通期売上(百万円)
売上5y CAGR・予想:-1.3 %
通期利益(百万円)
営利5y CAGR・予想:-10.5 %
純利5y CAGR・予想:-11.4 %
P/L
2018.32019.32020.32021.3E
売上1,519,4351,664,9601,698,292-
前期比96.9%109.6%102.0%-
売上原価1,316,0181,448,3151,472,622-
売上総利益203,417216,645225,670-
%13.4%13.0%13.3%-
販管費82,04386,92191,775-
営業利益121,373129,724133,894-
前期比94.2%106.9%103.2%-
%8.0%7.8%7.9%-
受取利息および受取配当金6,0796,5557,517-
持分法による投資利益----
営業外収益8,0728,14310,269-
支払利息2,4522,4182,244-
持分法による投資損失----
営業外費用5,3153,9096,178-
経常利益124,130133,957137,986-
固定資産売却益6,2559,3427,581-
投資有価証券売却益----
特別利益6,2559,3427,581-
固定資産売却損278508-
投資有価証券売却損552794-
減損損失--2,915-
特別損失2,058814,217-
税引前利益128,326143,219141,349-
法人税等43,18843,11342,230-
%33.7%30.1%29.9%-
当期純利益85,137100,10599,119-
非支配株主に帰属する当期純利益159436141-
親会社株主に帰属する当期純利益84,97899,66898,977-
前期比85.9%117.3%99.3%-
%5.6%6.0%5.8%-
 
EBITDA133,772143,028147,527-
EPS108.3円127.0円129.7円124.5円
BPS829.6円929.7円957.6円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,600,0001,790,0001,760,000-
対実績比95.0%93.0%96.5%-
営業利益(期初予)96,500123,000132,000-
対実績比125.8%105.5%101.4%-
純利益(期初予)69,00091,00095,000-
対実績比123.2%109.5%104.2%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価951円962円845円-
企業価値910,078902,504632,983-
時価総額746,111754,738644,614-
純有利子負債92,444117,199-11,631-
PER(会予)10.8倍8.3倍6.8倍-
PBR1.2倍1.1倍0.9倍-
PER × PBR12.7倍9.3倍6.0倍-
EV/EBITDA(会予)8.4倍6.7倍4.3倍-
PSR(会予)0.5倍0.4倍0.4倍-
PCFR(会予)9.2倍7.3倍5.9倍-
配当金26.0円36.0円38.0円36.0円
配当利回り2.7%2.7%4.5%-
配当性向24.0%28.3%29.3%-
自己資本配当率3.1%3.9%4.0%-
ROE13.1%13.7%13.5%-
純利益率(再掲)5.6%6.0%5.8%-
総資産回転率0.9回0.9回0.9回-
財務レバレッジ2.7倍2.6倍2.6倍-
実質ROE13.0%13.6%13.2%-
ROIC8.3%8.7%8.6%-
ROA4.8%5.4%5.2%-
β0.780.780.88-
βの決定係数(R2)0.230.290.43-
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196,158150,978351,722-
売上債権000-
棚卸資産20,39325,7554,128-
有価証券145,15079,0001,020-
前払金----
繰延税金資産16,197---
貸倒引当金-867-1,060-775-
流動資産1,104,5781,145,9011,145,908-
固定資産
建物・構築物181,675184,009256,177-
機械・運搬具62,83066,72173,105-
土地157,173165,454207,472-
建設仮勘定6,01434,53231,645-
有形固定資産265,790299,847408,440-
のれん----
無形固定資産6,0817,94812,091-
投資有価証券387,102387,746319,598-
繰延税金資産2,1872,563--
貸倒引当金-2,067-1,983-1,957-
敷金および保証金----
投資その他の資産404,492407,095338,493-
固定資産676,365714,892759,025-
総資産1,780,9431,860,7941,904,934-
 
負債
有利子負債合計288,602268,177340,091-
仕入債務377,469354,466319,164-
前受金----
未払法人税等20,89731,60925,637-
繰延税金負債(固定)26,88724,781--
負債1,124,6131,125,5511,168,521-
 
純資産
資本金74,36574,36574,365-
資本剰余金43,11643,11643,116-
利益剰余金366,805443,802510,873-
自己株式-1,606-1,609-21,613-
非支配株主持分5,4785,8265,932-
純資産656,330735,242736,412-
