Company: SEAH
Filing Date: 2025-11-24
Form Type: F-1/A
Source: 0001213900-25-113788
Chunk: 101

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-11-24
Form: F-1/A
Chunk 101
---
 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 March 31, 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 March 31, 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. 71 Our opportunities: Growing Demand for the Japanese Recycling Sector The Japanese government has pledged to achieve carbon neutrality by 2050 and to cut national greenhouse gas emissions. Such a policy agenda positions higher scrap metal utilization as a primary lever for decarbonizing domestic metals production since secondary metals emit less carbon dioxide than ore -basedroutes. At the same time, a large portion of the roads, bridges, ports, ship hulls, and high -risebuildings in Japan were erected during the rapid -growthdecades of the 1960s through the 1980s, which means many of these structures are approaching or have exceeded their engineered service life. The Japanese governmental safety audits and stricter seismic standards have accelerated demolition, retrofit, and rebuild programs, especially between 2020 and 2024, as stimulus budgets were channeled into public works projects for regional revitalization. Each demolition, retrofit, and rebuild program releases significant volumes of relatively clean ferrous scrap metal, including structural steel, rebar, steel plate, copper wires and stainless fixtures, all of which enter the recycling stream at predictable, contract -basedintervals. For recycled metal trading companies like us, these factors provide predictable and secure growth for the business. Considering paper recycling, the Japanese market’s appetite for recovered fiber remains one of the strongest in the world, even as the headline tonnage trends gently lower. The waste paper recycling rate in domestic paper pulp and paper production has climbed from 79.5% in 2019 to 81.7% in 2024 and is forecast to reach about 82.5% by 2029. The upward drift signals a progressively greener furnish mix, enabled by Japan’s exceptionally efficient collection network, advanced de -inkingtechnology and growing corporate decarbonization targets. Wide -spreadapplications of paper packaging products, especially corrugating