王子ホールディングス【3861】の業績・財務

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通期売上(百万円)
売上5y CAGR・予想:-1.6 %
通期利益(百万円)
営利5y CAGR・予想:-0.2 %
純利5y CAGR・予想:-1.1 %
P/L
2018.32019.32020.32021.3E
売上1,485,8951,550,9911,507,6071,400,000
前期比103.2%104.4%97.2%92.9%
売上原価1,144,1571,175,0931,143,665-
売上総利益341,737375,897363,942-
%23.0%24.2%24.1%-
販管費270,955265,685257,816-
営業利益70,781110,212106,12590,000
前期比100.8%155.7%96.3%84.8%
%4.8%7.1%7.0%6.4%
受取利息および受取配当金4,2515,4675,318-
持分法による投資利益52112,5932,889-
営業外収益10,89627,59614,305-
支払利息6,9246,4196,948-
持分法による投資損失----
営業外費用15,71919,43919,142-
経常利益65,958118,370101,28980,000
固定資産売却益5,252---
投資有価証券売却益9122,0915,070-
特別利益7,65715,4927,092-
固定資産売却損----
投資有価証券売却損----
減損損失2,36434,1411,728-
特別損失8,61643,06510,242-
税引前利益64,99990,79798,138-
法人税等21,63124,66733,637-
%33.3%27.2%34.3%-
当期純利益43,36866,13064,500-
非支配株主に帰属する当期純利益7,14514,1526,319-
親会社株主に帰属する当期純利益36,22251,97758,18150,000
前期比89.9%143.5%111.9%85.9%
%2.4%3.4%3.9%3.6%
 
EBITDA144,780181,424171,402-
EPS36.6円52.5円58.8円60.6円
BPS681.5円684.5円699.1円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,500,0001,530,0001,600,0001,400,000
対実績比99.1%101.4%94.2%-
営業利益(期初予)75,000100,000110,00090,000
対実績比94.4%110.2%96.5%-
純利益(期初予)37,00050,00060,00050,000
対実績比97.9%104.0%97.0%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価684円687円579円-
企業価値1,295,5211,248,9941,080,949-
時価総額676,098679,841573,218-
純有利子負債597,065541,821507,731-
PER(会予)18.3倍13.6倍9.6倍-
PBR1.0倍1.0倍0.8倍-
PER × PBR18.7倍13.7倍7.9倍-
EV/EBITDA(会予)8.5倍6.8倍6.2倍-
PSR(会予)0.5倍0.4倍0.4倍-
PCFR(会予)5.9倍5.5倍4.6倍-
配当金10.0円12.0円14.0円14.0円
配当利回り1.5%1.5%2.4%-
配当性向27.3%22.8%23.8%-
自己資本配当率1.5%1.8%2.0%-
ROE5.4%7.7%8.4%-
純利益率(再掲)2.4%3.4%3.9%-
総資産回転率0.8回0.8回0.8回-
財務レバレッジ2.9倍2.9倍2.7倍-
実質ROE5.3%7.5%8.2%-
ROIC3.7%6.6%5.7%-
ROA1.8%2.7%3.1%-
β0.990.970.91-
βの決定係数(R2)0.430.410.36-
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50,35778,75673,943-
売上債権325,373334,852301,682-
棚卸資産203,154216,792216,896-
有価証券12,4069,47110,381-
前払金----
繰延税金資産8,185---
貸倒引当金-1,511-1,838-1,811-
流動資産625,056673,465640,484-
固定資産
建物・構築物661,640662,001670,400-
機械・運搬具2,369,6152,369,8682,376,088-
土地235,846235,975235,700-
建設仮勘定35,38933,40458,241-
有形固定資産1,056,644984,7591,015,794-
のれん9,6646,6824,672-
無形固定資産21,29016,58613,060-
投資有価証券162,336186,287150,831-
繰延税金資産2,82010,732--
貸倒引当金-1,460-1,119-910-
敷金および保証金----
投資その他の資産257,762276,558215,941-
固定資産1,335,6961,277,9041,244,796-
総資産1,960,7531,951,3691,885,280-
 
負債
有利子負債合計647,422620,577581,674-
仕入債務248,490253,929209,669-
前受金----
未払法人税等9,32017,94122,984-
繰延税金負債(固定)67,18262,486--
負債1,150,7411,135,9631,053,623-
 
純資産
資本金103,880103,880103,880-
資本剰余金112,086110,474110,750-
利益剰余金377,801413,023457,568-
