通期売上(百万円)
売上5y CAGR・予想:-1.0 %
通期利益(百万円)
営利5y CAGR・予想:-5.3 %
純利5y CAGR・予想:-18.1 %
P/L
2017.112018.112019.112020.11E
売上561,688573,525545,723555,000
前期比101.7%102.1%95.2%101.7%
売上原価432,773440,378412,741-
売上総利益128,915133,146132,981-
%23.0%23.2%24.4%-
販管費97,654100,078100,933-
営業利益31,26133,06732,04832,100
前期比104.8%105.8%96.9%100.2%
%5.6%5.8%5.9%5.8%
受取利息および受取配当金583597564-
持分法による投資利益93130168-
営業外収益2,1622,1322,451-
支払利息376341294-
持分法による投資損失----
営業外費用9118501,224-
経常利益32,51134,34933,27532,500
固定資産売却益87137137-
投資有価証券売却益1,1793,670370-
特別利益1,3314,5871,226-
固定資産売却損----
投資有価証券売却損----
減損損失5812,983729-
特別損失3,0605,3502,013-
税引前利益30,78333,58632,487-
法人税等9,22311,72210,572-
%30.0%34.9%32.5%-
当期純利益21,56021,86321,915-
非支配株主に帰属する当期純利益3,4603,5423,216-
親会社株主に帰属する当期純利益18,09918,32018,69814,500
前期比105.9%101.2%102.1%77.5%
%3.2%3.2%3.4%2.6%
 
EBITDA48,46251,79650,941-
EPS123.1円128.1円130.7円128.6円
BPS1,539.9円1,582.3円1,646.7円-
期初会社予想
2017.112018.112019.112020.11E
売上高(期初予)565,000580,000560,000555,000
対実績比99.4%98.9%97.5%-
営業利益(期初予)33,00033,00033,20032,100
対実績比94.7%100.2%96.5%-
純利益(期初予)18,00018,60018,40014,500
対実績比100.6%98.5%101.6%-
配当
ROEデュポン分解
β
マルチプル
2017.112018.112019.112020.11E
株価2,885円2,756円2,433円-
企業価値453,095415,698366,259-
時価総額424,223394,227348,022-
純有利子負債28,87221,47117,792-
PER(会予)24.4倍21.2倍18.9倍-
PBR1.9倍1.7倍1.5倍-
PER × PBR45.7倍36.9倍28.3倍-
EV/EBITDA(会予)9.4倍8.0倍7.1倍-
PSR(会予)0.8倍0.7倍0.6倍-
PCFR(会予)12.3倍10.6倍9.4倍-
配当金36.5円38.0円45.0円45.0円
配当利回り1.3%1.4%1.6%-
配当性向29.7%29.7%34.4%-
自己資本配当率2.4%2.4%2.7%-
ROE8.0%8.1%7.9%-
純利益率(再掲)3.2%3.2%3.4%-
総資産回転率1.3回1.4回1.2回-
財務レバレッジ1.9倍1.9倍1.9倍-
実質ROE7.8%7.6%7.4%-
ROIC7.7%7.5%7.2%-
ROA4.3%4.4%4.2%-
β0.340.240.30-
βの決定係数(R2)0.060.020.05-
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
2017.112018.112019.112020.11E
流動資産
現金29,61838,49346,777-
売上債権78,21277,03483,651-
棚卸資産28,70428,25328,835-
有価証券12,0009,50010,000-
前払金----
繰延税金資産2,8233,024--
貸倒引当金-222-446-426-
流動資産156,332158,402174,790-
固定資産
建物・構築物185,446181,314183,036-
機械・運搬具170,766175,809179,442-
土地49,82052,08452,178-
建設仮勘定4,57111,22315,268-
有形固定資産194,746198,856207,459-
のれん3,7781,233989-
無形固定資産8,3596,2939,921-
投資有価証券34,49529,67327,225-
繰延税金資産2,0273,8123,625-
貸倒引当金-182-181-177-
敷金および保証金----
投資その他の資産59,76956,18452,138-
固定資産262,875261,334269,519-
総資産419,207419,736444,309-
 
負債
有利子負債合計58,49059,96464,569-
仕入債務48,00844,51853,299-
前受金----
未払法人税等4,0056,7754,208-
繰延税金負債(固定)9,0686,1005,344-
負債155,775153,636167,556-
 
純資産
資本金24,10424,10424,104-
資本剰余金29,42529,54329,483-
利益剰余金170,583183,431196,551-
自己株式-6,603-15,859-15,862-
