Nagoya Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY18/192
(JPY million)
Utilisation Rates FY18/19
(%)
1 Yokkaichinosato Golf Club 2,470 Yokkaichi-Shi, Mie 18 699 81.3
2 Shinyo Country Club 2,100 Toki-Shi, Gifu 18 643 83.1
3 Fujiwara Golf Club 2,000 Inabe-Shi, Mie 27 736 70.9
4 Castlehill Country Club 1,950 Toyokawa-Shi, Aichi 18 648 79.8
5 Forest Mizunami Country Club*3 1,370 Mizunami-Shi, Gifu 18 521 84.7
6 Kasumi Golf Club 1,290 Tsu-Shi, Mie 18 491 76.0
7 Sorei Golf Club Seki Course 1,250 Kameyama-Shi, Mie 18 402 73.6
8 Tsukude Golf Club 1,230 Shinshiro-Shi, Aichi 18 538 79.3
9 Forest Geino Golf Club 1,170 Tsu-Shi, Mie 18 460 71.3
10 Sun Classic Golf Club 1,020 Kani-Gun, Gifu 18 541 86.8
11 Route 25 Golf Club 920 Iga-Shi, Mie 18 483 77.5
12 Meisho Golf Club 701 Tsu-Shi, Mie 18 386 70.3

1 Based on real estate appraisals as at 31 December 2018 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.