通期売上(百万円)
売上5y CAGR・予想:0.3 %
通期利益(百万円)
営利5y CAGR・予想:-8.3 %
純利5y CAGR・予想:-20.5 %
P/L
2018.32019.32020.32021.3E
売上834,986888,589853,746750,000
前期比112.6%106.4%96.1%87.8%
売上原価565,689620,715590,321-
売上総利益269,297267,874263,424-
%32.3%30.1%30.9%-
販管費199,474207,874207,219-
営業利益69,82360,00056,20540,000
前期比123.6%85.9%93.7%71.2%
%8.4%6.8%6.6%5.3%
受取利息および受取配当金3,0023,2932,372-
持分法による投資利益1,2154341,997-
営業外収益5,9967,2406,804-
支払利息2,6463,4993,717-
持分法による投資損失----
営業外費用7,9996,9778,673-
経常利益67,82060,26454,33740,000
固定資産売却益5,595300160-
投資有価証券売却益5864,8495,998-
特別利益6,7529,9246,706-
固定資産売却損----
投資有価証券売却損89246114-
減損損失1,0765,99011,030-
特別損失6,6789,82819,485-
税引前利益67,89460,36041,557-
法人税等20,79313,56314,578-
%30.6%22.5%35.1%-
当期純利益47,10146,79726,980-
非支配株主に帰属する当期純利益1,5451,7401,727-
親会社株主に帰属する当期純利益45,55645,05725,25223,000
前期比90.9%98.9%56.0%91.1%
%5.5%5.1%3.0%3.1%
 
EBITDA69,82360,00056,205-
EPS230.3円234.9円131.6円177.1円
BPS1,986.3円2,141.3円2,053.6円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)855,000880,000910,000750,000
対実績比97.7%101.0%93.8%-
営業利益(期初予)62,00070,00060,00040,000
対実績比112.6%85.7%93.7%-
純利益(期初予)42,00047,00041,00023,000
対実績比108.5%95.9%61.6%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価2,001円1,826円1,830円-
企業価値645,475619,942607,428-
時価総額393,723350,203351,251-
純有利子負債246,250266,957256,177-
PER(会予)8.7倍7.6倍10.3倍-
PBR1.0倍0.8倍0.9倍-
PER × PBR8.7倍6.4倍9.2倍-
EV/EBITDA(会予)9.5倍10.3倍11.0倍-
PSR(会予)0.5倍0.4倍0.4倍-
PCFR(会予)8.7倍7.6倍10.3倍-
配当金60.0円70.0円60.0円60.0円
配当利回り2.7%3.3%3.3%-
配当性向26.1%29.8%45.6%-
自己資本配当率3.0%3.3%2.9%-
ROE11.6%11.0%6.4%-
純利益率(再掲)5.5%5.1%3.0%-
総資産回転率0.9回0.9回0.9回-
財務レバレッジ2.5倍2.5倍2.5倍-
実質ROE11.6%10.6%6.2%-
ROIC6.7%6.0%5.4%-
ROA4.6%4.4%2.5%-
β0.961.130.95-
βの決定係数(R2)0.420.540.54-
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96,418100,592113,500-
売上債権177,777194,241167,194-
棚卸資産136,265145,880143,099-
有価証券14,00033,00036,000-
前払金----
繰延税金資産11,874---
貸倒引当金-578-582-523-
流動資産477,859523,854505,323-
固定資産
建物・構築物60,10764,15965,037-
機械・運搬具94,870105,908110,956-
土地42,09243,33443,174-
建設仮勘定20,60830,82742,226-
有形固定資産240,289267,887296,081-
のれん27,19232,84523,813-
無形固定資産60,34169,51060,387-
投資有価証券127,72196,17976,633-
繰延税金資産10,6757,521--
貸倒引当金-2,102-1,670-1,604-
敷金および保証金----
投資その他の資産203,479159,403142,432-
固定資産504,108496,800498,900-
総資産981,9671,020,6541,004,223-
 
負債
有利子負債合計342,668367,549369,677-
仕入債務92,38393,49980,068-
前受金----
未払法人税等5,1116,8795,464-
繰延税金負債(固定)5,0583,539--
負債573,730593,442592,814-
 
純資産
資本金71,83371,83371,833-
資本剰余金104,685104,256103,692-
利益剰余金202,413235,324247,055-
自己株式-167-13,412-13,131-
非支配株主持分14,45315,59516,475-
