9042
Hankyu Hanshin Holdings,Inc.
阪急阪神ホールディングス株式会社
Land Transportation
Hankyu Hanshin Holdings, Inc. operates in the urban transportation, real estate, entertainment, information and communication technology, travel, and international transportation businesses in Japan and internationally. The company offers various urban transportation services, such as railways, buses, and taxis; advertising services; and retailing services. It also involved in the development, lease, and administration of commercial facilities and office buildings; ownership and management of hotels. In addition, the company engages in the operation of sports businesses, including HANSHIN Tigers, a professional baseball team; Hanshin Koshien stadium; Takarazuka Revue, a theatrical company; Umeda Arts Theater; Billboard, a music brand; and Mt. Rokko, a view spot that provides a range of leisure facilities, including ski slopes, an alpine botanical garden, an observatory, and a museum, as well as the exhibition event platform Rokko Meets Art, which combines the nature and scenery of Mt. Rokko with modern art. Further, the company involved in the provision of information and communications technology services, such as e-commerce and website production, systems development, solutions related to the medical field, and contract services in the development of software; information infrastructure, and optical and wireless high-speed internet services; and wireless IC tags for children, as well as operates ProgLab, a robot-programming classes for children. Additionally, it provides the provision of travel services; and international transportation services, which include logistics solutions, airfreight transport, and maritime cargo transport services. Hankyu Hanshin Holdings, Inc. was incorporated in 1907 and is headquartered in Kita, Japan.
Price
¥4,683
Market Cap
¥1.1T
Ent. Value
¥2.3T
Net Debt
−¥1.2T
Shares Out.
240.3M
P / E
16.6×
EV / EBIT
20.8×
P / Book
1.08×
P / NCAV
N/M
Div. Yield
1.28%
Financials
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥3,283.5B | ¥3,052.9B | ¥2,865.4B | ¥2,722.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥618.1B | ¥513.4B | ¥428.1B | ¥365.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥61.1B | ¥59.6B | ¥42.9B | ¥31.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥2,665.3B | ¥2,539.6B | ¥2,437.3B | ¥2,357.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| PP&E | ¥2,068.9B | ¥2,009.2B | ¥1,981.0B | ¥1,923.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Goodwill | — | — | ¥7.3B | ¥9.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Intangible Assets | ¥43.2B | ¥36.3B | ¥35.5B | ¥37.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Investment Securities | ¥456.7B | ¥404.3B | ¥342.7B | ¥316.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | ¥6.4B | ¥7.5B | ¥7.3B | ¥7.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥2,151.0B | ¥1,983.1B | ¥1,884.5B | ¥1,807.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥536.0B | ¥507.0B | ¥499.7B | ¥426.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | ¥48.5B | ¥43.2B | ¥42.0B | ¥40.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥169.4B | ¥189.9B | ¥188.0B | ¥145.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Taxes Payable | ¥20.3B | ¥15.3B | ¥10.0B | ¥6.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥1,615.0B | ¥1,476.1B | ¥1,384.8B | ¥1,380.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥1,069.0B | ¥955.8B | ¥864.6B | ¥879.