On October 1, 2006, Hankyu Holdings changed its name to the present corporate name following the merger with Hanshin Electric Railway.

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.

[1] It has spun off some of its vast real estate holdings (such as the HEP Five building) into a REIT company, Hankyu Hanshin Properties.

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 (e.g. Hankyu Travel).

[3] However, the takeover of Hanshin Electric Railway by Hankyu in the wake of the affair surrounding Fund Manager Yoshiaki Murakami 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.