通期売上(百万円)
売上5y CAGR・予想:6.3 %
通期利益(百万円)
営利5y CAGR・予想:14.0 %
純利5y CAGR・予想:19.2 %
P/L
2018.32019.32020.32021.3E
売上605,712653,107683,780697,000
前期比111.0%107.8%104.7%101.9%
売上原価506,002541,909551,318-
売上総利益99,710111,197132,461-
%16.5%17.0%19.4%-
販管費82,62785,90491,233-
営業利益17,08225,29241,22740,000
前期比72.3%148.1%163.0%97.0%
%2.8%3.9%6.0%5.7%
受取利息および受取配当金2,1852,2532,401-
持分法による投資利益6,2722,0451,989-
営業外収益10,3826,2376,320-
支払利息1,6211,5671,732-
持分法による投資損失----
営業外費用4,2974,0744,349-
経常利益23,16827,45443,19942,000
固定資産売却益1,64788--
投資有価証券売却益1,31482996-
特別利益3,3053352,229-
固定資産売却損----
投資有価証券売却損--493-
減損損失611646279-
特別損失3,1062,7144,338-
税引前利益23,36625,07541,090-
法人税等6,0457,21912,748-
%39.5%25.9%31.0%-
当期純利益17,32017,85628,341-
非支配株主に帰属する当期純利益698692551-
親会社株主に帰属する当期純利益16,62217,16327,79028,000
前期比119.8%103.3%161.9%100.8%
%2.5%2.7%4.1%4.0%
 
EBITDA54,68649,46377,64077,413
EPS67.1円69.3円112.2円113.1円
BPS1,030.0円1,066.1円1,123.9円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)600,000650,000700,000697,000
対実績比101.0%100.5%97.7%-
営業利益(期初予)24,00030,00035,00040,000
対実績比71.2%84.3%117.8%-
純利益(期初予)15,50021,00025,00028,000
対実績比107.2%81.7%111.2%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価919円1,038円842円-
企業価値490,335509,336482,231-
時価総額227,539256,999208,469-
純有利子負債262,796252,337273,762-
PER(会予)21.7倍17.1倍7.4倍-
PBR0.9倍1.0倍0.7倍-
PER × PBR19.7倍16.9倍5.6倍-
EV/EBITDA(会予)10.2倍9.2倍6.2倍-
PSR(会予)0.4倍0.4倍0.3倍-
PCFR(会予)5.5倍5.4倍3.2倍-
配当金12.0円14.0円20.0円20.0円
配当利回り1.3%1.2%2.4%-
配当性向17.9%20.2%17.8%-
自己資本配当率1.2%1.3%1.8%-
ROE6.5%6.5%10.0%-
純利益率(再掲)2.7%2.6%4.1%-
総資産回転率0.8回0.8回0.8回-
財務レバレッジ3.0倍3.0倍2.9倍-
実質ROE6.2%6.2%9.6%-
ROIC2.1%3.3%4.8%-
ROA2.2%2.2%3.4%-
β0.480.470.38-
βの決定係数(R2)0.120.120.09-
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28,10831,02240,014-
売上債権186,520200,475192,230-
棚卸資産43,84347,87749,959-
有価証券----
前払金----
繰延税金資産3,725---
貸倒引当金-646-736-667-
流動資産268,787280,134289,727-
固定資産
建物・構築物228,548239,284257,002-
機械・運搬具474,597485,147520,276-
土地107,374113,958116,926-
建設仮勘定6,3347,2807,444-
有形固定資産309,706319,962350,584-
のれん9,7239,07921,273-
無形固定資産23,82122,43038,425-
投資有価証券126,687123,745120,113-
繰延税金資産7431,403--
貸倒引当金-987-1,138-1,081-
敷金および保証金----
投資その他の資産148,321146,828141,372-
固定資産481,848489,221530,381-
総資産750,636769,355820,109-
 
負債
有利子負債合計290,533283,973313,776-
仕入債務113,123127,259110,888-
前受金----
未払法人税等3,4175,4219,501-
繰延税金負債(固定)20,56917,223--
負債488,055494,658531,289-
 
純資産
資本金31,06631,06631,066-
資本剰余金33,58633,65733,388-
利益剰余金155,268169,587193,183-
自己株式-11,940-11,943-11,945-
非支配株主持分7,56510,74910,565-
純資産262,580274,697288,820-
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23,36625,07541,090-
