通期売上(百万円)
通期利益(百万円)
P/L2017.32018.32019.32020.3
売上402,174430,602453,565465,200
前期比98.5%107.1%105.3%102.6%
売上原価242,343260,426277,805-
売上総利益159,830170,176175,759-
%39.7%39.5%38.8%-
販管費126,988133,673137,341-
営業利益32,84236,50238,41739,120
前期比100.7%111.1%105.2%101.8%
%8.2%8.5%8.5%8.4%
受取利息および受取配当金1,5171,2441,364-
持分法による投資利益4172126-
営業外収益4,4586,7838,077-
支払利息762304131-
持分法による投資損失----
営業外費用5,2647,3008,569-
経常利益32,03735,98537,92538,400
固定資産売却益----
投資有価証券売却益1663,9811,484-
特別利益2133,9812,714-
固定資産売却損----
投資有価証券売却損-1,076--
減損損失----
特別損失5,1703,9673,044-
税引前利益27,07935,99937,595-
法人税等3,21611,84111,191-
%11.9%32.9%29.8%-
当期純利益23,86324,15726,403-
非支配株主に帰属する当期純利益53311411-
親会社株主に帰属する当期純利益23,81023,84625,99226,590
前期比119.3%100.2%109.0%102.3%
%5.9%5.5%5.7%5.7%
 
EBITDA45,18145,18149,66252,378
EPS123.3円124.0円135.4円138.5円
BPS1,242.7円1,334.0円1,370.6円-
期初会社予想2017.32018.32019.32020.3
売上高(期初予)403,500413,800442,000465,200
対実績比99.7%104.1%102.6%-
営業利益(期初予)31,50034,50037,60039,120
対実績比104.3%105.8%102.2%-
純利益(期初予)20,00021,50025,50026,590
対実績比119.1%110.9%101.9%-
配当
ROEデュポン分解
マルチプル2017.32018.32019.32020.3
企業価値643,090825,1731,038,665-
時価総額642,169823,1011,042,442-
純有利子負債9212,072-3,777-
PER(会予)26.8倍36.9倍40.9倍-
PBR2.7倍3.2倍4.0倍-
PER × PBR71.6倍118.4倍162.0倍-
EV/EBITDA(会予)14.7倍17.1倍20.5倍-
PSR(会予)1.6倍1.9倍2.3倍-
PCFR(会予)17.7倍23.8倍27.0倍-
配当金34.0円39.0円41.0円42.0円
配当利回り1.0%0.9%0.8%-
配当性向27.6%31.5%30.3%-
自己資本配当率2.7%2.9%3.0%-
ROE9.9%9.3%9.9%-
%5.9%5.5%5.7%5.7%
総資産回転率1.1回1.2回1.3回-
財務レバレッジ1.5倍1.4倍1.4倍-
実質ROE8.8%8.2%9.7%-
ROIC10.4%8.8%9.6%-
ROA6.6%6.7%7.2%-
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45,29722,19630,162-
売上債権54,93064,02664,818-
棚卸資産49,61553,47756,372-
有価証券1,1842,892--
前払金----
繰延税金資産4,5344,492--
貸倒引当金-483-499-717-
流動資産166,958148,340156,518-
固定資産
建物・構築物----
機械・運搬具----
土地22,27320,77920,936-
建設仮勘定3,5927,26414,080-
有形固定資産106,344110,121123,390-
のれん5,8265,0814,969-
無形固定資産11,59510,52210,308-
投資有価証券63,18065,15159,207-
繰延税金資産2,4421,3633,053-
貸倒引当金-762-1,027-1,726-
敷金および保証金----
投資その他の資産76,35077,93671,902-
固定資産194,290198,580205,601-
総資産361,248346,921362,119-
 
負債
有利子負債合計46,21822,31519,523-
仕入債務21,19621,20722,720-
前受金----
未払法人税等1,8883,4333,230-
繰延税金負債(固定)9,04810,2517,934-
負債116,81193,63191,667-
 
純資産
資本金11,59911,59911,599-
資本剰余金13,91413,91513,695-
利益剰余金222,614238,660225,835-
自己株式-30,600-35,616-3,631-
非支配株主持分4,4275,2165,022-
総資産244,437253,289270,451-
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27,07935,99937,595-
減価償却費12,33913,16013,258-
のれん償却額----
減損損失----
受取利息及び受取配当金-1,517-1,245-1,364-
売上債権の増減額-2,845-4,010-1,462-
棚卸資産の増減額-886-4,479-4,649-
仕入債務の増減額741596643-
営業CF26,13637,64537,023-
投資CF
有価証券の取得-1,291-3,542-2,612-
有価証券の売却・償還24,5604,6093,164-
固定資産の購入-11,693-17,158-27,552-
固定資産の売却931,576830-
貸付け----
貸付金の回収----
投資CF13,235-14,640-25,698-
財務CF
短期借入金の純増減額-2,03653679-
長期借入れ13,000-602-
