通期売上(百万円)
売上5y CAGR・予想:2.1 %
通期利益(百万円)
営利5y CAGR・予想:6.0 %
純利5y CAGR・予想:5.2 %
P/L
2018.32019.32020.32021.3E
売上401,569407,017406,004411,000
前期比106.1%101.4%99.8%101.2%
売上原価171,639171,107171,378-
売上総利益229,930235,910234,625-
%57.3%58.0%57.8%-
販管費186,466190,064188,950-
営業利益43,46345,84645,67547,000
前期比116.6%105.5%99.6%102.9%
%10.8%11.3%11.2%11.4%
受取利息および受取配当金5,8126,5627,532-
持分法による投資利益3,8833,5575,065-
営業外収益11,80812,88014,775-
支払利息652728875-
持分法による投資損失----
営業外費用2,2171,6041,972-
経常利益53,05457,12158,47859,000
固定資産売却益164122180-
投資有価証券売却益6602,2032,501-
特別利益8253,4392,715-
固定資産売却損553652-
投資有価証券売却損--996-
減損損失124,187457-
特別損失3994,7602,465-
税引前利益53,48155,80158,728-
法人税等14,82015,61913,889-
%27.7%28.0%23.6%-
当期純利益38,66040,18244,838-
非支配株主に帰属する当期純利益4,5955,2475,103-
親会社株主に帰属する当期純利益34,06434,93539,73537,000
前期比113.0%102.6%113.7%93.1%
%8.5%8.6%9.8%9.0%
 
EBITDA64,99567,08367,999-
EPS212.2円218.0円248.0円243.4円
BPS2,194.3円2,229.8円2,330.6円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)398,000418,000420,000411,000
対実績比100.9%97.4%96.7%-
営業利益(期初予)40,00046,50048,50047,000
対実績比108.7%98.6%94.2%-
純利益(期初予)30,50035,50036,50037,000
対実績比111.7%98.4%108.9%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価7,870円7,740円6,390円-
企業価値1,249,4971,203,808962,046-
時価総額1,301,3881,240,1491,023,734-
純有利子負債-15,965-34,299-61,688-
PER(会予)41.3倍31.8倍26.2倍-
PBR3.4倍3.4倍2.7倍-
PER × PBR139.0倍109.1倍72.0倍-
EV/EBITDA(会予)19.5倍17.3倍14.1倍-
PSR(会予)3.2倍3.0倍2.5倍-
PCFR(会予)24.0倍20.5倍16.7倍-
配当金34.0円44.0円46.0円46.0円
配当利回り0.4%0.4%0.7%-
配当性向16.0%20.2%18.5%-
自己資本配当率1.5%2.0%2.0%-
ROE9.7%9.8%10.6%-
純利益率(再掲)8.5%8.6%9.8%-
総資産回転率0.6回0.7回0.6回-
財務レバレッジ1.8倍1.7倍1.7倍-
実質ROE8.4%8.5%9.3%-
ROIC5.9%6.3%6.5%-
ROA5.4%5.6%6.3%-
β0.850.880.58-
βの決定係数(R2)0.230.240.11-
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151,788156,484175,638-
売上債権56,47952,88051,832-
棚卸資産28,13629,11228,771-
有価証券----
前払金----
繰延税金資産5,059---
貸倒引当金-254-262-249-
流動資産245,281247,637265,806-
固定資産
建物・構築物165,406165,641174,174-
機械・運搬具151,058151,994163,974-
土地44,56144,41544,293-
建設仮勘定9,40617,4685,154-
有形固定資産201,198200,071203,996-
のれん----
無形固定資産5,7274,7824,450-
投資有価証券163,591155,306139,780-
繰延税金資産2,8032,560--
貸倒引当金-129-114-101-
敷金および保証金----
投資その他の資産174,823166,040153,617-
固定資産381,749370,895362,064-
総資産627,031618,532627,871-
 
負債
有利子負債合計135,823122,185113,950-
仕入債務29,52827,98326,210-
前受金----
未払法人税等3,4043,9844,430-
繰延税金負債(固定)22,15121,075--
負債240,357226,253215,788-
 
純資産
資本金31,11731,11731,117-
資本剰余金41,52841,74241,475-
利益剰余金318,580347,740379,948-
自己株式-52,322-54,833-54,933-
非支配株主持分34,49535,00738,702-
純資産386,674392,279412,082-
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53,48155,80158,728-
減価償却費21,53221,23722,324-
のれん償却額----
減損損失124,187457-
受取利息及び受取配当金-5,812-6,562-7,533-
売上債権の増減額-1,4992,196656-
棚卸資産の増減額389-2,247-651-
仕入債務の増減額4,679-908-1,589-
営業CF61,98962,12562,791-
投資CF