減価償却費30,77632,25935,076-
のれん償却額1,6051,4341,337-
減損損失611646279-
受取利息及び受取配当金-2,185-2,254-2,402-
売上債権の増減額-19,897-8,5316,419-
棚卸資産の増減額-5,388-3,117627-
仕入債務の増減額15,2786,082-15,809-
営業CF31,24950,85761,079-
投資CF
有価証券の取得-931-1,514-401-
有価証券の売却・償還6,4393851,447-
固定資産の購入-37,168-39,033-37,843-
固定資産の売却3,948742280-
貸付け-84-387-6-
貸付金の回収146248221-
投資CF-28,658-38,685-78,267-
財務CF
短期借入金の純増減額8,177-10,111-3,562-
長期借入れ29,81231,28145,822-
長期借入金の返済-43,546-29,697-19,595-
社債の発行10,00010,00020,000-
社債の償還-30-5,025-10,240-
自己株式の取得-3-3-1-
自己株式の売却000-
配当金の支払-2,971-2,971-3,961-
財務CF-3,182-9,41224,280-
換算差額123-98625-
その他
2018.32019.32020.32021.3E
設備投資額41,52736,51238,700-
研究開発費1,4831,5311,593-
発行済株式総数247,592,929株247,589,657株247,587,478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16,532人16,968人18,902人-
売上/従業員(千円)34,01236,63936,175-
営利/従業員(千円)1,4741,0332,181-
四半期売上(百万円)
売上5y CAGR・予想:6.3 %
四半期利益(百万円)
営利5y CAGR・予想:14.0 %
純利5y CAGR・予想:19.2 %
P/L
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上146,148295,391455,232605,712159,593320,513495,577653,107168,549337,977513,605683,780697,000
前期比108.2%109.2%110.8%111.0%109.2%108.5%108.9%107.8%105.6%105.4%103.6%104.7%101.9%
売上原価121,231247,785379,956506,002129,556262,893410,079541,909135,528272,772412,058551,318-
売上総利益24,91647,60575,27699,71030,03657,61985,498111,19733,02165,205101,546132,461-
%17.0%16.1%16.5%16.5%18.8%18.0%17.3%17.0%19.6%19.3%19.8%19.4%-
販管費20,17640,52361,45682,62721,03542,45364,52785,90422,11443,98266,65491,233-
営業利益4,7397,08213,82017,0829,00115,16620,97125,29210,90621,22234,89241,22740,000
前期比67.5%51.6%64.1%72.3%189.9%214.1%151.7%148.1%121.2%139.9%166.4%163.0%97.0%
%3.2%2.4%3.0%2.8%5.6%4.7%4.2%3.9%6.5%6.3%6.8%6.0%5.7%
受取利息および受取配当金8781,1151,8382,1859321,2241,8962,2539971,3032,0302,401-
持分法による投資利益4569091,5476,2723811,2701,7962,0454069811,5111,989-
営業外収益1,7992,9354,72710,3821,7653,4415,0956,2371,8813,1444,7906,320-
支払利息4058141,2171,6213877771,1851,5674048241,2631,732-
持分法による投資損失-------------
営業外費用1,0512,0072,9454,2971,0021,9723,0544,0741,0192,0473,2224,349-
経常利益5,4878,00915,60123,1689,76316,63623,01227,45411,76822,31936,46143,19942,000
固定資産売却益1511741901,6471628768818----
投資有価証券売却益--4071,3141017-8223-760996-
特別利益4454778983,3052752189335752971,0572,229-
固定資産売却損-------------
投資有価証券売却損--------55--493-
減損損失---611---646---279-
特別損失1071,3661,8843,1062195401,5162,7142671,1591,4054,338-
税引前利益5,8257,12014,61523,3669,57116,14821,68525,07511,57621,45736,11241,090-
法人税等2,2032,7624,7846,0452,7814,6356,2307,2193,3636,12610,48712,748-
%39.5%39.5%39.5%39.5%25.9%25.9%25.9%25.9%28.8%28.8%28.8%31.0%-
