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:-8.1 %
純利5y CAGR・予想:-6.5 %
P/L
2018.32019.32020.32021.3E
売上1,830,6251,974,2692,010,7511,870,000
前期比100.5%107.8%101.8%93.0%
売上原価1,571,7011,723,0981,762,630-
売上総利益258,923251,171248,121-
%14.1%12.7%12.3%-
販管費100,550108,548116,134-
営業利益158,373142,622131,987111,000
前期比101.9%90.1%92.5%84.1%
%8.7%7.2%6.6%5.9%
受取利息および受取配当金8,3289,95511,434-
持分法による投資利益3,4213,179--
営業外収益26,76126,55221,769-
支払利息3,3493,4323,502-
持分法による投資損失----
営業外費用5,4196,2737,110-
経常利益179,716162,901146,645118,000
固定資産売却益3104,437640-
投資有価証券売却益424191855-
特別利益5,3374,6285,854-
固定資産売却損202403-
投資有価証券売却損26301,674-
減損損失6,6476614-
特別損失7,41510,0552,866-
税引前利益177,638157,474149,634-
法人税等51,08647,29645,847-
%28.8%30.0%30.6%-
当期純利益126,551110,178103,786-
非支配株主に帰属する当期純利益-226339544-
親会社株主に帰属する当期純利益126,778109,839103,24280,000
前期比120.9%86.6%94.0%77.5%
%6.9%5.6%5.1%4.3%
 
EBITDA177,752161,788151,949-
EPS244.3円211.7円201.4円185.3円
BPS1,283.4円1,451.7円1,544.7円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,830,0002,000,0002,040,0001,870,000
対実績比100.0%98.7%98.6%-
営業利益(期初予)106,000108,000118,500111,000
対実績比149.4%132.1%111.4%-
純利益(期初予)82,00082,00090,00080,000
対実績比154.6%134.0%114.7%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価1,974円1,634円1,109円-
企業価値1,078,363866,066632,370-
時価総額1,024,438847,898568,449-
純有利子負債-49,719-23,95663,921-
PER(会予)9.5倍8.7倍6.0倍-
PBR1.6倍1.2倍0.7倍-
PER × PBR15.2倍10.4倍4.3倍-
EV/EBITDA(会予)6.9倍6.2倍4.5倍-
PSR(会予)0.6倍0.4倍0.3倍-
PCFR(会予)8.0倍7.3倍4.9倍-
配当金48.0円50.0円50.0円50.0円
配当利回り2.0%2.9%4.5%-
配当性向19.6%23.6%24.8%-
自己資本配当率1.9%2.6%3.2%-
ROE19.0%14.6%13.0%-
純利益率(再掲)6.9%5.6%5.1%-
総資産回転率0.9回0.9回0.9回-
財務レバレッジ3.1倍2.8倍2.7倍-
実質ROE18.8%14.5%12.8%-
ROIC10.6%9.1%7.7%-
ROA6.2%5.3%4.8%-
β0.640.650.74-
βの決定係数(R2)0.180.210.35-
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394,550322,658262,963-
売上債権000-
棚卸資産71,24068,13662,817-
有価証券187422110-
前払金----
繰延税金資産36,251---
貸倒引当金-853-841-855-
流動資産1,293,8611,322,3971,349,264-
固定資産
建物・構築物134,904122,349117,412-
機械・運搬具17,08916,94317,526-
土地182,701178,077223,651-
建設仮勘定3,52611,75326,165-
有形固定資産340,929331,699391,049-
のれん-2,3341,447-
無形固定資産10,54111,66111,548-
投資有価証券294,485326,255309,623-
繰延税金資産15,0964,022--
貸倒引当金-7,615-3,705-3,503-
敷金および保証金----
投資その他の資産405,894425,416420,246-
固定資産757,364768,778822,843-
総資産2,051,2262,091,1752,172,108-
 
負債
有利子負債合計344,831298,702326,884-
仕入債務509,027530,420520,653-
前受金----
未払法人税等28,78617,66530,597-
繰延税金負債(固定)9291,963--
負債1,381,4301,334,2511,376,088-
 
純資産
資本金81,44781,44781,447-
資本剰余金45,30443,26743,367-
利益剰余金424,194507,094583,303-
自己株式-6,567-6,641-16,420-
非支配株主持分3,7743,6464,233-
純資産669,795756,924796,020-
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177,638157,474149,634-
減価償却費19,37919,16619,962-
のれん償却額----
減損損失6,6476614-
受取利息及び受取配当金-8,328-9,955-11,434-
売上債権の増減額-13,954-79,360-33,297-
棚卸資産の増減額-4,421-10319,481-
仕入債務の増減額-9,26625,373-8,691-
営業CF120,47930,39053,061-