長期借入金の返済-11,000--300-
社債の発行----
社債の償還-20,432-31,668--
自己株式の取得-101-5,035-19-
自己株式の売却----
配当金の支払-9,273-7,727-7,105-
財務CF-30,359-43,968-7,041-
換算差額-12-703246-
その他2017.32018.32019.32020.3
設備投資額11,46117,62224,125-
研究開発費----
発行済株式総数193,133,437株192,313,253株191,978,277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6,771人7,105人7,100人-
売上/従業員(千円)59,39759,39760,605-
営利/従業員(千円)4,8504,8505,138-
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402,174106,834214,473326,250430,602111,774226,099343,390453,565115,642231,624355,496465,200
前期比98.5%26.6%53.3%81.1%107.1%26.0%52.5%79.7%105.3%25.5%51.1%78.4%102.6%
売上原価242,34364,033128,773196,162260,42667,472137,528208,920277,80569,701140,083216,478-
売上総利益159,83042,80185,699130,087170,17644,30288,570134,469175,75945,94191,541139,018-
%39.7%40.1%40.0%39.9%39.5%39.6%39.2%39.2%38.8%39.7%39.5%39.1%-
販管費126,98833,09766,629100,297133,67334,20268,502103,609137,34135,38870,554106,406-
営業利益32,8429,70319,07029,78936,50210,10020,06830,85938,41710,55320,98632,61239,120
前期比100.7%29.5%58.1%90.7%111.1%27.7%55.0%84.5%105.2%27.5%54.6%84.9%101.8%
%8.2%9.1%8.9%9.1%8.5%9.0%8.9%9.0%8.5%9.1%9.1%9.2%8.4%
受取利息および受取配当金1,5176047351,1291,2447028021,2431,3645826891,113-
持分法による投資利益450106217172509320012622111225-
営業外収益4,4581,7363,0374,3306,7833,5356,4076,5108,0772,9144,1154,870-
支払利息762121247274304265990131180246371-
持分法による投資損失-------------
営業外費用5,2641,4773,2664,5327,3003,6016,4776,1448,5692,3053,5473,876-
経常利益32,0379,96218,84029,58835,98510,03419,99831,22537,92511,16221,55433,60738,400
固定資産売却益-------------
投資有価証券売却益166-1,9172,3863,981---1,484148148148-
特別利益21351,9222,3923,981-3823932,714148148164-
固定資産売却損-------------
投資有価証券売却損-6056076071,076----21-20-
減損損失-------------
特別損失5,1706052,3822,8133,967263243323,04437162675-
税引前利益27,0799,36218,38029,16635,99910,00820,05631,28637,59511,27321,54033,095-
法人税等3,2163,1526,1408,43211,8412,7735,4938,60111,1913,1656,0129,331-
%11.9%33.7%33.4%28.9%32.9%27.7%27.4%27.5%29.8%28.1%27.9%28.2%-
当期純利益23,8636,21012,24020,73424,1577,23414,56322,68526,4038,10815,52823,764-
非支配株主に帰属する当期純利益53107197290311131229345411132239357-
親会社株主に帰属する当期純利益23,8106,10212,04220,44423,8467,10214,33322,34025,9927,97515,28923,40726,590
前期比119.3%25.6%50.6%85.9%100.2%29.8%60.1%93.7%109.0%30.7%58.8%90.1%102.3%
%5.9%5.7%5.6%6.3%5.5%6.4%6.3%6.5%5.7%6.9%6.6%6.6%5.7%
 
EBITDA45,18145,18145,18145,18145,18149,66249,66249,66249,66251,67551,67551,67552,378
EPS123.3円123.5円123.5円123.5円124.0円124.2円135.4円135.4円135.4円135.4円135.4円135.4円138.5円
BPS1,242.7円1,268.6円1,268.6円1,302.9円1,334.0円1,292.2円1,338.4円1,394.3円1,370.6円1,382.6円1,399.6円1,399.6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)403,500413,800413,800413,800413,800442,000442,000442,000442,000473,500473,500473,500465,200
対実績比99.7%25.8%51.8%78.8%104.1%25.3%51.2%77.7%102.6%24.4%48.9%75.1%-
