Other Region

No. Golf course Appraisal Value
(JPY million)*1
Location Area (m2) Number of Holes Year of Acquisition by the Sponsor Revenue FY15/16
(JPY million)*2
Utilisation Rates FY15/16(%)*3
1 Mishima Country Club 3,040 Mishima-Shi, Shizuoka 1,069,886 18 2005 699 85.5
2 Ashitaka Six Hundred Club*3 2,100 Numazu-Shi, Shizuoka 873,030 18 2005 611 80.2
3 Jurigi Country Club 1,780 Fuji-Shi, Shizuoka 722,429 18 2008 489 72.4
4 Nijo Country Club 1,510 Itoshima-Shi, Fukuoka 952,335 18 2007 526 84.6
5 Sanyo Kokusai Golf Club 1,170 Sanyoonoda-Shi, Yamaguchi 1,863,554 36 2005 648 60.2
6 Hongo Country Club 1,030 Mihara-Shi, Hiroshima 1,168,476 18 2008 422 61.4
7 Yunoura Country Club 978 Hioki-Shi, Kagoshima 1,454,590 18 2005 447 78.2
8 Dainiigata Country Club Izumosaki Course 878 Santo-Gun, Niigata 489,212 18 2005 339 69.5
9 Sasebo Kokusai Country Club 851 Sasebo-Shi, Nagasaki 363,153 18 2007 392 69.4
10 Beppu No Mori Golf Club 834 Beppu-Shi, Oita 1,292,070 27 2005 515 70.3
11 Central Fukuoka Golf Club 760 Chikushino-Shi, Fukuoka 661,225 18 2007 478 84.8
12 Osato Golf Club 668 Kurokawa-Gun, Miyagi 1,377,510 18 2006 321 81.2
13 Takehara Country Club 625 Takehara-Shi, Hiroshima 1,116,606 18 2005 382 61.2
14 Izukokusai Country Club 533 Izu-Shi, Shizuoka 596,199 18 2005 305 63.6
15 Nagasaki Park Country Club 490 Saikai-Shi, Nagasaki 1,016,537 18 2005 393 69.4
16 Aoshima Golf Club 453 Miyazaki-Shi, Miyazaki 816,506 18 2005 449 72.2
17 Fukuoka Pheasant Country Club 451 Tagawa-Gun, Fukuoka 1,072,749 18 2005 338 69.1
18 Dainiigata Country Club Sanjo Course 445 Sanjo-Shi, Niigata 675,500 18 2005 256 61.2
19 Onuma Lake Golf Club 419 Kayabe-Gun, Hokkaido 1,236,330 27 2005 320 56.9
20 Kikuchi Country Club 415 Kikuchi-Shi, Kumamoto 1,573,608 18 2005 307 65.6
21 Amagaseonsen Country Club 347 Hita-Shi, Oita 677,450 18 2005 299 66.3
22 Tarumae Country Club 346 Tomakomai-Shi, Hokkaido 2,131,128 27 2008 389 55.0
23 Rainbow Sports Land Golf Club 312 Miyakonojo-Shi, Miyazaki 682,127 18 2007 255 70.4
24 Hananomori Golf Club 294 Kurokawa-Gun, Miyagi 1,211,083 18 2005 415 69.1
25 Yamagataminami Country Club 264 Higashiokitama-Gun, Yamagata 885,800 18 2005 221 64.7
26 Huis Ten Bosch Country Club 115 Saikai-Shi, Nagasaki 994,455 18 2007 331 59.0
27 Kanazawa Central Country Club 51 Kanazawa-Shi, Ishikawa 1,311,095 18 2007 314 69.5

*1 Based on real estate appraisals as at 31 December 2015 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.
*3 Utilisation rate = Total no. of visitors per 18 holes/(Total operating days x 200 persons).