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Add the prospect of being dumped from Japan’s best-stocks index to Toshiba Corp.’s woes.

The Tokyo-based manufacturer, mired in an accounting probe, is racing against the June 30 deadline when members of the JPX-Nikkei Index 400 will be reassessed. Toshiba risks losing its place on the government-backed measure if it fails to file earnings by then, said Shinkin Asset Management Co.

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