自己株式-14,465-13,753-13,577-
非支配株主持分136,122137,790139,305-
純資産810,011815,406831,657-
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64,99990,79798,138-
減価償却費71,88069,52763,379-
のれん償却額2,1191,6851,898-
減損損失2,36434,1411,728-
受取利息及び受取配当金-4,251-5,468-5,319-
売上債権の増減額-32,142-14,00531,729-
棚卸資産の増減額-12,837-16,365-1,968-
仕入債務の増減額40,3796,381-42,609-
営業CF123,178140,571124,491-
投資CF
有価証券の取得-6,079-11,246-1,190-
有価証券の売却・償還1,7245,20128,273-
固定資産の購入-64,739-59,197-92,454-
固定資産の売却3,133530594-
貸付け----
貸付金の回収----
投資CF-74,025-66,636-64,801-
財務CF
短期借入金の純増減額14,046-21,04717,715-
長期借入れ34,20226,8974,203-
長期借入金の返済-57,036-21,004-80,650-
社債の発行19,96329,79529,789-
社債の償還-40,000-40,000-20,000-
自己株式の取得-119-50-548-
自己株式の売却----
配当金の支払-9,910-10,900-12,883-
財務CF-41,793-45,539-58,148-
換算差額-310-2,241-1,737-
その他
2018.32019.32020.32021.3E
設備投資額69,29762,13697,474-
研究開発費-8,7699,088-
発行済株式総数988,444,524株989,619,751株990,013,654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36,144人36,309人36,810人-
売上/従業員(千円)41,11042,71640,956-
営利/従業員(千円)1,9583,0352,883-
四半期売上(百万円)
売上5y CAGR・予想:-1.6 %
四半期利益(百万円)
営利5y CAGR・予想:-0.2 %
純利5y CAGR・予想:-1.1 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上1,103,4641,485,895379,147761,8621,170,6731,550,991375,510760,2061,134,4431,507,607321,869652,4231,350,000
前期比105.0%103.2%108.0%106.1%106.1%104.4%99.0%99.8%96.9%97.2%85.7%85.8%89.5%
売上原価853,1961,144,157284,870575,218886,3351,175,093285,751576,013857,2461,143,665251,319503,998-
売上総利益250,268341,73794,276186,644284,338375,89789,758184,193277,196363,94270,550148,425-
%22.7%23.0%24.9%24.5%24.3%24.2%23.9%24.2%24.4%24.1%21.9%22.7%-
販管費201,565270,95566,686131,991201,183265,68565,610128,612192,332257,81659,565119,119-
営業利益48,70270,78127,59054,65383,155110,21224,14755,58084,863106,12510,98429,30670,000
前期比90.7%100.8%217.8%205.7%170.7%155.7%87.5%101.7%102.1%96.3%45.5%52.7%66.0%
%4.4%4.8%7.3%7.2%7.1%7.1%6.4%7.3%7.5%7.0%3.4%4.5%5.2%
受取利息および受取配当金3,5374,2511,6702,3073,8365,4672,0202,8654,4425,3181,8252,328-
持分法による投資利益804521121719212,593-1,0679632,889---
営業外収益9,16210,8964,0086,4409,20627,5963,6456,8559,48614,3053,7355,076-
支払利息5,1336,9241,5193,0234,6716,4191,7793,5295,1476,9481,4983,053-
持分法による投資損失------8---1,6351,122-
営業外費用11,38215,7193,7167,65614,23519,4394,27611,09515,54319,1428,78712,285-
経常利益46,48165,95827,88253,43778,126118,37023,51651,34178,807101,2895,93322,09760,000
固定資産売却益4,0425,252-----------
投資有価証券売却益3509121766668122,091-8224,9415,070---
特別利益4,8567,6571908411,22115,4921331,4345,7837,0922,8754,104-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失-2,364---34,141---1,728---
特別損失4,3188,6167384,4955,29643,0652,4275,1406,07910,2422,1873,973-
