通期売上(百万円)
売上5y CAGR・予想:1.3 %
通期利益(百万円)
営利5y CAGR・予想:-16.5 %
純利5y CAGR・予想:-24.7 %
P/L
2017.122018.122019.122020.12E
売上518,442602,996575,807590,000
前期比106.9%116.3%95.5%102.5%
売上原価338,601410,453395,125-
売上総利益179,840192,542180,682-
%34.7%31.9%31.4%-
販管費103,488126,748126,508-
営業利益76,35165,79454,17360,000
前期比112.6%86.2%82.3%110.8%
%14.7%10.9%9.4%10.2%
受取利息および受取配当金1,8071,7701,006-
持分法による投資利益4333361-
営業外収益3,2213,7832,919-
支払利息7291,2801,398-
持分法による投資損失----
営業外費用5,3388,4098,822-
経常利益74,23561,16748,27156,000
固定資産売却益----
投資有価証券売却益1,352-1,723-
特別利益3,85233614,107-
固定資産売却損----
投資有価証券売却損556-860-
減損損失1,6746,6623,668-
特別損失8,70911,46159,484-
税引前利益69,37750,0412,893-
法人税等14,04015,4413,810-
%20.2%30.9%131.7%-
当期純利益55,33634,599-916-
非支配株主に帰属する当期純利益8761,0381,039-
親会社株主に帰属する当期純利益54,45933,560-1,95635,000
前期比134.8%61.6%-5.8%-1,789.4%
%10.5%5.6%-5.9%
 
EBITDA119,316122,492112,331-
EPS155.2円96.2円-5.7円7.3円
BPS1,587.6円1,593.0円1,527.8円-
期初会社予想
2017.122018.122019.122020.12E
売上高(期初予)530,000540,000630,000590,000
対実績比97.8%111.7%91.4%-
営業利益(期初予)70,00077,00079,00060,000
対実績比109.1%85.4%68.6%-
純利益(期初予)42,00049,00047,00035,000
対実績比129.7%68.5%-4.2%-
配当
ROEデュポン分解
β
マルチプル
2017.122018.122019.122020.12E
株価2,126円1,550円1,331円-
企業価値764,876696,987636,685-
時価総額748,488540,444457,489-
純有利子負債-941149,567164,851-
PER(会予)16.3倍11.0倍183.0倍-
PBR1.4倍0.9倍0.9倍-
PER × PBR22.6倍10.4倍155.7倍-
EV/EBITDA(会予)6.6倍5.8倍5.6倍-
PSR(会予)1.5倍0.9倍0.8倍-
PCFR(会予)8.5倍5.9倍7.7倍-
配当金42.0円42.0円42.0円42.0円
配当利回り1.9%2.7%3.2%-
配当性向27.1%43.6%-738.1%-
自己資本配当率2.6%2.6%2.7%-
ROE9.8%6.0%--
純利益率(再掲)10.5%5.6%--
総資産回転率0.7回0.6回0.6回-
財務レバレッジ1.4倍1.7倍1.9倍-
実質ROE9.7%5.9%--
ROIC10.1%6.5%6.6%-
ROA7.0%3.5%--
β0.971.061.06-
βの決定係数(R2)0.450.530.51-
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
2017.122018.122019.122020.12E
流動資産
現金60,90467,02272,014-
売上債権113,876128,107121,166-
棚卸資産128,975152,969152,003-
有価証券38,29632,92133,341-
前払金----
繰延税金資産7,1983,794--
貸倒引当金-436-426-455-
流動資産360,468394,910394,732-
固定資産
建物・構築物59,26774,18279,629-
機械・運搬具164,803204,215205,974-
土地19,67122,70722,062-
建設仮勘定38,18749,46882,071-
有形固定資産287,196357,411414,793-
のれん24,56766,48561,357-
無形固定資産77,024144,150129,934-
投資有価証券35,42029,50928,770-
繰延税金資産6,73912,99313,506-
貸倒引当金-42-40-28-
敷金および保証金----
投資その他の資産52,04550,62251,688-
固定資産416,266552,184596,416-
総資産776,735947,095991,149-
 
負債
有利子負債合計59,963216,589236,865-
仕入債務39,86445,40839,883-
前受金----
未払法人税等13,5948,4744,307-
繰延税金負債(固定)15,25124,95113,743-
負債211,247380,062452,604-
 
純資産
資本金88,95588,95588,955-
資本剰余金87,21987,20787,197-
利益剰余金344,653364,841348,289-
自己株式-6,110-9,746-16,286-
非支配株主持分7,98011,00712,729-
