October 1, 1943: Under the wartime governmental policy of integrating firms, the Land Transportation Business Coordination Act was enacted, and based on this act the Keihan Electric Railway Co., Ltd. merged with the Hanshin Electric Express Railway Company; consequently, the Keihanshin Express Electric Railway Company (the current Hankyu Corporation belonging to Hankyu Hanshin Holdings, Inc.) was established (the surviving company was Hanshin Express Electric Railway Company).
1943年（昭和18年）10月1日-戦時中の企業統合政策、陸上交通事業調整法により、京阪電気鉄道株式会社が阪神急行電鉄株式会社と合併し、京阪神急行電鉄株式会社（現在の阪急電鉄株式会社。法人格としては現在の阪急阪神ホールディングス株式会社）が発足（書類上の存続会社は阪神急行電鉄株式会社）。