Tokyo Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY18/192
(JPY million)
Utilisation Rates FY18/19
(%)
1 Daiatsugi Country Club Hon Course 8,000 Atsugi-Shi, Kanagawa 27 1,334 87.1
2 Daiatsugi Country Club Sakura Course 6,530 Atsugi-Shi, Kanagawa 18 1,124 110.4
3 Tokyowan Country Club 3,780 Sodegaura-Shi, Chiba 27 1,071 90.4
4 Tsuchiura Country Club 3,600 Inashiki-Shi, Ibaraki 27 903 86.5
5 Central Golf Club 2,880 Namegata-Shi, Ibaraki 36 989 77.7
6 Odawara Golf Club Matsuda Course 2,870 Ashigarakami-Gun, Kanagawa 18 636 83.4
7 Yorii Country Club 2,830 Osato-Gun, Saitama 18 673 79.9
8 Fujioka Golf Club 2,650 Fujioka-Shi, Gunma 36 715 68.2
9 Aqualine Golf Club 2,600 Kisarazu-Shi, Chiba 18 644 81.0
10 Naritahigashi Country Club 2,440 Katori-Shi, Chiba 18 575 81.6
11 Mito Golf Club 2,430 Mito-Shi, Ibaraki 36 827 68.0
12 Kanetsu Highland Golf Club 2,000 Takasaki-Shi, Gunma 27 616 80.1
13 Chiba Sakuranosato Golf Club 1,950 Katori-Shi, Chiba 18 548 82.5
14 Minagawajo Country Club 1,910 Tochigi-Shi, Tochigi 18 595 76.4
15 Sawara Country Club 1,910 Katori-Shi, Chiba 18 627 82.0
16 Ohiradai Country Club 1,800 Tochigi-Shi, Tochigi 27 597 72.9
18 Tamagawa Country Club 1,570 Hiki-Gun, Saitama 18 578 80.9
18 Sainomori Country Club 1,460 Chichibu-Shi, Saitama 18 647 79.8
19 Kodamakamikawa Country Club 1,400 Kodama-Gun, Saitama 18 534 83.7
20 Kanra Country Club 1,350 Kanra-Gun, Gunma 18 500 78.8
21 Central Golf Club New Course 1,340 Namegata-Shi, Ibaraki 18 476 81.7
22 Wildduck Country Club 1,310 Kamisu-Shi, Ibaraki 18 454 77.9
23 Myogi Country Club 1,270 Tomioka-Shi, Gunma 18 971 75.4
24 Ishioka Golf Club West Course 1,110 Kasama-Shi, Ibaraki 18 539 82.9
25 Hanao Country Club 1,070 Isumi-Gun, Chiba 18 499 83.3
26 Koryo Country Club 1,020 Kanuma-Shi, Tochigi 27 515 69.1
27 Midono Country Club 1,000 Fujioka-Shi, Gunma 18 510 83.3
28 Northern Country Club Nishikigahara Golf Course 973 Saitama-Shi, Saitama 43 1,221 85.3
29 Twin Lakes Country Club 935 Fujioka-Shi, Gunma 18 550 84.6
30 Chichibu Kokusai Country Club 741 Chichibu-Gun, Saitama 18 351 72.5
31 Kamogawa Country Club 646 Kamogawa-Shi, Chiba 18 587 82.6
32 Kitsuregawa Country Club 332 Sakura-Shi, Tochigi 27 536 65.6
33 Northern Country Club Akagi Golf Course 270 Shibukawa-Shi, Gunma 27 402 60.9
34 Northern Country Club Jomo Golf Course 113 Agatsuma-Gun, Gunma 18 238 72.0
35 Village Higashi Karuizawa Golf Club* 28 Annaka-Shi, Gunma 18 271 60.9

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