通期売上(百万円)
売上5y CAGR・予想:0.7 %
通期利益(百万円)
営利5y CAGR・予想:-3.9 %
純利5y CAGR・予想:-2.5 %
P/L
2018.32019.32020.32021.3E
売上1,585,4971,650,8771,751,3301,450,000
前期比106.6%104.1%106.1%82.8%
売上原価1,318,8791,409,4171,492,653-
売上総利益266,618241,459258,677-
%16.8%14.6%14.8%-
販管費84,75888,13690,921-
営業利益181,859153,323167,75581,000
前期比129.1%84.3%109.4%48.3%
%11.5%9.3%9.6%5.6%
受取利息および受取配当金4,3324,5255,221-
持分法による投資利益1,0031,2831,069-
営業外収益5,9946,7907,181-
支払利息1,6841,2771,111-
持分法による投資損失----
営業外費用2,5052,1781,589-
経常利益185,349157,936173,34784,000
固定資産売却益1831,6491,186-
投資有価証券売却益779153496-
特別利益1,0903,7224,811-
固定資産売却損----
投資有価証券売却損3911,502-
減損損失3,6313391,337-
特別損失4,1428813,374-
税引前利益182,297160,777174,785-
法人税等55,50848,07552,600-
%30.4%29.9%30.1%-
当期純利益126,789112,701122,184-
非支配株主に帰属する当期純利益112996-
親会社株主に帰属する当期純利益126,788112,571122,08756,000
前期比140.0%88.8%108.5%45.9%
%8.0%6.8%7.0%3.9%
 
EBITDA188,908161,178177,640-
EPS565.4円516.1円577.8円515.8円
BPS2,975.0円3,302.9円3,550.0円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,610,0001,590,0001,740,0001,450,000
対実績比98.5%103.8%100.7%-
営業利益(期初予)125,000131,000148,00081,000
対実績比145.5%117.0%113.3%-
純利益(期初予)87,00091,000103,00056,000
対実績比145.7%123.7%118.5%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価5,400円5,140円3,305円-
企業価値1,037,899978,359424,281-
時価総額1,210,9611,121,148698,381-
純有利子負債-442,834-249,634-274,100-
PER(会予)12.5倍11.7倍6.4倍-
PBR1.9倍1.7倍0.9倍-
PER × PBR24.1倍20.0倍6.0倍-
EV/EBITDA(会予)7.1倍6.8倍2.6倍-
PSR(会予)0.8倍0.7倍0.4倍-
PCFR(会予)11.7倍10.9倍5.9倍-
配当金125.0円130.0円130.0円130.0円
配当利回り1.9%2.4%3.9%-
配当性向22.1%25.2%22.5%-
自己資本配当率2.9%3.9%3.7%-
ROE19.0%15.6%16.3%-
純利益率(再掲)8.0%6.8%7.0%-
総資産回転率0.8回0.9回0.9回-
財務レバレッジ2.9倍2.6倍2.5倍-
実質ROE19.0%14.9%15.0%-
ROIC13.9%11.2%12.0%-
ROA6.6%6.1%6.5%-
β0.500.440.63-
βの決定係数(R2)0.130.120.24-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
2018.32019.32020.32021.3E
流動資産
現金687,456467,750482,722-
売上債権000-
棚卸資産000-
有価証券----
前払金----
繰延税金資産24,776---
貸倒引当金-173-121-166-
流動資産1,327,4861,200,4361,299,022-
固定資産
建物・構築物136,975152,138146,673-
機械・運搬具56,17260,37960,616-
土地119,963135,938120,572-
建設仮勘定1,5231,255684-
有形固定資産188,397219,745204,400-
のれん----
無形固定資産11,55313,02714,288-
投資有価証券337,382367,626317,621-
繰延税金資産6,5573,914--
貸倒引当金-1,753-1,768-1,510-
敷金および保証金----
投資その他の資産383,159412,965372,283-
固定資産583,110645,739590,972-
総資産1,910,5971,846,1761,889,995-
 
負債
有利子負債合計244,622218,116208,622-
仕入債務509,576507,335491,569-
前受金----
未払法人税等30,84318,98131,955-
繰延税金負債(固定)1,4306,199--
負債1,241,5771,123,7851,136,080-
 
純資産
資本金122,742122,742122,742-