税引前利益47,01964,99927,33449,78374,05290,79721,22247,63478,51198,1386,62122,228-
法人税等12,60521,6317,33915,99624,07024,6676,30313,54624,52033,6375,58011,655-
%26.8%33.3%26.8%32.1%32.5%27.2%29.7%28.4%31.2%34.3%84.3%52.4%-
当期純利益34,41343,36819,99533,78749,98166,13014,91834,08853,99164,5001,04110,573-
非支配株主に帰属する当期純利益4,6727,1452,6977,03211,13914,1522,9155,2486,6086,319-1,105283-
親会社株主に帰属する当期純利益29,74136,22217,29726,75438,84251,97712,00328,83947,38258,1812,14610,28935,000
前期比118.0%89.9%313.1%162.0%130.6%143.5%69.4%107.8%122.0%111.9%17.9%35.7%60.2%
%2.7%2.4%4.6%3.5%3.3%3.4%3.2%3.8%4.2%3.9%0.7%1.6%2.6%
 
EBITDA48,702144,78027,59089,82083,155181,42424,14787,46784,863171,40210,98460,082-
EPS36.6円36.6円52.5円52.5円52.5円52.5円58.8円58.8円58.8円58.8円58.8円58.7円50.5円
BPS669.0円681.5円670.4円681.8円680.2円684.5円689.2円691.0円702.1円699.1円685.5円695.1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)1,500,0001,500,0001,530,0001,530,0001,530,0001,530,0001,600,0001,600,0001,600,0001,600,0001,400,0001,400,0001,350,000
対実績比73.6%99.1%24.8%49.8%76.5%101.4%23.5%47.5%70.9%94.2%23.0%46.6%-
営業利益(期初予)75,00075,000100,000100,000100,000100,000110,000110,000110,000110,00090,00090,00070,000
対実績比64.9%94.4%27.6%54.7%83.2%110.2%22.0%50.5%77.1%96.5%12.2%32.6%-
純利益(期初予)37,00037,00050,00050,00050,00050,00060,00060,00060,00060,00050,00050,00035,000
対実績比80.4%97.9%34.6%53.5%77.7%104.0%20.0%48.1%79.0%97.0%4.3%20.6%-
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750円684円687円825円565円687円622円504円595円579円501円482円-
企業価値1,358,2171,295,5211,276,1261,423,3871,135,1371,248,9941,157,3641,066,4771,156,5671,080,9491,023,440988,035-
時価総額741,366676,098679,061816,432559,113679,841615,543498,962589,052573,218495,996477,333-
純有利子負債619,423597,065606,955576,024569,153541,821581,879567,515523,935507,731527,444510,702-
PER(会予)20.0倍18.3倍13.6倍16.3倍11.2倍13.6倍10.3倍8.3倍9.8倍9.6倍9.9倍9.5倍-
PBR1.2倍1.0倍1.0倍1.2倍0.8倍1.0倍0.9倍0.7倍0.9倍0.8倍0.7倍0.7倍-
PER × PBR23.1倍18.7倍13.7倍20.1倍9.3倍13.7倍9.3倍6.1倍8.5倍7.9倍7.2倍6.6倍-
EV/EBITDA(会予)9.0倍8.5倍7.3倍8.2倍6.2倍6.8倍6.4倍5.9倍6.4倍6.2倍6.6倍6.4倍-
PSR(会予)0.5倍0.5倍0.4倍0.5倍0.4倍0.4倍0.4倍0.3倍0.4倍0.4倍0.4倍0.3倍-
PCFR(会予)6.5倍5.9倍5.5倍6.6倍4.5倍5.5倍4.7倍3.8倍4.5倍4.6倍4.3倍4.1倍-
配当金-10.0円---12.0円---14.0円--14.0円
配当利回り1.3%1.5%1.5%1.2%1.8%1.5%1.9%2.4%2.0%2.4%2.8%2.9%-
配当性向-27.3%---22.8%---23.8%---
自己資本配当率1.5%1.5%1.8%1.8%1.8%1.8%2.0%2.0%2.0%2.0%2.0%2.0%-
ROE5.5%5.4%7.8%7.7%7.7%7.7%8.5%8.5%8.4%8.4%8.6%8.5%-
純利益率(再掲)2.7%2.4%4.6%3.5%3.3%3.4%3.2%3.8%4.2%3.9%0.7%1.6%-
総資産回転率0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回-
財務レバレッジ3.0倍2.9倍2.9倍2.9倍2.9倍2.9倍2.9倍2.8倍2.8倍2.7倍2.8倍2.7倍-
実質ROE5.4%5.3%7.7%7.6%7.6%7.5%8.4%8.3%8.2%8.2%8.4%8.3%-
ROIC3.7%3.7%6.5%6.5%6.4%6.6%5.4%5.5%5.6%5.7%5.6%5.6%-
