通期売上(百万円)
売上5y CAGR・予想:4.1 %
通期利益(百万円)
営利5y CAGR・予想:7.2 %
純利5y CAGR・予想:7.7 %
P/L
2018.32019.32020.32021.3E
売上435,982443,535460,118485,000
前期比105.5%101.7%103.7%105.4%
売上原価330,493334,197345,097-
売上総利益105,489109,338115,020-
%24.2%24.7%25.0%-
販管費75,37877,05778,224-
営業利益30,11132,28036,79537,600
前期比105.9%107.2%114.0%102.2%
%6.9%7.3%8.0%7.8%
受取利息および受取配当金789836837-
持分法による投資利益1,2921,2631,291-
営業外収益3,8104,0714,342-
支払利息9871,5881,291-
持分法による投資損失----
営業外費用2,0082,4702,257-
経常利益31,91333,88138,88039,200
固定資産売却益-829--
投資有価証券売却益117--
特別利益193727-
固定資産売却損-55102-
投資有価証券売却損1287142-
減損損失731269-
特別損失74345547-
税引前利益31,84134,47438,360-
法人税等10,89310,80812,644-
%34.2%31.4%33.0%-
当期純利益20,94823,66525,715-
非支配株主に帰属する当期純利益1,6031,3951,551-
親会社株主に帰属する当期純利益19,34422,26924,16324,700
前期比105.5%115.1%108.5%102.2%
%4.4%5.0%5.3%5.1%
 
EBITDA45,87149,14853,478-
EPS191.1円220.0円238.7円227.2円
BPS2,155.7円2,302.4円2,425.0円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)440,000450,000465,000485,000
対実績比99.1%98.6%99.0%-
営業利益(期初予)33,40033,10034,60037,600
対実績比90.2%97.5%106.3%-
純利益(期初予)21,50022,00023,00024,700
対実績比90.0%101.2%105.1%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価5,260円4,820円5,260円-
企業価値535,885488,035527,378-
時価総額532,499487,955532,497-
純有利子負債5,082-6,465-5,119-
PER(会予)24.8倍22.2倍23.2倍-
PBR2.5倍2.2倍2.2倍-
PER × PBR62.8倍47.9倍50.2倍-
EV/EBITDA(会予)11.1倍10.0倍10.3倍-
PSR(会予)1.2倍1.1倍1.1倍-
PCFR(会予)14.6倍12.9倍13.4倍-
配当金60.0円66.0円70.0円69.0円
配当利回り1.0%1.2%1.3%-
配当性向31.4%30.0%29.3%-
自己資本配当率2.8%2.9%2.9%-
ROE8.9%9.6%9.8%-
純利益率(再掲)4.4%5.0%5.3%-
総資産回転率1.1回1.1回1.1回-
財務レバレッジ1.8倍1.8倍1.7倍-
実質ROE8.8%9.5%9.8%-
ROIC7.1%7.7%8.1%-
ROA4.9%5.4%5.6%-
β0.670.400.34-
βの決定係数(R2)0.170.060.08-
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47,57353,87556,382-
売上債権52,28654,92656,043-
棚卸資産5,7085,4887,032-
有価証券338361618-
前払金----
繰延税金資産2,311---
貸倒引当金-226-247-231-
流動資産194,533208,047229,486-
固定資産
建物・構築物48,09648,38549,098-
機械・運搬具136,429138,517141,396-
土地22,74022,30122,197-
建設仮勘定6621,2431,099-
有形固定資産91,24689,44290,439-
のれん21,10820,95219,346-
無形固定資産30,31333,05932,598-
投資有価証券42,59741,64939,855-
繰延税金資産10,69511,491--
貸倒引当金-380-441-432-
敷金および保証金8,4478,8328,300-
投資その他の資産80,54279,56476,270-
固定資産202,102202,066199,309-
総資産396,635410,113428,796-
 
負債
有利子負債合計52,65547,41051,263-
仕入債務23,42022,99325,326-
前受金----
未払法人税等5,7695,3556,935-
繰延税金負債(固定)280312--
負債155,253153,015158,363-
 
純資産
資本金18,67518,67518,675-
資本剰余金34,24334,24334,243-
利益剰余金171,161186,248203,375-
自己株式-1,069-1,069-1,070-
非支配株主持分23,14424,01624,935-
純資産241,382257,098270,432-