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128,326143,219141,349-
減価償却費12,39913,30413,633-
のれん償却額----
減損損失--2,915-
受取利息及び受取配当金-6,080-6,556-7,518-
売上債権の増減額-54,380-137,95294,665-
棚卸資産の増減額20,6006,20622,306-
仕入債務の増減額-13,101-22,559-35,504-
営業CF82,879-14,933170,557-
投資CF
有価証券の取得-6,906-4,686-6,173-
有価証券の売却・償還8,82414,86817,301-
固定資産の購入-30,640-58,719-123,904-
固定資産の売却262184144-
貸付け----
貸付金の回収----
投資CF-30,938-52,652-115,745-
財務CF
短期借入金の純増減額9,820-6,282-9,116-
長期借入れ9,50016,50039,450-
長期借入金の返済-22,848-22,035-18,793-
社債の発行20,000-30,000-
社債の償還-15,000-10,000-20,000-
自己株式の取得--3-20,003-
自己株式の売却----
配当金の支払-24,362-22,790-31,906-
財務CF-26,124-42,40468,732-
換算差額-460-1,190-799-
その他
2018.32019.32020.32021.3E
設備投資額-58,800124,300-
研究開発費8,4918,72410,296-
発行済株式総数784,553,510株784,550,407株762,856,409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16,024人16,184人16,297人-
売上/従業員(千円)94,822102,877104,209-
営利/従業員(千円)7,5748,0168,216-
四半期売上(百万円)
売上5y CAGR・予想:-1.3 %
四半期利益(百万円)
営利5y CAGR・予想:-10.5 %
純利5y CAGR・予想:-11.4 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上685,0661,049,7321,519,435357,176729,6751,150,6111,664,960411,126834,8501,238,7761,698,292314,2391,485,000
前期比96.2%95.5%96.9%105.0%106.5%109.6%109.6%115.1%114.4%107.7%102.0%76.4%87.4%
売上原価596,882914,5601,316,018317,380640,1931,011,4281,448,315362,640730,4711,078,0471,472,622281,153-
売上総利益88,183135,172203,41739,79589,482139,182216,64548,485104,379160,728225,67033,086-
%12.9%12.9%13.4%11.1%12.3%12.1%13.0%11.8%12.5%13.0%13.3%10.5%-
販管費38,18858,51382,04319,90940,17561,10786,92120,68042,00063,67091,77519,557-
営業利益49,99476,658121,37319,88649,30678,074129,72427,80562,37997,057133,89413,52882,500
前期比96.6%87.1%94.2%75.2%98.6%101.8%106.9%139.8%126.5%124.3%103.2%48.7%61.6%
%7.3%7.3%8.0%5.6%6.8%6.8%7.8%6.8%7.5%7.8%7.9%4.3%5.6%
受取利息および受取配当金3,2615,5416,0793,0503,5945,9816,5553,0913,5867,0247,5172,853-
持分法による投資利益-------------
営業外収益4,6967,8878,0723,3914,3867,5768,1433,9274,8249,01310,2695,072-
支払利息1,2721,8922,4525911,1941,8542,4185311,0611,6252,244716-
持分法による投資損失-------------
営業外費用2,0862,9735,3159501,7462,7723,9091,0641,9312,5486,1781,044-
経常利益52,60481,572124,13022,32851,94682,878133,95730,66865,272103,522137,98617,55784,000
固定資産売却益6,1526,2496,2551,8623,2243,3039,3426,9317,2537,5797,581137-
投資有価証券売却益-------------
特別利益6,1526,2496,2551,8623,2243,3039,3426,9317,2537,5797,581137-
固定資産売却損2229151578-1051185086-
投資有価証券売却損--55--02561754789794481-
減損損失----------2,915--
特別損失222,05891516815618599074,2174,442-
税引前利益58,75587,819128,32624,18155,15586,165143,21937,03871,666110,195141,34913,251-
