通期売上(百万円)
通期利益(百万円)
P/L2017.12018.12019.12020.1
売上2,026,9312,159,3632,160,3162,367,000
前期比109.0%106.5%100.0%109.6%
売上原価1,608,6341,714,2811,715,719-
売上総利益418,297445,082444,596-
%20.6%20.6%20.6%-
販管費234,132249,541255,373-
営業利益184,164195,540189,223205,000
前期比123.1%106.2%96.8%108.3%
%9.1%9.1%8.8%8.7%
受取利息および受取配当金3,5564,0364,027-
持分法による投資利益10,0228,1837,750-
営業外収益16,35016,06815,046-
支払利息2,3263,7334,722-
持分法による投資損失----
営業外費用9,5267,9299,078-
経常利益190,989203,678195,190208,000
固定資産売却益----
投資有価証券売却益-13,094-
特別利益-10,4783,275-
固定資産売却損----
投資有価証券売却損-2,8792-
減損損失5,1547,7919,392-
特別損失5,69018,16811,074-
税引前利益185,299195,988187,392-
法人税等58,40256,79657,774-
%31.5%29.0%30.8%-
当期純利益126,896139,192129,618-
非支配株主に帰属する当期純利益5,0435,9671,035-
親会社株主に帰属する当期純利益121,853133,224128,582139,000
前期比144.5%109.3%96.5%108.1%
%6.0%6.2%6.0%5.9%
 
EBITDA207,289217,523211,378227,155
EPS176.6円193.1円186.9円203.4円
BPS1,598.9円1,731.6円1,718.8円-
期初会社予想2017.12018.12019.12020.1
売上高(期初予)1,985,0002,144,0002,185,0002,367,000
対実績比102.1%100.7%98.9%-
営業利益(期初予)170,000192,000200,000205,000
対実績比108.3%101.8%94.6%-
純利益(期初予)111,000128,000136,000139,000
対実績比109.8%104.1%94.5%-
配当
ROEデュポン分解
マルチプル2017.12018.12019.12020.1
企業価値1,535,5811,669,3191,408,357-
時価総額1,261,7981,378,8141,118,934-
純有利子負債273,783290,505289,423-
PER(会予)11.2倍10.8倍8.8倍-
PBR1.1倍1.2倍0.9倍-
PER × PBR12.8倍12.4倍8.3倍-
EV/EBITDA(会予)7.8倍7.8倍6.8倍-
PSR(会予)0.6倍0.6倍0.5倍-
PCFR(会予)9.3倍9.2倍7.5倍-
配当金64.0円77.0円79.0円81.0円
配当利回り3.5%3.9%4.9%-
配当性向36.2%39.9%42.3%-
自己資本配当率4.0%4.4%4.6%-
ROE11.0%11.1%10.9%-
%6.0%6.2%6.0%5.9%
総資産回転率0.9回0.9回0.9回-
財務レバレッジ2.0倍2.0倍2.0倍-
実質ROE10.7%11.1%10.8%-
ROIC7.9%7.7%7.2%-
ROA5.6%5.5%5.3%-
自己資本比率(%)
利益剰余金(百万円)
有利子負債(百万円)
B/S2017.12018.12019.12020.1
流動資産
現金212,808325,834343,358-
売上債権49,03145,87742,503-
棚卸資産7,2107,6278,546-
有価証券1,399589--
前払金----
繰延税金資産30,22929,07524,806-
貸倒引当金-1,172-1,270-1,440-
流動資産1,355,0291,572,6691,594,124-
固定資産
建物・構築物354,011348,783346,776-
機械・運搬具63,59062,59863,926-
土地325,073322,502304,370-
建設仮勘定24,95026,11721,888-
有形固定資産563,682552,814530,394-
のれん486,1674,586-
無形固定資産13,34522,01620,566-
投資有価証券149,515173,802156,959-
繰延税金資産2,7273,08012,939-
貸倒引当金-460-431-218-
敷金および保証金----
投資その他の資産252,837271,512267,967-
固定資産829,865846,343818,929-
総資産2,184,8952,419,0122,413,053-
 
負債
有利子負債合計486,591616,339632,781-
仕入債務000-
前受金----
未払法人税等34,31132,20033,008-
繰延税金負債(固定)6,46012,4991,108-
負債1,066,6301,210,8911,216,130-
 
純資産
資本金202,591202,591202,591-
資本剰余金253,559251,563251,563-
利益剰余金577,663626,961700,949-
自己株式-37,248-948-4,215-
非支配株主持分14,21112,38413,312-
総資産1,118,2641,208,1211,196,923-
キャッシュフロー(百万円)
研究開発費(百万円)
C/S2017.12018.12019.12020.1
営業CF
税金等調整前当期純利益185,299195,988187,392-
減価償却費23,12521,98322,155-
のれん償却額----
減損損失5,1547,7919,392-
受取利息及び受取配当金-3,556-4,037-4,027-
売上債権の増減額7924,4063,158-
棚卸資産の増減額-62,73219,1064,850-
仕入債務の増減額34,692-13,242-29,518-
営業CF115,820165,355125,088-
投資CF
有価証券の取得-6,462-5,467-5,966-
有価証券の売却・償還9092,8865,831-
固定資産の購入-94,588-62,899-53,877-
固定資産の売却4482,8324,467-
貸付け----
貸付金の回収----
投資CF-107,397-76,150-70,184-
財務CF
短期借入金の純増減額6,63655,53644,221-
長期借入れ155,59459,38548,689-