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31,84134,47438,360-
減価償却費14,13315,07714,905-
のれん償却額1,6271,7911,778-
減損損失731269-
受取利息及び受取配当金-790-836-838-
売上債権の増減額-2,175-2,075-1,100-
棚卸資産の増減額-323309-1,548-
仕入債務の増減額5,033-419671-
営業CF25,49628,77133,896-
投資CF
有価証券の取得-1,987-1,048-1,194-
有価証券の売却・償還1,5441,143849-
固定資産の購入-14,494-13,898-16,626-
固定資産の売却221,624219-
貸付け-45-58-107-
貸付金の回収7610566-
投資CF-19,125-14,911-13,395-
財務CF
短期借入金の純増減額1962,234-1,476-
長期借入れ5866601,020-
長期借入金の返済-3,456-3,317-2,996-
社債の発行----
社債の償還-54-24-14-
自己株式の取得-10-1-
自己株式の売却----
配当金の支払-5,780-6,176-7,037-
財務CF-13,429-10,934-15,113-
換算差額-7-6-33-
その他
2018.32019.32020.32021.3E
設備投資額14,49415,84214,066-
研究開発費-559594-
発行済株式総数101,235,449株101,235,485株101,235,165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37,519人37,417人37,902人-
売上/従業員(千円)11,62011,85412,140-
営利/従業員(千円)803863971-
四半期売上(百万円)
売上5y CAGR・予想:4.1 %
四半期利益(百万円)
営利5y CAGR・予想:7.2 %
純利5y CAGR・予想:7.7 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上210,121319,303435,982104,531215,384324,710443,535109,423225,204339,040460,118110,188485,000
前期比105.5%105.9%105.5%102.4%102.5%101.7%101.7%104.7%104.6%104.4%103.7%100.7%105.4%
売上原価159,333242,175330,49379,331162,949245,157334,19782,852170,147255,093345,09782,531-
売上総利益50,78877,128105,48925,19952,43479,552109,33826,57155,05683,947115,02027,656-
%24.2%24.2%24.2%24.1%24.3%24.5%24.7%24.3%24.4%24.8%25.0%25.1%-
販管費37,85856,49775,37819,26238,55457,76577,05719,38938,83358,43078,22420,278-
営業利益12,92920,63030,1115,93713,87921,78732,2807,18116,22225,51736,7957,37837,600
前期比103.2%104.7%105.9%106.0%107.3%105.6%107.2%121.0%116.9%117.1%114.0%102.7%102.2%
%6.2%6.5%6.9%5.7%6.4%6.7%7.3%6.6%7.2%7.5%8.0%6.7%7.8%
受取利息および受取配当金550729789245574770836242554767837235-
持分法による投資利益3175311,292303736361,263574117111,29158-
営業外収益1,7502,5253,8107241,8252,8254,0711,1222,1933,1834,3421,105-
支払利息4927419873867951,1941,5883577199881,291489-
持分法による投資損失-------------
営業外費用8661,3822,0085811,1831,7642,4705861,1591,7012,257819-
経常利益13,81321,77331,9136,07914,52122,84833,8817,71717,25626,99938,8807,66439,200
固定資産売却益------829------
投資有価証券売却益001-31717------
特別利益001-31993726262627--
固定資産売却損---55565655102102102102--
投資有価証券売却損--1626322128729302414216-
減損損失0073-001-2139269--
特別損失007411812127834513213526654716-
税引前利益13,81321,77331,8415,96114,40322,58834,4747,61117,14726,75838,3607,648-
法人税等4,9777,67710,8932,2044,9797,78910,8082,6695,8369,03412,6442,775-
%36.0%35.3%34.2%37.0%34.6%34.5%31.4%35.1%34.0%33.8%33.0%36.3%-