非支配株主持分36,99239,76841,201-
純資産263,432266,100276,753-
キャッシュフロー(百万円)
C/S
2017.112018.112019.112020.11E
営業CF
税金等調整前当期純利益30,78333,58632,487-
減価償却費16,79418,21518,649-
のれん償却額407514244-
減損損失5812,983729-
受取利息及び受取配当金-584-597-565-
売上債権の増減額-2,0641,293-6,983-
棚卸資産の増減額-1,477-1,132-925-
仕入債務の増減額-1,152-3,4159,078-
営業CF27,23441,77843,916-
投資CF
有価証券の取得-892-1,766-42-
有価証券の売却・償還1,6515,159637-
固定資産の購入-26,668-31,306-30,026-
固定資産の売却000-
貸付け-264-430-593-
貸付金の回収1264675-
投資CF-31,421-20,199-29,720-
財務CF
短期借入金の純増減額-1,180985-3,135-
長期借入れ25,7003,20010,039-
長期借入金の返済-2,261-2,248-3,014-
社債の発行--10,000-
社債の償還---10,000-
自己株式の取得-10,024-9,278-2-
自己株式の売却----
配当金の支払-5,639-5,514-5,578-
財務CF4,010-15,293-4,602-
換算差額797-194-785-
その他
2017.112018.112019.112020.11E
設備投資額27,18232,10528,569-
研究開発費--4,156-
発行済株式総数147,044,479株143,043,075株143,041,950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
2017.112018.112019.112020.11E
従業員数14,924人14,808人15,452人-
売上/従業員(千円)37,63738,73135,317-
営利/従業員(千円)2,0952,2332,074-
四半期売上(百万円)
売上5y CAGR・予想:-1.0 %
四半期利益(百万円)
営利5y CAGR・予想:-5.3 %
純利5y CAGR・予想:-18.1 %
P/L
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
売上561,688137,212285,004433,446573,525128,319268,986407,467545,723133,141263,057397,791530,000
前期比101.7%103.9%102.8%103.0%102.1%93.5%94.4%94.0%95.2%103.8%97.8%97.6%97.1%
売上原価432,773106,818218,871332,304440,37897,956203,106307,272412,741102,985202,973304,715-
売上総利益128,91530,39366,132101,142133,14630,36365,879100,195132,98130,15560,08393,076-
%23.0%22.2%23.2%23.3%23.2%23.7%24.5%24.6%24.4%22.6%22.8%23.4%-
販管費97,65424,66750,17075,023100,07824,33649,79075,195100,93325,04948,88972,643-
営業利益31,2615,72515,96126,11933,0676,02616,08825,00032,0485,10511,19420,43224,000
前期比104.8%102.7%107.9%107.1%105.8%105.3%100.8%95.7%96.9%84.7%69.6%81.7%74.9%
%5.6%4.2%5.6%6.0%5.8%4.7%6.0%6.1%5.9%3.8%4.3%5.1%4.5%
受取利息および受取配当金583210327529597209296506564230315545-
持分法による投資利益9342771131303973114168526984-
営業外収益2,1624679781,7682,1326541,3542,0552,4515398911,565-
支払利息376861722603418015122229490185247-
持分法による投資損失-------------
営業外費用9111753965238502725058281,2243596991,055-
経常利益32,5116,01716,54327,36334,3496,40816,93726,22733,2755,28611,38520,94324,200
固定資産売却益873758791375809813792979-
投資有価証券売却益1,17933334253,670---37029--
特別利益1,33171925044,58757988961,2261141154-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失581--2192,983926426427294949144-
特別損失3,0602285491,6195,3503311,1961,5522,0136271,0051,525-
税引前利益30,7835,86016,08626,24933,5866,08216,53825,57032,4874,67010,42119,572-
法人税等9,2231,9885,3298,70011,7222,0285,3028,19810,5721,6213,5776,607-