長期借入金の返済-145,600-36,384-50,806-
社債の発行80,000120,000--
社債の償還--76,014-15,000-
自己株式の取得-22,015-19-3,374-
自己株式の売却----
配当金の支払-41,087-47,627-54,532-
財務CF5,51130,154-31,030-
換算差額-1,572632-5,668-
その他2017.12018.12019.12020.1
設備投資額94,64664,76853,683-
研究開発費-5,1816,041-
発行済株式総数690,072,590株690,097,217株688,151,505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2017.12018.12019.12020.1
従業員数23,299人24,391人24,775人-
売上/従業員(千円)86,99688,53187,197-
営利/従業員(千円)7,9048,0177,638-
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2,026,931440,7081,009,4841,494,7452,159,363459,9471,002,6211,488,1132,160,316477,1561,207,8351,735,2282,367,000
前期比109.0%21.7%49.8%73.7%106.5%21.3%46.4%68.9%100.0%22.1%55.9%80.3%109.6%
売上原価1,608,634348,501798,5661,184,9191,714,281367,040798,2741,185,8761,715,719378,463962,4001,382,090-
売上総利益418,29792,207210,917309,826445,08292,907204,346302,237444,59698,693245,434353,138-
%20.6%20.9%20.9%20.7%20.6%20.2%20.4%20.3%20.6%20.7%20.3%20.4%-
販管費234,13258,321120,531182,807249,54161,776125,697188,200255,37364,518132,393198,143-
営業利益184,16433,88590,385127,019195,54031,13078,649114,036189,22334,174113,041154,994205,000
前期比123.1%18.4%49.1%69.0%106.2%15.9%40.2%58.3%96.8%18.1%59.7%81.9%108.3%
%9.1%7.7%9.0%8.5%9.1%6.8%7.8%7.7%8.8%7.2%9.4%8.9%8.7%
受取利息および受取配当金3,5564202,0092,4774,0364232,1232,6094,0273952,2173,547-
持分法による投資利益10,0222,1664,1864,8058,1831,7794,3275,2607,7501,3975,7737,942-
営業外収益16,3503,1607,93310,41416,0682,7397,69410,37215,0463,0979,33913,858-
支払利息2,3265621,2772,1763,7331,0132,1793,4164,7221,5192,9423,989-
持分法による投資損失-------------
営業外費用9,5261,5752,6674,8677,9291,7263,7456,0219,0782,3255,8267,822-
経常利益190,98935,47195,651132,566203,67832,14382,598118,387195,19034,946116,554161,030208,000
固定資産売却益-------------
投資有価証券売却益---11--2343,094----
特別利益-88888888910,478-1814153,275--12,238-
固定資産売却損-------------
投資有価証券売却損--2,8792,8792,879-222----
減損損失5,1542532457,791203803819,3922272272-
特別損失5,6902329,3219,88318,16824277296111,0742938331,141-
税引前利益185,29936,12787,219123,572195,98831,90182,007117,842187,39234,653115,720172,128-
法人税等58,40210,00925,68937,04056,7969,66224,27034,91657,77410,89632,95248,492-
%31.5%27.7%29.5%30.0%29.0%30.3%29.6%29.6%30.8%31.4%28.5%28.2%-
当期純利益126,89626,11861,52986,532139,19222,23857,73682,925129,61823,75682,768123,635-
非支配株主に帰属する当期純利益5,0433015206675,967-131-11111,0351035,3236,168-
親会社株主に帰属する当期純利益121,85325,81661,00885,865133,22422,36957,84782,923128,58223,65377,444117,467139,000
前期比144.5%21.2%50.1%70.5%109.3%16.8%43.4%62.2%96.5%18.4%60.2%91.4%108.1%
%6.0%5.9%6.0%5.7%6.2%4.9%5.8%5.6%6.0%5.0%6.4%6.8%5.9%
 
EBITDA207,289207,289207,289207,289217,523217,523217,523217,523211,378211,378211,378211,378227,155
EPS176.6円176.6円193.1円193.1円193.1円193.1円186.3円186.9円186.9円186.9円186.8円188.1円203.4円
BPS1,598.9円1,598.9円1,637.9円1,656.8円1,731.6円1,731.6円1,733.1円1,726.0円1,718.8円1,718.8円1,770.8円1,781.1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)1,985,0002,144,0002,144,0002,144,0002,144,0002,185,0002,185,0002,185,0002,185,0002,367,0002,367,0002,367,0002,367,000