法人税等20,50429,98743,1888,53318,55728,52043,11312,94224,25136,39842,2305,007-
%34.9%34.1%33.7%35.3%33.6%33.1%30.1%34.9%33.8%33.0%29.9%37.8%-
当期純利益38,25057,83285,13715,64736,59857,644100,10524,09547,41573,79699,1198,244-
非支配株主に帰属する当期純利益-5-8159-1036142436-189-279-57141-4-
親会社株主に帰属する当期純利益38,25657,84084,97815,65836,56157,50299,66824,28447,69473,85398,9778,24961,000
前期比109.1%85.7%85.9%70.0%95.6%99.4%117.3%155.1%130.5%128.4%99.3%34.0%61.6%
%5.6%5.5%5.6%4.4%5.0%5.0%6.0%5.9%5.7%6.0%5.8%2.6%4.1%
 
EBITDA55,85576,658133,77219,88655,70178,074143,02827,80568,84097,057147,52713,528-
EPS108.3円108.3円108.3円127.0円127.0円127.0円127.0円126.2円129.0円129.3円129.7円129.7円0.0円
BPS772.2円809.3円829.6円845.6円881.1円855.7円929.7円915.8円964.2円986.8円957.6円960.2円-
期初会社予想
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上高(期初予)1,600,0001,600,0001,600,0001,790,0001,790,0001,790,0001,790,0001,760,0001,760,0001,760,0001,760,000-1,485,000
対実績比42.8%65.6%95.0%20.0%40.8%64.3%93.0%23.4%47.4%70.4%96.5%--
営業利益(期初予)96,50096,50096,500123,000123,000123,000123,000132,000132,000132,000132,000-82,500
対実績比51.8%79.4%125.8%16.2%40.1%63.5%105.5%21.1%47.3%73.5%101.4%--
純利益(期初予)69,00069,00069,00091,00091,00091,00091,00095,00095,00095,00095,000-61,000
対実績比55.4%83.8%123.2%17.2%40.2%63.2%109.5%25.6%50.2%77.7%104.2%--
配当
ROEデュポン分解
β
マルチプル
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
株価1,247円1,164円951円1,149円1,037円895円962円895円978円1,116円845円885円-
企業価値1,144,9551,088,153910,078993,896970,482852,915902,504819,372868,156974,009632,983829,506-
時価総額978,344913,223746,111901,452813,581702,174754,738702,173750,176856,029644,614675,128-
純有利子負債174,930163,96792,444156,901150,741147,766117,199108,080117,980113,038-11,631154,378-
PER(会予)14.2倍13.2倍10.8倍9.9倍8.9倍7.7倍8.3倍7.4倍7.9倍9.0倍6.8倍--
PBR1.7倍1.5倍1.2倍1.4倍1.2倍1.0倍1.1倍1.0倍1.0倍1.2倍0.9倍0.9倍-
PER × PBR23.5倍20.0倍12.7倍13.7倍11.0倍7.8倍9.3倍7.1倍8.0倍10.4倍6.0倍--
EV/EBITDA(会予)10.6倍10.1倍8.4倍7.3倍7.2倍6.3倍6.7倍5.6倍6.0倍6.7倍4.3倍--
PSR(会予)0.6倍0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍0.5倍0.4倍--
PCFR(会予)12.1倍11.3倍9.2倍8.7倍7.9倍6.8倍7.3倍6.5倍6.9倍7.9倍5.9倍49.5倍-
配当金--26.0円---36.0円---38.0円-0.0円
配当利回り2.1%2.2%2.7%2.3%2.5%2.9%2.7%4.0%3.7%3.2%4.5%4.3%-
配当性向--24.0%---28.3%---29.3%--
自己資本配当率3.4%3.2%3.1%4.3%4.1%4.2%3.9%4.1%3.9%3.9%4.0%4.0%-
ROE14.0%13.4%13.1%15.0%14.4%14.8%13.7%13.8%13.4%13.1%13.5%13.5%-
純利益率(再掲)5.6%5.5%5.6%4.4%5.0%5.0%6.0%5.9%5.7%6.0%5.8%2.6%-
総資産回転率0.9回0.9回0.9回0.9回0.9回0.9回0.9回1.0回0.9回0.9回0.9回1.0回-
財務レバレッジ2.7倍2.7倍2.7倍2.7倍2.6倍2.6倍2.6倍2.5倍2.5倍2.4倍2.6倍2.4倍-
実質ROE14.0%13.4%13.0%15.0%14.4%14.8%13.6%13.7%13.1%12.8%13.2%13.1%-