当期純利益3,6214,3589,83117,3206,79011,51215,45517,8568,21315,33125,62528,341-
非支配株主に帰属する当期純利益189356492698219432594692222453629551-
親会社株主に帰属する当期純利益3,4324,0019,33916,6226,57111,07914,86017,1637,99114,87724,99527,79028,000
前期比76.2%45.8%63.4%119.8%191.5%276.9%159.1%103.3%121.6%134.3%168.2%161.9%100.8%
%2.5%2.5%2.5%2.5%2.7%2.7%2.7%2.7%2.6%2.6%2.6%4.1%4.0%
 
EBITDA54,68654,68654,68654,68649,46349,46349,46349,46358,98558,98558,98577,64077,413
EPS67.1円67.1円67.1円67.1円69.3円69.3円69.3円69.3円112.2円112.2円112.2円112.2円113.1円
BPS961.6円968.2円1,011.3円1,030.0円1,046.3円1,077.1円1,051.6円1,066.1円1,077.8円1,096.8円1,136.9円1,123.9円-
期初会社予想
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上高(期初予)600,000600,000600,000600,000650,000650,000650,000650,000700,000700,000700,000700,000697,000
対実績比24.4%49.2%75.9%101.0%24.6%49.3%76.2%100.5%24.1%48.3%73.4%97.7%-
営業利益(期初予)24,00024,00024,00024,00030,00030,00030,00030,00035,00035,00035,00035,00040,000
対実績比19.7%29.5%57.6%71.2%30.0%50.6%69.9%84.3%31.2%60.6%99.7%117.8%-
純利益(期初予)15,50015,50015,50015,50021,00021,00021,00021,00025,00025,00025,00025,00028,000
対実績比22.1%25.8%60.3%107.2%31.3%52.8%70.8%81.7%32.0%59.5%100.0%111.2%-
配当
ROEデュポン分解
β
マルチプル
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
株価652円669円823円919円975円969円868円1,038円865円778円834円842円-
企業価値414,009418,218462,229490,335494,359491,675463,385509,336460,700472,438486,303482,231-
時価総額161,433165,642203,771227,539241,403239,917214,909256,999214,165192,624206,489208,469-
純有利子負債252,576252,576258,458262,796252,956251,758248,476252,337246,535279,814279,814273,762-
PER(会予)10.4倍10.7倍19.4倍21.7倍11.5倍11.4倍14.3倍17.1倍8.6倍7.7倍8.3倍7.4倍-
PBR0.7倍0.7倍0.9倍0.9倍0.9倍0.9倍0.8倍1.0倍0.8倍0.7倍0.8倍0.7倍-
PER × PBR7.1倍7.4倍16.5倍19.7倍10.9倍10.6倍11.5倍16.9倍7.0倍5.5倍6.3倍5.6倍-
EV/EBITDA(会予)7.5倍7.6倍9.6倍10.2倍7.9倍7.9倍8.4倍9.2倍6.7倍6.9倍7.1倍6.2倍-
PSR(会予)0.3倍0.3倍0.3倍0.4倍0.4倍0.4倍0.3倍0.4倍0.3倍0.3倍0.3倍0.3倍-
PCFR(会予)3.5倍3.6倍4.9倍5.5倍4.5倍4.5倍4.5倍5.4倍3.6倍3.3倍3.5倍3.2倍-
配当金---12.0円---14.0円---20.0円20.0円
配当利回り1.8%1.8%1.5%1.3%1.2%1.2%1.4%1.2%1.6%1.8%1.7%2.4%-
配当性向---17.9%---20.2%---17.8%-
自己資本配当率1.2%1.2%1.2%1.2%1.3%1.3%1.3%1.3%1.9%1.8%1.8%1.8%-
ROE7.0%6.9%6.6%6.5%6.6%6.4%6.6%6.5%10.4%10.2%9.9%10.0%-
純利益率(再掲)2.3%1.4%2.1%2.7%4.1%3.5%3.0%2.6%4.7%4.4%4.9%4.1%-
総資産回転率0.9回0.8回0.8回0.8回0.9回0.9回0.8回0.8回0.9回0.9回0.8回0.8回-
財務レバレッジ3.0倍3.0倍3.0倍3.0倍2.9倍2.9倍2.9倍3.0倍2.9倍2.9倍2.9倍2.9倍-
実質ROE6.6%6.6%6.3%6.2%6.3%6.2%6.3%6.2%10.0%9.8%9.5%9.6%-
ROIC2.1%2.1%2.0%2.1%3.4%3.3%3.3%3.3%5.2%4.9%4.8%4.8%-
ROA2.3%2.3%2.2%2.2%2.3%2.2%2.2%2.2%3.6%3.5%3.4%3.4%-
β0.460.420.500.480.500.490.500.470.480.520.530.38-
βの決定係数(R2)0.110.100.130.120.110.110.130.120.130.150.160.09-