有価証券の取得-1,143-916-15-
有価証券の売却・償還1,8004,4394,079-
固定資産の購入-22,332-29,384-20,585-
固定資産の売却269406454-
貸付け----
貸付金の回収----
投資CF-30,285-37,012-16,060-
財務CF
短期借入金の純増減額668-7,135-7,317-
長期借入れ30,00040,000--
長期借入金の返済-5,644-45,790-5,731-
社債の発行----
社債の償還----
自己株式の取得-36,005-5-2-
自己株式の売却-385114-
配当金の支払-5,450-5,923-7,520-
財務CF-21,969-22,980-25,631-
換算差額1,070-4,896290-
その他
2018.32019.32020.32021.3E
設備投資額25,12330,73020,631-
研究開発費-10,5638,968-
発行済株式総数160,495,707株160,225,836株160,208,756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25,993人27,279人28,395人-
売上/従業員(千円)15,44914,92114,298-
営利/従業員(千円)1,6721,6811,609-
四半期売上(百万円)
売上5y CAGR・予想:2.1 %
四半期利益(百万円)
営利5y CAGR・予想:6.0 %
純利5y CAGR・予想:5.2 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上197,728308,964401,56996,691203,507315,090407,01795,856201,960312,938406,00492,528411,000
前期比104.6%106.1%106.1%102.3%102.9%102.0%101.4%99.1%99.2%99.3%99.8%96.5%101.2%
売上原価83,965130,951171,63940,10285,448131,249171,10739,33484,507130,679171,37837,300-
売上総利益113,763178,012229,93056,589118,058183,840235,91056,522117,453182,258234,62555,228-
%57.5%57.6%57.3%58.5%58.0%58.3%58.0%59.0%58.2%58.2%57.8%59.7%-
販管費90,957138,082186,46646,57694,262142,956190,06446,54593,720140,719188,95044,181-
営業利益22,80639,93043,46310,01323,79540,88445,8469,97623,73241,53945,67511,04647,000
前期比121.7%121.7%116.6%100.3%104.3%102.4%105.5%99.6%99.7%101.6%99.6%110.7%102.9%
%11.5%12.9%10.8%10.4%11.7%13.0%11.3%10.4%11.8%13.3%11.2%11.9%11.4%
受取利息および受取配当金2,9374,5985,8122,0363,2095,0616,5622,2753,7705,9177,5322,287-
持分法による投資利益2,4184,5953,8839682,1513,4643,5571,1192,7154,0545,065911-
営業外収益6,30110,62611,8083,5566,62310,07812,8804,1847,63311,60114,7757,019-
支払利息315474652182364545728207436653875195-
持分法による投資損失-------------
営業外費用2,2472,3812,2179179041,6671,6044371,0501,2541,972355-
経常利益26,86048,17553,05412,65229,51549,29557,12113,72330,31551,88558,47817,71059,000
固定資産売却益71130164154683122204713318025-
投資有価証券売却益-6606601,3721,6321,6702,2039741,8582,1882,501--
特別利益727918251,3892,2232,2983,4391,0271,9382,3552,71595-
固定資産売却損1317554243036512195212-
投資有価証券売却損-------743804799996--
減損損失--12---4,187---457--
特別損失99231399741242304,7609551,4571,6452,465697-
税引前利益26,83348,73553,48113,96631,61351,36355,80113,79530,79752,59558,72817,108-
法人税等6,85612,40014,8202,9467,73813,22015,6193,9647,65712,94013,8893,905-
%25.6%25.4%27.7%21.1%24.5%25.7%28.0%28.7%24.9%24.6%23.6%22.8%-
当期純利益19,97736,33438,66011,02023,87538,14240,1829,83123,14039,65444,83813,203-
非支配株主に帰属する当期純利益2,0993,5804,5959962,5593,9075,2471,2022,4824,0285,1031,784-
親会社株主に帰属する当期純利益17,87832,75334,06410,02321,31534,23534,9358,62820,65735,62639,73511,41937,000
前期比119.5%122.3%113.0%124.7%119.2%104.5%102.6%86.1%96.9%104.1%113.7%132.3%93.1%
%9.0%10.6%8.5%10.4%10.5%10.9%8.6%9.0%10.2%11.4%9.8%12.3%9.0%
 
EBITDA33,33439,93064,99510,01334,26740,88467,0839,97634,64241,53967,99911,046-