ROIC8.7%8.4%8.3%9.0%8.9%9.1%8.7%9.3%9.1%8.9%8.6%8.7%-
ROA5.1%5.0%4.8%5.5%5.6%5.7%5.4%5.6%5.4%5.4%5.2%5.6%-
β0.780.650.780.530.590.730.780.740.770.800.880.84-
βの決定係数(R2)0.220.160.230.130.150.250.290.290.330.360.430.45-
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.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
流動資産
現金115,332127,936196,158138,838131,556131,241150,978154,025154,209159,185351,722162,992-
売上債権000000000000-
棚卸資産22,63923,07920,39322,99125,07928,94525,7556,8956,8704,7154,1282,862-
有価証券184,150127,150145,150251,000141,00066,00079,000166,000150,00065,0201,020196,020-
前払金-------------
繰延税金資産--16,197----------
貸倒引当金-799-792-867-807-820-879-1,060-946-926-928-775-651-
流動資産1,004,7621,029,8411,104,5781,111,0361,059,9121,077,1181,145,9011,076,5611,082,6581,047,0931,145,908983,072-
固定資産
建物・構築物--181,675---184,009---256,177--
機械・運搬具--62,830---66,721---73,105--
土地--157,173---165,454--203,396207,472219,216-
建設仮勘定--6,014---34,532---31,645--
有形固定資産249,901254,664265,790273,031277,873283,623299,847314,270356,735374,002408,440426,684-
のれん-------------
無形固定資産4,8445,4856,0816,1496,6727,3377,9487,7769,56511,39112,09113,979-
投資有価証券380,120403,566387,102401,128409,278366,146387,746361,145376,335381,927319,598333,247-
繰延税金資産--2,187---2,563------
貸倒引当金-2,128-2,116-2,067-2,056-2,044-2,033-1,983-1,981-1,985-1,977-1,957-1,954-
敷金および保証金-------------
投資その他の資産397,065420,251404,492417,599428,925385,780407,095380,235395,094400,363338,493351,787-
固定資産651,811680,402676,365696,781713,471676,742714,892702,282761,396785,757759,025792,452-
総資産1,656,5741,710,2441,780,9431,807,8171,773,3841,753,8601,860,7941,778,8431,844,0551,832,8501,904,9341,775,524-
 
負債
有利子負債合計290,262291,903288,602295,739282,297279,007268,177262,105272,189272,223340,091317,370-
仕入債務330,014334,174377,469352,253275,907300,398354,466311,882315,573311,465319,164253,786-
前受金-------------
未払法人税等20,377-20,897-19,418-31,609-24,612-25,637--
繰延税金負債(固定)--26,887---24,781------
負債1,045,6531,070,1491,124,6131,138,9931,076,6991,076,9591,125,5511,054,7651,098,9831,071,6661,168,5211,037,317-
 
純資産
資本金74,36574,36574,36574,36574,36574,36574,36574,36574,36574,36574,36574,365-
資本剰余金43,11643,11643,11643,11643,11643,11643,11643,11643,11643,11643,11643,116-
利益剰余金327,941339,666366,805369,889390,792401,516443,802450,011473,421485,749510,873503,838-
自己株式-1,603-1,605-1,606-1,607-1,608-1,609-1,609-1,610-17,156-18,655-21,613-21,613-
非支配株主持分5,1195,1895,4785,4025,3775,5955,8265,5855,5065,7675,9325,676-