純資産565,487567,033538,545-
キャッシュフロー(百万円)
C/S
2017.122018.122019.122020.12E
営業CF
税金等調整前当期純利益69,37750,0412,893-
減価償却費42,96556,69858,158-
のれん償却額----
減損損失1,6746,6623,668-
受取利息及び受取配当金-1,807-1,771-1,006-
売上債権の増減額-7,294-1,0015,724-
棚卸資産の増減額-14,835-9,096-781-
仕入債務の増減額3,031-2,082-5,182-
営業CF84,60675,17195,577-
投資CF
有価証券の取得-1,036-150-956-
有価証券の売却・償還1,5616252,658-
固定資産の購入-55,419-65,957-87,105-
固定資産の売却5999587-
貸付け----
貸付金の回収----
投資CF-79,896-186,982-89,369-
財務CF
短期借入金の純増減額23226,715490-
長期借入れ-90,0007,744-
長期借入金の返済-85-25,860-12,050-
社債の発行-40,000--
社債の償還----
自己株式の取得-2,892-3,735-6,617-
自己株式の売却5295955-
配当金の支払-14,420-14,691-14,595-
財務CF-17,176114,088-1,517-
換算差額-882-1,210-70-
その他
2017.122018.122019.122020.12E
設備投資額54,51466,82597,366-
研究開発費--21,170-
発行済株式総数350,823,421株348,684,025株343,732,769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
2017.122018.122019.122020.12E
従業員数9,089人10,768人11,115人-
売上/従業員(千円)57,04155,99951,804-
営利/従業員(千円)8,4006,1104,874-
四半期売上(百万円)
売上5y CAGR・予想:1.3 %
四半期利益(百万円)
営利5y CAGR・予想:-16.5 %
純利5y CAGR・予想:-24.7 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上379,663518,442149,158301,382449,929602,996141,646287,419428,914575,807136,927262,006510,000
前期比105.2%106.9%118.1%119.9%118.5%116.3%95.0%95.4%95.3%95.5%96.7%91.2%88.6%
売上原価244,538338,60195,571202,846302,242410,45396,061195,784292,167395,12594,229182,449-
売上総利益135,124179,84053,58698,536147,687192,54245,58591,634136,746180,68242,69779,557-
%35.6%34.7%35.9%32.7%32.8%31.9%32.2%31.9%31.9%31.4%31.2%30.4%-
販管費76,782103,48831,25662,26693,312126,74830,95263,71394,411126,50830,72559,946-
営業利益58,34276,35122,32936,26954,37565,79414,63227,92142,33454,17311,97119,61133,000
前期比111.0%112.6%98.0%96.0%93.2%86.2%65.5%77.0%77.9%82.3%81.8%70.2%60.9%
%15.4%14.7%15.0%12.0%12.1%10.9%10.3%9.7%9.9%9.4%8.7%7.5%6.5%
受取利息および受取配当金1,5951,8079781,4691,4641,7701154976791,006144481-
持分法による投資利益22475174247333591282533614258-
営業外収益2,5463,2211,4992,5502,8543,7836861,0501,6362,9196611,138-
支払利息5437293916619651,2803827261,0761,398315651-
持分法による投資損失-------------
営業外費用3,7995,3381,9094,2485,1998,4092,5234,2866,0298,8221,3273,111-
経常利益57,08974,23521,91934,57152,03061,16712,79424,68537,94148,27111,30617,63829,000
固定資産売却益-------------
投資有価証券売却益1,3521,352----1,5681,5681,5681,723---
特別利益3,8523,8523363363363361,5681,90612,26014,107334679-
固定資産売却損-------------
投資有価証券売却損556556-------860---
減損損失-1,674---6,6623,3923,3873,3583,668---
特別損失6,0418,7091,1202,0973,12111,4613,9996,25221,15659,4841,0735,053-
税引前利益54,90069,37721,13532,81049,24450,04110,36320,33929,0452,89310,56713,264-