%30.0%33.9%33.1%33.1%34.9%33.3%32.1%32.1%32.5%34.7%34.3%33.8%-
当期純利益21,5603,87110,75717,54921,8634,05411,23617,37221,9153,0496,84412,965-
非支配株主に帰属する当期純利益3,4606241,6862,8593,5425531,6792,6343,2164921,2012,004-
親会社株主に帰属する当期純利益18,0993,2479,07014,68918,3203,5009,55614,73718,6982,5565,64310,9617,700
前期比105.9%120.5%112.7%102.4%101.2%107.8%105.4%100.3%102.1%73.0%59.1%74.4%41.2%
%3.2%2.4%3.2%3.4%3.2%2.7%3.6%3.6%3.4%1.9%2.1%2.8%1.5%
 
EBITDA48,4625,72525,08926,11951,7966,02625,40125,00050,9415,10521,12420,432-
EPS123.1円124.6円124.6円124.6円128.1円130.7円130.7円130.7円130.7円130.7円130.7円130.7円53.8円
BPS1,539.9円1,543.5円1,584.8円1,596.1円1,582.3円1,579.2円1,618.5円1,625.5円1,646.7円1,637.1円1,652.6円1,671.4円-
期初会社予想
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
売上高(期初予)565,000580,000580,000580,000580,000560,000560,000560,000560,000555,000555,000555,000530,000
対実績比99.4%23.7%49.1%74.7%98.9%22.9%48.0%72.8%97.5%24.0%47.4%71.7%-
営業利益(期初予)33,00033,00033,00033,00033,00033,20033,20033,20033,20032,10032,10032,10024,000
対実績比94.7%17.3%48.4%79.1%100.2%18.2%48.5%75.3%96.5%15.9%34.9%63.7%-
純利益(期初予)18,00018,60018,60018,60018,60018,40018,40018,40018,40014,50014,50014,5007,700
対実績比100.6%17.5%48.8%79.0%98.5%19.0%51.9%80.1%101.6%17.6%38.9%75.6%-
配当
ROEデュポン分解
β
マルチプル
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
株価2,885円2,931円2,631円2,678円2,756円2,542円2,431円2,485円2,433円1,985円2,109円2,008円-
企業価値453,095456,878410,548417,175415,698386,284369,866377,590366,259301,730319,021310,966-
時価総額424,223430,986386,872393,782394,227363,615347,736355,460348,022283,938301,675287,227-
純有利子負債28,87225,89223,67623,39321,47122,66922,13018,23717,79217,34619,05123,739-
PER(会予)24.4倍23.2倍20.8倍21.2倍21.2倍19.8倍18.9倍19.3倍18.9倍19.6倍25.1倍37.3倍-
PBR1.9倍1.9倍1.7倍1.7倍1.7倍1.6倍1.5倍1.5倍1.5倍1.2倍1.3倍1.2倍-
PER × PBR45.7倍44.0倍34.5倍35.5倍36.9倍31.8倍28.4倍29.7倍28.3倍23.6倍32.4倍44.8倍-
EV/EBITDA(会予)9.4倍9.1倍8.2倍8.2倍8.0倍7.4倍7.1倍7.3倍7.1倍5.9倍6.5倍7.2倍-
PSR(会予)0.8倍0.7倍0.7倍0.7倍0.7倍0.6倍0.6倍0.6倍0.6倍0.5倍0.6倍0.5倍-
PCFR(会予)12.3倍12.0倍10.8倍11.0倍10.6倍9.8倍9.4倍9.6倍9.4倍8.5倍9.8倍10.8倍-
配当金36.5円---38.0円---45.0円---40.0円
配当利回り1.3%1.2%1.4%1.4%1.4%1.5%1.6%1.5%1.6%2.3%2.1%2.2%-
配当性向29.7%---29.7%---34.4%----
自己資本配当率2.4%2.5%2.4%2.4%2.4%2.8%2.8%2.8%2.7%2.7%2.7%2.7%-
ROE8.0%8.1%7.9%7.8%8.1%8.3%8.1%8.0%7.9%8.0%7.9%7.8%-
純利益率(再掲)3.2%2.4%3.2%3.4%3.2%2.7%3.6%3.6%3.4%1.9%2.1%2.8%-
総資産回転率1.3回1.4回1.3回1.3回1.4回1.3回1.3回1.2回1.2回1.2回1.2回1.3回-
財務レバレッジ1.9倍1.8倍1.8倍1.9倍1.9倍1.8倍1.8倍1.9倍1.9倍1.9倍1.9倍1.8倍-
実質ROE7.8%7.8%7.6%7.6%7.6%7.7%7.6%7.5%7.4%7.5%7.4%7.3%-