当期純利益8,83614,09520,9483,7579,42414,79923,6654,94211,31017,72425,7154,872-
非支配株主に帰属する当期純利益7801,2091,6032946089481,3953947351,1511,551368-
親会社株主に帰属する当期純利益8,05612,88619,3443,4628,81513,85022,2694,54710,57416,57224,1634,50324,700
前期比101.3%102.6%105.5%102.1%109.4%107.5%115.1%131.3%120.0%119.7%108.5%99.0%102.2%
%3.8%4.0%4.4%3.3%4.1%4.3%5.0%4.2%4.7%4.9%5.3%4.1%5.1%
 
EBITDA20,47532,17445,87110,15622,32934,45849,14811,34624,51437,98353,47811,946-
EPS192.5円191.1円191.1円220.0円220.0円220.0円220.0円238.7円238.7円238.7円238.7円238.7円244.0円
BPS2,024.4円2,075.9円2,155.7円2,161.9円2,220.4円2,230.8円2,302.4円2,309.3円2,374.3円2,410.1円2,425.0円2,443.2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)440,000440,000440,000450,000450,000450,000450,000465,000465,000465,000465,000485,000485,000
対実績比47.8%72.6%99.1%23.2%47.9%72.2%98.6%23.5%48.4%72.9%99.0%22.7%-
営業利益(期初予)33,40033,40033,40033,10033,10033,10033,10034,60034,60034,60034,60037,60037,600
対実績比38.7%61.8%90.2%17.9%41.9%65.8%97.5%20.8%46.9%73.7%106.3%19.6%-
純利益(期初予)21,50021,50021,50022,00022,00022,00022,00023,00023,00023,00023,00024,70024,700
対実績比37.5%59.9%90.0%15.7%40.1%63.0%101.2%19.8%46.0%72.1%105.1%18.2%-
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5,160円6,130円5,260円5,220円4,995円5,140円4,820円4,970円5,660円5,920円5,260円5,020円-
企業価値501,415591,827535,885533,531485,225499,721488,035496,675579,967606,288527,378501,242-
時価総額518,632616,127532,499528,449505,671520,350487,955503,140572,992599,313532,497508,201-
純有利子負債-24,3003,3865,082-20,446-20,62980-6,465-17,0166,9757,197-5,119-6,959-
PER(会予)24.1倍28.7倍24.8倍24.0倍23.0倍23.7倍22.2倍21.9倍24.9倍26.1倍23.2倍20.6倍-
PBR2.6倍3.0倍2.5倍2.4倍2.3倍2.3倍2.2倍2.2倍2.4倍2.5倍2.2倍2.1倍-
PER × PBR63.1倍86.8倍62.8倍58.2倍53.1倍54.8倍47.9倍47.2倍59.4倍65.0倍50.2倍42.3倍-
EV/EBITDA(会予)10.4倍12.3倍11.1倍10.9倍9.9倍10.2倍10.0倍9.7倍11.3倍11.8倍10.3倍9.2倍-
PSR(会予)1.2倍1.4倍1.2倍1.2倍1.1倍1.2倍1.1倍1.1倍1.2倍1.3倍1.1倍1.0倍-
PCFR(会予)14.3倍17.0倍14.6倍14.0倍13.4倍13.8倍12.9倍12.6倍14.4倍15.0倍13.4倍12.3倍-
配当金--60.0円---66.0円---70.0円-70.0円
配当利回り1.1%0.9%1.0%1.1%1.2%1.2%1.2%1.3%1.2%1.1%1.3%1.4%-
配当性向--31.4%---30.0%---29.3%--
自己資本配当率3.0%2.9%2.8%3.1%3.0%3.0%2.9%3.0%2.9%2.9%2.9%2.9%-
ROE9.5%9.2%8.9%10.2%9.9%9.9%9.6%10.3%10.1%9.9%9.8%9.8%-
純利益率(再掲)3.8%4.0%4.4%3.3%4.1%4.3%5.0%4.2%4.7%4.9%5.3%4.1%-
総資産回転率1.2回1.1回1.1回1.1回1.1回1.1回1.1回1.1回1.0回1.0回1.1回1.0回-
財務レバレッジ1.8倍1.9倍1.8倍1.8倍1.8倍1.9倍1.8倍1.8倍1.9倍1.9倍1.7倍1.9倍-
実質ROE9.4%9.2%8.8%10.1%9.9%9.8%9.5%10.3%10.0%9.9%9.8%9.7%-
ROIC8.3%7.5%7.1%8.7%8.5%7.8%7.7%9.0%8.1%7.9%8.1%8.3%-
ROA5.2%4.8%4.9%5.7%5.7%5.3%5.4%5.8%5.4%5.2%5.6%5.3%-
β0.480.610.670.570.500.460.400.320.340.390.340.31-
