通期売上(百万円)
通期利益(百万円)
P/L2017.32018.32019.32020.3
売上1,497,1041,557,0171,591,1781,640,000
前期比106.1%104.0%102.2%103.1%
売上原価1,211,5161,259,9701,295,134-
売上総利益285,588297,046296,044-
%19.1%19.1%18.6%-
販管費165,426170,677168,996-
営業利益120,162126,369127,047128,000
前期比119.0%105.2%100.5%100.8%
%8.0%8.1%8.0%7.8%
受取利息および受取配当金739758757-
持分法による投資利益--229-
営業外収益5,8006,0396,059-
支払利息401322229-
持分法による投資損失33680--
営業外費用1,453875867-
経常利益124,509131,533132,240133,000
固定資産売却益34560-
投資有価証券売却益28431,065-
特別利益31881,126-
固定資産売却損----
投資有価証券売却損----
減損損失12213629-
特別損失5456771,024-
税引前利益123,995130,944132,342-
法人税等41,45742,70541,982-
%33.4%32.6%31.7%-
当期純利益82,53888,23990,359-
非支配株主に帰属する当期純利益369410428-
親会社株主に帰属する当期純利益82,16887,82989,93090,000
前期比122.1%106.9%102.4%100.1%
%5.5%5.6%5.7%5.5%
 
EBITDA128,204128,204136,786140,512
EPS1,080.8円1,172.7円1,210.4円1,316.5円
BPS3,587.9円3,802.8円4,207.0円-
期初会社予想2017.32018.32019.32020.3
売上高(期初予)1,498,0001,585,0001,640,0001,640,000
対実績比99.9%98.2%97.0%-
営業利益(期初予)107,000124,000128,000128,000
対実績比112.3%101.9%99.3%-
純利益(期初予)74,50086,00090,00090,000
対実績比110.3%102.1%99.9%-
配当
ROEデュポン分解
マルチプル2017.32018.32019.32020.3
企業価値970,0261,283,5601,090,278-
時価総額1,162,7771,377,2561,146,423-
純有利子負債-192,751-93,696-56,145-
PER(会予)14.2倍16.0倍12.7倍-
PBR4.3倍4.8倍3.7倍-
PER × PBR60.4倍77.4倍46.7倍-
EV/EBITDA(会予)7.7倍9.7倍7.9倍-
PSR(会予)0.8倍0.9倍0.7倍-
PCFR(会予)12.9倍14.6倍11.4倍-
配当金536.0円583.0円606.0円616.0円
配当利回り3.5%3.2%3.9%-
配当性向49.6%49.7%50.1%-
自己資本配当率14.9%15.3%14.4%-
ROE30.1%30.8%28.8%-
%5.5%5.6%5.7%5.5%
総資産回転率1.9回2.2回1.9回-
財務レバレッジ2.9倍2.5倍2.6倍-
実質ROE28.5%26.9%26.4%-
ROIC24.0%25.6%20.8%-
ROA10.5%12.3%11.0%-
自己資本比率(%)
利益剰余金(百万円)
有利子負債(百万円)
B/S2017.32018.32019.32020.3
流動資産
現金248,180246,714188,614-
売上債権000-
棚卸資産5,802---
有価証券18,50922,88512,509-
前払金63,02065,14466,861-
繰延税金資産19,69620,338--
貸倒引当金-241-224-308-
流動資産509,778530,182484,700-
固定資産
建物・構築物----
機械・運搬具----
土地47,59657,57176,364-
建設仮勘定----
有形固定資産126,014147,884166,595-
のれん----
無形固定資産17,63523,66327,896-
投資有価証券38,36747,86953,167-
繰延税金資産34,29641,02671,406-
貸倒引当金-3,369-3,939-4,488-
敷金および保証金----
投資その他の資産128,003141,247180,579-
固定資産271,653312,795375,071-
総資産781,431842,978859,772-
 
負債
有利子負債合計55,42941,64597,072-
仕入債務43,67741,67739,831-
前受金75,54360,34065,867-
未払法人税等30,75128,46028,324-
繰延税金負債(固定)94464297-
負債505,945545,939557,473-
 
純資産
資本金29,06029,06029,060-
資本剰余金34,54034,54034,540-
利益剰余金232,978253,108297,952-
自己株式-15,337-17,203-55,565-
非支配株主持分2,3222,5962,889-
総資産275,485297,039302,298-
キャッシュフロー(百万円)
研究開発費(百万円)
C/S2017.32018.32019.32020.3
営業CF
税金等調整前当期純利益123,995130,944132,342-
減価償却費8,04210,41712,512-
のれん償却額----
減損損失12213629-
受取利息及び受取配当金-739-759-757-
売上債権の増減額324-13,433-15,275-
棚卸資産の増減額----
仕入債務の増減額6,175-1,1142,958-
営業CF124,09762,55971,982-
投資CF
有価証券の取得-15,862-28,396-19,944-
有価証券の売却・償還12,51018,50523,462-
固定資産の購入-30,092-18,597-34,923-
固定資産の売却000-
貸付け----
貸付金の回収----
投資CF-33,407-22,94682-
財務CF
短期借入金の純増減額----
長期借入れ-90,00017,100-
長期借入金の返済-17,190-45,074-30,416-
社債の発行----
社債の償還----
自己株式の取得-20,242-27,992-40,934-
自己株式の売却----
配当金の支払-36,472-43,964-45,044-
財務CF-72,286-25,336-97,670-