ROIC7.7%7.6%7.4%7.4%7.5%7.5%7.3%7.3%7.2%7.2%7.2%7.1%-
ROA4.3%4.4%4.3%4.2%4.4%4.5%4.4%4.2%4.2%4.3%4.2%4.3%-
β0.340.420.290.270.240.320.340.320.300.360.270.21-
βの決定係数(R2)0.060.080.030.030.020.050.060.050.050.080.060.04-
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
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
流動資産
現金29,61827,35030,99432,24538,49337,63439,50544,97946,77744,84543,26840,363-
売上債権78,21272,22781,25784,22677,03467,96378,08186,25183,65177,73475,65074,964-
棚卸資産28,70429,89430,43130,12028,25328,77128,53627,40928,83529,37330,45629,253-
有価証券12,00012,00011,5009,5009,5009,5009,5009,50010,00010,00010,00010,000-
前払金-------------
繰延税金資産2,823---3,024--------
貸倒引当金-222-257-290-273-446-379-398-415-426-412-426-411-
流動資産156,332150,204162,929166,532158,402148,727161,156173,506174,790166,628163,902160,170-
固定資産
建物・構築物185,446187,040187,434186,620181,314183,203182,875183,080183,036191,402191,513191,901-
機械・運搬具170,766172,935173,226173,837175,809176,890178,578178,107179,442177,868183,989185,413-
土地49,82049,83250,97050,85552,08452,01652,19352,19652,17852,21152,66252,614-
建設仮勘定4,5713,7045,15011,35611,22311,28514,95614,42315,2688,4295,8345,842-
有形固定資産194,746195,467196,887201,796198,856199,381202,707204,652207,459210,298211,899210,605-
のれん3,7783,8513,6113,3621,2331,1691,1061,044989935880825-
無形固定資産8,3598,4818,0898,0706,2938,9659,1269,5099,92110,20510,93611,321-
投資有価証券34,49532,51334,12831,99829,67328,35227,02425,86727,22525,17627,23526,912-
繰延税金資産2,027---3,812---3,625----
貸倒引当金-182-184-184-184-181-181-180-180-177-181-183-188-
敷金および保証金-------------
投資その他の資産59,76958,38060,65459,20556,18454,83453,38853,30152,13851,00353,47853,457-
固定資産262,875262,329265,631269,071261,334263,181265,223267,463269,519271,507276,314275,384-
総資産419,207412,533428,561435,604419,736411,908426,379440,970444,309438,135440,217435,554-
 
負債
有利子負債合計58,49053,24254,67055,63859,96460,30361,63563,21664,56962,19162,31964,102-
仕入債務48,00845,44448,17749,18544,51841,60944,66150,42753,29950,03948,87643,199-
前受金-------------
未払法人税等4,0052,4665,8495,7296,7752,1145,6854,1314,2082,0434,0873,916-
繰延税金負債(固定)9,068---6,100---5,344----
負債155,775148,293157,267162,035153,636146,282153,843167,671167,556162,541163,185156,011-
 
純資産
資本金24,10424,10424,10424,10424,10424,10424,10424,10424,10424,10424,10424,104-
資本剰余金29,42529,42529,42529,42529,54329,54329,53329,48329,48329,48327,80827,810-
利益剰余金170,583171,123176,946179,772183,431184,218190,274192,590196,551195,487198,574201,074-
自己株式-6,603-6,604-6,605-6,606-15,859-15,860-15,861-15,862-15,862-15,862-15,863-15,864-