純資産408,237427,212411,409-
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67,89460,36041,557-
減価償却費----
のれん償却額----
減損損失1,0765,99011,030-
受取利息及び受取配当金-3,002-3,293-2,372-
売上債権の増減額-10,813-13,75119,875-
棚卸資産の増減額-11,295-8,187-4,460-
仕入債務の増減額12,307-1,343-9,465-
営業CF80,09280,89994,214-
投資CF
有価証券の取得-5,161-3,620-5,700-
有価証券の売却・償還69040,3579,250-
固定資産の購入-46,036-58,927-70,321-
固定資産の売却10,143310261-
貸付け-868-532-1,277-
貸付金の回収300931,273-
投資CF-51,307-41,288-67,922-
財務CF
短期借入金の純増減額10,61931,433-2,769-
長期借入れ16,05125,91816,675-
長期借入金の返済-45,831-27,858-6,735-
社債の発行--15,000-
社債の償還--11,910-15,000-
自己株式の取得-21-20,039-12-
自己株式の売却----
配当金の支払-11,804-11,688-13,427-
財務CF-31,485-15,353-8,059-
換算差額1,309-184-2,438-
その他
2018.32019.32020.32021.3E
設備投資額46,03662,80068,600-
研究開発費-36,40034,500-
発行済株式総数197,820,227株191,812,131株191,940,423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19,711人20,671人20,075人-
売上/従業員(千円)42,36142,98742,528-
営利/従業員(千円)3,5422,9032,800-
四半期売上(百万円)
売上5y CAGR・予想:0.3 %
四半期利益(百万円)
営利5y CAGR・予想:-8.3 %
純利5y CAGR・予想:-20.5 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上404,654614,678834,986216,374439,418659,650888,589214,621436,040647,460853,746179,113750,000
前期比114.6%114.9%112.6%109.1%108.6%107.3%106.4%99.2%99.2%98.2%96.1%83.5%87.8%
売上原価271,064413,858565,689147,656303,301459,687620,715146,957300,360446,473590,321119,438-
売上総利益133,590200,819269,29768,718136,117199,963267,87467,664135,680200,988263,42459,675-
%33.0%32.7%32.3%31.8%31.0%30.3%30.1%31.5%31.1%31.0%30.9%33.3%-
販管費96,058144,527199,47450,46799,916151,861207,87450,706101,921152,772207,21947,087-
営業利益37,53356,29269,82318,25136,20048,10260,00016,95833,75948,21656,20512,58840,000
前期比139.0%129.1%123.6%95.3%96.4%85.5%85.9%92.9%93.3%100.2%93.7%74.2%71.2%
%9.3%9.2%8.4%8.4%8.2%7.3%6.8%7.9%7.7%7.4%6.6%7.0%5.3%
受取利息および受取配当金1,6972,6633,0021,4591,8052,8263,2938201,3411,8722,372666-
持分法による投資利益8158951,2152711,3611,6104343901,0581,2221,997180-
営業外収益3,4805,6135,9965,0098,1218,2787,2402,8994,6684,4616,8041,268-
支払利息1,3391,9812,6468121,7172,6293,4998991,8872,8373,717764-
持分法による投資損失-------------
営業外費用3,0905,0927,9992,0664,5575,0736,9772,9965,3445,2418,6731,409-
経常利益37,92356,81367,82021,19439,76551,30760,26416,86133,08347,43654,33712,44740,000
固定資産売却益5,4665,5155,59525026929230021282816037-
投資有価証券売却益4324325864723,5953,5864,8493,7043,8105,2325,99815-
特別利益5,9846,3106,7525,2368,5378,6109,9243,7404,3565,8026,70653-
固定資産売却損-------------
投資有価証券売却損434389--255246---114863-
減損損失1693851,076523,9413,9535,9901,6981,9882,33511,030--
特別損失1,3272,9596,6783394,9585,6319,8285,5428,4639,27019,4851,478-
