Toshiba Corp. says it has received eight offers to buy out the conglomerate and two proposals for capital and business alliances, as the industrial giant moves a step closer to becoming privately owned.

The Tokyo-based company revealed the number of nonbinding bids received in a statement Thursday, without disclosing the bidders. It will evaluate them and choose one or more to pursue as soon as possible after the annual shareholder meeting scheduled for June 28.

"We have received multiple proposals from investors and potential sponsors,” said Taro Shimada, Toshiba’s president and chief executive officer, at a briefing. It "makes us feel confident that they believe in our growth ahead.”

Toshiba said last month it signed confidentiality agreements with 10 potential investors as part of its process to solicit proposals on becoming privately held, and strategic alternatives. The firm has been looking at other options after shareholders voted down a plan put forward by management to split into two.

Last week Toshiba nominated an M&A veteran to chair its board, and picked two executives from its activist shareholders for its slate of director candidates, which will be voted on at the AGM and will then decide on the buyout offers. Former Chief Executive Officer Satoshi Tsunakawa, who had opposed going private, will step down from the board.

Private equity investors including CVC Capital Partners, Blackstone Inc. and Bain Capital were considering making bids, Bloomberg News has reported. State-backed investment fund Japan Investment Corp. was also mulling an offer, according to a report last month.

Toshiba will provide selected bidders with the opportunity to do due diligence in July and after, and will ask them to submit legally binding proposals, it said in the statement.

Toshiba has been locked in a conflict with its shareholders over the future of the conglomerate, which operates businesses ranging from semiconductors and quantum computing to nuclear power plants. Activist investors have been calling for the company to go private, a path that Toshiba's management had been resisting before its proposal to split in two was voted down. Analysts have said the nuclear business, which is deemed important to Japan’s national security, is a major obstacle to any move to make Toshiba privately owned.

A buyout of Toshiba, which has a market value of close to $20 billion (¥2.6 trillion), could be private equity’s biggest ever deal in the country.

Separately the same day, Toshiba announced its management policy for the group, including targets of net sales of ¥5 trillion ($38.5 billion) and ¥600 billion in operating income in fiscal 2030.

The company reported operating income of ¥159 billion in the fiscal year ended March on revenue of ¥3.34 trillion.