1. Misto Holdings Q2 2025 Earnings: A Mixed Bag

Misto Holdings reported consolidated revenue of KRW 2.47 trillion in the first half of 2025, a 4.5% increase year-over-year. While the Acushnet division saw 8.3% growth driven by strong Titleist golf ball sales, the Misto division (FILA and other brands) experienced a 10.0% decline due to FILA’s struggles. Operating profit increased by 13.5% due to a base effect in the Misto division, but the Acushnet division’s operating profit decreased by 23.2%.

2. Can the Misto Division Turnaround?

The Misto division’s underperformance stems from FILA’s struggles both domestically and internationally, as well as the restructuring of its North American operations. However, the expansion of licensing agreements in China and the popularity of the Escaffe series in Korea offer some positive signs. The turnaround strategy presented at the IR will be crucial for the stock’s future performance.

3. Can Acushnet Maintain its Growth Momentum?

While Acushnet continues to show robust growth, the decline in profitability is a concern. The company needs to clearly address its plans for improving profitability and future growth strategies at the IR to maintain investor confidence.

4. Key Takeaways for Investors

Investors should pay close attention to the Misto division’s turnaround strategy, Acushnet’s profitability improvement plan, the company’s strategy for navigating macroeconomic uncertainties, and its plans for new businesses and M&A.

5. Stock Outlook Post-IR

Depending on the information presented at the IR, the stock price could move in three different scenarios: positive, neutral, or negative. Investors should carefully analyze the information and make informed investment decisions.