Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 61

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 61
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 allowing us to ensure timely and cost -effectivedeliveries. We intentionally maintain flexibility by avoiding long -termcommitments with specific logistics service providers, enabling us to select transport partners based on 38 pricing, capacity, lead time, and service quality for each transaction. Typically, domestic deliveries are completed within one week of order placement, while international deliveries are fulfilled within one to three months, depending on destination and shipping conditions. Our net income for the fiscal year ended March31, 2025 amounted to $1,216,978, which is the combination of our income from operations of $755,600, total other income of $850,668 and income tax expense of $389,290, and our net loss for the fiscal year ended March31, 2024 amounted to $302,889, which is the combination of our loss from operations of $641,093, total other income of $178,037 and income tax benefit of $160,167, respectively. Key Factors that Affect Our Results of Operations Our results of operations are subject to a variety of external and internal factors that influence both our revenue generation and cost structure. These include macroeconomic trends in Japan, East Asia, and Southeast Asia, demand for recyclable materials, changes in supply chain logistics, and our ability to maintain and expand supplier and customer relationships. In particular, the following key factors have had, and are expected to continue to have, a material impact on our financial condition and results of operations. Industry Fragmentation and Regulatory Complexity The recyclable resources industry in Japan is highly fragmented, with more than 110,000 market participants involved in various stages such as collection, sorting, and processing. While large industrial groups dominate some downstream activities, market entry is limited by licensing hurdles, local supplier dependencies, and strict environmental regulations. Our ability to scale within this fragmented landscape, while maintaining compliance and competitiveness, materially affects our growth prospects. Product and Geographic Diversification We operate across both waste paper and scrap metal categories and conduct cross -bordertrade across Japan, East Asia, Southeast Asia, and North America. This dual diversification mitigates concentration risks, helps us smooth cyclical volatility, and contributes to the stability of our operations. Commitment to Environmental Compliance and Green Economy We are committed to promoting resource reuse and aligning our operations with Japan’s 2050 carbon neutrality goals. This green positioning has helped us attract customers and improve market credibility, supporting revenue opportunities in an increasingly ESG -orientedeconomy. Brand Development and Market Awareness Our future growth depends