Hankyu Hanshin Toho Group

Hankyu Hanshin Toho Group (阪急阪神東宝グループ, Hankyū Hanshin Tōhō Gurūpu^?) is a Japanese keiretsu (association of businesses) centered on Hankyu Hanshin Holdings, H2O Retailing and Toho. The keiretsu historically included Sanwa Bank, now part of Mitsubishi UFJ Financial Group, and is still closely linked to MUFG.

Rough overview of the ownership relations prevailing within the Hankyu Hanshin Toho Group. Fully owned subsidiaries are not taken into account. Ownership information taken from company statements as of 2008.

(note: list incomplete)

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