資本剰余金60,19960,19860,198-
利益剰余金382,462465,127556,304-
自己株式-1,490-37,503-65,515-
非支配株主持分1,8671,9673,757-
純資産669,019722,390753,915-
キャッシュフロー(百万円)
C/S
2018.32019.32020.32021.3E
営業CF
税金等調整前当期純利益182,297160,777174,785-
減価償却費7,0497,8559,885-
のれん償却額----
減損損失3,6313391,337-
受取利息及び受取配当金-4,332-4,526-5,221-
売上債権の増減額-21,537-99,706-72,326-
棚卸資産の増減額----
仕入債務の増減額85,141-3,127-16,382-
営業CF207,020-71,02877,475-
投資CF
有価証券の取得-6,171-17,362-15,004-
有価証券の売却・償還2,0402,11614,789-
固定資産の購入-9,354-46,645-12,991-
固定資産の売却5919,47823,435-
貸付け----
貸付金の回収----
投資CF-11,852-82,28833,260-
財務CF
短期借入金の純増減額----
長期借入れ44,85012,60023,100-
長期借入金の返済-43,404-19,725-31,027-
社債の発行19,968---
社債の償還-10,000-10,000--
自己株式の取得-25,047-36,013-28,013-
自己株式の売却----
配当金の支払-24,956-29,906-29,003-
財務CF-41,682-96,197-66,647-
換算差額-926-246243-
その他
2018.32019.32020.32021.3E
設備投資額9,35446,64512,991-
研究開発費-12,40013,500-
発行済株式総数224,251,532株218,121,340株211,310,493株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
2018.32019.32020.32021.3E
従業員数14,032人14,433人14,562人-
売上/従業員(千円)112,992114,382120,267-
営利/従業員(千円)12,96010,62311,520-
四半期売上(百万円)
売上5y CAGR・予想:0.7 %
四半期利益(百万円)
営利5y CAGR・予想:-3.9 %
純利5y CAGR・予想:-2.5 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上1,082,9851,585,497318,218704,6511,097,5081,650,877349,621766,4141,174,6901,751,330268,784594,0741,530,000
前期比106.3%106.6%99.4%102.8%101.3%104.1%109.9%108.8%107.0%106.1%76.9%77.5%87.4%
売上原価908,5421,318,879282,023615,038949,4041,409,417303,432665,3231,018,7441,492,653231,897509,179-
売上総利益174,443266,61836,19589,613148,104241,45946,188101,091155,946258,67736,88784,895-
%16.1%16.8%11.4%12.7%13.5%14.6%13.2%13.2%13.3%14.8%13.7%14.3%-
販管費59,70484,75820,91341,61062,66688,13620,28141,23862,94690,92119,36940,498-
営業利益114,738181,85915,28148,00285,437153,32325,90759,85292,999167,75517,51744,397120,000
前期比109.9%129.1%57.5%75.9%74.5%84.3%169.5%124.7%108.9%109.4%67.6%74.2%71.5%
%10.6%11.5%4.8%6.8%7.8%9.3%7.4%7.8%7.9%9.6%6.5%7.5%7.8%
受取利息および受取配当金3,7114,3321,8312,3193,8224,5252,0822,6744,3555,2212,0252,744-
持分法による投資利益-1,003---1,283---1,069---
営業外収益4,8245,9942,6553,4375,4886,7902,6143,5285,5467,1812,9333,596-
支払利息1,3221,6843586779821,2772975928551,111257521-
持分法による投資損失-------------
営業外費用1,9342,5054851,1751,6312,1785459191,2451,589413713-
経常利益117,629185,34917,45150,26389,295157,93627,97662,46097,300173,34720,03747,279123,000
固定資産売却益361831,5931,6261,6291,6490571,186---
投資有価証券売却益201779-4048153438443-496149250-
特別利益2471,0901,6791,9412,0323,7223,4823,4923,4994,811149254-
固定資産売却損-------------
