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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.