βの決定係数(R2)0.100.150.170.110.090.090.060.050.050.080.080.09-
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51,05343,84547,57347,97747,47348,76253,87550,97652,06654,98756,38252,165-
売上債権47,12846,77152,28643,60947,31145,08354,92648,43250,92650,61356,04346,239-
棚卸資産5,6746,2345,7086,1436,0306,1785,4885,8335,8796,5367,0327,560-
有価証券134340338306456210361456631823618719-
前払金-------------
繰延税金資産--2,311----------
貸倒引当金-200-197-226-209-218-208-247-256-267-255-231-246-
流動資産182,394205,137194,533187,749190,421215,551208,047217,745244,134257,327229,486228,388-
固定資産
建物・構築物--48,096---48,385---49,098--
機械・運搬具--136,429---138,517---141,396--
土地--22,740---22,301---22,197--
建設仮勘定--662---1,243---1,099--
有形固定資産86,57986,64691,24690,51290,22189,98189,44289,10190,21890,43190,439104,390-
のれん21,96021,53221,10822,24821,82521,37620,95220,65320,22119,76719,34632,403-
無形固定資産29,28428,93230,31331,48930,83330,26233,05932,57832,46031,79032,59845,390-
投資有価証券41,98743,18942,59741,93442,50740,81541,64940,34141,05142,33039,85542,182-
繰延税金資産--10,695---11,491------
貸倒引当金-390-398-380-379-398-432-441-417-423-427-432-408-
敷金および保証金--8,447---8,832---8,300--
投資その他の資産77,14878,59880,54281,02282,32182,12379,56478,96280,60082,54576,27081,625-
固定資産193,013194,177202,102203,024203,375202,367202,066200,642203,278204,767199,309231,406-
総資産375,407399,315396,635390,774393,797417,918410,113418,388447,413462,095428,796459,794-
 
負債
有利子負債合計26,75347,23152,65527,53126,84448,84247,41033,96059,04162,18451,26345,206-
仕入債務17,25318,42623,42016,77816,55616,60922,99319,42420,92521,49825,32618,055-
前受金-------------
未払法人税等4,2471,9205,7691,1684,3562,1165,3551,4725,0273,3926,9351,702-
繰延税金負債(固定)--280---312------
負債145,929166,363155,253148,957145,693168,564153,015160,569182,653193,270158,363187,286-
 
純資産
資本金18,67518,67518,67518,67518,67518,67518,67518,67518,67518,67518,67518,675-
資本剰余金31,48934,24334,24334,24334,24334,24334,24334,24334,24334,24334,24334,031-
利益剰余金162,888164,702171,161171,582176,939178,834186,248187,252193,279195,783203,375204,283-
自己株式-2,020-1,068-1,069-1,069-1,069-1,069-1,069-1,069-1,070-1,070-1,070-1,071-
非支配株主持分26,00822,79423,14422,95823,32123,52224,01624,04024,39324,83424,93525,168-
純資産229,477232,951241,382241,816248,103249,354257,098257,818264,760268,824270,432272,507-
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13,81321,77331,8415,96114,40322,58834,4747,61117,14726,75838,3607,648-
減価償却費6,76710,34214,1333,7987,57311,34015,0773,7227,40511,13514,9053,943-
のれん償却額7791,2021,6274218771,3311,7914438871,3311,778625-