法人税等16,70114,0405,7229,72315,13115,4413,9526,5418,8283,8103,5473,681-
%30.4%20.2%27.1%29.6%30.7%30.9%38.1%32.2%30.4%131.7%33.6%27.8%-
当期純利益38,19855,33615,41223,08634,11234,5996,41113,79720,216-9167,0199,582-
非支配株主に帰属する当期純利益7018763014988291,0383265438591,039314422-
親会社株主に帰属する当期純利益37,49654,45915,11122,58833,28333,5606,08513,25419,357-1,9566,7059,16013,000
前期比109.2%134.8%98.9%93.3%88.8%61.6%40.3%58.7%58.2%-5.8%110.2%69.1%-664.6%
%9.9%10.5%10.1%7.5%7.4%5.6%4.3%4.6%4.5%-4.9%3.5%2.5%
 
EBITDA58,342119,31622,32963,58554,375122,49214,63256,36142,334112,33111,97150,637-
EPS154.7円155.2円95.7円96.3円96.3円96.2円-5.6円-5.6円-5.7円-5.7円-5.7円-5.7円0.0円
BPS1,529.1円1,587.6円1,556.1円1,599.3円1,640.6円1,593.0円1,583.2円1,574.0円1,564.2円1,527.8円1,498.9円1,503.8円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)530,000530,000540,000540,000540,000540,000630,000630,000630,000630,000590,000590,000510,000
対実績比71.6%97.8%27.6%55.8%83.3%111.7%22.5%45.6%68.1%91.4%23.2%44.4%-
営業利益(期初予)70,00070,00077,00077,00077,00077,00079,00079,00079,00079,00060,00060,00033,000
対実績比83.3%109.1%29.0%47.1%70.6%85.4%18.5%35.3%53.6%68.6%20.0%32.7%-
純利益(期初予)42,00042,00049,00049,00049,00049,00047,00047,00047,00047,00035,00035,00013,000
対実績比89.3%129.7%30.8%46.1%67.9%68.5%12.9%28.2%41.2%-4.2%19.2%26.2%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価2,104円2,126円1,808円1,526円1,708円1,550円1,408円1,287円1,327円1,331円1,092円1,125円-
企業価値754,787764,876633,348688,440758,402696,987640,514627,747635,310636,685585,318579,749-
時価総額740,465748,488634,289535,405595,527540,444490,947447,330456,114457,489375,493386,915-
純有利子負債16,388-941153,035162,875156,543149,567180,417176,739179,196164,851209,825192,834-
PER(会予)16.1倍16.3倍12.9倍10.9倍12.2倍11.0倍10.4倍11.2倍12.0倍183.0倍10.7倍--
PBR1.4倍1.4倍1.1倍1.0倍1.1倍0.9倍0.9倍0.8倍0.8倍0.9倍0.7倍0.7倍-
PER × PBR22.6倍22.6倍14.7倍10.7倍13.0倍10.4倍9.2倍9.1倍10.2倍155.7倍7.8倍--
EV/EBITDA(会予)6.5倍6.6倍5.3倍5.7倍6.3倍5.8倍4.7倍5.0倍5.1倍5.6倍5.0倍--
PSR(会予)1.4倍1.5倍1.2倍0.9倍1.0倍0.9倍0.8倍0.7倍0.8倍0.8倍0.6倍--
PCFR(会予)8.5倍8.5倍6.9倍5.8倍6.5倍5.9倍4.7倍4.6倍4.8倍7.7倍4.0倍6.7倍-
配当金-42.0円---42.0円---42.0円--42.0円
配当利回り1.9%1.9%2.3%2.8%2.5%2.7%3.0%3.3%3.2%3.2%3.8%3.7%-
配当性向-27.1%---43.6%----738.1%---
自己資本配当率2.7%2.6%2.7%2.6%2.6%2.6%2.7%2.7%2.7%2.7%2.8%2.8%-
ROE10.1%9.8%6.1%6.0%5.9%6.0%-------
純利益率(再掲)9.9%10.5%10.1%7.5%7.4%5.6%4.3%4.6%4.5%-4.9%3.5%-
総資産回転率0.7回0.7回0.7回0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.5回-
財務レバレッジ1.4倍1.4倍1.7倍1.7倍1.7倍1.7倍1.8倍1.8倍1.8倍1.9倍1.9倍2.1倍-
実質ROE10.1%9.7%6.1%5.9%5.8%5.9%-------
ROIC10.4%10.1%6.7%6.6%6.4%6.5%6.3%6.5%6.5%6.6%6.3%5.6%-
ROA7.2%7.0%3.6%3.6%3.5%3.5%-------
β1.000.971.001.071.061.061.051.061.091.061.000.94-