非支配株主持分36,99237,28338,25738,87039,76839,73441,02040,78441,20141,41540,63940,466-
純資産263,432264,240271,294273,568266,100265,626272,535273,298276,753275,594277,031279,543-
キャッシュフロー(百万円)
C/S
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
営業CF
税金等調整前当期純利益30,7835,86016,08626,24933,5866,08216,53825,57032,4874,67010,42119,572-
減価償却費16,794-8,869-18,215-9,186-18,649-9,821--
のれん償却額407-259-514-127-244-109--
減損損失581--2192,983926426427294949144-
受取利息及び受取配当金-584--328--597--297--565--316--
売上債権の増減額-2,064--2,936-1,293--1,117--6,983-7,964--
棚卸資産の増減額-1,477--1,807--1,132--378--925--1,617--
仕入債務の増減額-1,152-360--3,415-233-9,078--4,839--
営業CF27,234-17,537-41,778-16,780-43,916-16,748--
投資CF
有価証券の取得-8920-1260-1,7660-240-420-150-
有価証券の売却・償還1,6510005,159000637000-
固定資産の購入-26,6680-12,9450-31,3060-17,9360-30,0260-14,8430-
固定資産の売却000000000000-
貸付け-264--146--430--369--593--293--
貸付金の回収126-22-46-29-75-27--
投資CF-31,421--13,516--20,199--17,285--29,720--14,773--
財務CF
短期借入金の純増減額-1,180-1,672-985-759--3,135-1,106--
長期借入れ25,700---3,200-6,500-10,039-2,800--
長期借入金の返済-2,261--1,109--2,248--1,734--3,014--1,556--
社債の発行------10,000-10,000----
社債の償還-------10,000--10,000----
自己株式の取得-10,024--2--9,278--1--2-0--
自己株式の売却-------------
配当金の支払-5,639--2,720--5,514--2,717--5,578--3,576--
財務CF4,010--3,461--15,293-1,641--4,602--5,461--
換算差額797--145--194--101--785--21--
その他
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
設備投資額27,182012,945032,105017,936028,569014,8430-
研究開発費--------4,156----
発行済株式総数147,044,479株147,044,177株147,043,785株147,043,385株143,043,075株143,042,891株143,042,407株143,042,134株143,041,950株143,041,840株143,041,580株143,041,233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.Q4E
従業員数14,924人---14,808人---15,452人----
売上/従業員(千円)37,637---38,731---35,317----
営利/従業員(千円)2,095---2,233---2,074----
四半期売上(百万円)
売上5y CAGR・予想:-1.0 %
四半期利益(百万円)
営利5y CAGR・予想:-5.3 %
純利5y CAGR・予想:-18.1 %
P/L
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
売上140,675137,212147,792148,442140,079128,319140,667138,481138,256133,141129,916134,734530,000
前期比101.7%103.9%101.9%103.2%99.6%93.5%95.2%93.3%98.7%103.8%92.4%97.3%97.1%
売上原価108,984106,818112,053113,433108,07497,956105,150104,166105,469102,98599,988101,742-
売上総利益31,69230,39335,73935,01032,00430,36335,51634,31632,78630,15529,92832,993-
%22.5%22.2%24.2%23.6%22.8%23.7%25.2%24.8%23.7%22.6%23.0%24.5%-
販管費24,82124,66725,50324,85325,05524,33625,45425,40525,73825,04923,84023,754-
営業利益6,8715,72510,23610,1586,9486,02610,0628,9127,0485,1056,0899,23824,000