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | ¥57.7B | ¥61.7B | ¥61.9B | ¥62.8B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Liab. | ¥184.1B | ¥181.8B | ¥181.8B | ¥176.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥1,132.5B | ¥1,069.9B | ¥980.9B | ¥915.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | ¥99.5B | ¥99.5B | ¥99.5B | ¥99.5B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | ¥147.1B | ¥147.3B | ¥147.3B | ¥147.4B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥782.7B | ¥734.9B | ¥680.0B | ¥645.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | ¥-53.7B | ¥-51.9B | ¥-48.7B | ¥-48.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | ¥60.3B | ¥48.5B | ¥28.7B | ¥27.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥975.6B | ¥929.8B | ¥878.1B | ¥843.3B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | ¥96.6B | ¥91.6B | ¥74.1B | ¥45.0B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥1,238.4B | ¥1,145.6B | ¥1,052.6B | ¥1,025.2B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-1,177.3B | ¥-1,086.0B | ¥-1,009.7B | ¥-993.9B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-1,532.9B | ¥-1,469.7B | ¥-1,456.4B | ¥-1,441.7B | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | ¥-6,378 | ¥-6,072 | ¥-6,006 | ¥-5,945 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | ¥4,059 | ¥3,842 | ¥3,621 | ¥3,478 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| Operating CF | ¥87.4B | ¥123.5B | ¥132.1B | ¥81.8B |
| Taxes Paid | ¥-19.4B | ¥-19.8B | ¥-18.0B | ¥6.9B |
| Interest Paid | ¥-11.7B | ¥-10.3B | ¥-8.6B | ¥-8.6B |
| Interest Received | ¥7.1B | ¥5.8B | ¥3.8B | ¥3.1B |
| D&A | ¥64.5B | ¥62.6B | ¥62.2B | ¥59.9B |
| Goodwill Amort. | ¥2.6B | ¥2.3B | ¥2.3B | ¥2.4B |
| Investing CF | ¥-167.6B | ¥-141.3B | ¥-113.2B | ¥-96.4B |
| Purchase Investments | ¥-67.1B | ¥-33.1B | ¥-21.7B | ¥-5.1B |
| Proceeds from Invest. | ¥11.0B | ¥394M | ¥4.7B | ¥9.2B |
| Financing CF | ¥79.5B | ¥28.5B | ¥-9.0B | ¥15.1B |
| Dividends Paid | ¥-14.5B | ¥-12.1B | ¥-12.1B | ¥-12.1B |
| Share Buybacks | ¥-7.2B | ¥-3.5B | ¥-53M | ¥-47M |
| LT Debt Repaid | ¥-88.2B | ¥-91.4B | ¥-54.3B | ¥-45.0B |
| Free Cash Flow | ¥87.4B | ¥123.5B | ¥132.1B | ¥81.8B |
| Net Change in Cash | ¥934M | ¥11.9B | ¥11.8B | ¥2.0B |
| Metric |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|
| ROE | 6.7% | 7.2% | 5.3% | 2.5% |
| ROA | 2.1% | 2.3% | 1.7% | 0.8% |
| EPS | ¥281.77 | ¥281.84 | ¥194.88 | ¥88.89 |
| DPS | ¥60.00 | ¥55.00 | ¥50.00 | ¥50.00 |
| BPS | ¥4,340.23 | ¥4,072.57 | ¥3,764.17 | ¥3,612.17 |
| FCF/Share | ¥364 | ¥510 | ¥545 | ¥338 |
| NCAV/Share | ¥-6,378 | ¥-6,072 | ¥-6,006 | ¥-5,945 |
| Payout Ratio | 21.3% | 19.5% | 25.7% | 56.2% |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 5
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-15
15:00
|
Buyback | ¥30.0B 3.1% | Hankyu Hanshin Holdings,Inc. resolved to conduct a share buyback program of up to 750 million shares (3.14% of outstandi… | |
|
Summary
Hankyu Hanshin Holdings,Inc. resolved to conduct a share buyback program of up to 750 million shares (3.14% of outstanding shares) with a maximum budget of ¥30 billion between May 18, 2026 and October 29, 2026. The company simultaneously revised its shareholder return policy to target a 50% total payout ratio over FY2025-2030 with a minimum annual dividend of ¥100 per share, emphasizing balanced growth investment and capital efficiency improvements.
