On the same date, the company was split off and the businesses such as railway and real estate were succeeded by Hankyu Dentetsu Bunkatsu Junbi KK (= a now-defunct subsidiary called KK Act Systems, which was founded on December 7, 1989, and changed the name on March 29, 2004), after which the corporate name of Hankyu Dentetsu Bunkatsu Junbi KK was changed to Hankyu Corporation and the former Hankyu Railway to Hankyu Holdings, respectively.
同日付けで鉄道・不動産等の事業は会社分割によって阪急電鉄分割準備（株）（休眠子会社の株式会社アクトシステムズ＝1989年12月7日設立を2004年3月29日付で社名変更）に承継させた上で同社を阪急電鉄に改称、旧阪急電鉄を阪急ホールディングスに改称。