投資有価証券売却損-3--91914117464271,5021,0531,120-
減損損失3733,631---339--1,1201,337---
特別損失6464,1422533324628814147991,7213,3741,0841,956-
税引前利益117,230182,29718,87751,87290,865160,77731,04365,15399,078174,78519,10145,576-
法人税等36,23855,5085,90816,62228,57448,0759,58920,23230,30652,6005,87814,942-
%30.9%30.4%31.3%32.0%31.4%29.9%30.9%31.1%30.6%30.1%30.8%32.8%-
当期純利益80,992126,78912,96835,24962,290112,70121,45444,92068,772122,18413,22330,634-
非支配株主に帰属する当期純利益3014226912910419296-15-17-
親会社株主に帰属する当期純利益80,961126,78812,96435,22662,220112,57121,44344,87968,679122,08713,23830,65282,000
前期比105.6%140.0%65.6%79.8%76.9%88.8%165.4%127.4%110.4%108.5%61.7%68.3%67.2%
%7.5%8.0%4.1%5.0%5.7%6.8%6.1%5.9%5.8%7.0%4.9%5.2%5.4%
 
EBITDA114,738188,90815,28151,65485,437161,17825,90764,68292,999177,64017,51749,325-
EPS565.4円565.4円509.1円516.1円516.1円516.1円572.0円577.8円577.8円577.8円580.4円585.4円268.5円
BPS2,797.5円2,975.0円2,962.8円3,038.1円3,005.3円3,302.9円3,240.4円3,413.4円3,492.5円3,550.0円3,560.6円3,625.0円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)1,610,0001,610,0001,590,0001,590,0001,590,0001,590,0001,740,0001,740,0001,740,0001,740,0001,450,0001,450,0001,530,000
対実績比67.3%98.5%20.0%44.3%69.0%103.8%20.1%44.0%67.5%100.7%18.5%41.0%-
営業利益(期初予)125,000125,000131,000131,000131,000131,000148,000148,000148,000148,00081,00081,000120,000
対実績比91.8%145.5%11.7%36.6%65.2%117.0%17.5%40.4%62.8%113.3%21.6%54.8%-
純利益(期初予)87,00087,00091,00091,00091,00091,000103,000103,000103,000103,00056,00056,00082,000
対実績比93.1%145.7%14.2%38.7%68.4%123.7%20.8%43.6%66.7%118.5%23.6%54.7%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価5,610円5,400円6,110円5,180円4,705円5,140円3,915円4,185円4,545円3,305円3,920円3,550円-
企業価値1,018,8191,037,899927,343780,025785,546978,359604,311764,437840,510424,281634,970577,266-
時価総額1,258,0801,210,9611,370,1771,145,3811,026,2711,121,148853,945884,342960,415698,381824,571740,306-
純有利子負債-173,062-442,834-365,356-240,725-142,789-249,634-210,114-119,905-72,303-274,100-189,601-163,040-
PER(会予)13.0倍12.5倍15.1倍12.6倍10.7倍11.7倍8.3倍8.6倍8.8倍6.4倍14.7倍13.2倍-
PBR2.1倍1.9倍2.1倍1.7倍1.5倍1.7倍1.2倍1.2倍1.3倍0.9倍1.1倍1.0倍-
PER × PBR27.8倍24.1倍30.9倍22.0倍16.6倍20.0倍9.8倍10.5倍11.7倍6.0倍16.2倍12.9倍-
EV/EBITDA(会予)7.0倍7.1倍6.7倍5.7倍5.5倍6.8倍3.9倍4.9倍5.2倍2.6倍7.0倍6.4倍-
PSR(会予)0.8倍0.8倍0.9倍0.7倍0.6倍0.7倍0.5倍0.5倍0.6倍0.4倍0.6倍0.5倍-
PCFR(会予)12.2倍11.7倍14.0倍11.7倍10.0倍10.9倍7.7倍8.0倍8.2倍5.9倍12.5倍11.2倍-
配当金-125.0円---130.0円---130.0円--130.0円
配当利回り1.8%1.9%2.0%2.4%2.7%2.4%3.3%3.1%2.9%3.9%3.3%3.7%-
配当性向-22.1%---25.2%---22.5%---
自己資本配当率3.0%2.9%4.4%4.3%4.3%3.9%4.0%3.8%3.7%3.7%3.7%3.6%-