純資産610,921640,094656,330668,824696,684676,901735,242724,078745,071761,183736,412738,207-
キャッシュフロー(百万円)
C/S
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
営業CF
税金等調整前当期純利益58,75587,819128,32624,18155,15586,165143,21937,03871,666110,195141,34913,251-
減価償却費5,861-12,399-6,395-13,304-6,461-13,633--
のれん償却額-------------
減損損失----------2,915--
受取利息及び受取配当金-3,262--6,080--3,595--6,556--3,587--7,518--
売上債権の増減額63,232--54,380-2,699--137,952-111,966-94,665--
棚卸資産の増減額18,462-20,600--4,838-6,206-18,915-22,306--
仕入債務の増減額-59,277--13,101--100,141--22,559--37,867--35,504--
営業CF3,738-82,879--26,407--14,933-139,437-170,557--
投資CF
有価証券の取得-4,6810-6,9060-5700-4,6860-1,4490-6,1730-
有価証券の売却・償還8,32408,82405,106014,868014,806017,3010-
固定資産の購入-9,9280-30,6400-18,7370-58,7190-63,4770-123,9040-
固定資産の売却19802620190184013501440-
貸付け-------------
貸付金の回収-------------
投資CF-6,667--30,938--17,833--52,652--51,860--115,745--
財務CF
短期借入金の純増減額3-9,820-2,723--6,282-1,973--9,116--
長期借入れ4,699-9,500-550-16,500-2,600-39,450--
長期借入金の返済-11,573--22,848--10,039--22,035--9,788--18,793--
社債の発行10,000-20,000-----20,000-30,000--
社債の償還---15,000----10,000--10,000--20,000--
自己株式の取得-----1--3--15,547--20,003--
自己株式の売却-------------
配当金の支払-16,503--24,362--12,574--22,790--18,075--31,906--
財務CF-12,848--26,124--23,167--42,404--12,417-68,732--
換算差額-693--460--1,194--1,190--927--799--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額------58,800---124,300--
研究開発費--8,491---8,724---10,296--
発行済株式総数784,556,031株784,554,356株784,553,510株784,552,801株784,551,861株784,550,928株784,550,407株784,549,756株767,050,785株765,514,270株762,856,409株762,856,099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.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
従業員数--16,024人---16,184人---16,297人--
売上/従業員(千円)--94,822---102,877---104,209--
営利/従業員(千円)--7,574---8,016---8,216--
四半期売上(百万円)
売上5y CAGR・予想:-1.3 %
四半期利益(百万円)
営利5y CAGR・予想:-10.5 %
純利5y CAGR・予想:-11.4 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上344,949364,666469,703357,176372,499420,936514,349411,126423,724403,926459,516314,2391,485,000
前期比96.2%94.3%100.3%105.0%108.0%115.4%109.5%115.1%113.8%96.0%89.3%76.4%87.4%
売上原価302,227317,678401,458317,380322,813371,235436,887362,640367,831347,576394,575281,153-
売上総利益42,72146,98968,24539,79549,68749,70077,46348,48555,89456,34964,94233,086-
%12.4%12.9%14.5%11.1%13.3%11.8%15.1%11.8%13.2%14.0%14.1%10.5%-
販管費19,18720,32523,53019,90920,26620,93225,81420,68021,32021,67028,10519,557-
営業利益23,53326,66444,71519,88629,42028,76851,65027,80534,57434,67836,83713,52882,500
