Osaka Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY18/192
(JPY million)
Utilisation Rates FY18/19
(%)
1 Otsu Country Club 7,480 Otsu-Shi, Shiga 45 1,582 85.9
2 Izumisano Country Club 4,610 Izumisano-Shi, Osaka 27 996 91.9
3 Kisaichi Country Club 4,400 Katano-Shi, Osaka 27 1,001 91.7
4 Kamo Country Club 4,340 Kizugawa-Shi, Kyoto 36 1,096 86.5
5 Atagohara Golf Club 3,190 Takarazuka-Shi, Hyogo 27 820 77.1
6 Naranomori Golf Club 2,090 Nara-Shi, Nara 18 679 87.0
7 Harima Country Club 1,990 Ono-Shi, Hyogo 18 581 89.9
8 Kameoka Golf Club 1,820 Kameoka-Shi, Kyoto 18 535 85.5
9 Lake Forest Resort 1,580 Soraku-Gun, Kyoto 45 1,521 80.5
10 Sorei Golf Club Tsuchiyama Course 1,380 Kouka-Shi, Shiga 18 433 75.8
11 Kyowa Golf Club 1,270 Soraku-Gun, Kyoto 18 486 82.8
12 Misaki Country Club 1,220 Sennan-Gun, Osaka 18 570 89.7
13 Yamato Kougen Country Club 760 Nara-Shi, Nara 18 537 82.9
14 Kasai Country Club 583 Kasai-Shi, Hyogo 18 426 78.3
15 Shirasagi Golf Club 491 Himeji-Shi, Hyogo 18 496 82.1

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.