Doosan stock falls 3.11 percent after 12.18 percent share cancellation

Published on 10/04/2026 at 16:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Doosan stock was last at KRW 1,341,000 on October 2, while second-quarter revenue reached KRW 5,557.2 billion. Electronics expansion runs through 2028.

Doosan, KR7000150003, Illustration mit AI erstellt.

Doosan stock (ISIN KR7000150003) was last at KRW 1,341,000 on the Korea Exchange on October 2, 2026, down 3.11 percent from the previous session. The move followed a major shareholder-return step and a KRW 968.4 billion expansion plan for the company's Electronics Business Group, according to Financial News on September 21, 2026.

12.18 percent of shares canceled

Doosan scheduled the cancellation of 2,568,528 treasury shares for October 2, excluding 632,500 shares reserved for employee compensation. The canceled block represents 12.18 percent of outstanding shares and would reduce issued shares from 21,083,335 to 18,514,807, Financial News reported.

The same report said Daishin Securities maintained a Buy rating and a KRW 1.84 million price target. That target stands 37.2 percent above the October 2 last price, while the cancellation is expected to lift estimated 2026 EPS to KRW 38,360 and 2027 EPS to KRW 55,005.

Electronics investment sets the next test

The expansion plan allocates KRW 421 billion to domestic facilities and KRW 547.4 billion to overseas subsidiaries, with the investment period running through December 2028. Production capacity is expected to nearly double after completion, with demand tied to 800G optical modules for artificial intelligence data centers, according to Asia Business Daily.

The Electronics Business Group accounts for 12.2 percent of consolidated sales but 43.2 percent of operating profit, making its margin profile important for the holding company. Asia Business Daily said the unit's operating margin remains near 30 percent, while new capacity is intended to support higher demand from AI accelerator customers.

Second-quarter profit improved sharply

Doosan reported second-quarter 2026 consolidated revenue of KRW 5,557.2 billion and operating profit of KRW 489.9 billion, compared with KRW 357.8 billion in operating profit a year earlier. Net income attributable to owners reached KRW 355.1 billion, according to KOSAI.

The figures give Doosan two distinct earnings levers: direct profit from high-margin electronic materials and the value of its subsidiary holdings. The counterweight is timing, because the new facilities are scheduled to contribute from 2028, leaving near-term performance dependent on existing Electronics BG demand and the broader group portfolio.

Doosan stock stays below its yearly high

Doosan stock was last at KRW 1,341,000 on October 2, 2026, with an intraday range of KRW 1,286,000 to KRW 1,384,000 and volume of 152,860 shares. Its 52-week range was KRW 567,000 to KRW 2,489,000, while market capitalization stood at KRW 24.0 trillion on the same date.