Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 99

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 99
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 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. During the fiscal years ended March 31, 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 March 31, 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 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 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. 70 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