As that railway business was favorable with high profitability, Jutaro planed to make thirty-six miles of railway from Sakai to Wakayama and established Nankai Electric Railway Co., Ltd. to become its president in 1895.
同鉄道の経営は順調で、高収益をあげたため、さらに重太郎は堺から和歌山まで36マイルの鉄道敷設を計画し1895年南海電気鉄道を設立、その社長となった。