ROA1.8%1.8%2.7%2.7%2.6%2.7%2.9%3.0%3.0%3.1%3.1%3.1%-
β0.950.991.051.000.960.971.031.091.140.910.790.85-
βの決定係数(R2)0.320.430.460.430.420.410.440.470.480.360.300.32-
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50,82150,35752,37857,50588,20878,75678,89577,15884,68073,94399,201100,681-
売上債権321,949325,373323,193322,789338,183334,852325,460312,282324,848301,682276,901273,575-
棚卸資産206,438203,154207,619209,585215,771216,792225,097219,271216,675216,896214,021204,652-
有価証券12,13612,40615,53019,35817,5959,47111,41214,22814,93910,3819,5977,727-
前払金-------------
繰延税金資産-8,185-----------
貸倒引当金-1,456-1,511-1,503-1,615-1,647-1,838-1,812-1,786-1,787-1,811-1,840-1,850-
流動資産635,380625,056630,545639,174694,354673,465676,258663,769684,797640,484634,724617,821-
固定資産
建物・構築物203,993661,640200,049198,620198,645662,001188,823189,937188,489670,400187,451191,142-
機械・運搬具363,3592,369,615355,666356,062351,2952,369,868314,194303,967295,4702,376,088290,751292,678-
土地235,034235,846235,835235,407235,430235,975235,854235,803235,560235,700239,112239,568-
建設仮勘定-35,389---33,404---58,241---
有形固定資産1,058,9801,056,6441,028,4941,026,8291,028,118984,7591,039,8041,003,220999,6891,015,7941,015,9341,022,878-
のれん10,8719,6648,8288,0237,6306,6826,3595,7054,7394,6723,6483,458-
無形固定資産22,58921,29019,86818,65117,89716,58615,82215,35814,70813,06012,18612,185-
投資有価証券171,226162,336161,672162,578141,403186,287184,153179,857167,440150,831150,898150,760-
繰延税金資産-2,820---10,732-------
貸倒引当金-1,917-1,460-1,438-1,411-1,407-1,119-1,166-1,191-1,114-910-917-906-
敷金および保証金-------------
投資その他の資産254,359257,762256,879258,654241,741276,558257,723251,694239,185215,941215,123215,901-
固定資産1,335,9281,335,6961,305,2431,304,1351,287,7571,277,9041,313,3491,270,2721,253,5831,244,7961,243,2441,250,965-
総資産1,971,3081,960,7531,935,7891,943,3091,982,1111,951,3691,989,6081,934,0421,938,3811,885,2801,877,9691,868,786-
 
負債
有利子負債合計670,244647,422659,333633,529657,361620,577660,774644,673608,615581,674626,645611,383-
仕入債務249,784248,490239,736247,049257,242253,929237,992213,820233,510209,669197,588189,984-
前受金-------------
未払法人税等7,5529,3207,11913,17914,71917,9416,95015,65523,63522,9844,9258,780-
繰延税金負債(固定)-67,182---62,486-------
負債1,176,3921,150,7411,146,2991,138,1951,172,6061,135,9631,168,6261,112,2771,105,6971,053,6231,062,9691,043,044-
 
純資産
資本金103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880-
資本剰余金112,045112,086109,704110,558110,474110,474110,474110,475110,627110,750110,750110,956-
利益剰余金371,248377,801384,211393,761399,902413,023419,106435,944447,425457,568452,756460,902-
自己株式-14,456-14,465-13,750-13,775-13,776-13,753-13,755-13,588-13,584-13,577-13,578-13,435-