投資CF
有価証券の取得-4,804-15,600-14,595-
有価証券の売却・償還000-
固定資産の購入-14,812-26,176-83,857-
固定資産の売却1,20022,5445,522-
貸付け----
貸付金の回収----
投資CF-47,354-25,346-101,813-
財務CF
短期借入金の純増減額2,25518,69814,950-
長期借入れ20,84015,36324,760-
長期借入金の返済-26,878-22,719-30,833-
社債の発行10,000-10,000-
社債の償還-20,000-30,000--
自己株式の取得--30-10,007-
自己株式の売却----
配当金の支払-23,873-26,984-26,306-
財務CF-53,099-75,007-10,866-
換算差額1,850-3,933-186-
その他
2018.32019.32020.32021.3E
設備投資額-28,40086,300-
研究開発費-13,90016,400-
発行済株式総数518,958,606株518,907,211株512,578,153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17,730人18,297人18,673人-
売上/従業員(千円)103,250107,901107,682-
営利/従業員(千円)8,9327,7957,068-
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:-8.1 %
純利5y CAGR・予想:-6.5 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上822,7311,331,4661,830,625416,985897,7671,405,2081,974,269427,211947,1981,437,4292,010,751440,7421,870,000
前期比101.2%107.6%100.5%104.0%109.1%105.5%107.8%102.5%105.5%102.3%101.8%103.2%93.0%
売上原価699,6461,143,7891,571,701362,149786,6131,231,1741,723,098381,309834,1111,270,9761,762,630375,334-
売上総利益123,085187,676258,92354,836111,153174,033251,17145,901113,086166,452248,12165,408-
%15.0%14.1%14.1%13.2%12.4%12.4%12.7%10.7%11.9%11.6%12.3%14.8%-
販管費46,25270,632100,55024,29050,52077,815108,54826,47653,34481,680116,13426,500-
営業利益76,832117,044158,37330,54560,63296,218142,62219,42459,74184,772131,98738,907111,000
前期比104.2%115.4%101.9%69.5%78.9%82.2%90.1%63.6%98.5%88.1%92.5%200.3%84.1%
%9.3%8.8%8.7%7.3%6.8%6.8%7.2%4.5%6.3%5.9%6.6%8.8%5.9%
受取利息および受取配当金3,0344,8458,3282,9165,4568,4289,9553,5335,5348,94811,4343,661-
持分法による投資利益--3,421---3,179------
営業外収益10,67817,40726,7614,82914,62620,32526,5526,2799,11514,26521,7695,056-
支払利息1,6362,4993,3498151,6702,5623,4329251,8222,7313,502733-
持分法による投資損失-------1,419-----
営業外費用3,1773,7905,4191,2413,1344,3786,2732,9523,7874,9317,1102,483-
経常利益84,333130,661179,71634,13372,125112,165162,90122,75165,06994,107146,64541,480118,000
固定資産売却益1122793103,6863,7733,7994,437555--6408-
投資有価証券売却益396424424019201914--8550-
特別利益4,8915,3055,3373,6863,7933,8194,6283,6674,8975,0205,8548-
固定資産売却損31720232238240240---3--
投資有価証券売却損--2---630---1,6741,529-
減損損失544076,647---66---14--
特別損失2646577,41528240155310,0551103668652,8661,610-
税引前利益88,960135,309177,63837,53775,517115,432157,47426,30869,60198,261149,63439,879-
法人税等24,59038,28351,08610,11620,72532,90647,2967,14819,60928,78045,84712,766-
%27.6%28.3%28.8%26.9%27.4%28.5%30.0%27.2%28.2%29.3%30.6%32.0%-
当期純利益64,37097,025126,55127,42054,79182,525110,17819,15949,99169,481103,78627,113-
非支配株主に帰属する当期純利益-1-4-226-104268532339237180174544658-
親会社株主に帰属する当期純利益64,37197,030126,77827,52554,52381,992109,83918,92249,81069,306103,24226,45480,000
前期比126.4%135.6%120.9%80.9%84.7%84.5%86.6%68.7%91.4%84.5%94.0%139.8%77.5%
%7.8%7.3%6.9%6.6%6.1%5.8%5.6%4.4%5.3%4.8%5.1%6.0%4.3%
 
EBITDA86,187117,044177,75230,54569,85096,218161,78819,42469,43484,772151,94938,907-
