Nagoya Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY17/182
(JPY million)
Utilisation Rates FY17/18
(%)
1 Yokkaichinosato Golf Club 2,550 Yokkaichi-Shi, Mie 18 706 81.5
2 Shinyo Country Club 2,100 Toki-Shi, Gifu 18 665 85.1
3 Fujiwara Golf Club 2,020 Inabe-Shi, Mie 27 715 71.4
4 Castlehill Country Club 1,960 Toyokawa-Shi, Aichi 18 658 80.8
5 Kasumi Golf Club 1,370 Tsu-Shi, Mie 18 495 77.3
6 Forest Mizunami Country Club 1,370 Mizunami-Shi, Gifu 18 540 86.4
7 Forest Geino Golf Club 1,270 Tsu-Shi, Mie 18 462 72.1
8 Tsukude Golf Club 1,260 Shinshiro-Shi, Aichi 18 538 79.4
9 Sorei Golf Club Seki Course 1,250 Kameyama-Shi, Mie 18 409 73.9
10 Sun Classic Golf Club 1,020 Kani-Gun, Gifu 18 535 86.9
11 Route 25 Golf Club 929 Iga-Shi, Mie 18 485 75.8
12 Meisho Golf Club 705 Tsu-Shi, Mie 18 390 70.5

1 Based on real estate appraisals as at 31 December 2017 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.