Hankyu Hanshin Holdings
Encyclopedia
Holding company
A holding company is a company or firm that owns other companies' outstanding stock. It usually refers to a company which does not produce goods or services itself; rather, its purpose is to own shares of other companies. Holding companies allow the reduction of risk for the owners and can allow...
which owns Hankyu Corporation
Hankyu Railway
is a Japanese private railway that provides commuter and interurban service to the northern Kansai region and is one of major businesses operated by Hankyu Hanshin Holdings, Inc. The railway's main terminal is at Umeda Station in Osaka...
, Hanshin Electric Railway Co., Ltd.
Hanshin Electric Railway
is a Japanese private railway company of Hankyu Hanshin Toho Group that links Osaka and Kobe. It also owns the Hanshin Tigers baseball team.The second character for Osaka and the first character for Kobe combine to form the company name, 阪神, which can be read Han-shin.IC cards are accepted when...
and affiliate companies.
On October 1, 2006, Hankyu Holdings changed its name to the present corporate name following the merger with Hanshin Electric Railway
Hanshin Electric Railway
is a Japanese private railway company of Hankyu Hanshin Toho Group that links Osaka and Kobe. It also owns the Hanshin Tigers baseball team.The second character for Osaka and the first character for Kobe combine to form the company name, 阪神, which can be read Han-shin.IC cards are accepted when...
. On the same day Hankyu Corporation Group was renamed Hankyu Hanshin Holdings Group, and the Hankyu Toho Group renamed Hankyu Hanshin Toho Group
Hankyu Hanshin Toho Group
is a Japanese keiretsu centered around Hankyu Hanshin Holdings, H2O Retailing and Toho. The keiretsu historically included Sanwa Bank, now part of Mitsubishi UFJ Financial Group, and is still closely linked to MUFG....
.
The operations of the company are centered around transportation, retailing, real estate, entertainment and media.
The transportation segment is the company's main cashflow generating business and comprises the railway companies Hanshin Electric Railway
Hanshin Electric Railway
is a Japanese private railway company of Hankyu Hanshin Toho Group that links Osaka and Kobe. It also owns the Hanshin Tigers baseball team.The second character for Osaka and the first character for Kobe combine to form the company name, 阪神, which can be read Han-shin.IC cards are accepted when...
(acquired in 2006) and Hankyu Railway
Hankyu Railway
is a Japanese private railway that provides commuter and interurban service to the northern Kansai region and is one of major businesses operated by Hankyu Hanshin Holdings, Inc. The railway's main terminal is at Umeda Station in Osaka...
. It also includes the smaller railway lines of Hokushin Kyūkō Electric Railway
Hokushin Kyuko Electric Railway
is a private railway company in Kobe, Japan. Its headquarters are in Kita-ku, Kobe. Investors in the company include Hankyu Railway and Kobe Electric Railway, and it is a subsidiary of Hankyu Hanshin Holdings.-Operation:...
and Nose Electric Railway, as well as equity stakes in Kita-Osaka Kyūkō Railway
Kita-Osaka Kyuko Railway
The is a railway operator of Osaka, Japan. The sole line named is actually an extension of the Midōsuji Line Osaka Municipal Subway. Kitakyū, as it is often abbreviated, also owns various commercial and residential properties along the line.-History:...
, Sanyo Electric Railway
Sanyo Electric Railway
Sanyo Electric Railway Co., Ltd. is a Japanese private railway in western Hyōgo Prefecture...
, Osaka Monorail and Kobe Electric Railway
Kobe Electric Railway
, often called Shintetsu , is a Japanese private railway company in Kobe and surrounding cities.-Lines:*Arima Line *Sanda Line *Kōen-Toshi Line *Ao Line...
. The company also owns various taxi and bus franchises.
Hankyu and Hanshin also both had air cargo and express freight subsidiaries, which were combined in the Hankyu Hanshin Express Holdings company.
The retailing business is mainly concentrated in the company's large shareholding of H2O Retailing
H2O Retailing
is a stock holding company which is a member company of Hankyu Hanshin Toho Group. This article covers about a subsidiary which owns 2 department store chains: Hankyu Department Store and Hanshin Department Store.-History:...