ROE20.2%19.0%17.2%17.0%17.2%15.6%17.7%16.9%16.5%16.3%16.3%16.2%-
純利益率(再掲)7.5%8.0%4.1%5.0%5.7%6.8%6.1%5.9%5.8%7.0%4.9%5.2%-
総資産回転率0.9回0.8回0.9回1.0回1.0回0.9回1.0回1.0回1.0回0.9回1.0回1.0回-
財務レバレッジ2.8倍2.9倍2.7倍2.6倍2.5倍2.6倍2.5倍2.4倍2.4倍2.5倍2.3倍2.2倍-
実質ROE20.2%19.0%16.7%16.1%16.2%14.9%16.3%15.5%15.2%15.0%14.9%14.7%-
ROIC14.8%13.9%12.0%12.0%12.1%11.2%12.7%12.4%12.2%12.0%11.7%12.0%-
ROA7.2%6.6%6.5%6.6%6.7%6.1%7.0%6.9%6.8%6.5%7.1%7.2%-
β0.410.500.290.300.430.440.460.500.520.630.690.81-
βの決定係数(R2)0.080.130.050.050.120.120.120.150.160.240.290.38-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金402,061687,456586,691452,833353,646467,750422,632324,614276,017482,722425,440369,176-
売上債権000000000000-
棚卸資産00055,30200069,85800088,149-
有価証券-------------
前払金-------------
繰延税金資産-24,776-----------
貸倒引当金-130-173-84-86-482-121-88-99-108-166-73-77-
流動資産1,179,9951,327,4861,149,6941,098,8081,090,7451,200,4361,141,1011,130,7951,157,9171,299,0221,134,9791,098,616-
固定資産
建物・構築物-136,975---152,138---146,673---
機械・運搬具-56,172---60,379---60,616---
土地-119,963---135,938---120,572---
建設仮勘定-1,523---1,255---684---
有形固定資産175,163188,397181,660181,165181,060219,745219,160219,282216,953204,400205,293205,463-
のれん-------------
無形固定資産5,84811,55312,05012,25012,49413,02713,22913,06013,08914,28814,41414,563-
投資有価証券349,272337,382353,491360,742334,856367,626332,021357,196368,836317,621322,429316,524-
繰延税金資産-6,557---3,914-------
貸倒引当金-1,846-1,753-1,789-1,816-1,770-1,768-1,505-1,507-1,525-1,510-1,490-1,464-
敷金および保証金-------------
投資その他の資産392,754383,159397,229404,830384,819412,965380,699402,802414,363372,283376,616372,837-
固定資産573,765583,110590,940598,246578,374645,739613,089635,145644,407590,972596,323592,863-
総資産1,753,7611,910,5971,740,6351,697,0551,669,1201,846,1761,754,1901,765,9411,802,3241,889,9951,731,3031,691,480-
 
負債
有利子負債合計228,999244,622221,335212,108210,857218,116212,518204,709203,714208,622235,839206,136-
仕入債務450,082509,576433,420404,000427,422507,335460,101423,963477,021491,569344,035298,618-
前受金-------------
未払法人税等-30,843-17,798-18,981-21,510-31,955---
繰延税金負債(固定)-1,430---6,199-------
負債1,124,5311,241,5771,083,6681,032,5241,011,6861,123,7851,060,4791,042,5011,062,1181,136,080978,694931,864-
 
純資産
資本金122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742-
資本剰余金60,19860,19960,19960,19960,19860,19860,19860,19860,19860,19860,19860,198-
利益剰余金334,618382,462378,607400,870414,776465,127471,871495,251504,275556,304555,809573,223-
自己株式-1,487-1,490-20,664-37,493-37,498-37,503-57,171-65,507-65,511-65,515-69,189-75,909-
