Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 104

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 104
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 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 73 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 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