βの決定係数(R2)0.480.450.470.460.490.530.480.500.520.510.510.51-
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.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金43,41560,90453,93744,02960,21167,02268,80855,46557,32572,01476,772189,464-
売上債権110,044113,876124,703134,071130,824128,107121,746122,377113,551121,166118,370110,479-
棚卸資産123,374128,975151,718146,067154,909152,969159,960156,357156,917152,003156,519150,000-
有価証券52,32938,29638,68445,18131,91132,92149,68343,85541,36433,34134,42117,927-
前払金-------------
繰延税金資産7,0657,1988,0736,9497,6653,794-------
貸倒引当金-475-436-570-563-566-426-414-397-389-455-371-371-
流動資産347,354360,468392,457390,145399,179394,910416,335394,774397,235394,732402,145487,762-
固定資産
建物・構築物58,86559,26766,98067,84470,72374,18274,90474,74175,83079,62982,38382,502-
機械・運搬具165,544164,803185,477187,422190,307204,215205,657198,119197,857205,974208,249204,108-
土地19,57719,67121,27021,30321,44122,70722,42522,25021,84622,06222,09422,114-
建設仮勘定33,28438,18741,87746,60253,68449,46855,28867,08178,72382,07177,50089,531-
有形固定資産282,659287,196321,269329,152342,735357,411384,823387,994399,639414,793414,918423,016-
のれん24,92124,567102,164104,465105,72566,48565,32462,50961,36961,35759,84558,414-
無形固定資産76,72677,024158,482161,666163,915144,150139,239133,128130,375129,934126,217123,452-
投資有価証券32,72635,42035,98935,79835,75129,50928,39927,05328,66528,77024,56525,609-
繰延税金資産7,9956,7397,1527,2167,46212,99314,00213,46714,15813,506---
貸倒引当金-43-42-41-41-40-40-32-32-27-28-28-28-
敷金および保証金-------------
投資その他の資産49,32152,04552,65752,32352,48050,62250,25548,67751,02351,68849,81849,557-
固定資産408,707416,266532,409543,141559,131552,184574,319569,799581,038596,416590,954596,026-
総資産756,062776,735924,866933,286958,310947,095990,654964,574978,274991,149993,0991,083,789-
 
負債
有利子負債合計59,80359,963206,972206,904216,754216,589249,225232,204236,521236,865286,597382,298-
仕入債務31,96139,86450,32546,72544,59445,40840,90537,42337,07239,88338,51531,701-
前受金-------------
未払法人税等9,47513,59411,22410,5068,0788,4745,4488,1593,5714,3074,9885,695-
繰延税金負債(固定)24,31015,25115,68016,17917,29024,95124,67523,24622,92913,743---
負債209,402211,247370,289366,836377,097380,062428,594407,652428,315452,604463,297551,507-
 
純資産
資本金88,95588,95588,95588,95588,95588,95588,95588,95588,95588,95588,95588,955-
資本剰余金87,22387,21987,21587,21187,21087,20787,20487,20087,19987,19787,18787,178-
利益剰余金327,573344,653353,964362,065366,338364,841363,255370,424369,603348,289347,407349,863-
自己株式-3,309-6,110-6,062-9,769-9,762-9,746-11,378-13,221-16,307-16,286-16,103-16,005-