EPS244.3円244.3円244.3円211.7円211.7円211.7円211.7円201.5円201.4円201.4円201.4円201.4円156.1円
BPS1,165.1円1,232.1円1,283.4円1,308.3円1,380.4円1,375.7円1,451.7円1,439.1円1,502.2円1,521.3円1,544.7円1,576.2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)1,830,0001,830,0001,830,0002,000,0002,000,0002,000,0002,000,0002,040,0002,040,0002,040,0002,040,0001,870,0001,870,000
対実績比45.0%72.8%100.0%20.8%44.9%70.3%98.7%20.9%46.4%70.5%98.6%23.6%-
営業利益(期初予)106,000106,000106,000108,000108,000108,000108,000118,500118,500118,500118,500111,000111,000
対実績比72.5%110.4%149.4%28.3%56.1%89.1%132.1%16.4%50.4%71.5%111.4%35.1%-
純利益(期初予)82,00082,00082,00082,00082,00082,00082,00090,00090,00090,00090,00080,00080,000
対実績比78.5%118.3%154.6%33.6%66.5%100.0%134.0%21.0%55.3%77.0%114.7%33.1%-
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2,236円2,168円1,974円1,716円1,651円1,478円1,634円1,478円1,417円1,458円1,109円1,284円-
企業価値1,028,5301,042,3911,078,363840,814689,208657,720866,066742,989795,279816,294632,370506,760-
時価総額1,160,4471,125,1371,024,438890,533856,795766,956847,898766,945726,328747,343568,449658,150-
純有利子負債-82,74653,925-49,719-167,587-109,23618,168-23,956-93,84068,951183,62663,921-151,390-
PER(会予)14.2倍10.4倍9.5倍10.9倍10.4倍7.9倍8.7倍8.5倍8.1倍7.9倍6.0倍8.2倍-
PBR2.0倍1.9倍1.6倍1.3倍1.3倍1.1倍1.2倍1.0倍0.9倍1.0倍0.7倍0.8倍-
PER × PBR28.5倍19.4倍15.2倍14.5倍13.2倍8.5倍10.4倍8.7倍7.6倍7.6倍4.3倍6.7倍-
EV/EBITDA(会予)8.2倍6.7倍6.9倍6.6倍5.4倍4.7倍6.2倍5.4倍5.8倍5.8倍4.5倍3.9倍-
PSR(会予)0.6倍0.6倍0.6倍0.4倍0.4倍0.4倍0.4倍0.4倍0.4倍0.4倍0.3倍0.4倍-
PCFR(会予)11.5倍8.8倍8.0倍8.8倍8.5倍6.6倍7.3倍7.0倍6.7倍6.5倍4.9倍6.6倍-
配当金--48.0円---50.0円---50.0円-50.0円
配当利回り1.8%1.8%2.0%2.8%2.9%3.2%2.9%3.4%3.5%3.4%4.5%3.9%-
配当性向--19.6%---23.6%---24.8%--
自己資本配当率2.1%1.9%1.9%2.9%2.8%2.8%2.6%3.5%3.3%3.3%3.2%3.2%-
ROE21.0%19.8%19.0%16.2%15.3%15.4%14.6%14.0%13.4%13.2%13.0%12.8%-
純利益率(再掲)7.8%7.3%6.9%6.6%6.1%5.8%5.6%4.4%5.3%4.8%5.1%6.0%-
総資産回転率0.9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0.9回0.9回0.9回-
財務レバレッジ3.2倍3.0倍3.1倍3.0倍2.8倍2.7倍2.8倍2.7倍2.7倍2.8倍2.7倍2.6倍-
実質ROE20.7%19.6%18.8%16.0%15.2%15.2%14.5%13.7%13.1%13.0%12.8%12.5%-
ROIC12.0%11.3%10.6%9.6%9.6%9.7%9.1%8.7%8.0%7.4%7.7%7.7%-
ROA6.5%6.7%6.2%5.5%5.6%5.6%5.3%5.1%5.0%4.7%4.8%4.8%-
β0.620.530.640.500.510.670.650.650.720.770.740.78-
βの決定係数(R2)0.160.120.180.110.110.220.210.220.270.310.350.40-
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368,904254,237394,550479,176385,090250,797322,658350,105232,584202,654262,963460,472-
売上債権000000000000-
棚卸資産65,85167,08571,24071,68972,29579,10468,13662,93374,58675,06962,81767,521-
有価証券--187---422---110--
前払金-------------
繰延税金資産--36,251----------
貸倒引当金-1,132-819-853-890-974-1,179-841-863-826-797-855-881-
流動資産1,232,9441,182,3431,293,8611,260,0041,212,5741,203,8261,322,3971,267,6201,265,1791,363,2551,349,2641,291,309-
固定資産
建物・構築物--134,904---122,349---117,412--
機械・運搬具--17,089---16,943---17,526--
土地--182,701---178,077-222,924223,438223,651222,839-
