December 14, 2025 08:14 PM GMT Auto Parts | Japan Key Talking Points in Our Meetings with Overseas Investors Key Takeaways Catalysts for the Tires industry might dwindle once full-year results come out in mid-Feb, but we still see a number of positives for the industry overall: the durability of replacement (REP) tire demand; expectations for earnings improvement fueled by increasing sales of large-diameter tires (18" and larger); and continue room for P/B multiples to re-rate relative to ROE improvement. A ...