減損損失0073-001-2139269--
受取利息及び受取配当金-551-730-790-246-575-770-836-242-554-768-838-236-
売上債権の増減額2,9863,345-2,1759,2175,5227,749-2,0756,5234,0204,336-1,10011,242-
棚卸資産の増減額-605-1,499-323-459-631-865309-479-620-1,834-1,548-711-
仕入債務の増減額-2,506-1,3055,033-7,280-9,097-7,315-419-3,491-5,778-1,861671-8,709-
営業CF9,0495,46525,4967,27315,26516,73228,7713,32814,48922,86133,89611,647-
投資CF
有価証券の取得-1,292-1,796-1,987-144-427-693-1,048-180-523-570-1,194-1,509-
有価証券の売却・償還1,2641,4981,5442934458291,14312345056884984-
固定資産の購入-4,948-9,700-14,494-5,041-7,556-10,494-13,898-6,394-9,430-13,162-16,626-4,132-
固定資産の売却016222041551641,6241952162082193-
貸付け-33-28-45-9-24-35-58-11-77-93-107-18-
貸付金の回収5163762175921051932536628-
投資CF-11,717-15,559-19,125-6,252-8,896-12,699-14,911-4,708-7,748-11,495-13,395-19,461-
財務CF
短期借入金の純増減額5,1509,8941964,6926657,9072,2345,210-3242,571-1,4768,203-
長期借入れ3585775861551453606601452254601,0201,748-
長期借入金の返済-1,725-2,605-3,456-860-1,716-2,523-3,317-769-1,582-2,248-2,996-850-
社債の発行-------------
社債の償還-27-47-54-10-17-17-24--7-7-14--
自己株式の取得00-100000-1-1-10-
自己株式の売却-------------
配当金の支払-2,764-5,780-5,780-3,037-3,037-6,176-6,176-3,544-3,544-7,036-7,037-3,594-
財務CF-1,589-1,723-13,429-453-6,303-3,740-10,934-588-7,580-9,604-15,1133,937-
換算差額-6-4-7-17-7-10-62-21-19-33-14-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額4,9489,70014,4945,0417,55610,49415,8426,3949,43013,16214,0664,132-
研究開発費------559---594--
発行済株式総数100,510,087株101,235,479株101,235,449株101,235,405株101,235,405株101,235,485株101,235,485株101,235,389株101,235,255株101,235,186株101,235,165株101,235,164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--37,519人---37,417人---37,902人--
売上/従業員(千円)--11,620---11,854---12,140--
営利/従業員(千円)--803---863---971--
四半期売上(百万円)
売上5y CAGR・予想:4.1 %
四半期利益(百万円)
営利5y CAGR・予想:7.2 %
純利5y CAGR・予想:7.7 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上108,014109,182116,679104,531110,853109,326118,825109,423115,781113,836121,078110,188485,000
前期比107.3%106.7%104.4%102.4%102.6%100.1%101.8%104.7%104.4%104.1%101.9%100.7%105.4%
売上原価81,85482,84288,31879,33183,61882,20889,04082,85287,29584,94690,00482,531-
売上総利益26,16126,34028,36125,19927,23527,11829,78626,57128,48528,89131,07327,656-
%24.2%24.1%24.3%24.1%24.6%24.8%25.1%24.3%24.6%25.4%25.7%25.1%-
販管費18,83018,63918,88119,26219,29219,21119,29219,38919,44419,59719,79420,278-
営業利益7,3307,7019,4815,9377,9427,90810,4937,1819,0419,29511,2787,37837,600
前期比109.5%107.2%108.9%106.0%108.3%102.7%110.7%121.0%113.8%117.5%107.5%102.7%102.2%