EPS206.0円206.0円212.2円217.7円218.0円218.0円218.0円248.0円248.0円248.0円248.0円248.0円230.9円
BPS2,211.0円2,338.6円2,194.3円2,195.0円2,238.8円2,256.2円2,229.8円2,232.5円2,250.3円2,303.7円2,330.6円2,280.2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)398,000398,000398,000418,000418,000418,000418,000420,000420,000420,000420,000411,000411,000
対実績比49.7%77.6%100.9%23.1%48.7%75.4%97.4%22.8%48.1%74.5%96.7%22.5%-
営業利益(期初予)40,00040,00040,00046,50046,50046,50046,50048,50048,50048,50048,50047,00047,000
対実績比57.0%99.8%108.7%21.5%51.2%87.9%98.6%20.6%48.9%85.6%94.2%23.5%-
純利益(期初予)30,50030,50030,50035,50035,50035,50035,50036,50036,50036,50036,50037,00037,000
対実績比58.6%107.4%111.7%28.2%60.0%96.4%98.4%23.6%56.6%97.6%108.9%30.9%-
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8,110円8,500円7,870円7,400円9,310円7,720円7,740円6,350円6,040円6,030円6,390円6,350円-
企業価値1,309,7931,366,0211,249,4971,171,7031,476,6231,213,0931,203,808983,135922,988921,386962,046964,574-
時価総額1,341,0791,405,5671,301,3881,187,6681,494,2131,237,0291,240,1491,017,434967,550965,9481,023,7341,017,442-
純有利子負債-39,546-51,891-15,965-17,590-23,936-36,341-34,299-36,866-44,562-56,273-61,688-52,868-
PER(会予)44.0倍44.6倍41.3倍33.5倍42.1倍31.7倍31.8倍27.9倍26.5倍24.8倍26.2倍27.5倍-
PBR3.8倍3.8倍3.4倍3.4倍4.2倍3.4倍3.4倍2.8倍2.7倍2.7倍2.7倍2.8倍-
PER × PBR168.0倍171.5倍139.0倍112.8倍178.5倍109.4倍109.1倍79.4倍71.1倍66.4倍72.0倍76.6倍-
EV/EBITDA(会予)20.9倍21.3倍19.5倍17.2倍21.7倍17.4倍17.3倍14.1倍13.2倍13.7倍14.1倍13.9倍-
PSR(会予)3.4倍3.5倍3.2倍2.8倍3.6倍3.0倍3.0倍2.4倍2.3倍2.4倍2.5倍2.5倍-
PCFR(会予)25.2倍26.0倍24.0倍20.8倍26.2倍20.4倍20.5倍17.6倍16.8倍16.0倍16.7倍17.2倍-
配当金--34.0円---44.0円---46.0円-48.0円
配当利回り0.4%0.4%0.4%0.5%0.4%0.4%0.4%0.7%0.7%0.7%0.7%0.7%-
配当性向--16.0%---20.2%---18.5%--
自己資本配当率1.5%1.5%1.5%2.0%2.0%2.0%2.0%2.1%2.0%2.0%2.0%2.0%-
ROE9.3%8.8%9.7%9.9%9.7%9.7%9.8%11.1%11.0%10.8%10.6%10.9%-
純利益率(再掲)9.0%10.6%8.5%10.4%10.5%10.9%8.6%9.0%10.2%11.4%9.8%12.3%-
総資産回転率0.7回0.6回0.6回0.6回0.6回0.6回0.7回0.7回0.7回0.6回0.6回0.7回-
財務レバレッジ1.7倍1.7倍1.8倍1.8倍1.8倍1.8倍1.7倍1.7倍1.7倍1.7倍1.7倍1.7倍-
実質ROE8.4%8.0%8.4%8.6%8.4%8.4%8.5%9.6%9.6%9.4%9.3%9.5%-
ROIC6.1%5.8%5.9%6.3%6.2%6.1%6.3%6.7%6.7%6.6%6.5%6.8%-
ROA5.6%5.3%5.4%5.6%5.6%5.5%5.6%6.4%6.5%6.3%6.3%6.5%-
β0.640.750.850.840.840.920.880.960.950.950.580.58-
βの決定係数(R2)0.150.180.230.200.200.260.240.280.280.280.110.12-
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140,685154,998151,788148,289149,486168,960156,484153,543157,181170,564175,638154,923-
売上債権61,20665,54056,47959,54760,47761,62752,88056,91457,06259,26651,83253,746-
棚卸資産29,99628,68828,13630,04029,12730,02729,11231,04130,73027,94828,77129,037-
有価証券-------------
前払金-------------
繰延税金資産--5,059----------
貸倒引当金-252-280-254-249-241-284-262-273-275-303-249-206-
流動資産246,738263,427245,281249,342248,854269,278247,637253,657255,550267,554265,806248,777-
固定資産
建物・構築物87,73387,442165,40685,01384,44985,536165,64184,42185,51783,884174,17483,898-
