Other Region

No. Golf course Appraisal Value
(JPY million)*1
Location Area (m2) Number of Holes Year of Acquisition by the Sponsor Revenue FY16/17
(JPY million)*2
Utilisation Rates FY16/17(%)*3
1 Mishima Country Club 3,040 Mishima-Shi, Shizuoka 1,069,886 18 2005 710 87.1
2 Ashitaka Six Hundred Club*3 2,110 Numazu-Shi, Shizuoka 873,030 18 2005 635 84.4
3 Jurigi Country Club 1,760 Fuji-Shi, Shizuoka 722,429 18 2008 487 68.9
4 Nijo Country Club 1,520 Itoshima-Shi, Fukuoka 952,335 18 2007 504 81.2
5 Sanyo Kokusai Golf Club 1,130 Sanyoonoda-Shi, Yamaguchi 1,863,554 36 2005 635 59.4
6 Hongo Country Club 1,010 Mihara-Shi, Hiroshima 1,168,476 18 2008 382 57.3
7 Yunoura Country Club 982 Hioki-Shi, Kagoshima 1,454,590 18 2005 431 76.7
8 Dainiigata Country Club Izumosaki Course 881 Santo-Gun, Niigata 489,212 18 2005 331 66.3
9 Sasebo Kokusai Country Club 846 Sasebo-Shi, Nagasaki 363,153 18 2007 377 68.3
10 Beppu No Mori Golf Club 817 Beppu-Shi, Oita 1,292,070 27 2005 482 65.5
11 Central Fukuoka Golf Club 774 Chikushino-Shi, Fukuoka 661,225 18 2007 475 81.5
12 Osato Golf Club 687 Kurokawa-Gun, Miyagi 1,377,510 18 2006 319 79.8
13 Takehara Country Club 631 Takehara-Shi, Hiroshima 1,116,606 18 2005 361 58.4
14 Izukokusai Country Club 541 Izu-Shi, Shizuoka 596,199 18 2005 309 66.9
15 Nagasaki Park Country Club 502 Saikai-Shi, Nagasaki 1,016,537 18 2005 370 65.7
16 Aoshima Golf Club 474 Miyazaki-Shi, Miyazaki 816,506 18 2005 474 474
17 Dainiigata Country Club Sanjo Course 449 Sanjo-Shi, Niigata 675,500 18 2005 249 58.8
18 Fukuoka Pheasant Country Club 444 Tagawa-Gun, Fukuoka 1,072,749 18 2005 315 64.7
19 Onuma Lake Golf Club 421 Kayabe-Gun, Hokkaido 1,236,330 27 2005 304 54.9
20 Kikuchi Country Club 411 Kikuchi-Shi, Kumamoto 1,573,608 18 2005 293 64.9
21 Amagaseonsen Country Club 342 Hita-Shi, Oita 677,450 18 2005 278 58.3
22 Tarumae Country Club 338 Tomakomai-Shi, Hokkaido 2,131,128 27 2008 371 52.9
23 Rainbow Sports Land Golf Club 322 Miyakonojo-Shi, Miyazaki 682,127 18 2007 234 64.9
24 Hananomori Golf Club 304 Kurokawa-Gun, Miyagi 1,211,083 18 2005 402 66.5
25 Yamagataminami Country Club 264 Higashiokitama-Gun, Yamagata 885,800 18 2005 218 63.2
26 Huis Ten Bosch Country Club 114 Saikai-Shi, Nagasaki 994,455 18 2007 321 58.4
27 Kanazawa Central Country Club 52 Kanazawa-Shi, Ishikawa 1,311,095 18 2007 315 66.8

*1 Based on real estate appraisals as at 31 December 2016 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.
*3 Utilisation rate = Total no. of visitors per 18 holes/(Total operating days x 200 persons).