Hankyu Hanshin Holdings, Inc. is a Japanese multinational keiretsu holding company which owns Hankyu Corporation, the Hanshin Electric Railway Co., Ltd., Toho Co., Ltd., and affiliate companies. On October 1, 2006, Hankyu Holdings changed its name to the present corporate name following the merger with Hanshin Electric Railway. On the same day Hankyu Corporation Group was renamed Hankyu Hanshin Holdings Group, and the Hankyu Toho Group renamed Hankyu Hanshin Toho Group. The operations of the company are centered on 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 and Hankyu Railway. It also includes the smaller railway lines of Hokushin Kyūkō Electric Railway and Nose Electric Railway, as well as equity stakes in Kita-Osaka Kyūkō Railway, Sanyo Electric Railway, Osaka Monorail and Kobe Electric Railway. 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. Wikipedia