税引前利益42,58160,16467,89426,09243,34454,28660,36015,05928,97743,96841,55711,022-
法人税等12,41419,19020,7936,4038,76712,50913,5634,0007,72112,44414,5784,801-
%29.2%31.9%30.6%24.5%20.2%23.0%22.5%26.6%26.6%28.3%35.1%43.6%-
当期純利益30,16640,97447,10119,68934,57841,77746,79711,05921,25531,52426,9806,221-
非支配株主に帰属する当期純利益9831,2471,5452086701,0241,7402828121,3581,727525-
親会社株主に帰属する当期純利益29,18339,72745,55619,48133,90840,75345,05710,77720,44430,16625,2525,69620,000
前期比136.6%116.6%90.9%145.4%116.2%102.6%98.9%55.3%60.3%74.0%56.0%52.9%79.2%
%7.2%6.5%5.5%9.0%7.7%6.2%5.1%5.0%4.7%4.7%3.0%3.2%2.7%
 
EBITDA37,53356,29269,82318,25136,20048,10260,00016,95833,75948,21656,20512,588-
EPS231.5円231.5円230.3円227.8円234.9円234.9円234.9円131.6円131.6円131.6円131.6円131.6円119.8円
BPS1,947.5円2,014.5円1,986.3円2,063.7円2,176.5円2,158.3円2,141.3円2,087.0円2,102.7円2,177.6円2,053.6円2,080.6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)855,000855,000855,000880,000880,000880,000880,000910,000910,000910,000910,000750,000750,000
対実績比47.3%71.9%97.7%24.6%49.9%75.0%101.0%23.6%47.9%71.1%93.8%23.9%-
営業利益(期初予)62,00062,00062,00070,00070,00070,00070,00060,00060,00060,00060,00040,00040,000
対実績比60.5%90.8%112.6%26.1%51.7%68.7%85.7%28.3%56.3%80.4%93.7%31.5%-
純利益(期初予)42,00042,00042,00047,00047,00047,00047,00041,00041,00041,00041,00023,00020,000
対実績比69.5%94.6%108.5%41.4%72.1%86.7%95.9%26.3%49.9%73.6%61.6%24.8%-
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2,218円2,510円2,001円2,032円2,179円1,757円1,826円1,837円2,076円2,045円1,830円1,714円-
企業価値722,650756,195645,475648,221703,236635,052619,942619,316683,591677,644607,428547,156-
時価総額436,382493,861393,723401,971431,078336,976350,203352,359398,231392,284351,251329,005-
純有利子負債262,334251,752246,250272,158298,076269,739266,957268,779285,360269,619256,177218,151-
PER(会予)9.9倍11.0倍8.7倍8.6倍9.0倍7.0倍7.6倍8.6倍9.7倍11.5倍10.3倍14.3倍-
PBR1.2倍1.3倍1.0倍1.0倍1.1倍0.8倍0.8倍0.9倍1.0倍1.0倍0.9倍0.8倍-
PER × PBR11.9倍14.1倍8.7倍8.7倍9.5倍5.7倍6.4倍7.4倍9.6倍11.2倍9.2倍11.8倍-
EV/EBITDA(会予)11.3倍11.1倍9.5倍9.3倍10.0倍9.8倍10.3倍10.3倍11.4倍12.3倍11.0倍13.7倍-
PSR(会予)0.5倍0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍0.5倍0.4倍0.4倍-
PCFR(会予)9.9倍11.0倍8.7倍8.6倍9.0倍7.0倍7.6倍8.6倍9.7倍11.5倍10.3倍14.3倍-
配当金--60.0円---70.0円---60.0円-0.0円
配当利回り2.5%2.2%2.7%3.0%2.8%3.4%3.3%3.8%3.4%3.4%3.3%3.5%-
配当性向--26.1%---29.8%---45.6%--
自己資本配当率3.1%3.0%3.0%3.4%3.2%3.2%3.3%2.9%2.9%2.8%2.9%2.9%-
ROE11.9%11.5%11.6%11.0%10.8%10.9%11.0%6.3%6.3%6.0%6.4%6.3%-
純利益率(再掲)7.2%6.5%5.5%9.0%7.7%6.2%5.1%5.0%4.7%4.7%3.0%3.2%-
総資産回転率0.9回0.9回0.9回0.9回0.8回0.9回0.9回0.9回0.8回0.8回0.9回0.8回-
財務レバレッジ2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.6倍2.5倍2.5倍2.5倍-