換算差額-853-743-494-
その他2017.32018.32019.32020.3
設備投資額23,27813,05411,666-
研究開発費1,4251,6091,983-
発行済株式総数76,023,358株74,891,596株74,298,297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2017.32018.32019.32020.3
従業員数16,054人17,161人17,646人-
売上/従業員(千円)93,25493,25490,730-
営利/従業員(千円)7,4857,4857,364-
四半期売上(百万円)
四半期利益(百万円)
P/L16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
売上1,497,104377,193782,0691,159,2981,557,017380,107799,2201,175,6561,591,178367,768770,0771,145,9391,640,000
前期比106.1%25.2%52.2%77.4%104.0%24.4%51.3%75.5%102.2%23.1%48.4%72.0%103.1%
売上原価1,211,516302,586627,753936,1681,259,970307,590645,534954,4751,295,134303,667636,771947,405-
売上総利益285,58874,607154,315223,129297,04672,517153,685221,180296,04464,100133,305198,534-
%19.1%19.8%19.7%19.2%19.1%19.1%19.2%18.8%18.6%17.4%17.3%17.3%-
販管費165,42637,53475,041111,518170,67737,69377,767116,114168,99636,19273,297109,977-
営業利益120,16237,07279,273111,611126,36934,82475,918105,065127,04727,90760,00888,556128,000
前期比119.0%30.9%66.0%92.9%105.2%27.6%60.1%83.1%100.5%22.0%47.2%69.7%100.8%
%8.0%9.8%10.1%9.6%8.1%9.2%9.5%8.9%8.0%7.6%7.8%7.7%7.8%
受取利息および受取配当金739265408633758265407642757237357593-
持分法による投資利益--------229470531685-
営業外収益5,8001,6543,1844,6226,0391,7393,1224,4016,0591,8453,2244,651-
支払利息401841662393225911717022954106157-
持分法による投資損失336---80--------
営業外費用1,453259552883875248380709867198686842-
経常利益124,50938,46781,905115,350131,53336,31578,661108,757132,24029,55462,54592,366133,000
固定資産売却益31121445484954604513-
投資有価証券売却益28434343431,0171,0401,0651,065--38-
特別利益31445557881,0661,0901,1201,1264552-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失122333136---29----
特別損失5451302313306771716176761,02460167630-
税引前利益123,99538,38181,729115,078130,94437,21079,133109,201132,34229,49862,38391,788-
法人税等41,45711,81825,62736,39642,70511,04324,39034,01541,9829,08019,46228,699-
%33.4%30.8%31.4%31.6%32.6%29.7%30.8%31.1%31.7%30.8%31.2%31.3%-
当期純利益82,53826,56256,10178,68188,23926,16654,74275,18590,35920,41742,92063,089-
非支配株主に帰属する当期純利益36926941204105481104428323561-
親会社株主に帰属する当期純利益82,16826,53556,00678,56187,82926,11254,66175,08189,93020,38442,88463,02890,000
前期比122.1%32.3%68.2%95.6%106.9%29.7%62.2%85.5%102.4%22.7%47.7%70.1%100.1%
%5.5%7.0%7.2%6.8%5.6%6.9%6.8%6.4%5.7%5.5%5.6%5.5%5.5%
 
EBITDA128,204128,204128,204128,204128,204136,786136,786136,786136,786139,559139,559139,559140,512
EPS1,080.8円1,165.2円1,165.2円1,164.8円1,172.7円1,172.4円1,204.6円1,211.2円1,210.4円1,240.5円1,315.5円1,315.5円1,316.5円
BPS3,587.9円3,528.6円3,528.6円3,890.3円3,802.8円3,924.9円3,912.3円4,225.8円4,207.0円4,123.3円3,785.2円3,785.2円-
期初会社予想16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
売上高(期初予)1,498,0001,585,0001,585,0001,585,0001,585,0001,640,0001,640,0001,640,0001,640,0001,640,0001,640,0001,640,0001,640,000
対実績比99.9%23.8%49.3%73.1%98.2%23.2%48.7%71.7%97.0%22.4%47.0%69.9%-
営業利益(期初予)107,000124,000124,000124,000124,000128,000128,000128,000128,000128,000128,000128,000128,000
対実績比112.3%29.9%63.9%90.0%101.9%27.2%59.3%82.1%99.3%21.8%46.9%69.2%-