Deadline: 2026-10-29
% of Shares: 3.1%
Shares: 7,500,000
Source (JP)
取得し得る株式の総数 750万株(上限)(発行済株式総数(自己株式を除く)に対する割合3.14%)株式の取得価額の総額 300億円(上限)取得期間 2026年5月18日~2026年10月29日
株主還元方針の変更及び自己株式取得に係る事項の決定に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
|
37,707 | 15.69% |
| 2 |
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
|
10,118 | 4.21% |
| 3 |
State Street Bank and Trust Company
STATE STREET BANK WEST CLIENT - TREATY 505234 (常任代理人 株式会社みずほ銀行決済営業部)
|
5,707 | 2.37% |
| 4 | 日本生命保険相互会社 (常任代理人 日本マスタートラスト信託銀行株式会社) | 4,810 | 2.00% |
| 5 | エイチ・ツー・オー リテイリング株式会社 | 4,207 | 1.75% |
| 6 |
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行決済営業部)
|
3,109 | 1.29% |
| 7 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001 (常任代理人 株式会社みずほ銀行決済営業部)
|
2,899 | 1.21% |
| 8 | JPモルガン証券株式会社 | 2,881 | 1.20% |
| 9 | 株式会社竹中工務店 | 1,858 | 0.77% |
| 10 |
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505103 (常任代理人 株式会社みずほ銀行決済営業部)
|
1,847 | 0.77% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
19.9%
+0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.6%
+0.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
5.7%
-0.2% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 31.3% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| 日本マスタートラスト信託銀行 | 15.29% | 14.73% | 15.69% +0.96% | |
| State Street | 3.62% | 3.98% | 4.35% +0.37% | |
| 日本カストディ銀行 | 6.34% | 4.63% | 4.21% -0.42% | |
| 日本生命保険 | 2.15% | 2.16% | 2.00% -0.16% | |
| エイチ・ツー・オー リテイリング | 1.74% | 1.74% | 1.75% +0.01% | |
| JP Morgan | 1.20% | 1.25% | 1.29% +0.04% | |
| JPモルガン証券 NEW ENTRY | — | — | — | 1.20% NEW |
| 式会社竹中工務店 NEW ENTRY | — | — | — | 0.77% NEW |
| GOVERNMENT OF NORWAY last seen 2024 | Exited Top 10 | — | 1.15% | — |
| 三井住友銀行 last seen 2024 | Exited Top 10 | 0.90% | 0.90% | — |
| Concentration (HHI) ⓘ | 297 | 266 | 294 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥18,800M
+57% since 2023
Holdings
11
+1 new
1 exited
Trend
1 building
vs 2023
| Held Company | FY2025 ¥18,800M total | FY2023 ¥12,006M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Sumitomo Mitsui Financial Group, Inc.
㈱三井住友フィナンシャルグループ
|
6,688 |
+200.0%
↑
1,762,434
|
3,112 | 587,478 | M |
|
Mitsubishi UFJ Financial Group, Inc.
㈱三菱UFJフィナンシャル・グループ
|
4,431 |
2,203,551
|
1,868 | 2,203,551 | M |
|
DAIKIN INDUSTRIES, LTD.
ダイキン工業㈱
|
2,630 |
163,000
|
3,855 | 163,000 | M |
|
Sumitomo Mitsui Trust Group, Inc.
三井住友トラストグループ㈱
|
2,067 |
NEW
New
555,658
|
— | M | |
|
SEINO HOLDINGS CO.,LTD.
セイノーホールディングス㈱
|
1,803 |
782,200
|
1,142 | 782,200 | M |
|
Senshu Ikeda Holdings,Inc.
㈱池田泉州ホールディングス
|
525 |
1,206,937
|
280 | 1,206,937 | M |
|
Tokyo Kaikan Co.,Ltd.
㈱東京會舘
|
393 |
100,100
|
339 | 100,100 | M |
|
Mizuho Financial Group, Inc.
㈱みずほフィナンシャルグループ
|
198 |
49,038
|
92 | 49,038 | M |
|
Sanyo Electric Railway Co.,Ltd.
山陽電気鉄道㈱
|
40 |
20,131
|
45 | 20,131 | M |
|
Resona Holdings, Inc.
㈱りそなホールディングス
|
25 |
19,683
|
12 | 19,683 | M |
|
Sumitomo Realty & Development Co.,Ltd.
住友不動産㈱
|
— | — | M | ||
| 三井住友トラスト・ホールディングス㈱ | — |
−100%
Exit
—
|
1,261 | 277,829 | M |
| Portfolio total | 18,800 | 12,006 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding