Nagoya Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY19/202
(JPY million)
Utilisation Rates FY19/20
(%)
1 Yokkaichinosato Golf Club 2,260 Yokkaichi-Shi, Mie 18 677 81.0
2 Shinyo Country Club 2,080 Toki-Shi, Gifu 18 641 85.1
3 Fujiwara Golf Club 1,980 Inabe-Shi, Mie 27 744 73.7
4 Castlehill Country Club 1,880 Toyokawa-Shi, Aichi 18 656 82.1
5 Forest Mizunami Country Club*3 1,280 Mizunami-Shi, Gifu 18 504 86.8
6 Sorei Golf Club Seki Course 1,210 Kameyama-Shi, Mie 18 421 76.0
7 Kasumi Golf Club 1,200 Tsu-Shi, Mie 18 531 82.2
8 Tsukude Golf Club 1,150 Shinshiro-Shi, Aichi 18 554 80.8
9 Forest Geino Golf Club 1,070 Tsu-Shi, Mie 18 484 75.4
10 Sun Classic Golf Club 971 Kani-Gun, Gifu 18 522 87.7
11 Route 25 Golf Club 807 Iga-Shi, Mie 18 498 81.3
12 Meisho Golf Club 657 Tsu-Shi, Mie 18 387 71.9

1 Based on real estate appraisals as at 31 December 2019 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.