純利益(期初予)74,50086,00086,00086,00086,00090,00090,00090,00090,00090,00090,00090,00090,000
対実績比110.3%30.9%65.1%91.4%102.1%29.0%60.7%83.4%99.9%22.6%47.6%70.0%-
配当
ROEデュポン分解
マルチプル16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
企業価値970,0261,204,7191,431,2251,587,0051,283,5601,209,0711,009,452985,2141,090,278900,067879,581857,021-
時価総額1,162,7771,318,7091,545,2151,732,4161,377,2561,349,1781,091,1211,114,8881,146,423995,717944,103921,543-
純有利子負債-192,751-113,990-113,990-145,411-93,696-140,107-81,669-129,674-56,145-95,650-64,522-64,522-
PER(会予)14.2倍15.3倍18.0倍20.1倍16.0倍-12.1倍12.4倍12.7倍11.1倍10.5倍10.2倍-
PBR4.3倍5.0倍5.8倍5.9倍4.8倍4.6倍3.7倍3.6倍3.7倍3.3倍3.6倍3.6倍-
PER × PBR60.4倍76.0倍104.4倍119.0倍77.4倍-45.3倍44.0倍46.7倍36.9倍38.3倍36.5倍-
EV/EBITDA(会予)7.7倍9.1倍10.8倍12.0倍9.7倍-7.3倍7.1倍7.9倍6.4倍6.3倍6.1倍-
PSR(会予)0.8倍0.8倍1.0倍1.1倍0.9倍-0.7倍0.7倍0.7倍0.6倍0.6倍0.6倍-
PCFR(会予)12.9倍14.0倍16.4倍18.4倍14.6倍-10.9倍11.1倍11.4倍9.7倍9.2倍9.0倍-
配当金536.0円583.0円583.0円583.0円583.0円583.0円606.0円606.0円606.0円606.0円606.0円606.0円616.0円
配当利回り3.5%3.3%2.8%2.5%3.2%3.2%4.1%4.0%3.9%4.4%4.4%4.5%-
配当性向49.6%50.0%50.0%50.1%49.7%49.7%50.3%50.0%50.1%48.9%46.1%46.1%-
自己資本配当率14.9%16.5%16.5%15.0%15.3%14.9%15.5%14.3%14.4%14.7%16.0%16.0%-
ROE30.1%33.0%33.0%29.9%30.8%29.9%30.8%28.7%28.8%30.1%34.8%34.8%-
%5.5%7.0%7.2%6.8%5.6%6.9%6.8%6.4%5.7%5.5%5.6%5.5%5.5%
総資産回転率1.9回2.2回2.2回2.1回2.2回1.8回2.0回1.9回1.9回1.9回2.0回2.0回-
財務レバレッジ2.9倍2.7倍2.7倍2.6倍2.5倍2.9倍2.7倍2.7倍2.6倍2.9倍3.1倍3.1倍-
実質ROE28.5%30.0%30.0%27.2%26.9%28.2%28.7%26.2%26.4%25.4%24.2%24.2%-
ROIC24.0%26.5%26.5%24.7%25.6%20.9%22.1%21.3%20.8%21.7%24.9%24.9%-
ROA10.5%12.3%12.3%11.7%12.3%10.4%11.4%10.8%11.0%10.5%11.1%11.1%-
自己資本比率(%)
利益剰余金(百万円)
有利子負債(百万円)
B/S16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
流動資産
現金248,180164,155191,334135,341246,714174,553216,102153,217188,614116,331146,72690,982-
売上債権000000000000-
棚卸資産5,802--6,746-5,918-8,982-7,4125,6905,690-
有価証券18,50923,99523,03019,59422,88518,97616,68618,11212,5097,5198,5334,030-
前払金63,02064,69564,89065,24065,14466,05766,60567,27966,86167,57268,02069,670-
繰延税金資産19,69613,79515,57312,83920,338--------
貸倒引当金-241-277-258-265-224-221-247-277-308-320-318-340-
流動資産509,778440,150467,693428,390530,182457,982495,039456,444484,700403,116436,740400,518-
固定資産
建物・構築物-------------
機械・運搬具-------------
土地47,596---57,571---76,364----
建設仮勘定-------------
有形固定資産126,014126,668127,490126,953147,884146,846147,014165,190166,595167,445169,170172,679-
のれん-------------
無形固定資産17,63518,60020,29721,17623,66323,58524,79226,48027,89628,80029,19928,920-
投資有価証券38,36741,49043,24546,59547,86954,08656,09152,20253,16748,51147,63646,576-
繰延税金資産34,296---41,026---71,406----
貸倒引当金-3,369-3,453-3,677-3,819-3,939-4,027-4,146-4,306-4,488-4,670-4,737-4,889-
敷金および保証金-------------
投資その他の資産128,003130,226133,223137,244141,247161,972168,086169,878180,579176,038177,546177,249-
固定資産271,653275,495281,011285,374312,795332,404339,892361,548375,071372,284375,916378,849-
総資産781,431715,646748,704713,764842,978790,387834,931817,993859,772775,401812,656779,367-
 
負債
有利子負債合計55,42950,16550,16545,92341,645106,60792,88486,42897,07292,96482,20482,204-
