Company: SEAH
Filing Date: 2025-07-24
Form Type: DRS
Source: 0001213900-25-067275
Chunk: 75

Company: Seahawk Recycling Holdings, Inc.
Filing Date: 2025-07-24
Form: DRS
Chunk 75
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 experienced a decline from $5,118.0 billion in 2019 to $4,030.0 billion in 2024, representing a Compound Annual Growth Rate (“CAGR”) of -4.7%, mainly attributed to a decrease in consumption caused by high inflation rates. However, the economic growth rate for 2025 is projected to rebound, which is expected to be driven by the resumption of inbound tourism and increased automobile output. Additionally, the ongoing trend of wage hikes, coupled with planned income tax cuts, is anticipated to contribute to the revival of domestic demand in the near future. Looking ahead, Japan’s nominal GDP is predicted to reach $4,830.0 billion with a CAGR of 3.6% from 2025 to 2029, due to increased economic activity, improved consumer confidence, and the implementation of strategic government initiatives. Source: International Monetary Fund, The Frost & Sullivan Report Nominal GDP Per Capita and Growth Rate From 2019 to 2024, the nominal GDP per capita in Japan decreased from $40,584.0 in 2019 to $32,500.0 in 2024, at a CAGR of -4.3%, following the decline of nominal GDP during the same period. 53 The Japanese government may have implemented policies aimed at stimulating economic growth and increasing productivity. These policies could include investment in infrastructure, tax reforms, deregulation, or initiatives to encourage innovation and entrepreneurship. Combined with the economic growth, particularly in tourism and automobile, the nominal GDP per capita in Japan is expected to grow at a CAGR of 4.2% from 2025 to 2029. Source: International Monetary Fund, The Frost & Sullivan Report Total Population and Growth Rate According to the IMF, the population in Japan has declined slightly with a CAGR of approximately -0.4% from 2019 to 2024, reaching 123.9 million by 2024. An increasing proportion of elderly individuals, low birth rates, economic pressures, lifestyle choices, and limited immigration, have contributed to the decline in population growth in Japan. The population in Japan is expected to decrease, reaching 120.6 million in 2029, at a CAGR of -0.6% from 2025 to 2029. Source: International Monetary Fund, The Frost & Sullivan Report Value Added in the Manufacturing market Japan’s overall manufacturing value -addedincreased from $1,007.2 billion in 2019 to $1,103