非支配株主持分1,8891,8671,8451,8521,9191,9672,1232,1532,2063,7573,6413,660-
純資産629,229669,019656,967664,531657,433722,390693,711723,440740,205753,915752,609759,615-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益117,230182,29718,87751,87290,865160,77731,04365,15399,078174,78519,10145,576-
減価償却費-7,049-3,652-7,855-4,830-9,885-4,928-
のれん償却額-------------
減損損失3733,631---339--1,1201,337---
受取利息及び受取配当金--4,332--2,320--4,526--2,675--5,221--2,744-
売上債権の増減額--21,537--3,273--99,706--41,888--72,326-140,568-
棚卸資産の増減額-------------
仕入債務の増減額-85,141--106,414--3,127--83,878--16,382--192,852-
営業CF-207,020--145,663--71,028--89,858-77,475--80,453-
投資CF
有価証券の取得0-6,1710-6,3020-17,3620-4,2620-15,0040-606-
有価証券の売却・償還02,04001,27002,116013,606014,7890538-
固定資産の購入0-9,3540-5,6350-46,6450-7,4290-12,9910-7,333-
固定資産の売却059109,44609,4780444023,435032-
貸付け-------------
貸付金の回収-------------
投資CF--11,852--31,171--82,288-31,947-33,260--7,715-
財務CF
短期借入金の純増減額----13,097----1,608----5,166-
長期借入れ-44,850---12,600-12,000-23,100---
長期借入金の返済--43,404--8,722--19,725--23,104--31,027--16,669-
社債の発行-19,968---------19,882-
社債の償還--10,000--10,000--10,000-------
自己株式の取得--25,047--36,002--36,013--28,004--28,013--10,393-
自己株式の売却-------------
配当金の支払--24,956--16,818--29,906--15,268--29,003--13,735-
財務CF--41,682--88,243--96,197--55,981--66,647--26,263-
換算差額--926--43--246--499-243--230-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額09,35405,635046,64507,429012,99107,333-
研究開発費-----12,400---13,500---
発行済株式総数224,252,063株224,251,532株221,116,103株218,123,426株218,122,273株218,121,340株213,428,002株211,312,397株211,311,464株211,310,493株210,349,649株208,536,782株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-14,032人---14,433人---14,562人---
売上/従業員(千円)-112,992---114,382---120,267---
営利/従業員(千円)-12,960---10,623---11,520---
四半期売上(百万円)
売上5y CAGR・予想:0.7 %
四半期利益(百万円)
営利5y CAGR・予想:-3.9 %
純利5y CAGR・予想:-2.5 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上397,635502,512318,218386,433392,857553,369349,621416,793408,276576,640268,784325,2901,530,000
前期比106.7%107.3%99.4%105.8%98.8%110.1%109.9%107.9%103.9%104.2%76.9%78.0%87.4%
売上原価326,206410,337282,023333,015334,366460,013303,432361,891353,421473,909231,897277,282-
売上総利益71,42992,17536,19553,41858,49193,35546,18854,90354,855102,73136,88748,008-
%18.0%18.3%11.4%13.8%14.9%16.9%13.2%13.2%13.4%17.8%13.7%14.8%-
販管費19,93825,05420,91320,69721,05625,47020,28120,95721,70827,97519,36921,129-
営業利益51,49167,12115,28132,72137,43567,88625,90733,94533,14774,75617,51726,880120,000