建設仮勘定--3,526---11,753---26,165--
有形固定資産348,221346,882340,929322,337322,792324,863331,699330,513380,850382,868391,049393,848-
のれん------2,334---1,447--
無形固定資産10,21910,33510,54111,74911,66011,89311,66111,33210,91710,82311,54811,397-
投資有価証券282,174294,740294,485311,200324,300292,528326,255315,595338,022346,662309,623321,873-
繰延税金資産--15,096---4,022------
貸倒引当金-8,556-8,323-7,615-7,586-3,603-3,439-3,705-3,612-3,560-3,520-3,503-3,470-
敷金および保証金-------------
投資その他の資産347,095362,405405,894409,137428,484404,978425,416401,581425,085436,444420,246437,015-
固定資産705,536719,623757,364743,224762,936741,735768,778743,426816,852830,136822,843842,261-
総資産1,938,4801,901,9672,051,2262,003,2291,975,5111,945,5612,091,1752,011,0472,082,0322,193,3912,172,1082,133,571-
 
負債
有利子負債合計286,158308,162344,831311,589275,854268,965298,702256,265301,535386,280326,884309,082-
仕入債務461,086472,474509,027476,308476,038483,419530,420494,464496,621527,210520,653457,453-
前受金-------------
未払法人税等--28,786-20,935-17,665---30,59734,522-
繰延税金負債(固定)--929---1,963------
負債1,330,1231,258,8431,381,4301,320,7291,255,7991,228,0991,334,2511,270,1181,308,6081,410,1061,376,0881,317,206-
 
純資産
資本金81,44781,44781,44781,44781,44781,44781,44781,44781,44781,44781,44781,447-
資本剰余金45,30445,30445,30444,87444,87444,87443,26743,26743,36743,36743,36743,335-
利益剰余金370,818392,519424,194437,189464,213479,241507,094511,799542,687549,369583,303596,942-
自己株式-6,531-6,552-6,567-6,574-6,629-6,638-6,641-16,643-16,416-16,419-16,420-16,421-
非支配株主持分3,6803,7103,7743,5333,3803,6153,6463,5893,4403,4744,2338,438-
純資産608,357643,124669,795682,499719,712717,462756,924740,929773,423783,285796,020816,364-
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88,960135,309177,63837,53775,517115,432157,47426,30869,60198,261149,63439,879-
減価償却費9,355-19,379-9,218-19,166-9,693-19,962--
のれん償却額-------------
減損損失544076,647---66---14--
受取利息及び受取配当金-4,290--8,328--5,457--9,955--5,535--11,434--
売上債権の増減額103,493--13,954-114,919--79,360-5,703--33,297--
棚卸資産の増減額1,087--4,421--2,253--103-1,742-19,481--
仕入債務の増減額-55,717--9,266--29,423-25,373--31,766--8,691--
営業CF102,196-120,479-73,193-30,390-3,640-53,061--
投資CF
有価証券の取得-3350-4,8040-5,8480-15,6000-9,1880-14,5950-
有価証券の売却・償還000000000000-
固定資産の購入-6,6940-14,8120-6,8730-26,1760-64,2760-83,8570-
固定資産の売却38201,200018,861022,54404,88305,5220-
貸付け-------------
貸付金の回収-------------
投資CF-5,255--47,354-4,825--25,346--71,608--101,813--
財務CF
短期借入金の純増減額-872-2,255-15,777-18,698-1,895-14,950--
長期借入れ4,170-20,840-3,641-15,363-6,204-24,760--
長期借入金の返済-3,661--26,878--5,961--22,719--11,183--30,833--
社債の発行10,000-10,000-------10,000--
社債の償還-20,000--20,000--20,000--30,000------
自己株式の取得-----18--30--10,003--10,007--
自己株式の売却-------------
配当金の支払-13,493--23,873--14,530--26,984--13,491--26,306--
財務CF-99,760--53,099--83,670--75,007--20,033--10,866--