%6.8%7.1%8.1%5.7%7.2%7.2%8.8%6.6%7.8%8.2%9.3%6.7%7.8%
受取利息および受取配当金000245000242000235-
持分法による投資利益233214761303432636275735430058058-
営業外収益9107751,2857241,1011,0001,2461,1221,0719901,1591,105-
支払利息252249246386409399394357362269303489-
持分法による投資損失000-000-000--
営業外費用448516626581602581706586573542556819-
経常利益7,7927,96010,1406,0798,4428,32711,0337,7179,5399,74311,8817,66439,200
固定資産売却益000-00829-000--
投資有価証券売却益001-3140-000--
特別利益001-31691826001--
固定資産売却損0005510-1102000--
投資有価証券売却損00162115866291-611816-
減損損失0073-001-2137130--
特別損失0074118315767132313128116-
税引前利益7,7927,96010,0685,9618,4428,18511,8867,6119,5369,61111,6027,648-
法人税等2,7122,7003,2162,2042,7752,8103,0192,6693,1673,1983,6102,775-
%34.8%33.9%31.9%37.0%32.9%34.3%25.4%35.1%33.2%33.3%31.1%36.3%-
当期純利益5,0805,2596,8533,7575,6675,3758,8664,9426,3686,4147,9914,872-
非支配株主に帰属する当期純利益417429394294314340447394341416400368-
親会社株主に帰属する当期純利益4,6644,8306,4583,4625,3535,0358,4194,5476,0275,9987,5914,50324,700
前期比106.3%104.8%111.9%102.1%114.8%104.2%130.4%131.3%112.6%119.1%90.2%99.0%102.2%
%4.3%4.4%5.5%3.3%4.8%4.6%7.1%4.2%5.2%5.3%6.3%4.1%5.1%
 
EBITDA20,47532,17445,87110,15622,32934,45849,14811,34624,51437,98353,47811,946-
EPS192.5円191.1円191.1円220.0円220.0円220.0円220.0円238.7円238.7円238.7円238.7円238.7円244.0円
BPS2,024.4円2,075.9円2,155.7円2,161.9円2,220.4円2,230.8円2,302.4円2,309.3円2,374.3円2,410.1円2,425.0円2,443.2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)440,000440,000440,000450,000450,000450,000450,000465,000465,000465,000465,000485,000485,000
対実績比47.8%72.6%99.1%23.2%47.9%72.2%98.6%23.5%48.4%72.9%99.0%22.7%-
営業利益(期初予)33,40033,40033,40033,10033,10033,10033,10034,60034,60034,60034,60037,60037,600
対実績比38.7%61.8%90.2%17.9%41.9%65.8%97.5%20.8%46.9%73.7%106.3%19.6%-
純利益(期初予)21,50021,50021,50022,00022,00022,00022,00023,00023,00023,00023,00024,70024,700
対実績比37.5%59.9%90.0%15.7%40.1%63.0%101.2%19.8%46.0%72.1%105.1%18.2%-
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5,160円6,130円5,260円5,220円4,995円5,140円4,820円4,970円5,660円5,920円5,260円5,020円-
企業価値501,415591,827535,885533,531485,225499,721488,035496,675579,967606,288527,378501,242-
時価総額518,632616,127532,499528,449505,671520,350487,955503,140572,992599,313532,497508,201-
純有利子負債-24,3003,3865,082-20,446-20,62980-6,465-17,0166,9757,197-5,119-6,959-
PER(会予)24.1倍28.7倍24.8倍24.0倍23.0倍23.7倍22.2倍21.9倍24.9倍26.1倍23.2倍20.6倍-
PBR2.6倍3.0倍2.5倍2.4倍2.3倍2.3倍2.2倍2.2倍2.4倍2.5倍2.2倍2.1倍-
PER × PBR63.1倍86.8倍62.8倍58.2倍53.1倍54.8倍47.9倍47.2倍59.4倍65.0倍50.2倍42.3倍-
EV/EBITDA(会予)10.4倍12.3倍11.1倍10.9倍9.9倍10.2倍10.0倍9.7倍11.3倍11.8倍10.3倍9.2倍-