前期比99.2%184.3%57.5%89.2%72.7%101.1%169.5%103.7%88.5%110.1%67.6%79.2%71.5%
%12.9%13.4%4.8%8.5%9.5%12.3%7.4%8.1%8.1%13.0%6.5%8.3%7.8%
受取利息および受取配当金001,8310002,0820002,0250-
持分法による投資利益01,003-001,283-001,069-0-
営業外収益1,6051,1702,6557822,0511,3022,6149142,0181,6352,933663-
支払利息415362358319305295297295263256257264-
持分法による投資損失00-000-000-0-
営業外費用138571485690456547545374326344413300-
経常利益52,95967,72017,45132,81239,03268,64127,97634,48434,84076,04720,03727,242123,000
固定資産売却益71471,593333200521,179-0-
投資有価証券売却益120578-4081054385-443496149101-
特別利益1368431,679262911,6903,4821071,312149105-
固定資産売却損00-000-000-0-
投資有価証券売却損03-0910411335-3191,0751,05367-
減損損失03,258-00339-01,120217-0-
特別損失1903,496253791304194143859221,6531,084872-
税引前利益52,90565,06718,87732,99538,99369,91231,04334,11033,92575,70719,10126,475-
法人税等16,10119,2705,90810,71411,95219,5019,58910,64310,07422,2945,8789,064-
%30.4%29.6%31.3%32.5%30.7%27.9%30.9%31.2%29.7%29.4%30.8%34.2%-
当期純利益36,80545,79712,96822,28127,04150,41121,45423,46623,85253,41213,22317,411-
非支配株主に帰属する当期純利益1-2941847601031514-15-2-
親会社株主に帰属する当期純利益36,80345,82712,96422,26226,99450,35121,44323,43623,80053,40813,23817,41482,000
前期比88.8%329.3%65.6%91.2%73.3%109.9%165.4%105.3%88.2%106.1%61.7%74.3%67.2%
%9.3%9.1%4.1%5.8%6.9%9.1%6.1%5.6%5.8%9.3%4.9%5.4%5.4%
 
EBITDA114,738188,90815,28151,65485,437161,17825,90764,68292,999177,64017,51749,325-
EPS565.4円565.4円509.1円516.1円516.1円516.1円572.0円577.8円577.8円577.8円580.4円585.4円268.5円
BPS2,797.5円2,975.0円2,962.8円3,038.1円3,005.3円3,302.9円3,240.4円3,413.4円3,492.5円3,550.0円3,560.6円3,625.0円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)1,610,0001,610,0001,590,0001,590,0001,590,0001,590,0001,740,0001,740,0001,740,0001,740,0001,450,0001,450,0001,530,000
対実績比67.3%98.5%20.0%44.3%69.0%103.8%20.1%44.0%67.5%100.7%18.5%41.0%-
営業利益(期初予)125,000125,000131,000131,000131,000131,000148,000148,000148,000148,00081,00081,000120,000
対実績比91.8%145.5%11.7%36.6%65.2%117.0%17.5%40.4%62.8%113.3%21.6%54.8%-
純利益(期初予)87,00087,00091,00091,00091,00091,000103,000103,000103,000103,00056,00056,00082,000
対実績比93.1%145.7%14.2%38.7%68.4%123.7%20.8%43.6%66.7%118.5%23.6%54.7%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価5,610円5,400円6,110円5,180円4,705円5,140円3,915円4,185円4,545円3,305円3,920円3,550円-
企業価値1,018,8191,037,899927,343780,025785,546978,359604,311764,437840,510424,281634,970577,266-
時価総額1,258,0801,210,9611,370,1771,145,3811,026,2711,121,148853,945884,342960,415698,381824,571740,306-
