It was formerly known as third-sector company Osaka Prefectural Urban Development Co., Ltd. (大阪府都市開発株式会社, Ōsaka-fu Toshi Kaihatsu Kabushiki Gaisha) until June 30, 2014.

The main purpose of the company that most are familiar with is the operation of the Semboku Rapid Railway in southern Osaka Prefecture.

The Osaka prefectural government, using an existing third sector company, stepped in to undertake the new railway's construction and operation.

In addition to this, the original business as a logistics distribution center management body is still in operation.

[3] On November 1, 2024, Ministry of Land, Infrastructure, Transport and Tourism (MLIT) approved the merger, effective April 1, 2025[4].