非支配株主持分7,7747,9808,0158,2398,57211,00711,08611,30911,64512,72913,79014,765-
純資産546,659565,487554,576566,449581,212567,033562,060556,921549,958538,545529,802532,282-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益54,90069,37721,13532,81049,24450,04110,36320,33929,0452,89310,56713,264-
減価償却費-42,965-27,316-56,698-28,440-58,158-31,026-
のれん償却額-------------
減損損失-1,674---6,6623,3923,3873,3583,668---
受取利息及び受取配当金--1,807----1,771----1,006---
売上債権の増減額--7,294--6,978--1,001-3,946-5,724-9,712-
棚卸資産の増減額--14,835--3,995--9,096--6,190--781-378-
仕入債務の増減額-3,031--485--2,082--7,449--5,182--7,911-
営業CF-84,606-30,788-75,171-37,440-95,577-12,093-
投資CF
有価証券の取得0-1,0360-990-1500-3610-9560-85-
有価証券の売却・償還01,5610172062502,20802,6580156-
固定資産の購入0-55,4190-30,1880-65,9570-40,7930-87,1050-46,937-
固定資産の売却0590009900058700-
貸付け-------------
貸付金の回収-------------
投資CF--79,896--144,392--186,982--49,463--89,369--46,973-
財務CF
短期借入金の純増減額-232-26,990-26,715-567-490-340-
長期借入れ---80,000-90,000-2,094-7,744-79,261-
長期借入金の返済--85--25,412--25,860--11,033--12,050--16-
社債の発行---40,000-40,000-----30,000-
社債の償還-------------
自己株式の取得--2,892--3,732--3,735--3,519--6,617---
自己株式の売却-529---59---55---
配当金の支払--14,420--7,718--14,691--7,671--14,595--7,562-
財務CF--17,176-109,767-114,088-3,474--1,517-139,081-
換算差額--882-557--1,210--702--70--1,150-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額054,514030,188066,825040,793097,366046,937-
研究開発費---------21,170---
発行済株式総数352,063,871株350,823,421株350,855,503株348,669,426株348,673,612株348,684,025株347,575,570株346,211,630株343,718,498株343,732,769株343,857,757株343,924,340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.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-9,089人---10,768人---11,115人---
売上/従業員(千円)-57,041---55,999---51,804---
営利/従業員(千円)-8,400---6,110---4,874---
四半期売上(百万円)
売上5y CAGR・予想:1.3 %
四半期利益(百万円)
営利5y CAGR・予想:-16.5 %
純利5y CAGR・予想:-24.7 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上128,323138,779149,158152,224148,547153,067141,646145,773141,495146,893136,927125,079510,000
前期比110.0%111.6%118.1%121.8%115.8%110.3%95.0%95.8%95.3%96.0%96.7%85.8%88.6%
売上原価81,93394,06395,571107,27599,396108,21196,06199,72396,383102,95894,22988,220-
売上総利益46,38944,71653,58644,95049,15144,85545,58546,04945,11243,93642,69736,860-
%36.2%32.2%35.9%29.5%33.1%29.3%32.2%31.6%31.9%29.9%31.2%29.5%-
販管費25,82926,70631,25631,01031,04633,43630,95232,76130,69832,09730,72529,221-
営業利益20,56118,00922,32913,94018,10611,41914,63213,28914,41311,83911,9717,64033,000
前期比114.7%118.0%98.0%92.9%88.1%63.4%65.5%95.3%79.6%103.7%81.8%57.5%60.9%