前期比107.6%102.7%111.1%105.8%101.1%105.3%98.3%87.7%101.4%84.7%60.5%103.7%74.9%
%4.9%4.2%6.9%6.8%5.0%4.7%7.2%6.4%5.1%3.8%4.7%6.9%4.5%
受取利息および受取配当金021000020900023000-
持分法による投資利益294235361739344154521715-
営業外収益623467511790364654700701396539352674-
支払利息1098686888180717172909562-
持分法による投資損失0-000-000-00-
営業外費用246175221127327272233323396359340356-
経常利益7,2476,01710,52610,8206,9866,40810,5299,2907,0485,2866,0999,55824,200
固定資産売却益2537212158575183992050-
投資有価証券売却益453303923,245-0037027-9-
特別利益7171214124,0835793983301130113-
固定資産売却損0-000-000-00-
投資有価証券売却損0-000-000-00-
減損損失359-02192,7649255008749095-
特別損失1,2762283211,0703,731331865356461627378520-
税引前利益6,0435,86010,22610,1637,3376,08210,4569,0326,9174,6705,7519,151-
法人税等1,4911,9883,3413,3713,0222,0283,2742,8962,3741,6211,9563,030-
%24.7%33.9%32.7%33.2%41.2%33.3%31.3%32.1%34.3%34.7%34.0%33.1%-
当期純利益4,5523,8716,8866,7924,3144,0547,1826,1364,5433,0493,7956,121-
非支配株主に帰属する当期純利益7966241,0621,1736835531,126955582492709803-
親会社株主に帰属する当期純利益3,7563,2475,8235,6193,6313,5006,0565,1813,9612,5563,0875,3187,700
前期比107.3%120.5%108.8%89.2%96.7%107.8%104.0%92.2%109.1%73.0%51.0%102.6%41.2%
%2.7%2.4%3.9%3.8%2.6%2.7%4.3%3.7%2.9%1.9%2.4%3.9%1.5%
 
EBITDA48,4625,72525,08926,11951,7966,02625,40125,00050,9415,10521,12420,432-
EPS123.1円124.6円124.6円124.6円128.1円130.7円130.7円130.7円130.7円130.7円130.7円130.7円53.8円
BPS1,539.9円1,543.5円1,584.8円1,596.1円1,582.3円1,579.2円1,618.5円1,625.5円1,646.7円1,637.1円1,652.6円1,671.4円-
期初会社予想
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
売上高(期初予)565,000580,000580,000580,000580,000560,000560,000560,000560,000555,000555,000555,000530,000
対実績比99.4%23.7%49.1%74.7%98.9%22.9%48.0%72.8%97.5%24.0%47.4%71.7%-
営業利益(期初予)33,00033,00033,00033,00033,00033,20033,20033,20033,20032,10032,10032,10024,000
対実績比94.7%17.3%48.4%79.1%100.2%18.2%48.5%75.3%96.5%15.9%34.9%63.7%-
純利益(期初予)18,00018,60018,60018,60018,60018,40018,40018,40018,40014,50014,50014,5007,700
対実績比100.6%17.5%48.8%79.0%98.5%19.0%51.9%80.1%101.6%17.6%38.9%75.6%-
配当
ROEデュポン分解
β
マルチプル
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
株価2,885円2,931円2,631円2,678円2,756円2,542円2,431円2,485円2,433円1,985円2,109円2,008円-
企業価値453,095456,878410,548417,175415,698386,284369,866377,590366,259301,730319,021310,966-
時価総額424,223430,986386,872393,782394,227363,615347,736355,460348,022283,938301,675287,227-
純有利子負債28,87225,89223,67623,39321,47122,66922,13018,23717,79217,34619,05123,739-
PER(会予)24.4倍23.2倍20.8倍21.2倍21.2倍19.8倍18.9倍19.3倍18.9倍19.6倍25.1倍37.3倍-
PBR1.9倍1.9倍1.7倍1.7倍1.7倍1.6倍1.5倍1.5倍1.5倍1.2倍1.3倍1.2倍-