換算差額-735-1,850--3,543--3,933--1,443--186--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額------28,400---86,300--
研究開発費------13,900---16,400--
発行済株式総数518,974,617株518,965,441株518,958,606株518,954,939株518,915,074株518,909,437株518,907,211株512,363,810株512,581,242株512,579,366株512,578,153株512,577,532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--17,730人---18,297人---18,673人--
売上/従業員(千円)--103,250---107,901---107,682--
営利/従業員(千円)--8,932---7,795---7,068--
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:-8.1 %
純利5y CAGR・予想:-6.5 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上421,903508,735499,159416,985480,782507,441569,061427,211519,987490,231573,322440,7421,870,000
前期比99.8%120.0%85.4%104.0%114.0%99.7%114.0%102.5%108.2%96.6%100.7%103.2%93.0%
売上原価364,357444,143427,912362,149424,464444,561491,924381,309452,802436,865491,654375,334-
売上総利益57,54764,59171,24754,83656,31762,88077,13845,90167,18553,36681,66965,408-
%13.6%12.7%14.3%13.2%11.7%12.4%13.6%10.7%12.9%10.9%14.2%14.8%-
販管費24,65324,38029,91824,29026,23027,29530,73326,47626,86828,33634,45426,500-
営業利益32,89440,21241,32930,54530,08735,58646,40419,42440,31725,03147,21538,907111,000
前期比75.8%145.6%76.5%69.5%91.5%88.5%112.3%63.6%134.0%70.3%101.7%200.3%84.1%
%7.8%7.9%8.3%7.3%6.3%7.0%8.2%4.5%7.8%5.1%8.2%8.8%5.9%
受取利息および受取配当金000-0003,5330003,661-
持分法による投資利益003,421-003,179-000--
営業外収益5,0306,7299,3544,8299,7975,6996,2276,2792,8365,1507,5045,056-
支払利息852863850815855892870925897909771733-
持分法による投資損失000-0001,419-1,41900--
営業外費用1,7986131,6291,2411,8931,2441,8952,9528351,1442,1792,483-
経常利益36,12646,32849,05534,13337,99240,04050,73622,75142,31829,03852,53841,480118,000
固定資産売却益50167313,6868726638555-55506408-
投資有価証券売却益128001911714-408550-
特別利益4,433414323,686107268093,6671,2301238348-
固定資産売却損1143232620-003--
投資有価証券売却損002-00630-001,6741,529-
減損損失543536,240-0066-0014--
特別損失2383936,7582821191529,5021102564992,0011,610-
税引前利益40,32246,34942,32937,53737,98039,91542,04226,30843,29328,66051,37339,879-
法人税等10,09413,69312,80310,11610,60912,18114,3907,14812,4619,17117,06712,766-
%25.0%29.5%30.2%26.9%27.9%30.5%34.2%27.2%28.8%32.0%33.2%32.0%-
当期純利益30,22832,65529,52627,42027,37127,73427,65319,15930,83219,49034,30527,113-
非支配株主に帰属する当期純利益-108-3-222-104372264-193237-57-6370658-
親会社株主に帰属する当期純利益30,33732,65929,74827,52526,99827,46927,84718,92230,88819,49633,93626,45480,000
前期比99.9%158.4%89.3%80.9%89.0%84.1%93.6%68.7%114.4%71.0%121.9%139.8%77.5%
%7.2%6.4%6.0%6.6%5.6%5.4%4.9%4.4%5.9%4.0%5.9%6.0%4.3%
 
EBITDA86,187117,044177,75230,54569,85096,218161,78819,42469,43484,772151,94938,907-
EPS244.3円244.3円244.3円211.7円211.7円211.7円211.7円201.5円201.4円201.4円201.4円201.4円156.1円
BPS1,165.1円1,232.1円1,283.4円1,308.3円1,380.4円1,375.7円1,451.7円1,439.1円1,502.2円1,521.3円1,544.7円1,576.2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)1,830,0001,830,0001,830,0002,000,0002,000,0002,000,0002,000,0002,040,0002,040,0002,040,0002,040,0001,870,0001,870,000