, the company formed via the merger of the Hankyu and Hanshin Department Store companies.
The company owns and operates many hotels, and is developing real estate projects mainly on land along its railway lines through its subsidiary Hankyu Realty, which was previously separately listed, but fully acquired through a stock swap in 2002. It has spun off some of its vast real estate holdings (such as the HEP Five
HEP Five
HEP Five is a major shopping mall and entertainment center in the Umeda commercial district of Kita-ku, Osaka.-Profile:HEP stands for "Hankyu Entertainment Park". The building is operated by Hankyu Hanshin Holdings's real estate investment trust subsidiary Hankyu REIT and co-owned by Hankyu REIT ...
building) into a REIT company, the Hankyu REIT.
The group has a controlling stake in Toho
Toho
is a Japanese film, theater production, and distribution company. It is headquartered in Yūrakuchō, Chiyoda, Tokyo, and is one of the core companies of the Hankyu Hanshin Toho Group...
, which next to its many media interests (movie development and distribution, as well as a large stake in Fuji Media Holdings
Fuji Television
is a Japanese television station based in Daiba, Minato, Tokyo, Japan, also known as or CX, based on the station's callsign "JOCX-DTV". It is the flagship station of the Fuji News Network and the ....
) has also large real estate interests. Other companies in the entertainement area include the Hanshin Tigers
Hanshin Tigers
The are a Nippon Professional Baseball team based in Koshien, Nishinomiya, Hyōgo Prefecture, Japan, and are in the Central League. Hanshin Electric Railway Co., Ltd., the subsidiary of Hankyu Hanshin Holdings Inc., owns the Hanshin Tigers directly...
and the Takarazuka Revue
Takarazuka Revue
The Takarazuka Revue is a Japanese all-female musical theater troupe based in Takarazuka, Hyōgo Prefecture, Japan. Women play all roles in lavish, Broadway-style productions of Western-style musicals, and sometimes stories adapted from shōjo manga and Japanese folktales. The troupe takes its name...
, and stakes in Kansai TV and FM Osaka
Fm osaka
is a radio station in Osaka, Japan. It is an affiliated station of Japan FM Network .- History of FM OSAKA :On April 1, 1970, FM OSAKA started broadcasting as the first private FM station in Nakanoshima, Osaka nationwide as the only FM radio station affiliated with Japan FM Network in the Kansai...
, as well as tourism operations (e.g. Hankyu Travel).
Major Shareholders
(As of August 2009)| Japan Trustee Services Bank Japan Trustee Services Bank , or JTSB, is a trust bank in Japan.-History:JTSB was established on June 20, 2000 by The Daiwa Bank, Ltd., and Sumitomo Trust & Banking Co., Ltd. and began operations on October 23, 2000.-Shareholders:*Resona Bank, Ltd. 33.33%... , various accounts |
11.06% |
| Nippon Life Insurance | 3.35 % |
| The Master Trust Bank of Japan The Master Trust Bank of Japan is a trust bank in Japan.-Shareholders:Mitsubishi UFJ Trust and Banking Corporation, Tokyo, 46.5%Nippon Life Insurance Co, Tokyo, 33.5%Meiji Yasuda Life Insurance Co, Tokyo, 10%Nochu Trust and Banking, 10%-History:... |
3.00 % |
| Sumitomo Mitsui Banking Corporation Sumitomo Mitsui Banking Corporation is a Japanese bank based in Yurakucho, Chiyoda, Tokyo, Japan. It is a member of the Sumitomo Group and Mitsui Group. As of the year 2009, SMBC was the second largest bank in Japan in terms of assets.-History:... |
2.43 % |
| H2O Retailing H2O Retailing is a stock holding company which is a member company of Hankyu Hanshin Toho Group. This article covers about a subsidiary which owns 2 department store chains: Hankyu Department Store and Hanshin Department Store.-History:... |
1.60 % |
| Mitsubishi UFJ | 0.88 % |
| Takenaka Corporation Takenaka Corporation is the biggest architecture, engineering, and construction firm in Japan. Its headquarters is in Chūō-ku, Osaka, Osaka Prefecture.The company's website also claims it to be the oldest firm of that type anywhere in the world, since the demise of Kongō Gumi which was substantially older... |
0.73 % |
In 2006, the activist Fund Privee Zurich Turnaround Group run by Kenzo Matsumara (which later assumed the name Privee Investment Holding, was then acquired by e-Revolution co. Ltd. and now renamed Privee Fund Group) took a major stake in Hankyu Holdings, hoping to boost efficiencies in the very diverse holdings of the Hankyu-Toho group. However, the takeover of Hanshin Electric Railway
Hanshin Electric Railway
is a Japanese private railway company of Hankyu Hanshin Toho Group that links Osaka and Kobe. It also owns the Hanshin Tigers baseball team.The second character for Osaka and the first character for Kobe combine to form the company name, 阪神, which can be read Han-shin.IC cards are accepted when...