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.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
流動資産
現金25,99724,38627,73728,10825,07129,64931,63631,02227,51430,79433,95340,014-
売上債権165,657165,657176,427186,520185,145187,351189,528200,475194,762190,806190,806192,230-
棚卸資産41,99441,99444,09143,84345,91445,81546,06747,87748,90549,78649,78649,959-
有価証券-------------
前払金-------------
繰延税金資産2,9083,7432,4663,725---------
貸倒引当金-660-696-644-646-702-734-746-736-763-755-687-667-
流動資産242,250254,535267,290268,787263,934270,483285,998280,134282,031278,606299,344289,727-
固定資産
建物・構築物223,848225,975227,000228,548228,536237,989238,593239,284241,292246,987248,644257,002-
機械・運搬具457,895460,424467,053474,597475,077484,036481,223485,147488,856507,859509,587520,276-
土地108,844108,527108,465107,374107,059112,142112,227113,958114,002115,300115,407116,926-
建設仮勘定5,31910,8257,6666,3346,7975,4038,0787,2808,2107,9678,8157,444-
有形固定資産298,312305,413304,917309,706307,354315,967317,410319,962324,114336,234335,142350,584-
のれん10,74810,63410,3999,7238,7749,5379,5379,0798,82228,89329,48021,273-
無形固定資産24,64124,40824,26523,82121,90323,19523,10222,43021,12540,77341,13838,425-
投資有価証券122,064123,832131,795126,687127,492132,113119,566123,745118,429121,848124,992120,113-
繰延税金資産7717817067431,2631,4501,3631,403-----
貸倒引当金-1,027-1,102-1,088-987-983-1,081-1,171-1,138-1,123-1,070-1,111-1,081-
敷金および保証金-------------
投資その他の資産142,231144,094153,100148,321149,273154,945142,474146,828139,207142,983145,606141,372-
固定資産465,185473,916482,284481,848478,531494,108482,987489,221484,446519,992521,887530,381-
総資産707,436728,451749,575750,636742,466764,591768,986769,355766,478798,598821,231820,109-
 
負債
有利子負債合計278,573278,573282,844290,533281,064276,829278,125283,973277,557310,608310,608313,776-
仕入債務97,04197,041109,151113,123111,837109,071115,989127,259124,231110,792110,792110,888-
前受金-------------
未払法人税等1,4903,1511,5553,4171,7214,9292,6885,4212,1916,6065,8809,501-
繰延税金負債(固定)19,44919,60721,93520,56919,32320,77517,77717,223-----
負債461,891480,614491,904488,055475,888487,263498,012494,658488,326515,959528,601531,289-
 
純資産
資本金31,06631,06631,06631,06631,06631,06631,06631,06631,06631,06631,06631,066-
資本剰余金34,26334,26333,59333,58633,58533,69933,66233,65733,65833,42733,41933,388-
利益剰余金143,563144,090148,001155,268160,353164,853167,148169,587175,379182,249190,386193,183-
自己株式-11,936-11,937-11,938-11,940-11,940-11,941-11,942-11,943-11,943-11,944-11,944-11,945-
非支配株主持分7,4568,1127,2867,5657,51210,65410,60410,74911,30011,09311,13510,565-
純資産245,545247,836257,670262,580266,577277,328270,974274,697278,151282,639292,630288,820-
キャッシュフロー(百万円)
C/S
