Hankyu Department Store (阪急百貨店, Hankyū Hyakkaten) is a Japanese department store chain owned by Hankyu Hanshin Department Stores, Incorporated (株式会社阪急阪神百貨店, Kabushiki-gaisha Hankyū Hanshin Hyakkaten), a subsidiary of H2O Retailing Corporation.

Its initial subsidiaries were Hankyu Jaya Shopping Centre Sdn Bhd, Hankyu Jaya Shopping Centre (Kedah) Sdn Bhd; Hankyu Jaya Holdings later added two new subsidiaries – Hankyu Jaya Ampang Park and Hankyu Jaya Shopping Centre (Kelantan) Sdn Bhd – in July 1986.

[1] Locally owned company, Mun Loong Berhad, acquired 49% stakes of Hankyu Jaya Shopping Centre and Hankyu Jaya Ampang Park[2] in 1989.

[3] Due to Hankyu Jaya's low-margin operations, Mun Loong received only 20% profit.

[3] Meanwhile, Mun Loong planned to open two new Hankyu Jaya outlets by the end of 1990; one of them located in the Klang Valley, and renovate its existing stores to meet demands and changing tastes of consumers.