純有利子負債-173,062-442,834-365,356-240,725-142,789-249,634-210,114-119,905-72,303-274,100-189,601-163,040-
PER(会予)13.0倍12.5倍15.1倍12.6倍10.7倍11.7倍8.3倍8.6倍8.8倍6.4倍14.7倍13.2倍-
PBR2.1倍1.9倍2.1倍1.7倍1.5倍1.7倍1.2倍1.2倍1.3倍0.9倍1.1倍1.0倍-
PER × PBR27.8倍24.1倍30.9倍22.0倍16.6倍20.0倍9.8倍10.5倍11.7倍6.0倍16.2倍12.9倍-
EV/EBITDA(会予)7.0倍7.1倍6.7倍5.7倍5.5倍6.8倍3.9倍4.9倍5.2倍2.6倍7.0倍6.4倍-
PSR(会予)0.8倍0.8倍0.9倍0.7倍0.6倍0.7倍0.5倍0.5倍0.6倍0.4倍0.6倍0.5倍-
PCFR(会予)12.2倍11.7倍14.0倍11.7倍10.0倍10.9倍7.7倍8.0倍8.2倍5.9倍12.5倍11.2倍-
配当金-125.0円---130.0円---130.0円--130.0円
配当利回り1.8%1.9%2.0%2.4%2.7%2.4%3.3%3.1%2.9%3.9%3.3%3.7%-
配当性向-22.1%---25.2%---22.5%---
自己資本配当率3.0%2.9%4.4%4.3%4.3%3.9%4.0%3.8%3.7%3.7%3.7%3.6%-
ROE20.2%19.0%17.2%17.0%17.2%15.6%17.7%16.9%16.5%16.3%16.3%16.2%-
純利益率(再掲)7.5%8.0%4.1%5.0%5.7%6.8%6.1%5.9%5.8%7.0%4.9%5.2%-
総資産回転率0.9回0.8回0.9回1.0回1.0回0.9回1.0回1.0回1.0回0.9回1.0回1.0回-
財務レバレッジ2.8倍2.9倍2.7倍2.6倍2.5倍2.6倍2.5倍2.4倍2.4倍2.5倍2.3倍2.2倍-
実質ROE20.2%19.0%16.7%16.1%16.2%14.9%16.3%15.5%15.2%15.0%14.9%14.7%-
ROIC14.8%13.9%12.0%12.0%12.1%11.2%12.7%12.4%12.2%12.0%11.7%12.0%-
ROA7.2%6.6%6.5%6.6%6.7%6.1%7.0%6.9%6.8%6.5%7.1%7.2%-
β0.410.500.290.300.430.440.460.500.520.630.690.81-
βの決定係数(R2)0.080.130.050.050.120.120.120.150.160.240.290.38-
財務レバレッジ(百万円)
利益剰余金(百万円)
設備投資(百万円)
B/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金402,061687,456586,691452,833353,646467,750422,632324,614276,017482,722425,440369,176-
売上債権000000000000-
棚卸資産00055,30200069,85800088,149-
有価証券-------------
前払金-------------
繰延税金資産-24,776-----------
貸倒引当金-130-173-84-86-482-121-88-99-108-166-73-77-
流動資産1,179,9951,327,4861,149,6941,098,8081,090,7451,200,4361,141,1011,130,7951,157,9171,299,0221,134,9791,098,616-
固定資産
建物・構築物-136,975---152,138---146,673---
機械・運搬具-56,172---60,379---60,616---
土地-119,963---135,938---120,572---
建設仮勘定-1,523---1,255---684---
有形固定資産175,163188,397181,660181,165181,060219,745219,160219,282216,953204,400205,293205,463-
のれん-------------
無形固定資産5,84811,55312,05012,25012,49413,02713,22913,06013,08914,28814,41414,563-
投資有価証券349,272337,382353,491360,742334,856367,626332,021357,196368,836317,621322,429316,524-
繰延税金資産-6,557---3,914-------
貸倒引当金-1,846-1,753-1,789-1,816-1,770-1,768-1,505-1,507-1,525-1,510-1,490-1,464-
敷金および保証金-------------
投資その他の資産392,754383,159397,229404,830384,819412,965380,699402,802414,363372,283376,616372,837-
固定資産573,765583,110590,940598,246578,374645,739613,089635,145644,407590,972596,323592,863-
総資産1,753,7611,910,5971,740,6351,697,0551,669,1201,846,1761,754,1901,765,9411,802,3241,889,9951,731,3031,691,480-
 
負債
