Company: SEAH
Filing Date: 2025-09-25
Form Type: F-1
Source: 0001213900-25-091701
Chunk: 21

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-09-25
Form: F-1
Chunk 21
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 other hostilities. Reduced consumer confidence and spending cutbacks may result in reduced demand for renewable resources. Reduced demand also may require increased selling and promotional expenses. Adverse economic conditions and any related decrease in consumer demand for renewable resources could have a material adverse effect on our business, financial condition and results of operations. For example, the COVID -19pandemic has reduced the number of trips consumers make to brick -and -mortarstores, including offline used household appliance stores. The COVID -19pandemic has also resulted in a severe and negative impact on the Japanese, East Asia, Southeast Asia and the global economy. Negative economic conditions related to this outbreak may limit consumer confidence and the amount of disposable income available to consumers, which may impact our customers’ demand. In addition, unrest, terrorist threats, wars in the Ukraine and the Middle East and the potential for war elsewhere may increase market volatility across the globe. There have also been concerns about the relationship between China and other countries, including but not limited to the surrounding Asian countries, which may potentially have economic impacts. In particular, there is significant uncertainty about the future relationship between the United States and China with respect to trade policies, treaties, government regulations and tariffs. Any severe or prolonged slowdown in the Japanese, East Asia, Southeast Asia or global economy may materially and adversely affect our business, financial condition and results of operations. 11 In addition, many of the factors identified above also affect commodity rates, transportation costs, interest rates, costs of labor, insurance and healthcare, lease costs, measures that create barriers to or increase the costs associated with international trade, changes in other laws and regulations and other economic factors, all of which may impact our cost of sales, our selling and logistics expenses, and general and administrative expenses, which could have a material adverse effect on our business, financial condition and results of operations. We are exposed to risks related to concentration of suppliers as we rely on one major supplier, and such concentration may have a material adverse effect on our business, financial condition and results of operations. In each of the fiscal years ended March 31, 2025 and 2024, one of our suppliers constituted more than 10% of our aggregate purchases, representing 35.67% and 36.58% of our aggregate purchases in the fiscal years ended March 31, 2025 and 2024, respectively. In addition, for the fiscal years ended March 31, 2025 and 2024, purchases from our top five suppliers accounted for