実質ROE11.9%11.5%11.6%11.0%10.5%10.5%10.6%6.1%6.1%5.9%6.2%6.1%-
ROIC6.8%6.6%6.7%5.9%5.7%5.9%6.0%5.4%5.2%5.2%5.4%5.3%-
ROA4.8%4.7%4.6%4.4%4.3%4.4%4.4%2.5%2.5%2.4%2.5%2.5%-
β0.880.850.961.061.071.081.131.151.151.100.950.83-
βの決定係数(R2)0.370.350.420.450.450.500.540.580.580.590.540.48-
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77,08094,06496,418111,515100,892102,603100,59294,923111,726117,965113,500161,313-
売上債権176,173172,902177,777180,309190,103180,369194,241180,681178,015175,524167,194149,133-
棚卸資産138,502142,182136,265146,133153,450155,088145,880149,402151,174150,108143,099153,095-
有価証券10,0003,00014,00027,00020,00036,00033,00036,00036,00036,00036,000--
前払金-------------
繰延税金資産--11,874----------
貸倒引当金-592-570-578-675-582-675-582-536-382-345-523-480-
流動資産459,465475,478477,859520,455546,488522,713523,854511,621525,474527,978505,323502,561-
固定資産
建物・構築物60,24660,59360,10761,43263,96262,67764,15962,06663,08763,62965,03764,727-
機械・運搬具95,58895,36594,87094,387100,430100,658105,908103,895108,551109,503110,956109,491-
土地--42,092---43,334---43,174--
建設仮勘定--20,608---30,827---42,226--
有形固定資産238,654240,134240,289245,800256,411257,297267,887276,167283,006289,637296,081300,063-
のれん31,42430,38027,19227,44440,00337,55632,84530,48036,31535,63223,81322,348-
無形固定資産66,35064,57060,34160,71773,49769,60569,51065,26370,93070,13760,38757,861-
投資有価証券122,841130,869127,721130,565103,11597,96796,17985,23788,08292,46976,63383,395-
繰延税金資産--10,675---7,521------
貸倒引当金-2,126-2,111-2,102-1,991-1,972-1,444-1,670-1,637-1,620-1,616-1,604-1,703-
敷金および保証金-------------
投資その他の資産189,337198,391203,479201,088176,375166,134159,403149,535151,264154,128142,432144,453-
固定資産494,342503,096504,108507,605506,283493,036496,800490,964505,200513,902498,900502,377-
総資産953,807978,574981,9671,028,0601,052,7721,015,7491,020,6541,002,5861,030,6741,041,8801,004,2231,004,937-
 
負債
有利子負債合計339,414345,816342,668383,673398,968372,342367,549363,702397,086387,584369,677379,464-
仕入債務86,51289,97592,38398,70295,73994,95593,49990,73781,21387,73680,06872,705-
前受金-------------
未払法人税等3,8553,1055,1113,2666,3306,2416,8793,3334,8443,3915,4644,208-
繰延税金負債(固定)--5,058---3,539------
負債555,964567,289573,730604,653619,264586,041593,442585,986610,298606,493592,814588,037-
 
純資産
資本金70,81670,81671,83371,83371,83371,83371,83371,83371,83371,83371,83371,833-
資本剰余金103,670103,670104,685104,486103,902103,893104,256104,253103,742103,690103,692103,692-
利益剰余金191,943196,583202,413215,960230,386231,478235,324238,419248,084251,967247,055246,995-
自己株式-236-232-167-151-13,465-13,469-13,412-13,396-13,381-13,359-13,131-13,106-
