Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 104

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 104
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led 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. 75 Obsolete Metal Products Sorting and Processing 76 Processed and Dismantled Metal Wires 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. Once our purchase from the matched supplier and sale to the matched customer of the product are both secured, we then coordinate the logistics of each transaction through a network of third -partylogistics service providers to deliver the products from the suppliers to the customers. For exporting transactions, we manage the entire supply chain from picking up products from the suppliers, transporting the products to the ports, usually the Tokyo port, to shipping the products to the designated ports through international ocean freight, ensuring seamless and cost -efficientglobal deliveries