0535 GMT May 26, 2022
The engineering giant was once a symbol of the country's industrial prowess, producing everything from rice cookers to laptops and nuclear plants, AFP reported.
But more recently it has faced scandals, financial woes and resignations, while management and shareholders have clashed over buyout and spin-off proposals.
Despite the challenges, its earnings are growing, and on Friday Toshiba said annual net profit leapt 70 percent on-year, continuing a recovery from the painful lows of the 2010s.
Shareholders in March shunned a plan to split the company into two, stirring internal turmoil after a shock takeover offer from private equity fund CVC Capital Partners was dropped.
Toshiba said Friday it has been holding confidential, non-binding discussions with 10 "potential partners" who want to suggest "strategic alternatives" for its future.
That could include privatisation "to enhance the company's corporate value", the company said in a statement.
Any move by a foreign equity fund to take Toshiba private would likely face regulatory hurdles, because the company handles sensitive sectors such as nuclear power generation and defence equipment.
Annual net profit in the year to March jumped 70.8 percent to 194.7 billion yen ($1.5b) on "increased sales in all business segments, and increased operating income mainly from semiconductors and energy", Toshiba said.