前期比79.1%73.4%109.6%75.2%125.0%107.9%115.5%139.8%117.5%120.5%71.3%48.7%61.6%
%6.8%7.3%9.5%5.6%7.9%6.8%10.0%6.8%8.2%8.6%8.0%4.3%5.6%
受取利息および受取配当金0003,0500003,0910002,853-
持分法による投資利益000-000-000--
営業外収益1,4093,1911853,3919953,1905673,9278974,1891,2565,072-
支払利息654620560591603660564531530564619716-
持分法による投資損失000-000-000--
営業外費用1,0138872,3429507961,0261,1371,0648676173,6301,044-
経常利益23,92928,96842,55822,32829,61830,93251,07930,66834,60438,25034,46417,55784,000
固定資産売却益2,0539761,8621,362796,0396,9313223262137-
投資有価証券売却益000-000-000--
特別利益2,0539761,8621,362796,0396,9313223262137-
固定資産売却損20096063-105133906-
投資有価証券売却損0055-002561193355481-
減損損失000-000-002,915--
特別損失202,05696165561298483,3104,442-
税引前利益25,98129,06440,50724,18130,97431,01057,05437,03834,62838,52931,15413,251-
法人税等10,0709,48313,2018,53310,0249,96314,59312,94211,30912,1475,8325,007-
%38.8%32.6%32.6%35.3%32.4%32.1%25.6%34.9%32.7%31.5%18.7%37.8%-
当期純利益15,91019,58227,30515,64720,95121,04642,46124,09523,32026,38125,3238,244-
非支配株主に帰属する当期純利益34-3167-1046106294-189-90222198-4-
親会社株主に帰属する当期純利益15,87719,58427,13815,65820,90320,94142,16624,28423,41026,15925,1248,24961,000
前期比77.5%60.3%86.4%70.0%131.7%106.9%155.4%155.1%112.0%124.9%59.6%34.0%61.6%
%4.6%5.4%5.8%4.4%5.6%5.0%8.2%5.9%5.5%6.5%5.5%2.6%4.1%
 
EBITDA55,85576,658133,77219,88655,70178,074143,02827,80568,84097,057147,52713,528-
EPS108.3円108.3円108.3円127.0円127.0円127.0円127.0円126.2円129.0円129.3円129.7円129.7円0.0円
BPS772.2円809.3円829.6円845.6円881.1円855.7円929.7円915.8円964.2円986.8円957.6円960.2円-
期初会社予想
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上高(期初予)1,600,0001,600,0001,600,0001,790,0001,790,0001,790,0001,790,0001,760,0001,760,0001,760,0001,760,000-1,485,000
対実績比42.8%65.6%95.0%20.0%40.8%64.3%93.0%23.4%47.4%70.4%96.5%--
営業利益(期初予)96,50096,50096,500123,000123,000123,000123,000132,000132,000132,000132,000-82,500
対実績比51.8%79.4%125.8%16.2%40.1%63.5%105.5%21.1%47.3%73.5%101.4%--
純利益(期初予)69,00069,00069,00091,00091,00091,00091,00095,00095,00095,00095,000-61,000
対実績比55.4%83.8%123.2%17.2%40.2%63.2%109.5%25.6%50.2%77.7%104.2%--
配当
ROEデュポン分解
β
マルチプル
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
株価1,247円1,164円951円1,149円1,037円895円962円895円978円1,116円845円885円-
企業価値1,144,9551,088,153910,078993,896970,482852,915902,504819,372868,156974,009632,983829,506-
時価総額978,344913,223746,111901,452813,581702,174754,738702,173750,176856,029644,614675,128-
純有利子負債174,930163,96792,444156,901150,741147,766117,199108,080117,980113,038-11,631154,378-
PER(会予)14.2倍13.2倍10.8倍9.9倍8.9倍7.7倍8.3倍7.4倍7.9倍9.0倍6.8倍--
PBR1.7倍1.5倍1.2倍1.4倍1.2倍1.0倍1.1倍1.0倍1.0倍1.2倍0.9倍0.9倍-
