Toshiba Corp. is looking for about ¥500 billion in capital to turn itself around by rebuilding semiconductor and other ailing operations in need of massive investment, industry sources said Saturday.
The ailing electronics giant will work out the specifics of the fundraising methods later, but it is believed to be seeking ¥300 billion in a public stock offering, and another ¥200 billion by selling subordinated bonds to banks and other financial institutions by September, the sources said.
Toshiba is expecting a ¥350 billion group net loss for fiscal 2008 ended March 31.