対実績比102.1%20.6%47.1%69.7%100.7%21.1%45.9%68.1%98.9%20.2%51.0%73.3%-
営業利益(期初予)170,000192,000192,000192,000192,000200,000200,000200,000200,000205,000205,000205,000205,000
対実績比108.3%17.6%47.1%66.2%101.8%15.6%39.3%57.0%94.6%16.7%55.1%75.6%-
純利益(期初予)111,000128,000128,000128,000128,000136,000136,000136,000136,000139,000139,000139,000139,000
対実績比109.8%20.2%47.7%67.1%104.1%16.4%42.5%61.0%94.5%17.0%55.7%84.5%-
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1,535,5811,550,0721,725,5631,903,2091,669,3191,673,8051,716,4671,624,8341,408,3571,522,5901,392,8031,666,741-
時価総額1,261,7981,276,2891,319,0931,456,7631,378,8141,383,3001,312,2341,143,6291,118,9341,233,1671,263,5981,600,568-
純有利子負債273,783273,783406,470446,446290,505290,505404,233481,205289,423289,423129,20566,173-
PER(会予)11.2倍10.0倍10.3倍11.4倍10.8倍10.2倍9.6倍9.0倍8.8倍8.9倍9.1倍11.5倍-
PBR1.1倍1.2倍1.2倍1.3倍1.2倍1.2倍1.1倍1.0倍0.9倍1.0倍1.0倍1.3倍-
PER × PBR12.8倍11.5倍12.0倍14.5倍12.4倍11.8倍10.6倍8.7倍8.3倍9.2倍9.4倍15.1倍-
EV/EBITDA(会予)7.8倍7.2倍8.0倍8.8倍7.8倍7.5倍7.7倍7.9倍6.8倍6.7倍6.1倍7.3倍-
PSR(会予)0.6倍0.6倍0.6倍0.7倍0.6倍0.6倍0.6倍0.5倍0.5倍0.5倍0.5倍0.7倍-
PCFR(会予)9.3倍8.4倍8.7倍9.6倍9.2倍8.8倍8.3倍7.7倍7.5倍7.7倍7.8倍9.9倍-
配当金64.0円64.0円77.0円77.0円77.0円77.0円79.0円79.0円79.0円79.0円79.0円79.0円81.0円
配当利回り3.5%3.5%4.0%3.6%3.9%3.8%4.2%4.8%4.9%4.4%4.3%3.4%-
配当性向36.2%36.2%39.9%39.9%39.9%39.9%42.4%42.3%42.3%42.3%42.3%42.0%-
自己資本配当率4.0%4.0%4.7%4.6%4.4%4.4%4.6%4.6%4.6%4.6%4.5%4.4%-
ROE11.0%11.0%11.8%11.7%11.1%11.1%10.8%10.8%10.9%10.9%10.5%10.6%-
%6.0%5.9%6.0%5.7%6.2%4.9%5.8%5.6%6.0%5.0%6.4%6.8%5.9%
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0.9回0.9回0.9回0.9回0.8回-
財務レバレッジ2.0倍2.0倍2.0倍2.1倍2.0倍2.0倍2.0倍2.0倍2.0倍2.0倍2.0倍2.2倍-
実質ROE10.7%10.7%11.8%11.6%11.1%11.1%10.7%10.8%10.8%10.8%10.5%10.4%-
ROIC7.9%7.9%7.9%7.6%7.7%7.7%7.2%7.2%7.2%7.2%7.2%7.2%-
ROA5.6%5.6%5.8%5.5%5.5%5.5%5.5%5.4%5.3%5.3%5.3%4.9%-
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212,808188,295214,827240,583325,834177,978233,084166,511343,358264,507470,966553,763-
売上債権49,03149,03142,89774,80245,87745,87744,90048,93542,50342,50343,726120,943-
棚卸資産7,2107,2107,727-7,6277,6278,567-8,5468,5469,021--
有価証券1,3991,399449499589589589539-----
前払金-------------
繰延税金資産30,22926,91423,98728,55129,07522,95322,83427,61124,806----
貸倒引当金-1,172-1,133-1,148-1,142-1,270-1,219-1,199-1,428-1,440-1,413-1,476-1,204-
流動資産1,355,0291,459,4941,458,5821,556,8771,572,6691,424,2641,513,2851,550,3521,594,1241,560,3411,593,6821,777,775-
固定資産
建物・構築物354,011---348,783---346,776----
機械・運搬具63,590---62,598---63,926----
土地325,073321,481324,105325,704322,502323,226316,906303,344304,370294,307294,084307,513-
建設仮勘定24,95028,60134,28141,00226,11721,86725,12017,48721,88820,21423,60924,970-
有形固定資産563,682554,361562,883568,844552,814558,465553,195536,082530,394515,754514,068543,043-
のれん48---6,167---4,586----
無形固定資産13,34521,99021,99820,33722,01621,45721,39521,52820,56620,53519,83619,981-
投資有価証券149,515149,762152,103160,756173,802167,942168,941164,261156,959164,097171,587158,830-
繰延税金資産2,7273,0432,9313,1163,0805,0225,6245,68212,93932,55229,03830,490-
貸倒引当金-460-445-447-436-431-433-437-207-218-218-228-590-