仕入債務43,67742,28442,28448,83541,67742,73938,60652,96939,83145,68744,34444,344-
前受金75,54375,11956,72157,25160,34060,78962,12362,73765,86766,22685,52368,185-
未払法人税等30,7516,20422,19312,18828,4606,80617,6039,90228,3248,70618,59710,434-
繰延税金負債(固定)94---464---297----
負債505,945446,932452,562426,188545,939495,259518,098502,393557,473514,022550,525517,739-
 
純資産
資本金29,06029,06029,06029,06029,06029,06029,06029,06029,06029,06029,06029,060-
資本剰余金34,54034,54034,54034,54034,54034,54034,54034,54034,54034,54034,54034,540-
利益剰余金232,978236,642266,104267,491253,108256,308284,846283,103297,952295,828318,247317,252-
自己株式-15,337-26,716-29,340-41,108-17,203-21,559-29,065-28,103-55,565-92,750-113,580-112,588-
非支配株主持分2,3222,2872,3442,3112,5962,5842,5962,5572,8892,8632,8842,877-
総資産275,485268,713296,142287,576297,039295,127316,833315,600302,298261,379262,130261,627-
キャッシュフロー(百万円)
研究開発費(百万円)
C/S16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
営業CF
税金等調整前当期純利益123,99538,38181,729115,078130,94437,21079,133109,201132,34229,49862,38391,788-
減価償却費8,0422,2864,7737,56910,4172,9976,0559,24012,5123,2646,90610,777-
のれん償却額-------------
減損損失122333136---29----
受取利息及び受取配当金-739-265-408-634-759-265-407-643-757-238-358-593-
売上債権の増減額324-12,244-14,237-34,876-13,433-5,232-8,471-22,840-15,27511,5506,675-3,172-
棚卸資産の増減額-------------
仕入債務の増減額6,175-1,3915,157-2,002-1,114-4,13010,234-2,9042,958-11,426-1,336-7,484-
営業CF124,097-32,6776,301-14,44862,559-20,26031,8296,21971,982-7,58855,22325,530-
投資CF
有価証券の取得-15,862-10,008-15,014-18,210-28,396-12,875-19,482-19,527-19,944-286-566-696-
有価証券の売却・償還12,5103,0007,48011,39518,50511,40013,30515,86223,4627,0008,04412,668-
固定資産の購入-30,092-6,314-10,653-14,134-18,597-4,333-7,807-29,283-34,923-5,929-12,140-22,884-
固定資産の売却000000000000-
貸付け-------------
貸付金の回収-------------
投資CF-33,407-11,335-16,139-7,458-22,946-18,029-25,603-32,27482726-5,310-11,512-
財務CF
短期借入金の純増減額-------------
長期借入れ----90,000--17,10017,100--5,700-
長期借入金の返済-17,190-4,277-8,519-12,797-45,074-12,647-19,062-25,626-30,416-4,956-9,912-14,868-
社債の発行-------------
社債の償還-------------
自己株式の取得-20,242-12,570-15,607-27,979-27,992-5,282-13,229-13,230-40,934-38,288-59,925-59,936-
自己株式の売却-------------
配当金の支払-36,472-22,804-22,804-43,964-43,964-22,893-22,893-45,044-45,044-22,484-22,484-43,620-
財務CF-72,286-39,205-46,043-83,248-25,336-48,285-54,474-65,364-97,670-65,316-91,500-111,379-
換算差額-853-806-964-683-743-586-363-78-494-103-299-298-
その他16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
設備投資額23,278---13,054---11,666----
研究開発費1,425---1,609---1,983----
発行済株式総数76,023,358株75,376,354株75,376,354株75,404,399株74,891,596株74,912,706株74,657,618株74,251,621株74,298,297株72,494,851株68,363,716株68,363,716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16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
従業員数16,054人---17,161人---17,646人----
売上/従業員(千円)93,25493,25493,25493,25493,25490,73090,73090,73090,73090,17290,17290,172-
営利/従業員(千円)7,4857,4857,4857,4857,4857,3647,3647,3647,3647,2007,2007,200-