Toshiba <6502.T> is set to propose an equity tie-up with scandal-hit camera and medical equipment maker Olympus Corp <7733.T>, an industry newspaper said on Monday.

A maker of everything from nuclear power plants to rice cookers, Toshiba joins a long list of companies including Sony Corp <6758.T> and Fujifilm <4901.T> believed to be interested in an alliance with Olympus, whose endoscope business is highly profitable.

Toshiba is expected to submit a business plan to Olympus's financial advisers, the Nikkan Kogyo newspaper said.

(Reporting by Isabel Reynolds; Editing by Joseph Radford)