Jerash Holdings (US), Inc.

Listed Company

JRSHCIK 0001696558NasdaqNon-AcceleratedSmaller ReportingApparel & Other Finishd Prods Of Fabrics & Similar MatlDelawareFY ends Mar 31

Period

FY 2025

Revenue

$145.81M

Net Income

$-848.4K

Total Assets

$82.98M

Equity

$62.82M

Shares Out

12.70M

Op. Cash Flow

$1.36M

Business

Jerash Holdings (US), Inc. is a holding company that manufactures and exports customized, ready-made sportswear and outerwear produced by its operating subsidiaries in Jordan. It offers garments including jackets, polo shirts, t-shirts, pants, shorts and related sewing, embroidery, finishing and PPE products. Its key operating units include Jordanian manufacturing subsidiaries, embroidery and trims operations, Hong Kong sales and joint venture entities, and a China-based support and merchandising affiliate. The company sells primarily to international apparel brands and retailers through direct manufacturing contracts and Hong Kong-based sales channels to markets in the United States, Europe and other global retail partners.

Summary from filing dated 2025-06-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Revenue, net	146	117	138	143	90
Cost of goods sold	123	100	116	116	74
Gross Profit	22	17	22	27	16
Selling, general and administrative expenses	19	17	17	16	11
Stock-based compensation expenses	2	986,048	413,900	947,079	66,251
Total Operating Expenses	21	18	17	17	11
Income (Loss) from Operations	1	−664,955	4	10	5
Interest expenses	−2	−1	—	—	—
Other income, net	424,108	499,120	437,002	165,893	—
Total other expenses, net	−1	−704,476	−331,129	−44,683	108,509
Net profit (loss) before provision for income taxes	151,191	−1	4	10	5
Income tax expenses	991,120	672,495	2	3	1
Net loss	−839,929	−2	2	8	4
Net (profit) loss attributable to noncontrolling interest	−8,440	36,024	—	—	1,089
Net loss attributable to Jerash Holdings (US), Inc.s Common Stockholders	−848,369	−2	2	8	—
Foreign currency translation loss	−20,803	−369,090	250,374	—	—
Total Comprehensive Loss	−860,732	−2	2	—	4
Comprehensive (gain) loss attributable to noncontrolling interest	−8,440	36,024	—	—	—
Comprehensive Loss Attributable to Jerash Holdings (US), Inc.s Common Stockholders	−869,172	−2	2	8	4
Basic (in Dollars per share)	−0.07	−0.16	0.19	0.67	0.37
Diluted (in Dollars per share)	−0.07	−0.16	0.19	0.67	—
Basic (in Shares)	12	12	13	12	11
Diluted (in Shares)	12	12	13	12	11
Dividend per share (in Dollars per share)	0.2	0.2	0.2	—	—

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Cash	13	12	18	25	21
Accounts receivable, net	3	5	2	11	12
Inventories	28	27	33	28	25
Prepaid expenses and other current assets	4	3	3	3	2
Advances to suppliers, net	7	3	—	—	—
Total Current Assets	54	51	57	70	65
Restricted cash - non-current	2	2	2	1	1
Long-term deposits	464,934	802,306	841,628	419,597	128,690
Deferred tax assets, net	—	158,329	153,873	352,590	148,663
Property, plant, and equipment, net	25	25	22	11	6
Goodwill	499,282	499,282	499,282	499,282	—
Operating lease right of use assets	850,172	1	974,761	2	2
Total Assets	83	80	84	85	73
Credit facilities	5	—	—	—	612,703
Accounts payable	7	6	6	5	8
Accrued expenses	4	4	3	3	2
Income tax payable - current	1	2	—	—	—
Uncertain tax provision	175,290	—	—	—	—
Other payables	2	2	1	—	—
Deferred revenue	487,004	10,200	928,393	—	—
Operating lease liabilities - current	339,699	370,802	481,502	739,101	400,043
Total Current Liabilities	20	15	14	14	15
Deferred tax liabilities, net	120	—	—	—	—
Operating lease liabilities - non-current	287,527	618,302	287,247	869,313	935,773
Income tax payable - non-current	—	417,450	—	—	—
Total Liabilities	20	16	15	16	17
Commitments and Contingencies (Note 16)	—	—	—	—	—
Preferred stock, $0.001 par value; 500,000 shares authorized; none issued and outstanding	—	—	—	—	—
Common stock, $0.001 par value; 30,000,000 shares authorized; 12,939,418 and 12,534,318 shares issued; 12,699,940 and 12,294,840 shares outstanding as of March 31, 2025 and 2024, respectively	12,939	12,534	12,534	12,334	11,333
Additional paid-in capital	26	24	23	23	15
Treasury stock, 239,478 shares	−1	−1	−1	—	—
Statutory reserve	413,821	413,821	410,847	—	—
Retained earnings	38	42	46	—	—
Accumulated other comprehensive loss	−513,122	−492,319	−123,229	127,145	−15,901
Total Jerash Holdings (US), Inc. Stockholders Equity	63	64	68	69	56
Noncontrolling interest	52,781	44,341	—	—	302,120
Total Equity	63	64	68	69	57
Total Liabilities and Equity	83	80	84	85	73

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-03-31	FY 2024 2024-03-31	FY 2023 2023-03-31	FY 2022 2022-03-31	FY 2021 2021-03-31
Depreciation	3	3	—	—	—
Credit loss recovery, net	−17,054	−187,762	—	221,584	—
Amortization of operating lease right-of-use assets	591,961	759,764	989,220	803,056	933,959
Uncertain tax provision	175,290	—	—	—	—
Accounts receivable	2	−3	9	762,614	−7
Bills receivable	—	87,573	−87,573	—	—
Inventories	−463,257	5	−4	−3	−2
Prepaid expenses and other current assets	−902,253	187,140	285,782	−904,305	432,585
Advances to suppliers	−4	−2	−248,490	2	−920,326
Deferred tax assets	158,329	−4,456	198,717	−203,928	−8,768
Accounts payable	167,071	557,667	942,345	−3	2
Accrued expenses	166,593	1	−185,421	783,087	88,170
Other payables	−85,685	757,627	—	—	—
Deferred revenue	476,804	−918,193	928,393	—	—
Operating lease liabilities	−544,616	−824,043	−977,584	−759,919	—
Income tax payable	−759,037	−2	92,226	—	—
Deferred tax liabilities	120	—	—	—	—
Net cash provided by operating activities	1	2	11	9	−1
Purchases of property, plant, and equipment	−951,112	−1	−722,770	−3	−890,462
Payments for construction of properties	−1	−4	−5	−2	—
Payment for long-term deposits	−329,326	−300,762	−668,337	—	—
Net cash used in investing activities	−2	−5	−14	−9	−894,263
Dividend payments	−2	−2	−2	−2	−2
Investment of noncontrolling interest	—	31,365	—	—	—
Repayment from short-term loan	−14	−8	−7	—	—
Proceeds from short-term loan	19	8	7	—	—
Net cash provided by (used in) financing activities	2	−2	−4	3	−2
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND RESTRICTED CASH	−21,028	−288,738	−250,529	—	—
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH	1	−5	−7	4	−4
Cash paid for interest	2	1	768,131	210,576	—
Income tax paid	1	2	2	—	—
Equipment obtained by utilizing long-term deposit	667,567	354,917	—	—	—
Operating lease right of use assets obtained in exchange for operating lease obligations	186,726	1	190,654	1	1

Filings

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