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
営業CF
税金等調整前当期純利益5,8257,12014,61523,3669,57116,14821,68525,07511,57621,45736,11241,090-
減価償却費-14,631-30,776-15,481-32,259-16,223-35,076-
のれん償却額-789-1,605-827-1,434-453-1,337-
減損損失---611---646---279-
受取利息及び受取配当金--1,115--2,185--1,225--2,254--1,304--2,402-
売上債権の増減額--12,178--19,897--3,737--8,531-5,975-6,419-
棚卸資産の増減額--3,965--5,388--405--3,117-106-627-
仕入債務の増減額-13,033-15,278--1,140-6,082--14,075--15,809-
営業CF-14,306-31,249-26,556-50,857-24,035-61,079-
投資CF
有価証券の取得0-7290-9310-2490-1,5140-2,1930-401-
有価証券の売却・償還0506,439031038505501,447-
固定資産の購入0-21,9860-37,1680-20,6780-39,0330-18,6660-37,843-
固定資産の売却01,21703,9480284074201570280-
貸付け--10--84--16--387--4--6-
貸付金の回収-59-146-63-248-44-221-
投資CF--22,075--28,658--18,953--38,685--52,311--78,267-
財務CF
短期借入金の純増減額-12,528-8,177--3,702--10,111-39,626--3,562-
長期借入れ-14,122-29,812-20,949-31,281-8,529-45,822-
長期借入金の返済--19,932--43,546--14,836--29,697--6,492--19,595-
社債の発行---10,000---10,000---20,000-
社債の償還--15--30--5,015--5,025--10,010--10,240-
自己株式の取得--1--3--1--3--1--1-
自己株式の売却-0-0---0-0-0-
配当金の支払--1,485--2,971--1,485--2,971--1,980--3,961-
財務CF-3,736--3,182--5,717--9,412-28,086-24,280-
換算差額--373-123--184--98--213-625-
その他
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
設備投資額---41,527---36,512---38,700-
研究開発費---1,483---1,531---1,593-
発行済株式総数247,597,032株247,595,824株247,594,472株247,592,929株247,592,217株247,591,097株247,590,396株247,589,657株247,589,099株247,588,491株247,587,883株247,587,478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.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
従業員数---16,532人---16,968人---18,902人-
売上/従業員(千円)34,01234,01234,01234,01236,63936,63936,63936,63938,49138,49138,49136,175-
営利/従業員(千円)1,4741,4741,4741,4741,0331,0331,0331,0331,4911,4911,4912,181-
四半期売上(百万円)
売上5y CAGR・予想:6.3 %
四半期利益(百万円)
営利5y CAGR・予想:14.0 %
純利5y CAGR・予想:19.2 %
P/L
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上146,148149,243159,841150,480159,593160,920175,064157,530168,549169,428175,628170,175697,000
前期比108.2%110.2%114.0%111.7%109.2%107.8%109.5%104.7%105.6%105.3%100.3%108.0%101.9%
売上原価121,231126,554132,171126,046129,556133,337147,186131,830135,528137,244139,286139,260-
売上総利益24,91622,68927,67124,43430,03627,58327,87925,69933,02132,18436,34130,915-
%17.0%15.2%17.3%16.2%18.8%17.1%15.9%16.3%19.6%19.0%20.7%18.2%-
販管費20,17620,34720,93321,17121,03521,41822,07421,37722,11421,86822,67224,579-
営業利益4,7392,3436,7383,2629,0016,1655,8054,32110,90610,31613,6706,33540,000
前期比67.5%34.9%86.1%155.8%189.9%263.1%86.2%132.5%121.2%167.3%235.5%146.6%97.0%
%3.2%1.6%4.2%2.2%5.6%3.8%3.3%2.7%6.5%6.1%7.8%3.7%5.7%