有利子負債合計228,999244,622221,335212,108210,857218,116212,518204,709203,714208,622235,839206,136-
仕入債務450,082509,576433,420404,000427,422507,335460,101423,963477,021491,569344,035298,618-
前受金-------------
未払法人税等-30,843-17,798-18,981-21,510-31,955---
繰延税金負債(固定)-1,430---6,199-------
負債1,124,5311,241,5771,083,6681,032,5241,011,6861,123,7851,060,4791,042,5011,062,1181,136,080978,694931,864-
 
純資産
資本金122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742122,742-
資本剰余金60,19860,19960,19960,19960,19860,19860,19860,19860,19860,19860,19860,198-
利益剰余金334,618382,462378,607400,870414,776465,127471,871495,251504,275556,304555,809573,223-
自己株式-1,487-1,490-20,664-37,493-37,498-37,503-57,171-65,507-65,511-65,515-69,189-75,909-
非支配株主持分1,8891,8671,8451,8521,9191,9672,1232,1532,2063,7573,6413,660-
純資産629,229669,019656,967664,531657,433722,390693,711723,440740,205753,915752,609759,615-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益117,230182,29718,87751,87290,865160,77731,04365,15399,078174,78519,10145,576-
減価償却費-7,049-3,652-7,855-4,830-9,885-4,928-
のれん償却額-------------
減損損失03,258-00339-01,120217-0-
受取利息及び受取配当金--4,332--2,320--4,526--2,675--5,221--2,744-
売上債権の増減額--21,537--3,273--99,706--41,888--72,326-140,568-
棚卸資産の増減額-------------
仕入債務の増減額-85,141--106,414--3,127--83,878--16,382--192,852-
営業CF-207,020--145,663--71,028--89,858-77,475--80,453-
投資CF
有価証券の取得0-6,1710-6,3020-17,3620-4,2620-15,0040-606-
有価証券の売却・償還02,04001,27002,116013,606014,7890538-
固定資産の購入0-9,3540-5,6350-46,6450-7,4290-12,9910-7,333-
固定資産の売却059109,44609,4780444023,435032-
貸付け-------------
貸付金の回収-------------
投資CF--11,852--31,171--82,288-31,947-33,260--7,715-
財務CF
短期借入金の純増減額----13,097----1,608----5,166-
長期借入れ-44,850---12,600-12,000-23,100---
長期借入金の返済--43,404--8,722--19,725--23,104--31,027--16,669-
社債の発行-19,968---------19,882-
社債の償還--10,000--10,000--10,000-------
自己株式の取得--25,047--36,002--36,013--28,004--28,013--10,393-
自己株式の売却-------------
配当金の支払--24,956--16,818--29,906--15,268--29,003--13,735-
財務CF--41,682--88,243--96,197--55,981--66,647--26,263-
換算差額--926--43--246--499-243--230-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額09,35405,635046,64507,429012,99107,333-
研究開発費-----12,400---13,500---
発行済株式総数224,252,063株224,251,532株221,116,103株218,123,426株218,122,273株218,121,340株213,428,002株211,312,397株211,311,464株211,310,493株210,349,649株208,536,782株-
従業員数(人)
従業員ひとりあたり営業利益(百万円)
従業員
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-14,032人---14,433人---14,562人---
売上/従業員(千円)-112,992---114,382---120,267---
営利/従業員(千円)-12,960---10,623---11,520---