機械・運搬具--151,058---151,994---163,974--
土地--44,561---44,415---44,293--
建設仮勘定--9,406---17,468---5,154--
有形固定資産194,885197,601201,198199,938197,820199,859200,071204,331200,014197,768203,996198,799-
のれん-------------
無形固定資産5,5735,4365,7275,5525,4675,3024,7824,6564,3664,1954,4504,270-
投資有価証券155,941165,201163,591162,746164,912152,384155,306145,265143,503148,632139,780144,138-
繰延税金資産--2,803---2,560------
貸倒引当金-75-75-129-124-116-114-114-112-111-106-101-92-
敷金および保証金-------------
投資その他の資産165,474175,098174,823173,926176,660164,563166,040155,897154,018159,347153,617157,315-
固定資産365,932378,136381,749379,418379,948369,724370,895364,885358,398361,310362,064360,385-
総資産612,671641,564627,031628,760628,802639,003618,532618,543613,949628,864627,871609,163-
 
負債
有利子負債合計101,139103,107135,823130,699125,550132,619122,185116,677112,619114,291113,950102,055-
仕入債務29,30829,67129,52832,15530,05730,54427,98326,84825,34527,90726,21025,358-
前受金-------------
未払法人税等4,2235,2143,4042,9954,4205,3243,9843,3484,5525,4464,4304,268-
繰延税金負債(固定)--22,151---21,075------
負債211,913217,700240,357241,744235,622240,142226,253224,233216,323222,251215,788210,339-
 
純資産
資本金31,11731,11731,11731,11731,11731,11731,11731,11731,11731,11731,11731,117-
資本剰余金41,52841,52841,52841,52841,64141,74941,74241,75041,75041,71141,47541,420-
利益剰余金329,333341,398318,580326,032337,324347,040347,740352,525364,554375,839379,948387,683-
自己株式-40,449-40,451-52,322-52,323-54,731-54,833-54,833-55,104-55,105-54,933-54,933-54,761-
非支配株主持分35,14437,15734,49534,72234,44837,35535,00736,68037,14537,54238,70233,474-
純資産400,758423,863386,674387,016393,180398,860392,279394,309397,625406,613412,082398,823-
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26,83348,73553,48113,96631,61351,36355,80113,79530,79752,59558,72817,108-
減価償却費10,528-21,532-10,472-21,237-10,910-22,324--
のれん償却額-------------
減損損失--12---4,187---457--
受取利息及び受取配当金-2,937--5,812--3,209--6,562--3,770--7,533--
売上債権の増減額-6,985--1,499--5,163-2,196--4,767-656--
棚卸資産の増減額-1,507-389--2,077--2,247--2,277--651--
仕入債務の増減額4,846-4,679--436--908--2,347--1,589--
営業CF26,339-61,989-22,465-62,125-22,365-62,791--
投資CF
有価証券の取得-6350-1,1430-110-9160-80-150-
有価証券の売却・償還001,80002,84404,43903,10804,0790-
固定資産の購入-11,5110-22,3320-13,0370-29,3840-12,6840-20,5850-
固定資産の売却154026902500406011804540-
貸付け-------------
貸付金の回収-------------
投資CF-14,641--30,285--13,399--37,012-349--16,060--
財務CF
短期借入金の純増減額-35-668--1,079--7,135--1,067--7,317--
長期借入れ--30,000---40,000------
長期借入金の返済-2,846--5,644--2,796--45,790--2,776--5,731--
社債の発行-------------
社債の償還-------------
自己株式の取得-3--36,005--2--5--1--2--
自己株式の売却------385---114--
配当金の支払-2,641--5,450--2,724--5,923--3,839--7,520--
財務CF-8,010--21,969--8,018--22,980--9,644--25,631--
換算差額1,653-1,070--3,738--4,896--1,115-290--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--25,123---30,730---20,631--