営業利益(期初予)31,50034,50034,50034,50034,50037,60037,60037,60037,60039,70039,70039,70039,120
対実績比104.3%28.1%55.3%86.3%105.8%26.9%53.4%82.1%102.2%26.6%52.9%82.1%-
純利益(期初予)20,00021,50021,50021,50021,50025,50025,50025,50025,50026,90026,90026,90026,590
対実績比119.1%28.4%56.0%95.1%110.9%27.9%56.2%87.6%101.9%29.6%56.8%87.0%-
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643,090698,133673,025878,925825,1731,067,7381,296,1061,125,8891,038,665887,442998,0951,038,409-
時価総額642,169693,348668,240880,685823,1011,073,1691,297,7821,134,5971,042,442900,375990,5931,030,907-
純有利子負債9214,7854,785-1,7602,072-5,431-1,676-8,708-3,777-12,9337,5027,502-
PER(会予)26.8倍32.2倍31.1倍39.5倍36.9倍42.1倍50.9倍44.5倍40.9倍33.5倍36.8倍38.8倍-
PBR2.7倍2.8倍2.7倍3.5倍3.2倍4.3倍5.1倍4.2倍4.0倍3.4倍3.7倍3.8倍-
PER × PBR71.6倍91.3倍84.8倍138.2倍118.4倍182.1倍257.1倍188.6倍162.0倍113.5倍135.8倍148.8倍-
EV/EBITDA(会予)14.7倍14.9倍14.4倍18.2倍17.1倍21.0倍25.5倍22.2倍20.5倍16.8倍18.8倍19.8倍-
PSR(会予)1.6倍1.7倍1.6倍2.0倍1.9倍2.4倍2.9倍2.5倍2.3倍1.9倍2.1倍2.2倍-
PCFR(会予)17.7倍20.5倍19.7倍25.4倍23.8倍27.8倍33.6倍29.3倍27.0倍22.4倍24.7倍25.9倍-
配当金34.0円39.0円39.0円39.0円39.0円39.0円41.0円41.0円41.0円41.0円41.0円41.0円42.0円
配当利回り1.0%1.1%1.1%0.9%0.9%0.7%0.6%0.7%0.8%0.9%0.8%0.8%-
配当性向27.6%31.6%31.6%31.6%31.5%31.4%30.3%30.3%30.3%30.3%30.3%30.3%-
自己資本配当率2.7%3.1%3.1%3.0%2.9%3.0%3.1%2.9%3.0%3.0%2.9%2.9%-
ROE9.9%9.7%9.7%9.5%9.3%9.6%10.1%9.7%9.9%9.8%9.7%9.7%-
%5.9%5.7%5.6%6.3%5.5%6.4%6.3%6.5%5.7%6.9%6.6%6.6%5.7%
総資産回転率1.1回1.2回1.2回1.2回1.2回1.2回1.3回1.3回1.3回1.3回1.2回1.2回-
財務レバレッジ1.5倍1.5倍1.5倍1.4倍1.4倍1.4倍1.4倍1.3倍1.4倍1.4倍1.4倍1.4倍-
実質ROE8.8%8.7%8.7%8.4%8.2%8.4%10.0%9.6%9.7%9.7%9.5%9.5%-
ROIC10.4%8.5%8.5%9.0%8.8%9.3%9.8%9.6%9.6%9.6%9.0%9.0%-
ROA6.6%6.5%6.5%6.8%6.7%6.9%7.4%7.2%7.2%7.2%6.9%6.9%-
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45,29741,49024,05720,24322,19622,97525,73323,30030,16226,74325,73927,099-
売上債権54,93055,79355,79359,99164,02658,45260,64062,00764,81860,71958,67958,679-
棚卸資産49,61553,08353,08354,12353,47753,64556,41456,89656,37258,84058,99658,996-
有価証券1,1841,3201,5371,7332,892705562130-909620-
前払金-------------
繰延税金資産4,5344,6134,7084,4444,492--------
貸倒引当金-483-564-541-583-499-550-688-715-717-802-669-801-
流動資産166,958167,357152,079150,387148,340148,118152,591152,889156,518152,450152,512162,594-
固定資産
建物・構築物-----------48,802-
機械・運搬具-----------41,418-
土地22,27322,26522,32022,33220,77920,90121,01020,92120,93620,83020,82920,936-
建設仮勘定3,5923,4752,9976,2117,2648,15711,30513,67014,08014,98118,89814,386-
有形固定資産106,344107,379107,942110,794110,121112,796118,258121,708123,390139,079142,322146,549-
のれん5,8265,6415,4845,3315,0815,5105,3705,1274,9694,7724,5644,440-
無形固定資産11,59511,19210,96610,77610,52211,19410,95810,58310,30810,1079,8999,776-
投資有価証券63,18065,63964,95870,51865,15165,92864,62159,64359,20755,78559,92062,724-
繰延税金資産2,4422,2672,2372,1401,3632,6792,7352,6793,053----