非支配株主持分13,81614,08714,45314,26415,24714,96115,59515,36116,12816,76816,47516,724-
純資産397,842411,285408,237423,407433,508429,708427,212416,599420,376435,388411,409416,900-
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42,58160,16467,89426,09243,34454,28660,36015,05928,97743,96841,55711,022-
減価償却費-------------
のれん償却額-------------
減損損失1693851,076523,9413,9535,9901,6981,9882,33511,030--
受取利息及び受取配当金-1,697--3,002--1,805--3,293--1,341--2,372--
売上債権の増減額-7,554--10,813--8,086--13,751-13,337-19,875--
棚卸資産の増減額-12,749--11,295--14,044--8,187--6,379--4,460--
仕入債務の増減額5,792-12,307-1,613--1,343--8,616--9,465--
営業CF25,785-80,092-33,915-80,899-41,575-94,214--
投資CF
有価証券の取得-1840-5,1610-1,7530-3,6200-4,9590-5,7000-
有価証券の売却・償還433069003,727040,35707,95409,2500-
固定資産の購入-23,1400-46,0360-27,8340-58,9270-35,7180-70,3210-
固定資産の売却9,711010,1430282031004502610-
貸付け---868----532----1,277--
貸付金の回収--300---93---1,273--
投資CF-20,861--51,307--42,276--41,288--48,667--67,922--
財務CF
短期借入金の純増減額8,858-10,619-61,087-31,433-13,024--2,769--
長期借入れ423-16,051-340-25,918-5,940-16,675--
長期借入金の返済-40,335--45,831--16,001--27,858--888--6,735--
社債の発行--------15,000-15,000--
社債の償還-------11,910----15,000--
自己株式の取得-11--21--20,008--20,039--6--12--
自己株式の売却-------------
配当金の支払-5,902--11,804--5,935--11,688--7,672--13,427--
財務CF-37,288--31,485-18,814--15,353-24,287--8,059--
換算差額1,699-1,309-886--184--3,246--2,438--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額23,140046,036027,834062,800035,718068,6000-
研究開発費------36,400---34,500--
発行済株式総数196,757,500株196,763,073株197,820,227株197,833,153株191,790,450株191,787,011株191,812,131株191,819,568株191,825,995株191,835,965株191,940,423株191,951,542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--19,711人---20,671人---20,075人--
売上/従業員(千円)--42,361---42,987---42,528--
営利/従業員(千円)--3,542---2,903---2,800--
四半期売上(百万円)
売上5y CAGR・予想:0.3 %
四半期利益(百万円)
営利5y CAGR・予想:-8.3 %
純利5y CAGR・予想:-20.5 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上206,414210,024220,308216,374223,044220,232228,939214,621221,419211,420206,286179,113750,000
前期比115.4%115.3%106.9%109.1%108.1%104.9%103.9%99.2%99.3%96.0%90.1%83.5%87.8%
売上原価139,766142,794151,831147,656155,645156,386161,028146,957153,403146,113143,848119,438-
売上総利益66,64867,22968,47868,71867,39963,84667,91167,66468,01665,30862,43659,675-
%32.3%32.0%31.1%31.8%30.2%29.0%29.7%31.5%30.7%30.9%30.3%33.3%-
販管費48,26148,46954,94750,46749,44951,94556,01350,70651,21550,85154,44747,087-
営業利益18,38818,75913,53118,25117,94911,90211,89816,95816,80114,4577,98912,58840,000
