Earlier this week, the company chose a Japan-U.S.
Based on the rules of the Tokyo Stock Exchange, Toshiba shares are expected to be demoted to the bourse's Second Section as of August 1.
Tokyo-based Toshiba, whose USA nuclear unit Westinghouse Electric Co. filed for bankruptcy protection in March, said Friday it received an extension of an earlier June deadline to give its earnings report for the fiscal year that ended in March.
This week, Toshiba announced it will hold exclusive talks with a consortium of US, South Korean and state-backed Japanese investors to sell its prized memory chip business, as the firm scrambles to raise cash.
In a bid to revive its financial standing, Toshiba has put its profitable Toshiba Memory Corp. chip unit up for sale.
Terrorist attack at Brussels train station carried out by Moroccan native
As the attacker screamed " Allahu Akbar ", or "God is great", in Arabic, a soldier shot the suspect several times, killing him. He also said that the man had planned to blow up a large bomb but that, in the end, there had been only a small explosion.
The sale of the memory chip business, seen as key for cash-strapped Toshiba's turnaround, still faces hurdles as USA chip factory partner Western Digital tries to block the sale with a court injunction.
Toshiba has accused Western Digital of interfering with its sales efforts.
Last month, it had projected a 950 billion yen ($8.6 billion) loss for the fiscal year that ended in March. "Toshiba recognizes that it will not have the lead time required to prepare and provide the business report" for the ordinary shareholders meeting, Toshiba said in a statement at the time.
Reactors that Westinghouse is building in the USA are still unfinished, partly because of beefed-up safety regulations following the 2011 Fukushima nuclear disaster. The company was found to have inflated the previous seven years' profits by $1.2bn.
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