%16.0%13.0%15.0%9.2%12.2%7.5%10.3%9.1%10.2%8.1%8.7%6.1%6.5%
受取利息および受取配当金009780001150001440-
持分法による投資利益21-187599738659691251084216-
営業外収益7566751,4991,0513049296863645861,283661477-
支払利息189186391270304315382344350322315336-
持分法による投資損失00-000-000-0-
営業外費用7661,5391,9092,3399513,2102,5231,7631,7432,7931,3271,784-
経常利益20,55117,14621,91912,65217,4599,13712,79411,89113,25610,33011,3066,33229,000
固定資産売却益00-000-000-0-
投資有価証券売却益1,3520-0001,56800155-0-
特別利益1,35203360001,56833810,3541,847334345-
固定資産売却損00-000-000-0-
投資有価証券売却損00-000-00860-0-
減損損失01,674-006,6623,392-5-29310-0-
特別損失2,3392,6681,1209771,0248,3403,9992,25314,90438,3281,0733,980-
税引前利益19,56514,47721,13511,67516,43479710,3639,9768,706-26,15210,5672,697-
法人税等5,985-2,6615,7224,0015,4083103,9522,5892,287-5,0183,547134-
%30.6%-18.4%27.1%34.3%32.9%38.9%38.1%26.0%26.3%19.2%33.6%5.0%-
当期純利益13,57917,13815,4127,67411,0264876,4117,3866,419-21,1327,0192,563-
非支配株主に帰属する当期純利益292175301197331209326217316180314108-
親会社株主に帰属する当期純利益13,28716,96315,1117,47710,6952776,0857,1696,103-21,3136,7052,45513,000
前期比110.9%280.5%98.9%83.7%80.5%1.6%40.3%95.9%57.1%-7,694.2%110.2%34.2%-664.6%
%10.4%12.2%10.1%4.9%7.2%0.2%4.3%4.9%4.3%-14.5%4.9%2.0%2.5%
 
EBITDA58,342119,31622,32963,58554,375122,49214,63256,36142,334112,33111,97150,637-
EPS154.7円155.2円95.7円96.3円96.3円96.2円-5.6円-5.6円-5.7円-5.7円-5.7円-5.7円0.0円
BPS1,529.1円1,587.6円1,556.1円1,599.3円1,640.6円1,593.0円1,583.2円1,574.0円1,564.2円1,527.8円1,498.9円1,503.8円-
期初会社予想
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)530,000530,000540,000540,000540,000540,000630,000630,000630,000630,000590,000590,000510,000
対実績比71.6%97.8%27.6%55.8%83.3%111.7%22.5%45.6%68.1%91.4%23.2%44.4%-
営業利益(期初予)70,00070,00077,00077,00077,00077,00079,00079,00079,00079,00060,00060,00033,000
対実績比83.3%109.1%29.0%47.1%70.6%85.4%18.5%35.3%53.6%68.6%20.0%32.7%-
純利益(期初予)42,00042,00049,00049,00049,00049,00047,00047,00047,00047,00035,00035,00013,000
対実績比89.3%129.7%30.8%46.1%67.9%68.5%12.9%28.2%41.2%-4.2%19.2%26.2%-
配当
ROEデュポン分解
β
マルチプル
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価2,104円2,126円1,808円1,526円1,708円1,550円1,408円1,287円1,327円1,331円1,092円1,125円-
企業価値754,787764,876633,348688,440758,402696,987640,514627,747635,310636,685585,318579,749-
時価総額740,465748,488634,289535,405595,527540,444490,947447,330456,114457,489375,493386,915-
純有利子負債16,388-941153,035162,875156,543149,567180,417176,739179,196164,851209,825192,834-
PER(会予)16.1倍16.3倍12.9倍10.9倍12.2倍11.0倍10.4倍11.2倍12.0倍183.0倍10.7倍--
PBR1.4倍1.4倍1.1倍1.0倍1.1倍0.9倍0.9倍0.8倍0.8倍0.9倍0.7倍0.7倍-
PER × PBR22.6倍22.6倍14.7倍10.7倍13.0倍10.4倍9.2倍9.1倍10.2倍155.7倍7.8倍--