非支配株主持分133,398136,122125,805130,221136,203137,790138,760137,405137,399139,305136,119137,198-
純資産794,916810,011789,489805,113809,505815,406820,981821,764832,684831,657815,000825,741-
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47,01964,99927,33449,78374,05290,79721,22247,63478,51198,1386,62122,228-
減価償却費-71,880-34,309-69,527-31,086-63,379-30,199-
のれん償却額-2,119-858-1,685-801-1,898-577-
減損損失-2,364---34,141---1,728---
受取利息及び受取配当金--4,251--2,308--5,468--2,865--5,319--2,328-
売上債権の増減額--32,142--1,155--14,005-20,439-31,729-25,451-
棚卸資産の増減額--12,837--9,413--16,365--4,657--1,968-8,885-
仕入債務の増減額-40,379--713-6,381--40,579--42,609--23,315-
営業CF-123,178-72,775-140,571-32,272-124,491-49,752-
投資CF
有価証券の取得0-6,0790-1,3460-11,2460-2,2500-1,1900-1,489-
有価証券の売却・償還01,72402,39505,20105,469028,2730554-
固定資産の購入0-64,7390-28,8450-59,1970-45,7110-92,4540-41,928-
固定資産の売却03,13304120530011005940256-
貸付け-------------
貸付金の回収-------------
投資CF--74,025--28,473--66,636--41,837--64,801--41,692-
財務CF
短期借入金の純増減額-14,046--8,099--21,047-14,881-17,715--3,677-
長期借入れ-34,202-9,345-26,897-4,121-4,203-2,702-
長期借入金の返済--57,036--4,722--21,004--15,627--80,650--2,482-
社債の発行-19,963---29,795-29,789-29,789-39,752-
社債の償還--40,000--40,000--40,000--20,000--20,000--20,000-
自己株式の取得--119--47--50----548---
自己株式の売却-------------
配当金の支払--9,910--4,955--10,900--5,946--12,883--6,944-
財務CF--41,793--27,741--45,539-14,656--58,148-18,255-
換算差額--310--1,839--2,241--2,051--1,737--2,133-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額069,297028,845062,136045,711097,474041,928-
研究開発費-----8,769---9,088---
発行済株式総数988,447,082株988,444,524株989,614,581株989,580,569株989,578,708株989,619,751株989,618,138株990,003,525株990,000,683株990,013,654株990,012,158株990,317,564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-36,144人---36,309人---36,810人---
売上/従業員(千円)-41,110---42,716---40,956---
営利/従業員(千円)-1,958---3,035---2,883---
四半期売上(百万円)
売上5y CAGR・予想:-1.6 %
四半期利益(百万円)
営利5y CAGR・予想:-0.2 %
純利5y CAGR・予想:-1.1 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上385,097382,431379,147382,715408,811380,318375,510384,696374,237373,164321,869330,5541,350,000
前期比107.6%98.3%108.0%104.2%106.2%99.4%99.0%100.5%91.5%98.1%85.7%85.9%89.5%
売上原価294,240290,961284,870290,348311,117288,758285,751290,262281,233286,419251,319252,679-
売上総利益90,85791,46994,27692,36897,69491,55989,75894,43593,00386,74670,55077,875-
%23.6%23.9%24.9%24.1%23.9%24.1%23.9%24.5%24.9%23.2%21.9%23.6%-
販管費68,72369,39066,68665,30569,19264,50265,61063,00263,72065,48459,56559,554-
営業利益22,13422,07927,59027,06328,50227,05724,14731,43329,28321,26210,98418,32270,000
前期比110.3%133.5%217.8%194.7%128.8%122.5%87.5%116.1%102.7%78.6%45.5%58.3%66.0%
