TOKYO — Toshiba Corporation president Satoshi Tsunakawa, a day after stepping into his new role, cautioned that the company is still recovering from a bruising accounting scandal and faces a lengthy turnaround process."We are not even at the halfway point yet," Tsunakawa said in Tokyo on Thursday. "We are still at the mountain’s foothills."The power-to-electronics conglomerate based in Japan revealed in 2015 its executives had padded profits for years. The scandal claimed the jobs of three presidents, led to record losses and forced it to shrink its empire.While managers at divisions from computers to power plants were found to have overstated profits, or delayed booking losses, the medical unit led by Tsunakawa for four years util 2014 was spared controversy.Tsunakawa now has to win back investor-confidence after a 51% plunge in share price last year. Shareholders this week approved his promotion from seniorvice-president, replacing Masashi Muromachi.Tsunakawa said his immediate go...
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