Osaka Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY19/202
(JPY million)
Utilisation Rates FY19/20
(%)
1 Otsu Country Club 7,510 Otsu-Shi, Shiga 45 1,649 87.9
2 Izumisano Country Club 4,640 Izumisano-Shi, Osaka 27 1,048 94.9
3 Kamo Country Club 4,380 Kizugawa-Shi, Kyoto 36 1,128 90.9
4 Kisaichi Country Club 4,320 Katano-Shi, Osaka 27 1,045 94.5
5 Atagohara Golf Club 3,190 Takarazuka-Shi, Hyogo 27 827 83.4
6 Naranomori Golf Club 2,070 Nara-Shi, Nara 18 704 90.2
7 Harima Country Club 2,010 Ono-Shi, Hyogo 18 584 92.1
8 Kameoka Golf Club 1,790 Kameoka-Shi, Kyoto 18 545 88.4
9 Lake Forest Resort 1,610 Soraku-Gun, Kyoto 45 1,480 86.7
10 Sorei Golf Club Tsuchiyama Course 1,380 Kouka-Shi, Shiga 18 451 77.2
11 Misaki Country Club 1,310 Sennan-Gun, Osaka 18 538 83.8
12 Kyowa Golf Club 1,270 Soraku-Gun, Kyoto 18 518 87.6
13 Yamato Kougen Country Club 754 Nara-Shi, Nara 18 571 88.5
14 Kasai Country Club 580 Kasai-Shi, Hyogo 18 446 82.0
15 Shirasagi Golf Club 495 Himeji-Shi, Hyogo 18 497 84.2

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.