Hankyu Hanshin Holdings

(As of August 2009) In 2006, the activist Fund Privee Zurich Turnaround Group run by Kenzo Matsumara (which later assumed the name Privee Investment Holding, was then acquired by e-Revolution co. Ltd. and now renamed Privee Fund Group) took a major stake in Hankyu Holdings, hoping to boost efficiencies in the very diverse holdings of the Hankyu-Toho group. 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 2008 financial crisis resulted in Privee reducing its stake in the company in 2008. ==Listed companies in which Hankyu Hanshin Holdings directly holds a stake==

• Kobe Electric Railway, first section of the Osaka Securities Exchange, 9046 , 27.7% stake • Sanyo Electric Railway, first section of the Osaka Securities Exchange 9052 , 17.38% stake • OS Company, Ltd., second section of the Osaka Securities Exchange 9637 , 22% stake • H2O Retailing, first section of the Tokyo Stock Exchange and Osaka Securities Exchange 8242 , 21.8% stake • Tokyo Rakutenchi Company, Ltd., first section of the Tokyo Stock Exchange 8842 , 17.8% stake • Hankyu REIT, first section of the Tokyo Stock Exchange 8977 , 4.1% stake • Toho Co, Ltd., first section of the Tokyo Stock Exchange and Osaka Securities Exchange, Fukuoka Stock Exchange 9602, 20.15% stake ==Sports franchises==

Hankyu once owned a professional baseball team in Japan known as the Hankyu Braves. In 1988, the team was sold to Orient Leasing Co. (which changed its name to Orix in 1989) and the team name became the Orix BlueWave and later the Orix Buffaloes. The Hankyu Braves were sold by then-president of Hankyu, Kohei Kobayashi, to finance the redevelopment of Umeda Station and Nishinomiya-Kitaguchi Station. By acquiring Hanshin Electric Railway, Hankyu-Hanshin Holdings became the owner of the baseball team Hanshin Tigers. ==References==