ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Toshiba looks for options to avoid a delisting.   © Reuters
Business

Toshiba's 'Plan B' hinges on finding willing investors

Scramble for capital would be aimed at avoiding a delisting

| Japan

TOKYO -- Toshiba is considering boosting its capital by 600 billion yen ($5.3 billion) to ensure its stock will not be delisted at the end of the current fiscal year, but raising such a large sum may not be easy given the company's dire condition.

The embattled Japanese conglomerate forecasts that it will end the current year through March at 750 billion yen in negative equity if nothing is done. This would result in a second consecutive year of liabilities in excess of assets, triggering a condition for delisting at the Tokyo Stock Exchange.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more