Tokyo Region

No. Golf course Appraisal Value1
(JPY million)
Location Number of Holes Revenue FY17/182
(JPY million)
Utilisation Rates
FY17/18(%)
1 Daiatsugi Country Club Hon Course 7,980 Atsugi-Shi, Kanagawa 27 1,304 86.3
2 Daiatsugi Country Club Sakura Course 6,650 Atsugi-Shi, Kanagawa 18 1,101 110.0
3 Northern Country Club Nishikigahara Golf Course 4,610 Saitama-Shi, Saitama 43 1,188 87.1
4 Tokyowan Country Club 3,770 Sodegaura-Shi, Chiba 27 1,051 88.6
5 Tsuchiura Country Club 3,660 Inashiki-Shi, Ibaraki 27 886 85.1
6 Odawara Golf Club Matsuda Course 2,900 Ashigarakami-Gun, Kanagawa 18 655 85.5
7 Yorii Country Club 2,810 Osato-Gun, Saitama 18 652 80.2
8 Central Golf Club 2,760 Namegata-Shi, Ibaraki 36 977 74.9
9 Fujioka Golf Club 2,730 Fujioka-Shi, Gunma 36 710 68.9
10 Aqualine Golf Club 2,670 Kisarazu-Shi, Chiba 18 650 81.6
11 Mito Golf Club 2,450 Mito-Shi, Ibaraki 36 821 68.5
12 Naritahigashi Country Club 2,440 Katori-Shi, Chiba 18 573 81.5
13 Chiba Sakuranosato Golf Club 2,040 Katori-Shi, Chiba 18 548 81.7
14 Kanetsu Highland Golf Club 2,030 Takasaki-Shi, Gunma 27 600 80.3
15 Sawara Country Club 1,980 Katori-Shi, Chiba 18 631 82.9
16 Minagawajo Country Club 1,920 Tochigi-Shi, Tochigi 18 601 75.0
17 Ohiradai Country Club 1,840 Tochigi-Shi, Tochigi 27 605 72.9
18 Tamagawa Country Club 1,600 Hiki-Gun, Saitama 18 547 79.0
19 Sainomori Country Club 1,460 Chichibu-Shi, Saitama 18 609 78.8
20 Kodamakamikawa Country Club 1,400 Kodama-Gun, Saitama 18 524 83.9
21 Central Golf Club New Course 1,390 Namegata-Shi, Ibaraki 18 477 80.4
22 Kanra Country Club 1,380 Kanra-Gun, Gunma 18 490 80.1
23 Wildduck Country Club 1,350 Kamisu-Shi, Ibaraki 18 469 77.7
24 Myogi Country Club 1,270 Tomioka-Shi, Gunma 18 968 74.6
25 Ishioka Golf Club West Course 1,120 Kasama-Shi, Ibaraki 18 537 84.3
26 Hanao Country Club 1,070 Isumi-Gun, Chiba 18 520 87.3
27 Midono Country Club 1,050 Fujioka-Shi, Gunma 18 512 86.3
28 Koryo Country Club 1,020 Kanuma-Shi, Tochigi 27 511 65.1
29 Twin Lakes Country Club 941 Fujioka-Shi, Gunma 18 546 84.5
30 Chichibu Kokusai Country Club 694 Chichibu-Gun, Saitama 18 346 72.5
31 Kamogawa Country Club 677 Kamogawa-Shi, Chiba 18 592 82.4
32 Northern Country Club Akagi Golf Course 418 Shibukawa-Shi, Gunma 27 397 64.8
33 Kitsuregawa Country Club 346 Sakura-Shi, Tochigi 27 520 63.0
34 Northern Country Club Jomo Golf Course 184 Agatsuma-Gun, Gunma 18 236 70.5
35 Village Higashi Karuizawa Golf Club 81 Annaka-Shi, Gunma 18 278 62.6

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.