The TSE's review process for Toshiba's reinstatement is expected to take several months. If the application is approved, it would make it easier for the Japanese conglomerate to raise capital for future investments.
In
In February, the TSE began requiring Second Section companies to have proper financial statements for the past two years along with auditor opinions to make a request for listing on the First Section, shortening the period from five years.
To rebuild its operations, Toshiba has sold its semiconductor and consumer electronics businesses and focused on operations such as social infrastructure building. In the future, the company plans to actively invest in areas such as the Internet of Things.
But the TSE's review process for the company may be affected by a new accounting scandal that came to light in January at a Toshiba subsidiary engaged in the IT business.
==Kyodo
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