PER × PBR23.5倍20.0倍12.7倍13.7倍11.0倍7.8倍9.3倍7.1倍8.0倍10.4倍6.0倍--
EV/EBITDA(会予)10.6倍10.1倍8.4倍7.3倍7.2倍6.3倍6.7倍5.6倍6.0倍6.7倍4.3倍--
PSR(会予)0.6倍0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍0.5倍0.4倍--
PCFR(会予)12.1倍11.3倍9.2倍8.7倍7.9倍6.8倍7.3倍6.5倍6.9倍7.9倍5.9倍49.5倍-
配当金--26.0円---36.0円---38.0円-0.0円
配当利回り2.1%2.2%2.7%2.3%2.5%2.9%2.7%4.0%3.7%3.2%4.5%4.3%-
配当性向--24.0%---28.3%---29.3%--
自己資本配当率3.4%3.2%3.1%4.3%4.1%4.2%3.9%4.1%3.9%3.9%4.0%4.0%-
ROE14.0%13.4%13.1%15.0%14.4%14.8%13.7%13.8%13.4%13.1%13.5%13.5%-
純利益率(再掲)5.6%5.5%5.6%4.4%5.0%5.0%6.0%5.9%5.7%6.0%5.8%2.6%-
総資産回転率0.9回0.9回0.9回0.9回0.9回0.9回0.9回1.0回0.9回0.9回0.9回1.0回-
財務レバレッジ2.7倍2.7倍2.7倍2.7倍2.6倍2.6倍2.6倍2.5倍2.5倍2.4倍2.6倍2.4倍-
実質ROE14.0%13.4%13.0%15.0%14.4%14.8%13.6%13.7%13.1%12.8%13.2%13.1%-
ROIC8.7%8.4%8.3%9.0%8.9%9.1%8.7%9.3%9.1%8.9%8.6%8.7%-
ROA5.1%5.0%4.8%5.5%5.6%5.7%5.4%5.6%5.4%5.4%5.2%5.6%-
β0.780.650.780.530.590.730.780.740.770.800.880.84-
βの決定係数(R2)0.220.160.230.130.150.250.290.290.330.360.430.45-
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.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
流動資産
現金115,332127,936196,158138,838131,556131,241150,978154,025154,209159,185351,722162,992-
売上債権000000000000-
棚卸資産22,63923,07920,39322,99125,07928,94525,7556,8956,8704,7154,1282,862-
有価証券184,150127,150145,150251,000141,00066,00079,000166,000150,00065,0201,020196,020-
前払金-------------
繰延税金資産--16,197----------
貸倒引当金-799-792-867-807-820-879-1,060-946-926-928-775-651-
流動資産1,004,7621,029,8411,104,5781,111,0361,059,9121,077,1181,145,9011,076,5611,082,6581,047,0931,145,908983,072-
固定資産
建物・構築物--181,675---184,009---256,177--
機械・運搬具--62,830---66,721---73,105--
土地--157,173---165,454--203,396207,472219,216-
建設仮勘定--6,014---34,532---31,645--
有形固定資産249,901254,664265,790273,031277,873283,623299,847314,270356,735374,002408,440426,684-
のれん-------------
無形固定資産4,8445,4856,0816,1496,6727,3377,9487,7769,56511,39112,09113,979-
投資有価証券380,120403,566387,102401,128409,278366,146387,746361,145376,335381,927319,598333,247-
繰延税金資産--2,187---2,563------
貸倒引当金-2,128-2,116-2,067-2,056-2,044-2,033-1,983-1,981-1,985-1,977-1,957-1,954-
敷金および保証金-------------
投資その他の資産397,065420,251404,492417,599428,925385,780407,095380,235395,094400,363338,493351,787-
固定資産651,811680,402676,365696,781713,471676,742714,892702,282761,396785,757759,025792,452-
総資産1,656,5741,710,2441,780,9431,807,8171,773,3841,753,8601,860,7941,778,8431,844,0551,832,8501,904,9341,775,524-
 
負債
有利子負債合計290,262291,903288,602295,739282,297279,007268,177262,105272,189272,223340,091317,370-