敷金および保証金-------------
投資その他の資産252,837248,964251,973259,227271,512269,578270,379267,323267,967297,358301,409289,291-
固定資産829,865825,316836,855848,408846,343849,500844,970824,933818,929833,649835,314852,316-
総資産2,184,8952,284,8102,295,4372,405,2852,419,0122,273,7652,358,2552,375,2862,413,0532,393,9902,428,9962,630,092-
 
負債
有利子負債合計486,591486,591621,297687,029616,339616,339637,317647,716632,781632,781600,171619,936-
仕入債務000000000000-
前受金-------------
未払法人税等34,3117,35113,92613,47732,2008,69915,57414,97133,0087,56117,50723,721-
繰延税金負債(固定)6,4606,7297,20811,68112,49910,86010,4128,8091,1089198261,474-
負債1,066,6301,178,0141,150,2311,247,0811,210,8911,100,3771,148,7351,173,0111,216,1301,193,9181,198,2041,356,859-
 
純資産
資本金202,591202,591202,591202,591202,591202,591202,591202,591202,591202,591202,591202,591-
資本剰余金253,559251,563251,563251,563251,563251,563251,563251,563251,563251,467251,467251,467-
利益剰余金577,663545,117580,310579,624626,961621,715657,185655,338700,949696,548750,379762,857-
自己株式-37,248-968-976-977-948-942-934-4,297-4,215-4,186-3,747-13,747-
非支配株主持分14,21113,80514,16214,11512,38411,76312,73213,82413,31213,08911,12355,361-
総資産1,118,2641,106,7961,145,2061,158,2041,208,1211,173,3871,209,5201,202,2751,196,9231,200,0711,230,7921,273,233-
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185,29936,12787,219123,572195,98831,90182,007117,842187,39234,653115,720172,128-
減価償却費23,125-10,857-21,983-10,909-22,155-10,472--
のれん償却額-------------
減損損失5,1542532457,791203803819,3922272272-
受取利息及び受取配当金-3,556--2,009--4,037--2,124--4,027--2,217--
売上債権の増減額792-7,243-4,406-796-3,158--177--
棚卸資産の増減額-62,732--19,714-19,106--41,769-4,850-119,418--
仕入債務の増減額34,692--19,286--13,242--40,392--29,518--10,971--
営業CF115,820--2,998-165,355--62,294-125,088-233,186--
投資CF
有価証券の取得-6,4620-4960-5,4670-3,9070-5,9660-9,1490-
有価証券の売却・償還90902,74202,886058005,83106970-
固定資産の購入-94,5880-25,1840-62,8990-24,9080-53,8770-34,1440-
固定資産の売却448078502,832010404,4670680-
貸付け-------------
貸付金の回収-------------
投資CF-107,397--61,625--76,150--29,654--70,184--43,456--
財務CF
短期借入金の純増減額6,636-61,952-55,536-25,783-44,221--55,129--
長期借入れ155,594-49,112-59,385-22,317-48,689-43,033--
長期借入金の返済-145,600--8,022--36,384--2,031--50,806--10,235--
社債の発行80,000---120,000--------
社債の償還---36,211--76,014--15,000--15,000----
自己株式の取得-22,015--9--19--6--3,374--5--
自己株式の売却-------------
配当金の支払-41,087--22,088--47,627--27,611--54,532--27,533--
財務CF5,511-72,538-30,154-4,020--31,030--57,392--
換算差額-1,572--1,663-632--4,020--5,668--4,641--
その他16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
設備投資額94,646---64,768---53,683----
研究開発費----5,181---6,041----
発行済株式総数690,072,590株690,072,590株690,082,763株690,081,751株690,097,217株690,097,217株690,104,431株688,104,169株688,151,505株688,151,505株688,421,535株683,419,325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23,299人---24,391人---24,775人----
売上/従業員(千円)86,99686,99686,99686,99688,53188,53188,53188,53187,19787,19787,19787,197-
営利/従業員(千円)7,9047,9047,9047,9048,0178,0178,0178,0177,6387,6387,6387,638-