Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 100

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 100
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 services agreements with specific logistic service providers. Instead, we arrange the delivery of our products by placing fixed -termdelivery orders to logistic service providers on a deal -by -dealbasis. Without being bound by long -termlogistics services agreements, we maintain operational flexibility, enabling us to select the most suitable logistics service providers based on cost, capacity, delivery timelines, and service quality for each delivery. While we do not enter into long -termlogistics services agreements with specific logistic service providers, the fixed -termdelivery orders contain all the general terms and conditions of our requirements, including warranties, reimbursements, indemnities, delivery, and certain other terms to secure our contractual rights. Delivery timelines vary depending on the destination. Domestic customers typically receive their orders within one week, while international shipments are usually fulfilled within one to three months, depending on transit time and port schedules. Our Customers Our sales agreements mainly consist of master sales agreements, purchase orders which may be governed by master sales agreements, and all other agreements with customers that can be written, oral, or implied by an entity’s customary business practices. These agreements are signed between us and the customer and come into force after signing or stamping by both parties. The agreements clearly specify each party’s rights regarding the products to be delivered, including product name, unit price, quantity or weight, delivery terms, and other details. The payment terms are specified in each agreement, including the amounts and settlement methods. For the waste papers, our customers are mostly recycled pulp mills and trading companies located in Japan, with a portion of our customers operating in Southeast Asia. For the paper pulps, our customers primarily consisted of paper manufacturers and trading companies across Japan, East Asia and Southeast Asia. For the old metal appliances, our customers are mostly smelters, or trading companies located in Japan. For processed and dismantledmetal wires, our customers primarily consisted of metal processing firms, smelters or trading companies located in Japan, East Asia and Southeast Asia. For the fiscal year ended March 31, 2025, we had one major customer who accounted for more than 10% of our total revenues. For the fiscal year ended March 31, 2025, the major customer contributed $22,202,993, which accounted for 33.95% of our total revenues. For the fiscal year ended March 31, 2024, we had one major customer who accounted for more than 10% of our total revenues. For the fiscal year ended March 31, 2024