Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 97

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 97
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 2026 and 2027, respectively, with the goal of reaching profitability in these markets by 2028. Optimizing and Developing our Proprietary Transaction Matching System Currently, to facilitate the transactions, we rely on our sales staff to gather real -timemarket data such as the quantity of supply and demand and transaction prices on a daily basis through public information platforms, our client information systems, telemarketing, etc., and enter the data into our proprietary transaction matching system. We plan to invest more resources to optimize our proprietary transaction matching system with artificial intelligence and develop functions in connection with automatic market data gathering and analyzing. With such an advanced transaction matching system, we will be able to facilitate transactions more accurately and efficiently, and our sales staff may focus on liaising with the matched suppliers and customers to lock in transactions. New Product Development and Diversification We are exploring new recyclable materials and byproducts, such as waste glass and plastic, especially those aligned with environmental trends and regulatory support, to broaden our product portfolio and tap into adjacent recycling markets. Our Businesses We engage in the trading of two principal product categories: waste paper and scrap metal, which are sourced and sold through a well -establishednetwork of our suppliers and customers. Waste Paper Recycling Business Domestically, we source waste paper from collection companies across Japan and sell these materials to recycled pulp mills and trading companies. In parallel, we purchase recycled paper pulp from pulp mills and supply it to paper manufacturers and trading companies. We operate our domestic waste paper recycling business by cooperating 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