Company: SEAH
Filing Date: 2025-08-29
Form Type: DRS/A
Source: 0001213900-25-082696
Chunk: 59

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-08-29
Form: DRS/A
Chunk 59
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 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. Our scrap metal recycling business focuses on the trade of dismantled metal wires and old metal appliances such as motors, engines, air conditioners and refrigerators. For old metal appliances, we acquire these materials from collection companies and supply them to smelters or trading companies, while for dismantled metal wires, we purchase processed and dismantled metal wires such as copper wires, aluminum wires, brass wires and iron wires, from dismantling factories, and then sell them to smelters, or trading firms. 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. During the fiscal years ended March31, 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 March31, 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 38 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 March31, 2025 amounted to $1,216,