Rohm Shares Slump as Outlook Signals 2H Loss on Gold Prices, Weaker Demand

Rohm Co. shares plunged after it projected a second-half loss as surging gold prices and seasonal demand weakness squeeze earnings.

Shares of the Kyoto-based chipmaker tumbled 12% in Tokyo on Friday after it forecast full-year operating profit of ¥5 billion ($32.5 million), less than half the average analyst estimate. The guidance, released after markets closed Thursday, implies a loss in the second half given first-half profit of ¥7.65 billion.