Hankyu, Hanshin department stores to integrate under holding firm

Hankyu, Hanshin department stores to integrate under holding firm

OSAKA, Japan - Hankyu Hanshin Holdings Inc. President Kazuo Sumi (L), accompanied by his aide Shiunya Sakai, speaks at a press conference at an Osaka hotel on March 26. He said that Hankyu Department Stores Inc. and Hanshin Department Stores Ltd. will integrate operations on Oct. 1 under a holding firm to be formed from what is now Hankyu Department Stores.

Hankyu Hanshin Holdings set up

Hankyu Hanshin Holdings set up

OSAKA, Japan - Hankyu Holdings Inc. and Hanshin Electric Railway Co. merged into Hankyu Hanshin Holdings Inc. on Oct. 1, creating Japan's third-largest railway operator excluding the nationwide Japan Railway group. The new holding company President Kazuo Sumi (L) and Representative Director Shinya Sakai (R) attended a management integration committee meeting in Osaka the same day.

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., and Shinya Sakai, managing director and president-designate of Hanshin Electric Railway Co, shake hands after a joint news conference in Osaka on June 20.

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., speaks at a news conference in Osaka on June 20 about the company's public tender offer for Hanshin Electric Railway Co. At right is Shinya Sakai, managing director and president-designate of Hanshin Electric Railway.

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., and Shinya Sakai, managing director and president-designate of Hanshin Electric Railway Co, shake hands after a joint news conference in Osaka on June 20.

Hankyu, Hanshin to consider merger of department store chains

Hankyu, Hanshin to consider merger of department store chains

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi speaks in an interview with Kyodo News in an interview with Kyodo News and other media organizations in Osaka on June 8. Sumi said his firm and Hanshin Electric Railway Co. may consider a merger between their department store chains as part of their planned management integration in October.

Hankyu not to change tender offer for Hanshin shares

Hankyu not to change tender offer for Hanshin shares

TOKYO, Japan - Kazuo Sumi, president of Hankyu Holdings Inc., is surrounded by reporters at a hotel in Tokyo on June 2. He said, ''Hankyu Holdings has no plan to change the price of 930 yen per share or extend the 21-day period for the tender offer that started Tuesday.''

Hankyu to launch tender offer for Hanshin shares

Hankyu to launch tender offer for Hanshin shares

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi (L) and Hanshin Electric Railway Co. President Kyoji Nishikawa (R) shake hands in Osaka on May 29. Hankyu Holdings said the same day it will launch a public tender offer May 30 for shares of Hanshin Electric, though it has yet to agree on the purchase price with Hanshin's largest shareholder, the Murakami Fund.

Hankyu hopes to resolve talks with Murakami Fund by mid-May

Hankyu hopes to resolve talks with Murakami Fund by mid-May

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi speaks in an interview with Kyodo News in Osaka on May 8. He said Hankyu will seek to settle stalled negotiations over the purchase of the so-called Murakami Fund's stake in Hanshin Electric Railway Co. by the middle of May.

Hankyu hopes to resolve talks with Murakami Fund by mid-May

Hankyu hopes to resolve talks with Murakami Fund by mid-May

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi speaks in an interview with Kyodo News in Osaka on May 8. He said Hankyu will seek to settle stalled negotiations over the purchase of the so-called Murakami Fund's stake in Hanshin Electric Railway Co. by the middle of May. (Kyodo)

Hankyu to launch tender offer for Hanshin shares

Hankyu to launch tender offer for Hanshin shares

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi (L) and Hanshin Electric Railway Co. President Kyoji Nishikawa (R) shake hands in Osaka on May 29. Hankyu Holdings said the same day it will launch a public tender offer May 30 for shares of Hanshin Electric, though it has yet to agree on the purchase price with Hanshin's largest shareholder, the Murakami Fund. (Kyodo)

Hankyu not to change tender offer for Hanshin shares

Hankyu not to change tender offer for Hanshin shares

TOKYO, Japan - Kazuo Sumi, president of Hankyu Holdings Inc., is surrounded by reporters at a hotel in Tokyo on June 2. He said, ''Hankyu Holdings has no plan to change the price of 930 yen per share or extend the 21-day period for the tender offer that started Tuesday.'' (Kyodo)

Hankyu, Hanshin to consider merger of department store chains

Hankyu, Hanshin to consider merger of department store chains

OSAKA, Japan - Hankyu Holdings Inc. President Kazuo Sumi speaks in an interview with Kyodo News in an interview with Kyodo News and other media organizations in Osaka on June 8. Sumi said his firm and Hanshin Electric Railway Co. may consider a merger between their department store chains as part of their planned management integration in October. (Kyodo)

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., and Shinya Sakai, managing director and president-designate of Hanshin Electric Railway Co, shake hands after a joint news conference in Osaka on June 20. (Kyodo)

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., and Shinya Sakai, managing director and president-designate of Hanshin Electric Railway Co, shake hands after a joint news conference in Osaka on June 20. (Kyodo)

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

Hankyu to acquire 64% stake in Hanshin for 250 bil. yen

OSAKA, Japan - Kazuo Sumi (L), president of Hankyu Holdings Inc., speaks at a news conference in Osaka on June 20 about the company's public tender offer for Hanshin Electric Railway Co. At right is Shinya Sakai, managing director and president-designate of Hanshin Electric Railway. (Kyodo)

Hankyu Hanshin Holdings set up

Hankyu Hanshin Holdings set up

OSAKA, Japan - Hankyu Holdings Inc. and Hanshin Electric Railway Co. merged into Hankyu Hanshin Holdings Inc. on Oct. 1, creating Japan's third-largest railway operator excluding the nationwide Japan Railway group. The new holding company President Kazuo Sumi (L) and Representative Director Shinya Sakai (R) attended a management integration committee meeting in Osaka the same day. (Kyodo)

Hankyu, Hanshin department stores to integrate under holding fir

Hankyu, Hanshin department stores to integrate under holding fir

OSAKA, Japan - Hankyu Hanshin Holdings Inc. President Kazuo Sumi (L), accompanied by his aide Shiunya Sakai, speaks at a press conference at an Osaka hotel on March 26. He said that Hankyu Department Stores Inc. and Hanshin Department Stores Ltd. will integrate operations on Oct. 1 under a holding firm to be formed from what is now Hankyu Department Stores. (Kyodo)