by Hankyu in the wake of the affair surrounding Fund Manager Yoshiaki Murakami
Yoshiaki Murakami
is a Japanese investor known for highly publicized corporate raid. He was the founder and the former president of M&A Consulting, Inc., usually known as the "Murakami fund"....
and the establishment by Hankyu management of anti-takeover measures, as well as the global financial crisis resulted in Privee reducing its stake in the company in 2008.
Listed Companies in which Hankyu Hanshin Holdings directly holds a stake
- Kobe Electric Railway, first section of the Osaka Securities Exchange, 9046, 27.7% stake
- Sanyo Electric Railway, first section of the Osaka Securities Exchange 9052, 17.38% stake
- OS Company, Ltd., second section of the Osaka Securities Exchange 9637, 22% stake
- H2O Retailing, first section of the Tokyo Stock Exchange and Osaka Securities Exchange 8242, 21.8% stake
- Tokyo Rakutenchi Company, Ltd., first section of the Tokyo Stock Exchange 8842, 17.8% stake
- Hankyu REIT, first section of the Tokyo Stock Exchange 8977, 4.1% stake
- Toho Co, Ltd., first section of the Tokyo Stock Exchange and Osaka Securities Exchange, Fukuoka Stock Exchange 9602, 20.15% stake
Sports Franchises
Hankyu once owned of a professional baseball team in Japan, known as the Hankyu Braves. In 1988, the team was sold to Orient Leasing Co. (which changed its name to OrixORIX
is a financial services group established 17 April 1964 as Orient Leasing Co., Ltd.. The company's name was changed to ORIX Corporation in 1989...
in 1989) and the team name became the Orix BlueWave and later the Orix Buffaloes
Orix Buffaloes
The are a Nippon Professional Baseball team based in Osaka and Kobe, Japan. They play in the Pacific League. The team is owned by the Orix Group, a leading diversified financial services company based in Tokyo....
. The Hankyu Braves were sold by then-president of Hankyu, Kohei Kobayashi, to finance the redevelopment of Umeda Station
Umeda Station
is a railway station located in Kita-ku in the northern commercial center of Osaka, Japan. It is the busiest station in Western Japan, serving 2,343,727 passengers daily in 2005.Umeda Station is served by the following railways:...
and Nishinomiya-Kitaguchi Station
Nishinomiya-Kitaguchi Station
is a railway station of Hankyu Railway in Nishinomiya, Hyōgo Prefecture, Japan.It is one of the main stations in Nishinomiya City, with Hanshin Nishinomiya Station and JR Nishinomiya Station.-Lines:*Hankyu Kobe Line*Hankyu Imazu Line...
. By acquiring Hanshin Electric Railway, Hankyu-Hanshin Holdings became the owner of the baseball team Hanshin Tigers
Hanshin Tigers
The are a Nippon Professional Baseball team based in Koshien, Nishinomiya, Hyōgo Prefecture, Japan, and are in the Central League. Hanshin Electric Railway Co., Ltd., the subsidiary of Hankyu Hanshin Holdings Inc., owns the Hanshin Tigers directly...
.