Toshiba Says 3D Drops Part of Proposal on Articles of Incorporation

Pedestrians walk past a logo of Toshiba Corp. outside an electronics retailer in Tokyo, on Sept. 14, 2015. (Toru Hanai/Reuters)

TOKYO—Japan’s Toshiba Corp. said on Tuesday that a major shareholder, 3D Investment Partners, had withdrawn part of its shareholder proposal.

Last week, Toshiba said it planned an extraordinary general meeting of shareholders for March 24 to seek initial approval to hive off its devices business.