%5.7%5.8%7.3%7.1%7.0%7.1%6.4%8.2%7.8%5.7%3.4%5.5%5.2%
受取利息および受取配当金001,6700002,0200001,8250-
持分法による投資利益-105-2831216-2512,401-1,067-1041,926-0-
営業外収益3,5511,7344,0082,4322,76618,3903,6453,2102,6314,8193,7351,341-
支払利息1,7731,7911,5191,5041,6481,7481,7791,7501,6181,8011,4981,555-
持分法による投資損失00-0008-8001,635-513-
営業外費用3,3814,3373,7163,9406,5795,2044,2766,8194,4483,5998,7873,498-
経常利益22,30219,47727,88225,55524,68940,24423,51627,82527,46622,4825,93316,16460,000
固定資産売却益931,210-000-000-0-
投資有価証券売却益775621764901461,279-8224,119129-0-
特別利益2902,80119065138014,2711331,3014,3491,3092,8751,229-
固定資産売却損00-000-000-0-
投資有価証券売却損00-000-000-0-
減損損失02,364-0034,141-001,728-0-
特別損失1,5204,2987383,75780137,7692,4272,7139394,1632,1871,786-
税引前利益21,07217,98027,33422,44924,26916,74521,22226,41230,87719,6276,62115,607-
法人税等5,4639,0267,3398,6578,0745976,3037,24310,9749,1175,5806,075-
%25.9%50.2%26.8%38.6%33.3%3.6%29.7%27.4%35.5%46.5%84.3%38.9%-
当期純利益15,6098,95519,99513,79216,19416,14914,91819,17019,90310,5091,0419,532-
非支配株主に帰属する当期純利益2,3862,4732,6974,3354,1073,0132,9152,3331,360-289-1,1051,388-
親会社株主に帰属する当期純利益13,2246,48117,2979,45712,08813,13512,00316,83618,54310,7992,1468,14335,000
前期比78.7%43.0%313.1%86.0%91.4%202.7%69.4%178.0%153.4%82.2%17.9%48.4%60.2%
%3.4%1.7%4.6%2.5%3.0%3.5%3.2%4.4%5.0%2.9%0.7%2.5%2.6%
 
EBITDA48,702144,78027,59089,82083,155181,42424,14787,46784,863171,40210,98460,082-
EPS36.6円36.6円52.5円52.5円52.5円52.5円58.8円58.8円58.8円58.8円58.8円58.7円50.5円
BPS669.0円681.5円670.4円681.8円680.2円684.5円689.2円691.0円702.1円699.1円685.5円695.1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)1,500,0001,500,0001,530,0001,530,0001,530,0001,530,0001,600,0001,600,0001,600,0001,600,0001,400,0001,400,0001,350,000
対実績比73.6%99.1%24.8%49.8%76.5%101.4%23.5%47.5%70.9%94.2%23.0%46.6%-
営業利益(期初予)75,00075,000100,000100,000100,000100,000110,000110,000110,000110,00090,00090,00070,000
対実績比64.9%94.4%27.6%54.7%83.2%110.2%22.0%50.5%77.1%96.5%12.2%32.6%-
純利益(期初予)37,00037,00050,00050,00050,00050,00060,00060,00060,00060,00050,00050,00035,000
対実績比80.4%97.9%34.6%53.5%77.7%104.0%20.0%48.1%79.0%97.0%4.3%20.6%-
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750円684円687円825円565円687円622円504円595円579円501円482円-
企業価値1,358,2171,295,5211,276,1261,423,3871,135,1371,248,9941,157,3641,066,4771,156,5671,080,9491,023,440988,035-
時価総額741,366676,098679,061816,432559,113679,841615,543498,962589,052573,218495,996477,333-
純有利子負債619,423597,065606,955576,024569,153541,821581,879567,515523,935507,731527,444510,702-
PER(会予)20.0倍18.3倍13.6倍16.3倍11.2倍13.6倍10.3倍8.3倍9.8倍9.6倍9.9倍9.5倍-
PBR1.2倍1.0倍1.0倍1.2倍0.8倍1.0倍0.9倍0.7倍0.9倍0.8倍0.7倍0.7倍-