前期比162.7%112.9%104.9%95.3%97.6%63.4%87.9%92.9%93.6%121.5%67.1%74.2%71.2%
%8.9%8.9%6.1%8.4%8.0%5.4%5.2%7.9%7.6%6.8%3.9%7.0%5.3%
受取利息および受取配当金0001,459000820000666-
持分法による投資利益518803202711,090249-1,176390668164775180-
営業外収益1,1602,1333835,0093,112157-1,0382,8991,769-2072,3431,268-
支払利息730642665812905912870899988950880764-
持分法による投資損失000-000-000--
営業外費用1,6642,0022,9072,0662,4915161,9042,9962,348-1033,4321,409-
経常利益17,88418,89011,00721,19418,57111,5428,95716,86116,22214,3536,90112,44740,000
固定資産売却益5,418498025019238217013237-
投資有価証券売却益43201544723,123-91,2633,7041061,42276615-
特別利益5,9103264425,2363,301731,3143,7406161,44690453-
固定資産売却損000-000-000--
投資有価証券売却損0046-0255-9-00114863-
減損損失168216691523,889122,0371,6982903478,695--
特別損失7731,6323,7193394,6196734,1975,5422,92180710,2151,478-
税引前利益23,02217,5837,73026,09217,25210,9426,07415,05913,91814,991-2,41111,022-
法人税等6,4166,7761,6036,4032,3643,7421,0544,0003,7214,7232,1344,801-
%27.9%38.5%20.7%24.5%13.7%34.2%17.4%26.6%26.7%31.5%-88.5%43.6%-
当期純利益16,60510,8086,12719,68914,8897,1995,02011,05910,19610,269-4,5446,221-
非支配株主に帰属する当期純利益818264298208462354716282530546369525-
親会社株主に帰属する当期純利益15,78710,5445,82919,48114,4276,8454,30410,7779,6679,722-4,9145,69620,000
前期比158.9%83.1%36.3%145.4%91.4%64.9%73.8%55.3%67.0%142.0%-114.2%52.9%79.2%
%7.6%5.0%2.6%9.0%6.5%3.1%1.9%5.0%4.4%4.6%-2.4%3.2%2.7%
 
EBITDA37,53356,29269,82318,25136,20048,10260,00016,95833,75948,21656,20512,588-
EPS231.5円231.5円230.3円227.8円234.9円234.9円234.9円131.6円131.6円131.6円131.6円131.6円119.8円
BPS1,947.5円2,014.5円1,986.3円2,063.7円2,176.5円2,158.3円2,141.3円2,087.0円2,102.7円2,177.6円2,053.6円2,080.6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)855,000855,000855,000880,000880,000880,000880,000910,000910,000910,000910,000750,000750,000
対実績比47.3%71.9%97.7%24.6%49.9%75.0%101.0%23.6%47.9%71.1%93.8%23.9%-
営業利益(期初予)62,00062,00062,00070,00070,00070,00070,00060,00060,00060,00060,00040,00040,000
対実績比60.5%90.8%112.6%26.1%51.7%68.7%85.7%28.3%56.3%80.4%93.7%31.5%-
純利益(期初予)42,00042,00042,00047,00047,00047,00047,00041,00041,00041,00041,00023,00020,000
対実績比69.5%94.6%108.5%41.4%72.1%86.7%95.9%26.3%49.9%73.6%61.6%24.8%-
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2,218円2,510円2,001円2,032円2,179円1,757円1,826円1,837円2,076円2,045円1,830円1,714円-
企業価値722,650756,195645,475648,221703,236635,052619,942619,316683,591677,644607,428547,156-
時価総額436,382493,861393,723401,971431,078336,976350,203352,359398,231392,284351,251329,005-
純有利子負債262,334251,752246,250272,158298,076269,739266,957268,779285,360269,619256,177218,151-
PER(会予)9.9倍11.0倍8.7倍8.6倍9.0倍7.0倍7.6倍8.6倍9.7倍11.5倍10.3倍14.3倍-
