Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 60

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 60
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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 in part on enhancing the visibility and credibility of our brand among suppliers and customers. Limited brand recognition could constrain our ability to expand business partnerships and may impact our ability to acquire or retain customers efficiently. Supply Chain and Revenue Concentration Risks Our business operations depend on a limited number of major suppliers and customers. While we continue to expand our network, our results of operations could be adversely affected by disruptions, changes in contractual terms, or deteriorating relationships with key trading partners. Macroeconomic and Geopolitical Risks Our results are sensitive