PER × PBR23.1倍18.7倍13.7倍20.1倍9.3倍13.7倍9.3倍6.1倍8.5倍7.9倍7.2倍6.6倍-
EV/EBITDA(会予)9.0倍8.5倍7.3倍8.2倍6.2倍6.8倍6.4倍5.9倍6.4倍6.2倍6.6倍6.4倍-
PSR(会予)0.5倍0.5倍0.4倍0.5倍0.4倍0.4倍0.4倍0.3倍0.4倍0.4倍0.4倍0.3倍-
PCFR(会予)6.5倍5.9倍5.5倍6.6倍4.5倍5.5倍4.7倍3.8倍4.5倍4.6倍4.3倍4.1倍-
配当金-10.0円---12.0円---14.0円--14.0円
配当利回り1.3%1.5%1.5%1.2%1.8%1.5%1.9%2.4%2.0%2.4%2.8%2.9%-
配当性向-27.3%---22.8%---23.8%---
自己資本配当率1.5%1.5%1.8%1.8%1.8%1.8%2.0%2.0%2.0%2.0%2.0%2.0%-
ROE5.5%5.4%7.8%7.7%7.7%7.7%8.5%8.5%8.4%8.4%8.6%8.5%-
純利益率(再掲)2.7%2.4%4.6%3.5%3.3%3.4%3.2%3.8%4.2%3.9%0.7%1.6%-
総資産回転率0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.8回-
財務レバレッジ3.0倍2.9倍2.9倍2.9倍2.9倍2.9倍2.9倍2.8倍2.8倍2.7倍2.8倍2.7倍-
実質ROE5.4%5.3%7.7%7.6%7.6%7.5%8.4%8.3%8.2%8.2%8.4%8.3%-
ROIC3.7%3.7%6.5%6.5%6.4%6.6%5.4%5.5%5.6%5.7%5.6%5.6%-
ROA1.8%1.8%2.7%2.7%2.6%2.7%2.9%3.0%3.0%3.1%3.1%3.1%-
β0.950.991.051.000.960.971.031.091.140.910.790.85-
βの決定係数(R2)0.320.430.460.430.420.410.440.470.480.360.300.32-
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50,82150,35752,37857,50588,20878,75678,89577,15884,68073,94399,201100,681-
売上債権321,949325,373323,193322,789338,183334,852325,460312,282324,848301,682276,901273,575-
棚卸資産206,438203,154207,619209,585215,771216,792225,097219,271216,675216,896214,021204,652-
有価証券12,13612,40615,53019,35817,5959,47111,41214,22814,93910,3819,5977,727-
前払金-------------
繰延税金資産-8,185-----------
貸倒引当金-1,456-1,511-1,503-1,615-1,647-1,838-1,812-1,786-1,787-1,811-1,840-1,850-
流動資産635,380625,056630,545639,174694,354673,465676,258663,769684,797640,484634,724617,821-
固定資産
建物・構築物203,993661,640200,049198,620198,645662,001188,823189,937188,489670,400187,451191,142-
機械・運搬具363,3592,369,615355,666356,062351,2952,369,868314,194303,967295,4702,376,088290,751292,678-
土地235,034235,846235,835235,407235,430235,975235,854235,803235,560235,700239,112239,568-
建設仮勘定-35,389---33,404---58,241---
有形固定資産1,058,9801,056,6441,028,4941,026,8291,028,118984,7591,039,8041,003,220999,6891,015,7941,015,9341,022,878-
のれん10,8719,6648,8288,0237,6306,6826,3595,7054,7394,6723,6483,458-
無形固定資産22,58921,29019,86818,65117,89716,58615,82215,35814,70813,06012,18612,185-
投資有価証券171,226162,336161,672162,578141,403186,287184,153179,857167,440150,831150,898150,760-
繰延税金資産-2,820---10,732-------
貸倒引当金-1,917-1,460-1,438-1,411-1,407-1,119-1,166-1,191-1,114-910-917-906-
敷金および保証金-------------
投資その他の資産254,359257,762256,879258,654241,741276,558257,723251,694239,185215,941215,123215,901-
固定資産1,335,9281,335,6961,305,2431,304,1351,287,7571,277,9041,313,3491,270,2721,253,5831,244,7961,243,2441,250,965-
総資産1,971,3081,960,7531,935,7891,943,3091,982,1111,951,3691,989,6081,934,0421,938,3811,885,2801,877,9691,868,786-
 
負債
