A delay could trigger its delisting from the Tokyo Stock Exchange.
On Tuesday, Toshiba Corp’s Chief Executive disclosed that the conglomerate is looking at various scenarios, including its inability to complete the $18 billion sale of its prized NAND memory chip business by the end of March 2018.
The sale of its memory chip business to Bain Capital led investors will need to be cleared by Japan’s antitrust watchdog by the end of 2017-2018, or else Toshiba will have to once again report a negative net worth, for a second year in a row.
In that eventuality, it could be automatically delisted from the Tokyo Stock Exchange.
“We must think about various measures in accordance with changes in circumstances,” said Satoshi Tsunakawa, Toshiba’s CEO at an extraordinary general meeting.
“Nothing has been decided, but it’s true that we are considering potential measures.”