M Foundation Auto Parts & Tires: Focus on Automotive CPV Growth and Expanding Non-automotive Businesses for AIDC We are OW on Toyoda Gosei (expanded use of airbags), Nifco (growing sales to China/Korea OEMs), NHK Spring (HDD suspension growth), GS Yuasa (ESS batteries), Toyo Tire (continuing growth of US WLTR). June 19, 2026 03:56 AM GMT Investor Presentation | Japan Auto Parts industry In-Line: We think the risk of earnings deteriorating due to high raw materials cost has subsided with signs that the situa ...