Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 103

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 103
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 with third -partylogistics service providers. Once our purchase from the supplier and sale to the customer of the waste paper or recycled paper pulp are both secured, we coordinate the logistics of each transaction through a network of third -partylogistics service providers to deliver the waste paper or recycled paper pulp from the supplier to the customer. While waste paper transactions are primarily conducted within Japan, our paper pulp exports serve a broad customer base across countries in East Asia and Southeast Asia. In the fiscal years ended March 31, 2025 and 2024, we generated $17,697,546 and $12,683,826 from the sale of waste papers and paper pulps that we sourced from suppliers in Japan, respectively, which accounted for 27.1% and 24.9% of our total revenue for the fiscal years ended March 31, 2025 and 2024, respectively. In addition to our domestic operations, we operate an international supply chain by sourcing waste paper from suppliers in the United States and arranging direct shipments from the New York port to the designated ports in Malaysia for our customers, mainly pulp mills and paper manufacturers, to pick up. This cross -bordertrade model underscores 73 our ability to efficiently coordinate global logistics and manage complex supply networks. In the fiscal years ended March 31, 2025 and 2024, we generated $1,906,229 and $102,893 from the sale of waste papers that we sourced from suppliers in the U.S., respectively, which accounted for 2.9% and 0.2% of our total revenue for those periods, respectively. In the fiscal year ended March 31, 2025, 14.5%, 7.9% and7.6% of our total revenue were contributed by the customers of our waste paper recycling business located in Japan, East Asia and Southeast Asia, 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. Waste Papers Processing 74 Paper Pulps 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 dismant