PSR(会予)1.2倍1.4倍1.2倍1.2倍1.1倍1.2倍1.1倍1.1倍1.2倍1.3倍1.1倍1.0倍-
PCFR(会予)14.3倍17.0倍14.6倍14.0倍13.4倍13.8倍12.9倍12.6倍14.4倍15.0倍13.4倍12.3倍-
配当金--60.0円---66.0円---70.0円-70.0円
配当利回り1.1%0.9%1.0%1.1%1.2%1.2%1.2%1.3%1.2%1.1%1.3%1.4%-
配当性向--31.4%---30.0%---29.3%--
自己資本配当率3.0%2.9%2.8%3.1%3.0%3.0%2.9%3.0%2.9%2.9%2.9%2.9%-
ROE9.5%9.2%8.9%10.2%9.9%9.9%9.6%10.3%10.1%9.9%9.8%9.8%-
純利益率(再掲)3.8%4.0%4.4%3.3%4.1%4.3%5.0%4.2%4.7%4.9%5.3%4.1%-
総資産回転率1.2回1.1回1.1回1.1回1.1回1.1回1.1回1.1回1.0回1.0回1.1回1.0回-
財務レバレッジ1.8倍1.9倍1.8倍1.8倍1.8倍1.9倍1.8倍1.8倍1.9倍1.9倍1.7倍1.9倍-
実質ROE9.4%9.2%8.8%10.1%9.9%9.8%9.5%10.3%10.0%9.9%9.8%9.7%-
ROIC8.3%7.5%7.1%8.7%8.5%7.8%7.7%9.0%8.1%7.9%8.1%8.3%-
ROA5.2%4.8%4.9%5.7%5.7%5.3%5.4%5.8%5.4%5.2%5.6%5.3%-
β0.480.610.670.570.500.460.400.320.340.390.340.31-
βの決定係数(R2)0.100.150.170.110.090.090.060.050.050.080.080.09-
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51,05343,84547,57347,97747,47348,76253,87550,97652,06654,98756,38252,165-
売上債権47,12846,77152,28643,60947,31145,08354,92648,43250,92650,61356,04346,239-
棚卸資産5,6746,2345,7086,1436,0306,1785,4885,8335,8796,5367,0327,560-
有価証券134340338306456210361456631823618719-
前払金-------------
繰延税金資産--2,311----------
貸倒引当金-200-197-226-209-218-208-247-256-267-255-231-246-
流動資産182,394205,137194,533187,749190,421215,551208,047217,745244,134257,327229,486228,388-
固定資産
建物・構築物--48,096---48,385---49,098--
機械・運搬具--136,429---138,517---141,396--
土地--22,740---22,301---22,197--
建設仮勘定--662---1,243---1,099--
有形固定資産86,57986,64691,24690,51290,22189,98189,44289,10190,21890,43190,439104,390-
のれん21,96021,53221,10822,24821,82521,37620,95220,65320,22119,76719,34632,403-
無形固定資産29,28428,93230,31331,48930,83330,26233,05932,57832,46031,79032,59845,390-
投資有価証券41,98743,18942,59741,93442,50740,81541,64940,34141,05142,33039,85542,182-
繰延税金資産--10,695---11,491------
貸倒引当金-390-398-380-379-398-432-441-417-423-427-432-408-
敷金および保証金--8,447---8,832---8,300--
投資その他の資産77,14878,59880,54281,02282,32182,12379,56478,96280,60082,54576,27081,625-
固定資産193,013194,177202,102203,024203,375202,367202,066200,642203,278204,767199,309231,406-
総資産375,407399,315396,635390,774393,797417,918410,113418,388447,413462,095428,796459,794-
 
負債
有利子負債合計26,75347,23152,65527,53126,84448,84247,41033,96059,04162,18451,26345,206-
仕入債務17,25318,42623,42016,77816,55616,60922,99319,42420,92521,49825,32618,055-
前受金-------------
未払法人税等4,2471,9205,7691,1684,3562,1165,3551,4725,0273,3926,9351,702-
繰延税金負債(固定)--280---312------
負債145,929166,363155,253148,957145,693168,564153,015160,569182,653193,270158,363187,286-
 