有利子負債合計670,244647,422659,333633,529657,361620,577660,774644,673608,615581,674626,645611,383-
仕入債務249,784248,490239,736247,049257,242253,929237,992213,820233,510209,669197,588189,984-
前受金-------------
未払法人税等7,5529,3207,11913,17914,71917,9416,95015,65523,63522,9844,9258,780-
繰延税金負債(固定)-67,182---62,486-------
負債1,176,3921,150,7411,146,2991,138,1951,172,6061,135,9631,168,6261,112,2771,105,6971,053,6231,062,9691,043,044-
 
純資産
資本金103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880103,880-
資本剰余金112,045112,086109,704110,558110,474110,474110,474110,475110,627110,750110,750110,956-
利益剰余金371,248377,801384,211393,761399,902413,023419,106435,944447,425457,568452,756460,902-
自己株式-14,456-14,465-13,750-13,775-13,776-13,753-13,755-13,588-13,584-13,577-13,578-13,435-
非支配株主持分133,398136,122125,805130,221136,203137,790138,760137,405137,399139,305136,119137,198-
純資産794,916810,011789,489805,113809,505815,406820,981821,764832,684831,657815,000825,741-
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47,01964,99927,33449,78374,05290,79721,22247,63478,51198,1386,62122,228-
減価償却費-71,880-34,309-69,527-31,086-63,379-30,199-
のれん償却額-2,119-858-1,685-801-1,898-577-
減損損失02,364-0034,141-001,728-0-
受取利息及び受取配当金--4,251--2,308--5,468--2,865--5,319--2,328-
売上債権の増減額--32,142--1,155--14,005-20,439-31,729-25,451-
棚卸資産の増減額--12,837--9,413--16,365--4,657--1,968-8,885-
仕入債務の増減額-40,379--713-6,381--40,579--42,609--23,315-
営業CF-123,178-72,775-140,571-32,272-124,491-49,752-
投資CF
有価証券の取得0-6,0790-1,3460-11,2460-2,2500-1,1900-1,489-
有価証券の売却・償還01,72402,39505,20105,469028,2730554-
固定資産の購入0-64,7390-28,8450-59,1970-45,7110-92,4540-41,928-
固定資産の売却03,13304120530011005940256-
貸付け-------------
貸付金の回収-------------
投資CF--74,025--28,473--66,636--41,837--64,801--41,692-
財務CF
短期借入金の純増減額-14,046--8,099--21,047-14,881-17,715--3,677-
長期借入れ-34,202-9,345-26,897-4,121-4,203-2,702-
長期借入金の返済--57,036--4,722--21,004--15,627--80,650--2,482-
社債の発行-19,963---29,795-29,789-29,789-39,752-
社債の償還--40,000--40,000--40,000--20,000--20,000--20,000-
自己株式の取得--119--47--50----548---
自己株式の売却-------------
配当金の支払--9,910--4,955--10,900--5,946--12,883--6,944-
財務CF--41,793--27,741--45,539-14,656--58,148-18,255-
換算差額--310--1,839--2,241--2,051--1,737--2,133-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額069,297028,845062,136045,711097,474041,928-
研究開発費-----8,769---9,088---
発行済株式総数988,447,082株988,444,524株989,614,581株989,580,569株989,578,708株989,619,751株989,618,138株990,003,525株990,000,683株990,013,654株990,012,158株990,317,564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-36,144人---36,309人---36,810人---
売上/従業員(千円)-41,110---42,716---40,956---
営利/従業員(千円)-1,958---3,035---2,883---