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The buyout would keep Toshiba in an alliance with Japanese partners. Japan Industrial Partners, set up in 2002 to restructure Japanese companies, has also invested in other Japanese brands like Sony, Hitachi and Olympus.

Toshiba, a major manufacturer in Japan’s nuclear industry, was hit by the March 2011 tsunami that sent three reactors into meltdowns at Fukushima in northeastern Japan.

Toshiba is involved in the decommissioning effort at Fukushima Dai-ichi, which is expected to take decades. Its U.S. nuclear arm Westinghouse filed for bankruptcy in 2017 after years of deep losses as safety costs soared.


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