PER × PBR45.7倍44.0倍34.5倍35.5倍36.9倍31.8倍28.4倍29.7倍28.3倍23.6倍32.4倍44.8倍-
EV/EBITDA(会予)9.4倍9.1倍8.2倍8.2倍8.0倍7.4倍7.1倍7.3倍7.1倍5.9倍6.5倍7.2倍-
PSR(会予)0.8倍0.7倍0.7倍0.7倍0.7倍0.6倍0.6倍0.6倍0.6倍0.5倍0.6倍0.5倍-
PCFR(会予)12.3倍12.0倍10.8倍11.0倍10.6倍9.8倍9.4倍9.6倍9.4倍8.5倍9.8倍10.8倍-
配当金36.5円---38.0円---45.0円---40.0円
配当利回り1.3%1.2%1.4%1.4%1.4%1.5%1.6%1.5%1.6%2.3%2.1%2.2%-
配当性向29.7%---29.7%---34.4%----
自己資本配当率2.4%2.5%2.4%2.4%2.4%2.8%2.8%2.8%2.7%2.7%2.7%2.7%-
ROE8.0%8.1%7.9%7.8%8.1%8.3%8.1%8.0%7.9%8.0%7.9%7.8%-
純利益率(再掲)3.2%2.4%3.2%3.4%3.2%2.7%3.6%3.6%3.4%1.9%2.1%2.8%-
総資産回転率1.3回1.4回1.3回1.3回1.4回1.3回1.3回1.2回1.2回1.2回1.2回1.3回-
財務レバレッジ1.9倍1.8倍1.8倍1.9倍1.9倍1.8倍1.8倍1.9倍1.9倍1.9倍1.9倍1.8倍-
実質ROE7.8%7.8%7.6%7.6%7.6%7.7%7.6%7.5%7.4%7.5%7.4%7.3%-
ROIC7.7%7.6%7.4%7.4%7.5%7.5%7.3%7.3%7.2%7.2%7.2%7.1%-
ROA4.3%4.4%4.3%4.2%4.4%4.5%4.4%4.2%4.2%4.3%4.2%4.3%-
β0.340.420.290.270.240.320.340.320.300.360.270.21-
βの決定係数(R2)0.060.080.030.030.020.050.060.050.050.080.060.04-
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
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
流動資産
現金29,61827,35030,99432,24538,49337,63439,50544,97946,77744,84543,26840,363-
売上債権78,21272,22781,25784,22677,03467,96378,08186,25183,65177,73475,65074,964-
棚卸資産28,70429,89430,43130,12028,25328,77128,53627,40928,83529,37330,45629,253-
有価証券12,00012,00011,5009,5009,5009,5009,5009,50010,00010,00010,00010,000-
前払金-------------
繰延税金資産2,823---3,024--------
貸倒引当金-222-257-290-273-446-379-398-415-426-412-426-411-
流動資産156,332150,204162,929166,532158,402148,727161,156173,506174,790166,628163,902160,170-
固定資産
建物・構築物185,446187,040187,434186,620181,314183,203182,875183,080183,036191,402191,513191,901-
機械・運搬具170,766172,935173,226173,837175,809176,890178,578178,107179,442177,868183,989185,413-
土地49,82049,83250,97050,85552,08452,01652,19352,19652,17852,21152,66252,614-
建設仮勘定4,5713,7045,15011,35611,22311,28514,95614,42315,2688,4295,8345,842-
有形固定資産194,746195,467196,887201,796198,856199,381202,707204,652207,459210,298211,899210,605-
のれん3,7783,8513,6113,3621,2331,1691,1061,044989935880825-
無形固定資産8,3598,4818,0898,0706,2938,9659,1269,5099,92110,20510,93611,321-
投資有価証券34,49532,51334,12831,99829,67328,35227,02425,86727,22525,17627,23526,912-
繰延税金資産2,027---3,812---3,625----
貸倒引当金-182-184-184-184-181-181-180-180-177-181-183-188-
敷金および保証金-------------
投資その他の資産59,76958,38060,65459,20556,18454,83453,38853,30152,13851,00353,47853,457-
固定資産262,875262,329265,631269,071261,334263,181265,223267,463269,519271,507276,314275,384-
総資産419,207412,533428,561435,604419,736411,908426,379440,970444,309438,135440,217435,554-
 