受取利息および受取配当金878000932000997000-
持分法による投資利益4564536384,725381889526249406575530478-
営業外収益1,7991,1361,7925,6551,7651,6761,6541,1421,8811,2631,6461,530-
支払利息405409403404387390408382404420439469-
持分法による投資損失-000-000-000-
営業外費用1,0519569381,3521,0029701,0821,0201,0191,0281,1751,127-
経常利益5,4872,5227,5927,5679,7636,8736,3764,44211,76810,55114,1426,73842,000
固定資産売却益15123161,4571612481218-1800-
投資有価証券売却益-0407907107-178223-23760236-
特別利益445324212,4072725137146752227601,172-
固定資産売却損-000-000-000-
投資有価証券売却損-000-00055-550493-
減損損失-00611-00646-00279-
特別損失1071,2595181,2222193219761,1982678922462,933-
税引前利益5,8251,2957,4958,7519,5716,5775,5373,39011,5769,88114,6554,978-
法人税等2,2035592,0221,2612,7811,8541,5959893,3632,7634,3612,261-
%37.8%43.2%27.0%14.4%29.1%28.2%28.8%29.2%29.1%28.0%29.8%45.4%-
当期純利益3,6217375,4737,4896,7904,7223,9432,4018,2137,11810,2942,716-
非支配株主に帰属する当期純利益18916713620621921316298222231176-78-
親会社株主に帰属する当期純利益3,4325695,3387,2836,5714,5083,7812,3037,9916,88610,1182,79528,000
前期比76.2%13.5%89.1%-859.9%191.5%792.3%70.8%31.6%121.6%152.8%267.6%121.4%100.8%
%2.3%0.4%3.3%4.8%4.1%2.8%2.2%1.5%4.7%4.1%5.8%1.6%4.0%
 
EBITDA54,68654,68654,68654,68649,46349,46349,46349,46358,98558,98558,98577,64077,413
EPS67.1円67.1円67.1円67.1円69.3円69.3円69.3円69.3円112.2円112.2円112.2円112.2円113.1円
BPS961.6円968.2円1,011.3円1,030.0円1,046.3円1,077.1円1,051.6円1,066.1円1,077.8円1,096.8円1,136.9円1,123.9円-
期初会社予想
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上高(期初予)600,000600,000600,000600,000650,000650,000650,000650,000700,000700,000700,000700,000697,000
対実績比24.4%49.2%75.9%101.0%24.6%49.3%76.2%100.5%24.1%48.3%73.4%97.7%-
営業利益(期初予)24,00024,00024,00024,00030,00030,00030,00030,00035,00035,00035,00035,00040,000
対実績比19.7%29.5%57.6%71.2%30.0%50.6%69.9%84.3%31.2%60.6%99.7%117.8%-
純利益(期初予)15,50015,50015,50015,50021,00021,00021,00021,00025,00025,00025,00025,00028,000
対実績比22.1%25.8%60.3%107.2%31.3%52.8%70.8%81.7%32.0%59.5%100.0%111.2%-
配当
ROEデュポン分解
β
マルチプル
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
株価652円669円823円919円975円969円868円1,038円865円778円834円842円-
企業価値414,009418,218462,229490,335494,359491,675463,385509,336460,700472,438486,303482,231-
時価総額161,433165,642203,771227,539241,403239,917214,909256,999214,165192,624206,489208,469-
純有利子負債252,576252,576258,458262,796252,956251,758248,476252,337246,535279,814279,814273,762-
PER(会予)10.4倍10.7倍19.4倍21.7倍11.5倍11.4倍14.3倍17.1倍8.6倍7.7倍8.3倍7.4倍-
PBR0.7倍0.7倍0.9倍0.9倍0.9倍0.9倍0.8倍1.0倍0.8倍0.7倍0.8倍0.7倍-
PER × PBR7.1倍7.4倍16.5倍19.7倍10.9倍10.6倍11.5倍16.9倍7.0倍5.5倍6.3倍5.6倍-
EV/EBITDA(会予)7.5倍7.6倍9.6倍10.2倍7.9倍7.9倍8.4倍9.2倍6.7倍6.9倍7.1倍6.2倍-