研究開発費------10,563---8,968--
発行済株式総数165,360,856株165,360,582株160,495,707株160,495,480株160,236,859株160,225,929株160,225,836株160,190,478株160,190,371株160,208,821株160,208,756株160,227,151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--25,993人---27,279人---28,395人--
売上/従業員(千円)--15,449---14,921---14,298--
営利/従業員(千円)--1,672---1,681---1,609--
四半期売上(百万円)
売上5y CAGR・予想:2.1 %
四半期利益(百万円)
営利5y CAGR・予想:6.0 %
純利5y CAGR・予想:5.2 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上103,247111,23692,60596,691106,816111,58391,92795,856106,104110,97893,06692,528411,000
前期比105.0%108.9%106.2%102.3%103.5%100.3%99.3%99.1%99.3%99.5%101.2%96.5%101.2%
売上原価44,04846,98640,68840,10245,34645,80139,85839,33445,17346,17240,69937,300-
売上総利益59,19964,24951,91856,58961,46965,78252,07056,52260,93164,80552,36755,228-
%57.3%57.8%56.1%58.5%57.5%59.0%56.6%59.0%57.4%58.4%56.3%59.7%-
販管費46,37447,12548,38446,57647,68648,69447,10846,54547,17546,99948,23144,181-
営業利益12,82617,1243,53310,01313,78217,0894,9629,97613,75617,8074,13611,04647,000
前期比111.5%121.7%79.1%100.3%107.5%99.8%140.4%99.6%99.8%104.2%83.4%110.7%102.9%
%12.4%15.4%3.8%10.4%12.9%15.3%5.4%10.4%13.0%16.0%4.4%11.9%11.4%
受取利息および受取配当金0002,0360002,2750002,287-
持分法による投資利益1,5612,177-7129681,1831,313931,1191,5961,3391,011911-
営業外収益2,9864,3251,1823,5563,0673,4552,8024,1843,4493,9683,1747,019-
支払利息158159178182182181183207229217222195-
持分法による投資損失000-000-000--
営業外費用975134-164917-13763-63437613204718355-
経常利益14,83721,3154,87912,65216,86319,7807,82613,72316,59221,5706,59317,71059,000
固定資産売却益275934153137392027864725-
投資有価証券売却益066001,37226038533974884330313--
特別利益26719341,389834751,1411,02791141736095-
固定資産売却損10438420665773312-
投資有価証券売却損000-00074361-5197--
減損損失0012-004,187-00457--
特別損失6913216874501064,530955502188820697-
税引前利益14,79321,9024,74613,96617,64719,7504,43813,79517,00221,7986,13317,108-
法人税等3,8785,5442,4202,9464,7925,4822,3993,9643,6935,2839493,905-
%26.2%25.3%51.0%21.1%27.2%27.8%54.1%28.7%21.7%24.2%15.5%22.8%-
当期純利益10,91616,3572,32611,02012,85514,2672,0409,83113,30916,5145,18413,203-
非支配株主に帰属する当期純利益1,0761,4811,0159961,5631,3481,3401,2021,2801,5461,0751,784-
親会社株主に帰属する当期純利益9,84014,8751,31110,02311,29212,9207008,62812,02914,9694,10911,41937,000
前期比103.8%125.9%38.9%124.7%114.8%86.9%53.4%86.1%106.5%115.9%587.0%132.3%93.1%
%9.5%13.4%1.4%10.4%10.6%11.6%0.8%9.0%11.3%13.5%4.4%12.3%9.0%
 
EBITDA33,33439,93064,99510,01334,26740,88467,0839,97634,64241,53967,99911,046-
EPS206.0円206.0円212.2円217.7円218.0円218.0円218.0円248.0円248.0円248.0円248.0円248.0円230.9円
BPS2,211.0円2,338.6円2,194.3円2,195.0円2,238.8円2,256.2円2,229.8円2,232.5円2,250.3円2,303.7円2,330.6円2,280.2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)398,000398,000398,000418,000418,000418,000418,000420,000420,000420,000420,000411,000411,000