負債
有利子負債合計58,49053,24254,67055,63859,96460,30361,63563,21664,56962,19162,31964,102-
仕入債務48,00845,44448,17749,18544,51841,60944,66150,42753,29950,03948,87643,199-
前受金-------------
未払法人税等4,0052,4665,8495,7296,7752,1145,6854,1314,2082,0434,0873,916-
繰延税金負債(固定)9,068---6,100---5,344----
負債155,775148,293157,267162,035153,636146,282153,843167,671167,556162,541163,185156,011-
 
純資産
資本金24,10424,10424,10424,10424,10424,10424,10424,10424,10424,10424,10424,104-
資本剰余金29,42529,42529,42529,42529,54329,54329,53329,48329,48329,48327,80827,810-
利益剰余金170,583171,123176,946179,772183,431184,218190,274192,590196,551195,487198,574201,074-
自己株式-6,603-6,604-6,605-6,606-15,859-15,860-15,861-15,862-15,862-15,862-15,863-15,864-
非支配株主持分36,99237,28338,25738,87039,76839,73441,02040,78441,20141,41540,63940,466-
純資産263,432264,240271,294273,568266,100265,626272,535273,298276,753275,594277,031279,543-
キャッシュフロー(百万円)
C/S
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
営業CF
税金等調整前当期純利益30,7835,86016,08626,24933,5866,08216,53825,57032,4874,67010,42119,572-
減価償却費16,794-8,869-18,215-9,186-18,649-9,821--
のれん償却額407-259-514-127-244-109--
減損損失359-02192,7649255008749095-
受取利息及び受取配当金-584--328--597--297--565--316--
売上債権の増減額-2,064--2,936-1,293--1,117--6,983-7,964--
棚卸資産の増減額-1,477--1,807--1,132--378--925--1,617--
仕入債務の増減額-1,152-360--3,415-233-9,078--4,839--
営業CF27,234-17,537-41,778-16,780-43,916-16,748--
投資CF
有価証券の取得-8920-1260-1,7660-240-420-150-
有価証券の売却・償還1,6510005,159000637000-
固定資産の購入-26,6680-12,9450-31,3060-17,9360-30,0260-14,8430-
固定資産の売却000000000000-
貸付け-264--146--430--369--593--293--
貸付金の回収126-22-46-29-75-27--
投資CF-31,421--13,516--20,199--17,285--29,720--14,773--
財務CF
短期借入金の純増減額-1,180-1,672-985-759--3,135-1,106--
長期借入れ25,700---3,200-6,500-10,039-2,800--
長期借入金の返済-2,261--1,109--2,248--1,734--3,014--1,556--
社債の発行------10,000-10,000----
社債の償還-------10,000--10,000----
自己株式の取得-10,024--2--9,278--1--2-0--
自己株式の売却-------------
配当金の支払-5,639--2,720--5,514--2,717--5,578--3,576--
財務CF4,010--3,461--15,293-1,641--4,602--5,461--
換算差額797--145--194--101--785--21--
その他
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4E
設備投資額27,182012,945032,105017,936028,569014,8430-
研究開発費--------4,156----
発行済株式総数147,044,479株147,044,177株147,043,785株147,043,385株143,043,075株143,042,891株143,042,407株143,042,134株143,041,950株143,041,840株143,041,580株143,041,233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.Q4E
従業員数14,924人---14,808人---15,452人----
売上/従業員(千円)37,637---38,731---35,317----
営利/従業員(千円)2,095---2,233---2,074----