Hankyu Hanshin Holdings, Inc. is a stockholding company which owns Hankyu Corporation, Hanshin Electric Railway 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. The retailing business is mainly concentrated in the company's large shareholding of H2O Retailing, 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 into a REIT company, the Hankyu REIT. The group has a controlling stake in Toho, which next to its many media interests has also large real estate interests. Other companies in the entertainment area include the Hanshin Tigers and the Takarazuka Revue, and stakes in Kansai TV and FM Osaka, as well as tourism operations .
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