純資産
資本金18,67518,67518,67518,67518,67518,67518,67518,67518,67518,67518,67518,675-
資本剰余金31,48934,24334,24334,24334,24334,24334,24334,24334,24334,24334,24334,031-
利益剰余金162,888164,702171,161171,582176,939178,834186,248187,252193,279195,783203,375204,283-
自己株式-2,020-1,068-1,069-1,069-1,069-1,069-1,069-1,069-1,070-1,070-1,070-1,071-
非支配株主持分26,00822,79423,14422,95823,32123,52224,01624,04024,39324,83424,93525,168-
純資産229,477232,951241,382241,816248,103249,354257,098257,818264,760268,824270,432272,507-
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13,81321,77331,8415,96114,40322,58834,4747,61117,14726,75838,3607,648-
減価償却費6,76710,34214,1333,7987,57311,34015,0773,7227,40511,13514,9053,943-
のれん償却額7791,2021,6274218771,3311,7914438871,3311,778625-
減損損失0073-001-2137130--
受取利息及び受取配当金-551-730-790-246-575-770-836-242-554-768-838-236-
売上債権の増減額2,9863,345-2,1759,2175,5227,749-2,0756,5234,0204,336-1,10011,242-
棚卸資産の増減額-605-1,499-323-459-631-865309-479-620-1,834-1,548-711-
仕入債務の増減額-2,506-1,3055,033-7,280-9,097-7,315-419-3,491-5,778-1,861671-8,709-
営業CF9,0495,46525,4967,27315,26516,73228,7713,32814,48922,86133,89611,647-
投資CF
有価証券の取得-1,292-1,796-1,987-144-427-693-1,048-180-523-570-1,194-1,509-
有価証券の売却・償還1,2641,4981,5442934458291,14312345056884984-
固定資産の購入-4,948-9,700-14,494-5,041-7,556-10,494-13,898-6,394-9,430-13,162-16,626-4,132-
固定資産の売却016222041551641,6241952162082193-
貸付け-33-28-45-9-24-35-58-11-77-93-107-18-
貸付金の回収5163762175921051932536628-
投資CF-11,717-15,559-19,125-6,252-8,896-12,699-14,911-4,708-7,748-11,495-13,395-19,461-
財務CF
短期借入金の純増減額5,1509,8941964,6926657,9072,2345,210-3242,571-1,4768,203-
長期借入れ3585775861551453606601452254601,0201,748-
長期借入金の返済-1,725-2,605-3,456-860-1,716-2,523-3,317-769-1,582-2,248-2,996-850-
社債の発行-------------
社債の償還-27-47-54-10-17-17-24--7-7-14--
自己株式の取得00-100000-1-1-10-
自己株式の売却-------------
配当金の支払-2,764-5,780-5,780-3,037-3,037-6,176-6,176-3,544-3,544-7,036-7,037-3,594-
財務CF-1,589-1,723-13,429-453-6,303-3,740-10,934-588-7,580-9,604-15,1133,937-
換算差額-6-4-7-17-7-10-62-21-19-33-14-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額4,9489,70014,4945,0417,55610,49415,8426,3949,43013,16214,0664,132-
研究開発費------559---594--
発行済株式総数100,510,087株101,235,479株101,235,449株101,235,405株101,235,405株101,235,485株101,235,485株101,235,389株101,235,255株101,235,186株101,235,165株101,235,164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--37,519人---37,417人---37,902人--
売上/従業員(千円)--11,620---11,854---12,140--
営利/従業員(千円)--803---863---971--