However, affected by the Showa Depression and the Great Depression, Keihan Electric Railway, which was investing heavily in Shinkeihan Railway, Hanwa Electric Railway (current Hanwa Line) and Nara Electric Railway (current Kintetsu Kyoto Line) among others, ran into financial difficulty.
しかし昭和金融恐慌・世界恐慌の影響で、この新京阪鉄道や阪和電気鉄道（現：阪和線）・奈良電気鉄道（現：近鉄京都線）などに多額の投資をした京阪電気鉄道の経営が危うくなった。