Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 55

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 55
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led metal wires to our customers in East Asia and Southeast Asia. During the fiscal years ended March31, 2025 and 2024, we generated $45,599,553 and $38,217,051 from the sale of old metal appliances and dismantled metal wires, respectively, which accounted for 69.7% and 74.9% of our total revenue for the fiscal years ended March31, 2025 and 2024, respectively. Our sales operations are powered by our proprietary transaction matching system that integrates real -timemarket data such as the quantity of supply and demand and transaction prices that we gather through public platforms, client systems, telemarketing and direct communications. Our proprietary system enables us to match optimal supply and demand combinations efficiently, and our sales staff would then contact the matched suppliers and customers through telephone calls, emails, instant messaging software, or other means to lock in transactions. Once our purchase from the matched supplier and sale to the matched customer of the product are both confirmed, we coordinate with logistics service providers to deliver products to customers. For export transactions, we manage the full logistics chain from supplier pickup and port delivery to international shipping, 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, and our net loss for the fiscal year ended March31, 2024 amounted to $302,889, 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