PBR1.2倍1.3倍1.0倍1.0倍1.1倍0.8倍0.8倍0.9倍1.0倍1.0倍0.9倍0.8倍-
PER × PBR11.9倍14.1倍8.7倍8.7倍9.5倍5.7倍6.4倍7.4倍9.6倍11.2倍9.2倍11.8倍-
EV/EBITDA(会予)11.3倍11.1倍9.5倍9.3倍10.0倍9.8倍10.3倍10.3倍11.4倍12.3倍11.0倍13.7倍-
PSR(会予)0.5倍0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍0.5倍0.4倍0.4倍-
PCFR(会予)9.9倍11.0倍8.7倍8.6倍9.0倍7.0倍7.6倍8.6倍9.7倍11.5倍10.3倍14.3倍-
配当金--60.0円---70.0円---60.0円-0.0円
配当利回り2.5%2.2%2.7%3.0%2.8%3.4%3.3%3.8%3.4%3.4%3.3%3.5%-
配当性向--26.1%---29.8%---45.6%--
自己資本配当率3.1%3.0%3.0%3.4%3.2%3.2%3.3%2.9%2.9%2.8%2.9%2.9%-
ROE11.9%11.5%11.6%11.0%10.8%10.9%11.0%6.3%6.3%6.0%6.4%6.3%-
純利益率(再掲)7.2%6.5%5.5%9.0%7.7%6.2%5.1%5.0%4.7%4.7%3.0%3.2%-
総資産回転率0.9回0.9回0.9回0.9回0.8回0.9回0.9回0.9回0.8回0.8回0.9回0.8回-
財務レバレッジ2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.5倍2.6倍2.5倍2.5倍2.5倍-
実質ROE11.9%11.5%11.6%11.0%10.5%10.5%10.6%6.1%6.1%5.9%6.2%6.1%-
ROIC6.8%6.6%6.7%5.9%5.7%5.9%6.0%5.4%5.2%5.2%5.4%5.3%-
ROA4.8%4.7%4.6%4.4%4.3%4.4%4.4%2.5%2.5%2.4%2.5%2.5%-
β0.880.850.961.061.071.081.131.151.151.100.950.83-
βの決定係数(R2)0.370.350.420.450.450.500.540.580.580.590.540.48-
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77,08094,06496,418111,515100,892102,603100,59294,923111,726117,965113,500161,313-
売上債権176,173172,902177,777180,309190,103180,369194,241180,681178,015175,524167,194149,133-
棚卸資産138,502142,182136,265146,133153,450155,088145,880149,402151,174150,108143,099153,095-
有価証券10,0003,00014,00027,00020,00036,00033,00036,00036,00036,00036,000--
前払金-------------
繰延税金資産--11,874----------
貸倒引当金-592-570-578-675-582-675-582-536-382-345-523-480-
流動資産459,465475,478477,859520,455546,488522,713523,854511,621525,474527,978505,323502,561-
固定資産
建物・構築物60,24660,59360,10761,43263,96262,67764,15962,06663,08763,62965,03764,727-
機械・運搬具95,58895,36594,87094,387100,430100,658105,908103,895108,551109,503110,956109,491-
土地--42,092---43,334---43,174--
建設仮勘定--20,608---30,827---42,226--
有形固定資産238,654240,134240,289245,800256,411257,297267,887276,167283,006289,637296,081300,063-
のれん31,42430,38027,19227,44440,00337,55632,84530,48036,31535,63223,81322,348-
無形固定資産66,35064,57060,34160,71773,49769,60569,51065,26370,93070,13760,38757,861-
投資有価証券122,841130,869127,721130,565103,11597,96796,17985,23788,08292,46976,63383,395-
繰延税金資産--10,675---7,521------
貸倒引当金-2,126-2,111-2,102-1,991-1,972-1,444-1,670-1,637-1,620-1,616-1,604-1,703-
敷金および保証金-------------
投資その他の資産189,337198,391203,479201,088176,375166,134159,403149,535151,264154,128142,432144,453-
固定資産494,342503,096504,108507,605506,283493,036496,800490,964505,200513,902498,900502,377-
総資産953,807978,574981,9671,028,0601,052,7721,015,7491,020,6541,002,5861,030,6741,041,8801,004,2231,004,937-
 
