Listing Standards: Toshiba and Semiconductor Unit

listing standards: Its shares will be delisted automatically unless it eliminates its negative net worth by next March. ; The company is likely to face an uphill battle to remain listed, given delays to its plan to overcome its negative balance sheet by selling the company's profitable semiconductor unit, according to The Japan Times. The demotion of Toshiba follows a similar downgrading for fellow electronics giant Sharp Corp. last year. Toshiba failed to meet the bourse's listing standards because the conglomerate incurred a negative net worth due to huge losses from its U.S. nuclear business. At the TSE on Monday, Toshiba's last trading day on the first section, it ended at 246.00, up 6.80, or 2.8 percent, from Friday on speculative buying aimed at obtaining short-term profits. Toshiba's share price once topped 1,000 per share but tumbled in 2015 due to an accounting scandal. During the bubble economy from the late 1980s to the early 1990s, Toshiba was a major first section issue, ranking among the top 10 stocks in terms of market capitalization excluding financial shares. (news.financializer.com). As reported in the news.