EV/EBITDA(会予)6.5倍6.6倍5.3倍5.7倍6.3倍5.8倍4.7倍5.0倍5.1倍5.6倍5.0倍--
PSR(会予)1.4倍1.5倍1.2倍0.9倍1.0倍0.9倍0.8倍0.7倍0.8倍0.8倍0.6倍--
PCFR(会予)8.5倍8.5倍6.9倍5.8倍6.5倍5.9倍4.7倍4.6倍4.8倍7.7倍4.0倍6.7倍-
配当金-42.0円---42.0円---42.0円--42.0円
配当利回り1.9%1.9%2.3%2.8%2.5%2.7%3.0%3.3%3.2%3.2%3.8%3.7%-
配当性向-27.1%---43.6%----738.1%---
自己資本配当率2.7%2.6%2.7%2.6%2.6%2.6%2.7%2.7%2.7%2.7%2.8%2.8%-
ROE10.1%9.8%6.1%6.0%5.9%6.0%-------
純利益率(再掲)9.9%10.5%10.1%7.5%7.4%5.6%4.3%4.6%4.5%-4.9%3.5%-
総資産回転率0.7回0.7回0.7回0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.5回-
財務レバレッジ1.4倍1.4倍1.7倍1.7倍1.7倍1.7倍1.8倍1.8倍1.8倍1.9倍1.9倍2.1倍-
実質ROE10.1%9.7%6.1%5.9%5.8%5.9%-------
ROIC10.4%10.1%6.7%6.6%6.4%6.5%6.3%6.5%6.5%6.6%6.3%5.6%-
ROA7.2%7.0%3.6%3.6%3.5%3.5%-------
β1.000.971.001.071.061.061.051.061.091.061.000.94-
βの決定係数(R2)0.480.450.470.460.490.530.480.500.520.510.510.51-
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.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金43,41560,90453,93744,02960,21167,02268,80855,46557,32572,01476,772189,464-
売上債権110,044113,876124,703134,071130,824128,107121,746122,377113,551121,166118,370110,479-
棚卸資産123,374128,975151,718146,067154,909152,969159,960156,357156,917152,003156,519150,000-
有価証券52,32938,29638,68445,18131,91132,92149,68343,85541,36433,34134,42117,927-
前払金-------------
繰延税金資産7,0657,1988,0736,9497,6653,794-------
貸倒引当金-475-436-570-563-566-426-414-397-389-455-371-371-
流動資産347,354360,468392,457390,145399,179394,910416,335394,774397,235394,732402,145487,762-
固定資産
建物・構築物58,86559,26766,98067,84470,72374,18274,90474,74175,83079,62982,38382,502-
機械・運搬具165,544164,803185,477187,422190,307204,215205,657198,119197,857205,974208,249204,108-
土地19,57719,67121,27021,30321,44122,70722,42522,25021,84622,06222,09422,114-
建設仮勘定33,28438,18741,87746,60253,68449,46855,28867,08178,72382,07177,50089,531-
有形固定資産282,659287,196321,269329,152342,735357,411384,823387,994399,639414,793414,918423,016-
のれん24,92124,567102,164104,465105,72566,48565,32462,50961,36961,35759,84558,414-
無形固定資産76,72677,024158,482161,666163,915144,150139,239133,128130,375129,934126,217123,452-
投資有価証券32,72635,42035,98935,79835,75129,50928,39927,05328,66528,77024,56525,609-
繰延税金資産7,9956,7397,1527,2167,46212,99314,00213,46714,15813,506---
貸倒引当金-43-42-41-41-40-40-32-32-27-28-28-28-
敷金および保証金-------------
投資その他の資産49,32152,04552,65752,32352,48050,62250,25548,67751,02351,68849,81849,557-
固定資産408,707416,266532,409543,141559,131552,184574,319569,799581,038596,416590,954596,026-
総資産756,062776,735924,866933,286958,310947,095990,654964,574978,274991,149993,0991,083,789-
 
負債
