FILA Holdings Corp. will repurchase 50 billion won ($38 million) of its shares and pay a special dividend, expanding its shareholder returns amid solid performance from its golf equipment unit.
The latest buyback brings the South Korean sportswear maker’s total share repurchases this year to 100 billion won. The company has already completed 99.9% of its March buyback plan and retired all 656,383 treasury shares.
FILA will distribute a special dividend of 340 won per share, marking its third consecutive year of extra payouts. In 2023, total dividend payments reached 65.51 billion won, including a 20.43 billion won special dividend.
The company’s third-quarter revenue rose 6% to 1.50 trillion won, while operating profit edged up 0.9% to 93.37 billion won. Its Acushnet golf subsidiary saw sales climb 8.4% to 844.11 billion won, driven by strong US golf market conditions and new Titleist club launches.
Chief Financial Officer Ho Yeon Lee said robust cash flow from top units like Acushnet and Full Prospect enabled the expanded shareholder returns. The stock is now part of the Korea Value-Up Index, reflecting market recognition of its investor-friendly policies.
