Toshiba is publicly seeking strategic proposals and restructuring plans, including going private after a buyout.

Among those bidders selected for a second bidding round, Japan Industrial Partners (JIP), the domestic equity firm, has contacted more than 10 companies including Chubu Electric and Orix to participate in the plan and make a bid as an alliance of Japanese companies, the Nikkei reported, without citing sources.

(Reporting by Mariko Katsumura; Editing by Alex Richardson)