  |  |  | 1,538 |  |  |  | 170 |  |  |  | 3,618 |
Segment loss |  | $ | (212 | ) |  |  | (95 | ) |  |  | (170 | ) |  |  | (477 | )
Reconciliation of segment profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exchange gain, net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 32 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 87 |
Other income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 38 |
Gain on disposal of property, plant and equipment |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 7 |
Loss before income taxes |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (313 | )
Other segment information: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation expense |  | $ | 137 |  |  |  | 72 |  |  |  | - |  |  |  | 209 |
Capital expenditure |  |  | 60 |  |  |  | 32 |  |  |  | - |  |  |  | 92 |
Schedule of Assets and Property, Plant and Equipment |
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
Total assets: |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | 5,486 |  |  |  | 5,041 |
Electric OEM |  |  | 5,770 |  |  |  | 4,302 |
Corporate |  |  | 62 |  |  |  | 211 |
Total assets |  |  | 11,318 |  |  |  | 9,554 |
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
Property, plant and equipment, net: |  |  |  |  |  |
Metal stamping and Mechanical OEM |  |  | - |  |  |  | 57 |
Electric OEM |  |  | - |  |  |  | 37 |
Total property, plant and equipment, net |  |  | - |  |  |  | 94 |
Schedule of Breakdown by Geographic Area | the breakdown by geographic area is as follows:
|  | Year ended March 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |  |  | $ |
Revenue from contracts with customers: |  |  |  |  |  |  |  |  |
Hong Kong and China |  |  | 1,510 |  |  |  | 906 |  |  |  | 794 |
Europe |  |  | 8,268 |  |  |  | 4,214 |  |  |  | 6,324 |
Other Asian countries |  |  | 27 |  |  |  | - |  |  |  | 3 |
North America |  |  | 437 |  |  |  | 1,201 |  |  |  | 291 |
Total revenue from contracts with customers |  |  | 10,242 |  |  |  | 6,321 |  |  |  | 7,412 |
The breakdown by geographic area is as follows:
|  | As of March 31, |
|  | 2024 |  |  | 2025 |
|  | $ |  |  | $ |
Property, plant and equipment, net: |  |  |  |  |  |
Hong Kong and China |  |  | - |  |  |  | 83 |
Myanmar |  |  | - |  |  |  | 11 |
Total property, plant and equipment, net |  |  | - |  |  |  | 94 |

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