仕入債務330,014334,174377,469352,253275,907300,398354,466311,882315,573311,465319,164253,786-
前受金-------------
未払法人税等20,377-20,897-19,418-31,609-24,612-25,637--
繰延税金負債(固定)--26,887---24,781------
負債1,045,6531,070,1491,124,6131,138,9931,076,6991,076,9591,125,5511,054,7651,098,9831,071,6661,168,5211,037,317-
 
純資産
資本金74,36574,36574,36574,36574,36574,36574,36574,36574,36574,36574,36574,365-
資本剰余金43,11643,11643,11643,11643,11643,11643,11643,11643,11643,11643,11643,116-
利益剰余金327,941339,666366,805369,889390,792401,516443,802450,011473,421485,749510,873503,838-
自己株式-1,603-1,605-1,606-1,607-1,608-1,609-1,609-1,610-17,156-18,655-21,613-21,613-
非支配株主持分5,1195,1895,4785,4025,3775,5955,8265,5855,5065,7675,9325,676-
純資産610,921640,094656,330668,824696,684676,901735,242724,078745,071761,183736,412738,207-
キャッシュフロー(百万円)
C/S
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
営業CF
税金等調整前当期純利益58,75587,819128,32624,18155,15586,165143,21937,03871,666110,195141,34913,251-
減価償却費5,861-12,399-6,395-13,304-6,461-13,633--
のれん償却額-------------
減損損失000-000-002,915--
受取利息及び受取配当金-3,262--6,080--3,595--6,556--3,587--7,518--
売上債権の増減額63,232--54,380-2,699--137,952-111,966-94,665--
棚卸資産の増減額18,462-20,600--4,838-6,206-18,915-22,306--
仕入債務の増減額-59,277--13,101--100,141--22,559--37,867--35,504--
営業CF3,738-82,879--26,407--14,933-139,437-170,557--
投資CF
有価証券の取得-4,6810-6,9060-5700-4,6860-1,4490-6,1730-
有価証券の売却・償還8,32408,82405,106014,868014,806017,3010-
固定資産の購入-9,9280-30,6400-18,7370-58,7190-63,4770-123,9040-
固定資産の売却19802620190184013501440-
貸付け-------------
貸付金の回収-------------
投資CF-6,667--30,938--17,833--52,652--51,860--115,745--
財務CF
短期借入金の純増減額3-9,820-2,723--6,282-1,973--9,116--
長期借入れ4,699-9,500-550-16,500-2,600-39,450--
長期借入金の返済-11,573--22,848--10,039--22,035--9,788--18,793--
社債の発行10,000-20,000-----20,000-30,000--
社債の償還---15,000----10,000--10,000--20,000--
自己株式の取得-----1--3--15,547--20,003--
自己株式の売却-------------
配当金の支払-16,503--24,362--12,574--22,790--18,075--31,906--
財務CF-12,848--26,124--23,167--42,404--12,417-68,732--
換算差額-693--460--1,194--1,190--927--799--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額------58,800---124,300--
研究開発費--8,491---8,724---10,296--
発行済株式総数784,556,031株784,554,356株784,553,510株784,552,801株784,551,861株784,550,928株784,550,407株784,549,756株767,050,785株765,514,270株762,856,409株762,856,099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.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
従業員数--16,024人---16,184人---16,297人--
売上/従業員(千円)--94,822---102,877---104,209--
営利/従業員(千円)--7,574---8,016---8,216--