貸倒引当金-762-758-758-753-1,027-1,020-962-971-1,726-1,806-1,878-2,000-
敷金および保証金-------------
投資その他の資産76,35078,68978,17883,88877,93680,24179,48174,08571,90268,29872,43775,566-
固定資産194,290197,260197,086205,459198,580204,231208,698206,377205,601217,484224,659231,892-
総資産361,248364,618349,165355,846346,921352,349361,290359,266362,119369,935377,171394,486-
 
負債
有利子負債合計46,21846,27546,27522,29722,31516,76521,29917,02519,52317,22933,24133,241-
仕入債務21,19621,59621,59621,46721,20721,53522,10222,57222,72022,38321,73221,732-
前受金-------------
未払法人税等1,8883,2073,1203,8523,4333,4433,6454,7863,2303,3073,7354,601-
繰延税金負債(固定)9,0489,6369,0049,25410,2518,0947,6115,9887,934----
負債116,811114,80092,58694,18093,63190,40288,55990,97291,667102,736103,367111,381-
 
純資産
資本金11,59911,59911,59911,59911,59911,59911,59911,59911,59911,59911,59911,599-
資本剰余金13,91413,91413,91413,91413,91513,69413,69513,69513,69513,69513,69513,695-
利益剰余金222,614225,232231,149235,298238,660210,785218,017222,183225,835229,455236,769240,854-
自己株式-30,600-30,602-30,603-34,083-35,616-3,619-3,622-3,628-3,631-3,635-3,637-3,639-
非支配株主持分4,4274,8144,9405,1215,2165,0115,0605,1605,0225,1725,1075,131-
総資産244,437249,817256,579261,666253,289261,947272,731268,293270,451267,199273,804283,105-
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27,0799,36218,38029,16635,99910,00820,05631,28637,59511,27321,54033,095-
減価償却費12,339-6,380-13,160-6,459-13,258-8,079--
のれん償却額-------------
減損損失-------------
受取利息及び受取配当金-1,517--735--1,245--803--1,364--690--
売上債権の増減額-2,845--4,101--4,010--1,780--1,462-921--
棚卸資産の増減額-886--3,428--4,479--1,601--4,649--1,460--
仕入債務の増減額741--471-596-176-643-133--
営業CF26,136-17,501-37,645-16,885-37,023-19,275--
投資CF
有価証券の取得-1,2910-2,3160-3,5420-5900-2,6120-3,2930-
有価証券の売却・償還24,560077504,60903603,16401500-
固定資産の購入-11,6930-7,2800-17,1580-13,6870-27,5520-14,3510-
固定資産の売却9301601,576050508300210-
貸付け-------------
貸付金の回収-------------
投資CF13,235--9,007--14,640--13,351--25,698--17,222--
財務CF
短期借入金の純増減額-2,036-6,025-536--4-79--54--
長期借入れ13,000-----202-602----
長期借入金の返済-11,000--------300----
社債の発行-------------
社債の償還-20,432--31,668--31,668--------
自己株式の取得-101--18--5,035--9--19--6--
自己株式の売却-------------
配当金の支払-9,273--3,477--7,727--3,264--7,105--4,032--
財務CF-30,359--29,193--43,968--3,341--7,041--5,582--
換算差額-12-39--703-816-246--683--
その他16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
設備投資額11,461---17,622---24,125----
研究開発費-------------
発行済株式総数193,133,437株193,133,049株193,133,049株193,132,618株192,313,253株191,980,117株191,979,647株191,979,271株191,978,277株191,977,694株191,975,304株191,975,304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6,771人---7,105人---7,100人----
売上/従業員(千円)59,39759,39759,39759,39759,39760,60560,60560,60560,60563,88263,88263,882-
営利/従業員(千円)4,8504,8504,8504,8504,8505,1385,1385,1385,1385,4115,4115,411-