PSR(会予)0.3倍0.3倍0.3倍0.4倍0.4倍0.4倍0.3倍0.4倍0.3倍0.3倍0.3倍0.3倍-
PCFR(会予)3.5倍3.6倍4.9倍5.5倍4.5倍4.5倍4.5倍5.4倍3.6倍3.3倍3.5倍3.2倍-
配当金---12.0円---14.0円---20.0円20.0円
配当利回り1.8%1.8%1.5%1.3%1.2%1.2%1.4%1.2%1.6%1.8%1.7%2.4%-
配当性向---17.9%---20.2%---17.8%-
自己資本配当率1.2%1.2%1.2%1.2%1.3%1.3%1.3%1.3%1.9%1.8%1.8%1.8%-
ROE7.0%6.9%6.6%6.5%6.6%6.4%6.6%6.5%10.4%10.2%9.9%10.0%-
純利益率(再掲)2.3%1.4%2.1%2.7%4.1%3.5%3.0%2.6%4.7%4.4%4.9%4.1%-
総資産回転率0.9回0.8回0.8回0.8回0.9回0.9回0.8回0.8回0.9回0.9回0.8回0.8回-
財務レバレッジ3.0倍3.0倍3.0倍3.0倍2.9倍2.9倍2.9倍3.0倍2.9倍2.9倍2.9倍2.9倍-
実質ROE6.6%6.6%6.3%6.2%6.3%6.2%6.3%6.2%10.0%9.8%9.5%9.6%-
ROIC2.1%2.1%2.0%2.1%3.4%3.3%3.3%3.3%5.2%4.9%4.8%4.8%-
ROA2.3%2.3%2.2%2.2%2.3%2.2%2.2%2.2%3.6%3.5%3.4%3.4%-
β0.460.420.500.480.500.490.500.470.480.520.530.38-
βの決定係数(R2)0.110.100.130.120.110.110.130.120.130.150.160.09-
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.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
流動資産
現金25,99724,38627,73728,10825,07129,64931,63631,02227,51430,79433,95340,014-
売上債権165,657165,657176,427186,520185,145187,351189,528200,475194,762190,806190,806192,230-
棚卸資産41,99441,99444,09143,84345,91445,81546,06747,87748,90549,78649,78649,959-
有価証券-------------
前払金-------------
繰延税金資産2,9083,7432,4663,725---------
貸倒引当金-660-696-644-646-702-734-746-736-763-755-687-667-
流動資産242,250254,535267,290268,787263,934270,483285,998280,134282,031278,606299,344289,727-
固定資産
建物・構築物223,848225,975227,000228,548228,536237,989238,593239,284241,292246,987248,644257,002-
機械・運搬具457,895460,424467,053474,597475,077484,036481,223485,147488,856507,859509,587520,276-
土地108,844108,527108,465107,374107,059112,142112,227113,958114,002115,300115,407116,926-
建設仮勘定5,31910,8257,6666,3346,7975,4038,0787,2808,2107,9678,8157,444-
有形固定資産298,312305,413304,917309,706307,354315,967317,410319,962324,114336,234335,142350,584-
のれん10,74810,63410,3999,7238,7749,5379,5379,0798,82228,89329,48021,273-
無形固定資産24,64124,40824,26523,82121,90323,19523,10222,43021,12540,77341,13838,425-
投資有価証券122,064123,832131,795126,687127,492132,113119,566123,745118,429121,848124,992120,113-
繰延税金資産7717817067431,2631,4501,3631,403-----
貸倒引当金-1,027-1,102-1,088-987-983-1,081-1,171-1,138-1,123-1,070-1,111-1,081-
敷金および保証金-------------
投資その他の資産142,231144,094153,100148,321149,273154,945142,474146,828139,207142,983145,606141,372-
固定資産465,185473,916482,284481,848478,531494,108482,987489,221484,446519,992521,887530,381-
総資産707,436728,451749,575750,636742,466764,591768,986769,355766,478798,598821,231820,109-
 
負債
有利子負債合計278,573278,573282,844290,533281,064276,829278,125283,973277,557310,608310,608313,776-
仕入債務97,04197,041109,151113,123111,837109,071115,989127,259124,231110,792110,792110,888-