対実績比45.0%72.8%100.0%20.8%44.9%70.3%98.7%20.9%46.4%70.5%98.6%23.6%-
営業利益(期初予)106,000106,000106,000108,000108,000108,000108,000118,500118,500118,500118,500111,000111,000
対実績比72.5%110.4%149.4%28.3%56.1%89.1%132.1%16.4%50.4%71.5%111.4%35.1%-
純利益(期初予)82,00082,00082,00082,00082,00082,00082,00090,00090,00090,00090,00080,00080,000
対実績比78.5%118.3%154.6%33.6%66.5%100.0%134.0%21.0%55.3%77.0%114.7%33.1%-
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2,236円2,168円1,974円1,716円1,651円1,478円1,634円1,478円1,417円1,458円1,109円1,284円-
企業価値1,028,5301,042,3911,078,363840,814689,208657,720866,066742,989795,279816,294632,370506,760-
時価総額1,160,4471,125,1371,024,438890,533856,795766,956847,898766,945726,328747,343568,449658,150-
純有利子負債-82,74653,925-49,719-167,587-109,23618,168-23,956-93,84068,951183,62663,921-151,390-
PER(会予)14.2倍10.4倍9.5倍10.9倍10.4倍7.9倍8.7倍8.5倍8.1倍7.9倍6.0倍8.2倍-
PBR2.0倍1.9倍1.6倍1.3倍1.3倍1.1倍1.2倍1.0倍0.9倍1.0倍0.7倍0.8倍-
PER × PBR28.5倍19.4倍15.2倍14.5倍13.2倍8.5倍10.4倍8.7倍7.6倍7.6倍4.3倍6.7倍-
EV/EBITDA(会予)8.2倍6.7倍6.9倍6.6倍5.4倍4.7倍6.2倍5.4倍5.8倍5.8倍4.5倍3.9倍-
PSR(会予)0.6倍0.6倍0.6倍0.4倍0.4倍0.4倍0.4倍0.4倍0.4倍0.4倍0.3倍0.4倍-
PCFR(会予)11.5倍8.8倍8.0倍8.8倍8.5倍6.6倍7.3倍7.0倍6.7倍6.5倍4.9倍6.6倍-
配当金--48.0円---50.0円---50.0円-50.0円
配当利回り1.8%1.8%2.0%2.8%2.9%3.2%2.9%3.4%3.5%3.4%4.5%3.9%-
配当性向--19.6%---23.6%---24.8%--
自己資本配当率2.1%1.9%1.9%2.9%2.8%2.8%2.6%3.5%3.3%3.3%3.2%3.2%-
ROE21.0%19.8%19.0%16.2%15.3%15.4%14.6%14.0%13.4%13.2%13.0%12.8%-
純利益率(再掲)7.8%7.3%6.9%6.6%6.1%5.8%5.6%4.4%5.3%4.8%5.1%6.0%-
総資産回転率0.9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0.9回0.9回0.9回-
財務レバレッジ3.2倍3.0倍3.1倍3.0倍2.8倍2.7倍2.8倍2.7倍2.7倍2.8倍2.7倍2.6倍-
実質ROE20.7%19.6%18.8%16.0%15.2%15.2%14.5%13.7%13.1%13.0%12.8%12.5%-
ROIC12.0%11.3%10.6%9.6%9.6%9.7%9.1%8.7%8.0%7.4%7.7%7.7%-
ROA6.5%6.7%6.2%5.5%5.6%5.6%5.3%5.1%5.0%4.7%4.8%4.8%-
β0.620.530.640.500.510.670.650.650.720.770.740.78-
βの決定係数(R2)0.160.120.180.110.110.220.210.220.270.310.350.40-
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368,904254,237394,550479,176385,090250,797322,658350,105232,584202,654262,963460,472-
売上債権000000000000-
棚卸資産65,85167,08571,24071,68972,29579,10468,13662,93374,58675,06962,81767,521-
有価証券--187---422---110--
前払金-------------
繰延税金資産--36,251----------
貸倒引当金-1,132-819-853-890-974-1,179-841-863-826-797-855-881-
流動資産1,232,9441,182,3431,293,8611,260,0041,212,5741,203,8261,322,3971,267,6201,265,1791,363,2551,349,2641,291,309-
固定資産
建物・構築物--134,904---122,349---117,412--
機械・運搬具--17,089---16,943---17,526--
土地--182,701---178,077-222,924223,438223,651222,839-
建設仮勘定--3,526---11,753---26,165--
有形固定資産348,221346,882340,929322,337322,792324,863331,699330,513380,850382,868391,049393,848-
のれん------2,334---1,447--
無形固定資産10,21910,33510,54111,74911,66011,89311,66111,33210,91710,82311,54811,397-
投資有価証券282,174294,740294,485311,200324,300292,528326,255315,595338,022346,662309,623321,873-
繰延税金資産--15,096---4,022------
貸倒引当金-8,556-8,323-7,615-7,586-3,603-3,439-3,705-3,612-3,560-3,520-3,503-3,470-
