The parent company, Keihan Electric Railway, had a huge amount of liability as a result of its active investment in various areas during the Showa Depression, so the merger was aimed at consolidating the two companies for business reorganization.
これは昭和恐慌の影響もあり、新京阪のみならず本体の京阪も各方面への積極的な進出があだとなって多額の負債を抱えており、両社を統合して経営再建を図る目的があった。