前受金-------------
未払法人税等1,4903,1511,5553,4171,7214,9292,6885,4212,1916,6065,8809,501-
繰延税金負債(固定)19,44919,60721,93520,56919,32320,77517,77717,223-----
負債461,891480,614491,904488,055475,888487,263498,012494,658488,326515,959528,601531,289-
 
純資産
資本金31,06631,06631,06631,06631,06631,06631,06631,06631,06631,06631,06631,066-
資本剰余金34,26334,26333,59333,58633,58533,69933,66233,65733,65833,42733,41933,388-
利益剰余金143,563144,090148,001155,268160,353164,853167,148169,587175,379182,249190,386193,183-
自己株式-11,936-11,937-11,938-11,940-11,940-11,941-11,942-11,943-11,943-11,944-11,944-11,945-
非支配株主持分7,4568,1127,2867,5657,51210,65410,60410,74911,30011,09311,13510,565-
純資産245,545247,836257,670262,580266,577277,328270,974274,697278,151282,639292,630288,820-
キャッシュフロー(百万円)
C/S
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
営業CF
税金等調整前当期純利益5,8257,12014,61523,3669,57116,14821,68525,07511,57621,45736,11241,090-
減価償却費-14,631-30,776-15,481-32,259-16,223-35,076-
のれん償却額-789-1,605-827-1,434-453-1,337-
減損損失-00611-00646-00279-
受取利息及び受取配当金--1,115--2,185--1,225--2,254--1,304--2,402-
売上債権の増減額--12,178--19,897--3,737--8,531-5,975-6,419-
棚卸資産の増減額--3,965--5,388--405--3,117-106-627-
仕入債務の増減額-13,033-15,278--1,140-6,082--14,075--15,809-
営業CF-14,306-31,249-26,556-50,857-24,035-61,079-
投資CF
有価証券の取得0-7290-9310-2490-1,5140-2,1930-401-
有価証券の売却・償還0506,439031038505501,447-
固定資産の購入0-21,9860-37,1680-20,6780-39,0330-18,6660-37,843-
固定資産の売却01,21703,9480284074201570280-
貸付け--10--84--16--387--4--6-
貸付金の回収-59-146-63-248-44-221-
投資CF--22,075--28,658--18,953--38,685--52,311--78,267-
財務CF
短期借入金の純増減額-12,528-8,177--3,702--10,111-39,626--3,562-
長期借入れ-14,122-29,812-20,949-31,281-8,529-45,822-
長期借入金の返済--19,932--43,546--14,836--29,697--6,492--19,595-
社債の発行---10,000---10,000---20,000-
社債の償還--15--30--5,015--5,025--10,010--10,240-
自己株式の取得--1--3--1--3--1--1-
自己株式の売却-0-0---0-0-0-
配当金の支払--1,485--2,971--1,485--2,971--1,980--3,961-
財務CF-3,736--3,182--5,717--9,412-28,086-24,280-
換算差額--373-123--184--98--213-625-
その他
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
設備投資額---41,527---36,512---38,700-
研究開発費---1,483---1,531---1,593-
発行済株式総数247,597,032株247,595,824株247,594,472株247,592,929株247,592,217株247,591,097株247,590,396株247,589,657株247,589,099株247,588,491株247,587,883株247,587,478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.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
従業員数---16,532人---16,968人---18,902人-
売上/従業員(千円)34,01234,01234,01234,01236,63936,63936,63936,63938,49138,49138,49136,175-
営利/従業員(千円)1,4741,4741,4741,4741,0331,0331,0331,0331,4911,4911,4912,181-