敷金および保証金-------------
投資その他の資産347,095362,405405,894409,137428,484404,978425,416401,581425,085436,444420,246437,015-
固定資産705,536719,623757,364743,224762,936741,735768,778743,426816,852830,136822,843842,261-
総資産1,938,4801,901,9672,051,2262,003,2291,975,5111,945,5612,091,1752,011,0472,082,0322,193,3912,172,1082,133,571-
 
負債
有利子負債合計286,158308,162344,831311,589275,854268,965298,702256,265301,535386,280326,884309,082-
仕入債務461,086472,474509,027476,308476,038483,419530,420494,464496,621527,210520,653457,453-
前受金-------------
未払法人税等--28,786-20,935-17,665---30,59734,522-
繰延税金負債(固定)--929---1,963------
負債1,330,1231,258,8431,381,4301,320,7291,255,7991,228,0991,334,2511,270,1181,308,6081,410,1061,376,0881,317,206-
 
純資産
資本金81,44781,44781,44781,44781,44781,44781,44781,44781,44781,44781,44781,447-
資本剰余金45,30445,30445,30444,87444,87444,87443,26743,26743,36743,36743,36743,335-
利益剰余金370,818392,519424,194437,189464,213479,241507,094511,799542,687549,369583,303596,942-
自己株式-6,531-6,552-6,567-6,574-6,629-6,638-6,641-16,643-16,416-16,419-16,420-16,421-
非支配株主持分3,6803,7103,7743,5333,3803,6153,6463,5893,4403,4744,2338,438-
純資産608,357643,124669,795682,499719,712717,462756,924740,929773,423783,285796,020816,364-
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88,960135,309177,63837,53775,517115,432157,47426,30869,60198,261149,63439,879-
減価償却費9,355-19,379-9,218-19,166-9,693-19,962--
のれん償却額-------------
減損損失543536,240-0066-0014--
受取利息及び受取配当金-4,290--8,328--5,457--9,955--5,535--11,434--
売上債権の増減額103,493--13,954-114,919--79,360-5,703--33,297--
棚卸資産の増減額1,087--4,421--2,253--103-1,742-19,481--
仕入債務の増減額-55,717--9,266--29,423-25,373--31,766--8,691--
営業CF102,196-120,479-73,193-30,390-3,640-53,061--
投資CF
有価証券の取得-3350-4,8040-5,8480-15,6000-9,1880-14,5950-
有価証券の売却・償還000000000000-
固定資産の購入-6,6940-14,8120-6,8730-26,1760-64,2760-83,8570-
固定資産の売却38201,200018,861022,54404,88305,5220-
貸付け-------------
貸付金の回収-------------
投資CF-5,255--47,354-4,825--25,346--71,608--101,813--
財務CF
短期借入金の純増減額-872-2,255-15,777-18,698-1,895-14,950--
長期借入れ4,170-20,840-3,641-15,363-6,204-24,760--
長期借入金の返済-3,661--26,878--5,961--22,719--11,183--30,833--
社債の発行10,000-10,000-------10,000--
社債の償還-20,000--20,000--20,000--30,000------
自己株式の取得-----18--30--10,003--10,007--
自己株式の売却-------------
配当金の支払-13,493--23,873--14,530--26,984--13,491--26,306--
財務CF-99,760--53,099--83,670--75,007--20,033--10,866--
換算差額-735-1,850--3,543--3,933--1,443--186--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額------28,400---86,300--
研究開発費------13,900---16,400--
発行済株式総数518,974,617株518,965,441株518,958,606株518,954,939株518,915,074株518,909,437株518,907,211株512,363,810株512,581,242株512,579,366株512,578,153株512,577,532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--17,730人---18,297人---18,673人--
売上/従業員(千円)--103,250---107,901---107,682--
営利/従業員(千円)--8,932---7,795---7,068--