負債
有利子負債合計339,414345,816342,668383,673398,968372,342367,549363,702397,086387,584369,677379,464-
仕入債務86,51289,97592,38398,70295,73994,95593,49990,73781,21387,73680,06872,705-
前受金-------------
未払法人税等3,8553,1055,1113,2666,3306,2416,8793,3334,8443,3915,4644,208-
繰延税金負債(固定)--5,058---3,539------
負債555,964567,289573,730604,653619,264586,041593,442585,986610,298606,493592,814588,037-
 
純資産
資本金70,81670,81671,83371,83371,83371,83371,83371,83371,83371,83371,83371,833-
資本剰余金103,670103,670104,685104,486103,902103,893104,256104,253103,742103,690103,692103,692-
利益剰余金191,943196,583202,413215,960230,386231,478235,324238,419248,084251,967247,055246,995-
自己株式-236-232-167-151-13,465-13,469-13,412-13,396-13,381-13,359-13,131-13,106-
非支配株主持分13,81614,08714,45314,26415,24714,96115,59515,36116,12816,76816,47516,724-
純資産397,842411,285408,237423,407433,508429,708427,212416,599420,376435,388411,409416,900-
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42,58160,16467,89426,09243,34454,28660,36015,05928,97743,96841,55711,022-
減価償却費-------------
のれん償却額-------------
減損損失168216691523,889122,0371,6982903478,695--
受取利息及び受取配当金-1,697--3,002--1,805--3,293--1,341--2,372--
売上債権の増減額-7,554--10,813--8,086--13,751-13,337-19,875--
棚卸資産の増減額-12,749--11,295--14,044--8,187--6,379--4,460--
仕入債務の増減額5,792-12,307-1,613--1,343--8,616--9,465--
営業CF25,785-80,092-33,915-80,899-41,575-94,214--
投資CF
有価証券の取得-1840-5,1610-1,7530-3,6200-4,9590-5,7000-
有価証券の売却・償還433069003,727040,35707,95409,2500-
固定資産の購入-23,1400-46,0360-27,8340-58,9270-35,7180-70,3210-
固定資産の売却9,711010,1430282031004502610-
貸付け---868----532----1,277--
貸付金の回収--300---93---1,273--
投資CF-20,861--51,307--42,276--41,288--48,667--67,922--
財務CF
短期借入金の純増減額8,858-10,619-61,087-31,433-13,024--2,769--
長期借入れ423-16,051-340-25,918-5,940-16,675--
長期借入金の返済-40,335--45,831--16,001--27,858--888--6,735--
社債の発行--------15,000-15,000--
社債の償還-------11,910----15,000--
自己株式の取得-11--21--20,008--20,039--6--12--
自己株式の売却-------------
配当金の支払-5,902--11,804--5,935--11,688--7,672--13,427--
財務CF-37,288--31,485-18,814--15,353-24,287--8,059--
換算差額1,699-1,309-886--184--3,246--2,438--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額23,140046,036027,834062,800035,718068,6000-
研究開発費------36,400---34,500--
発行済株式総数196,757,500株196,763,073株197,820,227株197,833,153株191,790,450株191,787,011株191,812,131株191,819,568株191,825,995株191,835,965株191,940,423株191,951,542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--19,711人---20,671人---20,075人--
売上/従業員(千円)--42,361---42,987---42,528--
営利/従業員(千円)--3,542---2,903---2,800--