有利子負債合計59,80359,963206,972206,904216,754216,589249,225232,204236,521236,865286,597382,298-
仕入債務31,96139,86450,32546,72544,59445,40840,90537,42337,07239,88338,51531,701-
前受金-------------
未払法人税等9,47513,59411,22410,5068,0788,4745,4488,1593,5714,3074,9885,695-
繰延税金負債(固定)24,31015,25115,68016,17917,29024,95124,67523,24622,92913,743---
負債209,402211,247370,289366,836377,097380,062428,594407,652428,315452,604463,297551,507-
 
純資産
資本金88,95588,95588,95588,95588,95588,95588,95588,95588,95588,95588,95588,955-
資本剰余金87,22387,21987,21587,21187,21087,20787,20487,20087,19987,19787,18787,178-
利益剰余金327,573344,653353,964362,065366,338364,841363,255370,424369,603348,289347,407349,863-
自己株式-3,309-6,110-6,062-9,769-9,762-9,746-11,378-13,221-16,307-16,286-16,103-16,005-
非支配株主持分7,7747,9808,0158,2398,57211,00711,08611,30911,64512,72913,79014,765-
純資産546,659565,487554,576566,449581,212567,033562,060556,921549,958538,545529,802532,282-
キャッシュフロー(百万円)
C/S
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
営業CF
税金等調整前当期純利益54,90069,37721,13532,81049,24450,04110,36320,33929,0452,89310,56713,264-
減価償却費-42,965-27,316-56,698-28,440-58,158-31,026-
のれん償却額-------------
減損損失01,674-006,6623,392-5-29310-0-
受取利息及び受取配当金--1,807----1,771----1,006---
売上債権の増減額--7,294--6,978--1,001-3,946-5,724-9,712-
棚卸資産の増減額--14,835--3,995--9,096--6,190--781-378-
仕入債務の増減額-3,031--485--2,082--7,449--5,182--7,911-
営業CF-84,606-30,788-75,171-37,440-95,577-12,093-
投資CF
有価証券の取得0-1,0360-990-1500-3610-9560-85-
有価証券の売却・償還01,5610172062502,20802,6580156-
固定資産の購入0-55,4190-30,1880-65,9570-40,7930-87,1050-46,937-
固定資産の売却0590009900058700-
貸付け-------------
貸付金の回収-------------
投資CF--79,896--144,392--186,982--49,463--89,369--46,973-
財務CF
短期借入金の純増減額-232-26,990-26,715-567-490-340-
長期借入れ---80,000-90,000-2,094-7,744-79,261-
長期借入金の返済--85--25,412--25,860--11,033--12,050--16-
社債の発行---40,000-40,000-----30,000-
社債の償還-------------
自己株式の取得--2,892--3,732--3,735--3,519--6,617---
自己株式の売却-529---59---55---
配当金の支払--14,420--7,718--14,691--7,671--14,595--7,562-
財務CF--17,176-109,767-114,088-3,474--1,517-139,081-
換算差額--882-557--1,210--702--70--1,150-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額054,514030,188066,825040,793097,366046,937-
研究開発費---------21,170---
発行済株式総数352,063,871株350,823,421株350,855,503株348,669,426株348,673,612株348,684,025株347,575,570株346,211,630株343,718,498株343,732,769株343,857,757株343,924,340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.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-9,089人---10,768人---11,115人---
売上/従業員(千円)-57,041---55,999---51,804---
営利/従業員(千円)-8,400---6,110---4,874---