対実績比49.7%77.6%100.9%23.1%48.7%75.4%97.4%22.8%48.1%74.5%96.7%22.5%-
営業利益(期初予)40,00040,00040,00046,50046,50046,50046,50048,50048,50048,50048,50047,00047,000
対実績比57.0%99.8%108.7%21.5%51.2%87.9%98.6%20.6%48.9%85.6%94.2%23.5%-
純利益(期初予)30,50030,50030,50035,50035,50035,50035,50036,50036,50036,50036,50037,00037,000
対実績比58.6%107.4%111.7%28.2%60.0%96.4%98.4%23.6%56.6%97.6%108.9%30.9%-
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8,110円8,500円7,870円7,400円9,310円7,720円7,740円6,350円6,040円6,030円6,390円6,350円-
企業価値1,309,7931,366,0211,249,4971,171,7031,476,6231,213,0931,203,808983,135922,988921,386962,046964,574-
時価総額1,341,0791,405,5671,301,3881,187,6681,494,2131,237,0291,240,1491,017,434967,550965,9481,023,7341,017,442-
純有利子負債-39,546-51,891-15,965-17,590-23,936-36,341-34,299-36,866-44,562-56,273-61,688-52,868-
PER(会予)44.0倍44.6倍41.3倍33.5倍42.1倍31.7倍31.8倍27.9倍26.5倍24.8倍26.2倍27.5倍-
PBR3.8倍3.8倍3.4倍3.4倍4.2倍3.4倍3.4倍2.8倍2.7倍2.7倍2.7倍2.8倍-
PER × PBR168.0倍171.5倍139.0倍112.8倍178.5倍109.4倍109.1倍79.4倍71.1倍66.4倍72.0倍76.6倍-
EV/EBITDA(会予)20.9倍21.3倍19.5倍17.2倍21.7倍17.4倍17.3倍14.1倍13.2倍13.7倍14.1倍13.9倍-
PSR(会予)3.4倍3.5倍3.2倍2.8倍3.6倍3.0倍3.0倍2.4倍2.3倍2.4倍2.5倍2.5倍-
PCFR(会予)25.2倍26.0倍24.0倍20.8倍26.2倍20.4倍20.5倍17.6倍16.8倍16.0倍16.7倍17.2倍-
配当金--34.0円---44.0円---46.0円-48.0円
配当利回り0.4%0.4%0.4%0.5%0.4%0.4%0.4%0.7%0.7%0.7%0.7%0.7%-
配当性向--16.0%---20.2%---18.5%--
自己資本配当率1.5%1.5%1.5%2.0%2.0%2.0%2.0%2.1%2.0%2.0%2.0%2.0%-
ROE9.3%8.8%9.7%9.9%9.7%9.7%9.8%11.1%11.0%10.8%10.6%10.9%-
純利益率(再掲)9.0%10.6%8.5%10.4%10.5%10.9%8.6%9.0%10.2%11.4%9.8%12.3%-
総資産回転率0.7回0.6回0.6回0.6回0.6回0.6回0.7回0.7回0.7回0.6回0.6回0.7回-
財務レバレッジ1.7倍1.7倍1.8倍1.8倍1.8倍1.8倍1.7倍1.7倍1.7倍1.7倍1.7倍1.7倍-
実質ROE8.4%8.0%8.4%8.6%8.4%8.4%8.5%9.6%9.6%9.4%9.3%9.5%-
ROIC6.1%5.8%5.9%6.3%6.2%6.1%6.3%6.7%6.7%6.6%6.5%6.8%-
ROA5.6%5.3%5.4%5.6%5.6%5.5%5.6%6.4%6.5%6.3%6.3%6.5%-
β0.640.750.850.840.840.920.880.960.950.950.580.58-
βの決定係数(R2)0.150.180.230.200.200.260.240.280.280.280.110.12-
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140,685154,998151,788148,289149,486168,960156,484153,543157,181170,564175,638154,923-
売上債権61,20665,54056,47959,54760,47761,62752,88056,91457,06259,26651,83253,746-
棚卸資産29,99628,68828,13630,04029,12730,02729,11231,04130,73027,94828,77129,037-
有価証券-------------
前払金-------------
繰延税金資産--5,059----------
貸倒引当金-252-280-254-249-241-284-262-273-275-303-249-206-
流動資産246,738263,427245,281249,342248,854269,278247,637253,657255,550267,554265,806248,777-
固定資産
建物・構築物87,73387,442165,40685,01384,44985,536165,64184,42185,51783,884174,17483,898-
機械・運搬具--151,058---151,994---163,974--
土地--44,561---44,415---44,293--
建設仮勘定--9,406---17,468---5,154--
有形固定資産194,885197,601201,198199,938197,820199,859200,071204,331200,014197,768203,996198,799-
のれん-------------
無形固定資産5,5735,4365,7275,5525,4675,3024,7824,6564,3664,1954,4504,270-
投資有価証券155,941165,201163,591162,746164,912152,384155,306145,265143,503148,632139,780144,138-
