Osaka Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY17/182
(JPY million)
Utilisation Rates FY17/18
(%)
1 Otsu Country Club 7,410 Otsu-Shi, Shiga 45 1,636 86.9
2 Izumisano Country Club 4,640 Izumisano-Shi, Osaka 27 1,042 94.2
3 Kisaichi Country Club 4,480 Katano-Shi, Osaka 27 1,028 92.9
4 Kamo Country Club 4,310 Kizugawa-Shi, Kyoto 36 1,118 89.0
5 Atagohara Golf Club 3,180 Takarazuka-Shi, Hyogo 27 824 80.4
6 Naranomori Golf Club 2,090 Nara-Shi, Nara 18 700 90.0
7 Harima Country Club 1,950 Ono-Shi, Hyogo 18 572 88.0
8 Kameoka Golf Club 1,900 Kameoka-Shi, Kyoto 18 512 81.5
9 Lake Forest Resort 1,770 Soraku-Gun, Kyoto 45 1,538 81.3
10 Sorei Golf Club Tsuchiyama Course 1,360 Kouka-Shi, Shiga 18 440 78.5
11 Kyowa Golf Club 1,270 Soraku-Gun, Kyoto 18 504 83.7
12 Misaki Country Club 1,210 Sennan-Gun, Osaka 18 578 93.6
13 Yamato Kougen Country Club 771 Nara-Shi, Nara 18 543 85.7
14 Kasai Country Club 578 Kasai-Shi, Hyogo 18 430 78.7
15 Shirasagi Golf Club 478 Himeji-Shi, Hyogo 18 490 83.5

1 Based on real estate appraisals as at 31 December 2017 conducted by the Independent Real Estate Appraisers.
2 Revenue includes play fees (green fees and cart fees), caddy fees, restaurant charges, membership fees and other revenues from the golf course.