Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 105

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 105
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, respectively. In the fiscal year ended March 31, 2024, 11.5%, 5.2% and 8.3% of our total revenue were contributed by the customers of our waste paper recycling business located in Japan, East Asia and Southeast Asia, respectively. Scrap Metal Recycling Business Our scrap metal recycling operations are centered on the procurement and sale of old metal appliances and dismantled metal wires. We acquire obsolete metal products such as motors, engines, air conditioners, and refrigerators from collection companies and sell them to smelters, or trading companies. Additionally, we purchase dismantled metal wires, including copper, aluminum, brass, and iron wires, from dismantling factories, and sell them to downstream metal processing firms, smelters or trading companies. While the operations under our scrap metal recycling business are primarily concentrated within Japan due to the heavier nature of these materials, we also export a portion of our dismantled metal wires to our customers in East Asia and Southeast Asia. In the fiscal years ended March 31, 2025 and 2024, we generated $45,599,553 and $38,217,051 from the sale of old metal appliancesanddismantled metal wires, respectively, which accounted for 69.7% and 74.9% of our total revenue for the fiscal years ended March 31, 2025 and 2024, respectively. In the fiscal year ended March 31, 2025, 57.4%, 8.6% and 3.7% of our total revenue were contributed by the customers of our scrap metal recycling business located in Japan, East Asia and Southeast Asia, respectively. In the fiscal year ended March 31, 2024, 69.3%, 4.7% and 0.9% of our total revenue were contributed by the customers of our scrap metal recycling business located in Japan, East Asia and Southeast Asia, respectively. Sales and Logistics Operations Our sales activities are driven by our proprietary transaction matching system designed to optimize trading efficiency and responsiveness. The system integrates real -timedata on supply quantities, demand levels, and market pricing that we gather from public databases, internal client systems, telemarketing, and direct communications. Our proprietary system enables us to match optimal supply and demand combinations efficiently. Once the system matches the best transaction combinations, our sales staff would contact the matched suppliers and customers through various communication channels, including telephone, email, and instant messaging platforms, to lock in transactions.