繰延税金資産--2,803---2,560------
貸倒引当金-75-75-129-124-116-114-114-112-111-106-101-92-
敷金および保証金-------------
投資その他の資産165,474175,098174,823173,926176,660164,563166,040155,897154,018159,347153,617157,315-
固定資産365,932378,136381,749379,418379,948369,724370,895364,885358,398361,310362,064360,385-
総資産612,671641,564627,031628,760628,802639,003618,532618,543613,949628,864627,871609,163-
 
負債
有利子負債合計101,139103,107135,823130,699125,550132,619122,185116,677112,619114,291113,950102,055-
仕入債務29,30829,67129,52832,15530,05730,54427,98326,84825,34527,90726,21025,358-
前受金-------------
未払法人税等4,2235,2143,4042,9954,4205,3243,9843,3484,5525,4464,4304,268-
繰延税金負債(固定)--22,151---21,075------
負債211,913217,700240,357241,744235,622240,142226,253224,233216,323222,251215,788210,339-
 
純資産
資本金31,11731,11731,11731,11731,11731,11731,11731,11731,11731,11731,11731,117-
資本剰余金41,52841,52841,52841,52841,64141,74941,74241,75041,75041,71141,47541,420-
利益剰余金329,333341,398318,580326,032337,324347,040347,740352,525364,554375,839379,948387,683-
自己株式-40,449-40,451-52,322-52,323-54,731-54,833-54,833-55,104-55,105-54,933-54,933-54,761-
非支配株主持分35,14437,15734,49534,72234,44837,35535,00736,68037,14537,54238,70233,474-
純資産400,758423,863386,674387,016393,180398,860392,279394,309397,625406,613412,082398,823-
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26,83348,73553,48113,96631,61351,36355,80113,79530,79752,59558,72817,108-
減価償却費10,528-21,532-10,472-21,237-10,910-22,324--
のれん償却額-------------
減損損失0012-004,187-00457--
受取利息及び受取配当金-2,937--5,812--3,209--6,562--3,770--7,533--
売上債権の増減額-6,985--1,499--5,163-2,196--4,767-656--
棚卸資産の増減額-1,507-389--2,077--2,247--2,277--651--
仕入債務の増減額4,846-4,679--436--908--2,347--1,589--
営業CF26,339-61,989-22,465-62,125-22,365-62,791--
投資CF
有価証券の取得-6350-1,1430-110-9160-80-150-
有価証券の売却・償還001,80002,84404,43903,10804,0790-
固定資産の購入-11,5110-22,3320-13,0370-29,3840-12,6840-20,5850-
固定資産の売却154026902500406011804540-
貸付け-------------
貸付金の回収-------------
投資CF-14,641--30,285--13,399--37,012-349--16,060--
財務CF
短期借入金の純増減額-35-668--1,079--7,135--1,067--7,317--
長期借入れ--30,000---40,000------
長期借入金の返済-2,846--5,644--2,796--45,790--2,776--5,731--
社債の発行-------------
社債の償還-------------
自己株式の取得-3--36,005--2--5--1--2--
自己株式の売却------385---114--
配当金の支払-2,641--5,450--2,724--5,923--3,839--7,520--
財務CF-8,010--21,969--8,018--22,980--9,644--25,631--
換算差額1,653-1,070--3,738--4,896--1,115-290--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--25,123---30,730---20,631--
研究開発費------10,563---8,968--
発行済株式総数165,360,856株165,360,582株160,495,707株160,495,480株160,236,859株160,225,929株160,225,836株160,190,478株160,190,371株160,208,821株160,208,756株160,227,151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--25,993人---27,279人---28,395人--
売上/従業員(千円)--15,449---14,921---14,298--
営利/従業員(千円)--1,672---1,681---1,609--