Misto Holdings (081660.KS) Q1 2026: FILA Revenue Plunges 20% as Acushnet Shoulders 88.6% of Group Profit
The company that began as a FILA licensee now generates 85.6% of its consolidated revenue from U.S.-listed Acushnet, reducing its founding apparel brand to a minor character in a golf-dominated story.
Source: Q1 2026 Quarterly Report (37th Fiscal Year, 1st Quarter: January 1–March 31, 2026) — Filed May 15, 2026 with DART | Consolidated Financial Statements | Unit: ₩ billions
The first quarter of fiscal 2026 explained, in hard numbers, why Misto Holdings quietly retired the name it had traded under for decades. While FILA brand revenue — the company's founding franchise — contracted 20.1% year-on-year to ₩146.5 billion, NYSE-listed subsidiary Acushnet Holdings (Titleist, FootJoy) produced ₩171.5 billion in segment operating profit, absorbing 88.6% of the group's consolidated operating income single-handedly. Consolidated operating profit reached ₩193.7 billion, up 19.0% year-on-year, and the operating margin expanded 1.9 percentage points to 15.0%. Headline net profit, however, slipped 3.5% to ₩146.1 billion: a roughly ₩29 billion one-time gain from the prior-year quarter evaporated, and the effective tax rate climbed from 20.5% to 25.7%. Strip away those transient headwinds and the operating franchise is demonstrably stronger than it was twelve months earlier. With 85.6% of revenue denominated in dollars, Misto Holdings has effectively become a Korean-listed global golf-equipment holding company.
