Tokyo Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY19/202
(JPY million)
Utilisation Rates FY19/20
(%)
1 Daiatsugi Country Club Hon Course 7,610 Atsugi-Shi, Kanagawa 27 1,342 89.9
2 Daiatsugi Country Club Sakura Course 6,570 Atsugi-Shi, Kanagawa 18 1,131 113.5
3 Tokyowan Country Club 3,760 Sodegaura-Shi, Chiba 27 1,060 93.0
4 Tsuchiura Country Club 3,530 Inashiki-Shi, Ibaraki 27 881 86.8
5 Central Golf Club 2,910 Namegata-Shi, Ibaraki 36 993 83.6
6 Yorii Country Club 2,790 Osato-Gun, Saitama 18 680 82.9
7 Odawara Golf Club Matsuda Course 2,740 Ashigarakami-Gun, Kanagawa 18 591 83.9
8 Fujioka Golf Club 2,580 Fujioka-Shi, Gunma 36 732 73.9
9 Aqualine Golf Club 2,540 Kisarazu-Shi, Chiba 18 614 82.0
10 Mito Golf Club 2,370 Mito-Shi, Ibaraki 36 838 72.0
11 Naritahigashi Country Club 2,360 Katori-Shi, Chiba 18 566 86.2
12 Kanetsu Highland Golf Club 1,920 Takasaki-Shi, Gunma 27 615 81.2
13 Chiba Sakuranosato Golf Club 1,900 Katori-Shi, Chiba 18 536 84.6
14 Sawara Country Club 1,880 Katori-Shi, Chiba 18 598 82.5
15 Minagawajo Country Club 1,870 Tochigi-Shi, Tochigi 18 604 80.9
16 Ohiradai Country Club 1,740 Tochigi-Shi, Tochigi 27 611 74.3
17 Tamagawa Country Club 1,540 Hiki-Gun, Saitama 18 575 84.8
18 Sainomori Country Club 1,510 Chichibu-Shi, Saitama 18 657 82.4
19 Kodamakamikawa Country Club 1,380 Kodama-Gun, Saitama 18 528 87.1
20 Central Golf Club New Course 1,330 Namegata-Shi, Ibaraki 18 464 81.1
21 Kanra Country Club 1,320 Kanra-Gun, Gunma 18 489 81.8
22 Myogi Country Club 1,250 Tomioka-Shi, Gunma 18 962 80.3
23 Wildduck Country Club 1,240 Kamisu-Shi, Ibaraki 18 434 80.4
24 Ishioka Golf Club West Course 1,040 Kasama-Shi, Ibaraki 18 539 85.8
25 Hanao Country Club 1,010 Isumi-Gun, Chiba 18 473 86.8
26 Midono Country Club 991 Fujioka-Shi, Gunma 18 520 86.9
27 Koryo Country Club 991 Kanuma-Shi, Tochigi 27 514 71.2
28 Twin Lakes Country Club 923 Fujioka-Shi, Gunma 18 553 87.4
29 Chichibu Kokusai Country Club 731 Chichibu-Gun, Saitama 18 351 79.2
30 Kamogawa Country Club 548 Kamogawa-Shi, Chiba 18 566 85.6
31 Northern Country Club Nishikigahara Golf Course 525 Saitama-Shi, Saitama 43 1,102 80.4
32 Kitsuregawa Country Club 322 Sakura-Shi, Tochigi 27 558 70.7
33 Northern Country Club Akagi Golf Course 270 Shibukawa-Shi, Gunma 27 385 64.3
34 Northern Country Club Jomo Golf Course 103 Agatsuma-Gun, Gunma 18 235 89.9

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.
* Village Higashi Karuizawa Golf Club was divested on 3rd June 2019.