通期売上(百万円)
売上5y CAGR・実績:3.8 %
通期利益(百万円)
営利5y CAGR・実績:37.6 %
純利5y CAGR・実績:194.7 %
P/L
2017.122018.122019.122020.12E
売上780,387992,136906,454810,000
前期比116.3%127.1%91.4%89.4%
売上原価602,778705,003671,157-
売上総利益177,609287,133235,297-
%22.8%28.9%26.0%-
販管費99,791107,130114,499-
営業利益77,818180,003120,79850,000
前期比185.0%231.3%67.1%41.4%
%10.0%18.1%13.3%6.2%
受取利息および受取配当金1,8932,3542,568-
持分法による投資利益-1,253748-
営業外収益4,4416,2216,196-
支払利息3,1002,9832,255-
持分法による投資損失7,689---
営業外費用18,2987,4207,701-
経常利益63,962178,804119,29347,000
固定資産売却益899-701-
投資有価証券売却益-1,5211,743-
特別利益4,6062,1002,930-
固定資産売却損----
投資有価証券売却損----
減損損失7,20422,57315,662-
特別損失21,95235,39524,340-
税引前利益46,616145,50997,883-
法人税等10,83328,75622,582-
%21.1%23.2%19.8%-
当期純利益35,783116,75275,300-
非支配株主に帰属する当期純利益2,3135,2492,212-
親会社株主に帰属する当期純利益33,470111,50373,08815,000
前期比272.0%333.1%65.5%20.5%
%1.8%4.3%11.2%1.9%
 
EBITDA80,814116,272219,462184,459
EPS234.8円764.4円501.0円617.0円
BPS2,445.0円3,057.2円3,423.2円-
期初会社予想
2017.122018.122019.122020.12E
売上高(期初予)745,000900,0001,100,000810,000
対実績比104.7%110.2%82.4%-
営業利益(期初予)54,500110,000190,00050,000
対実績比142.8%163.6%63.6%-
純利益(期初予)25,00065,000120,00015,000
対実績比133.9%171.5%60.9%-
配当
ROEデュポン分解
β
マルチプル
2017.122018.122019.122020.12E
株価4,815円3,270円2,899円-
企業価値948,013678,335607,789-
時価総額686,257485,674422,893-
純有利子負債261,756192,661184,896-
PER(会予)32.7倍4.2倍4.7倍-
PBR2.1倍1.0倍0.8倍-
PER × PBR69.3倍4.4倍4.0倍-
EV/EBITDA(会予)8.7倍3.3倍3.3倍-
PSR(会予)0.9倍0.5倍0.4倍-
PCFR(会予)11.5倍3.2倍3.3倍-
配当金80.0円120.0円130.0円130.0円
配当利回り-2.4%4.1%-
配当性向34.1%15.7%25.9%-
自己資本配当率3.3%3.9%3.8%-
ROE9.6%25.0%14.6%-
純利益率(再掲)4.3%11.2%8.1%-
総資産回転率0.8回0.9回0.8回-
財務レバレッジ3.0倍2.5倍2.1倍-
実質ROE9.3%24.4%14.3%-
ROIC9.6%20.6%12.3%-
ROA3.3%10.4%6.8%-
β1.191.481.54-
βの決定係数(R2)0.370.380.41-
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77,248113,186122,086-
売上債権151,087213,578162,314-
棚卸資産96,982148,937174,382-
有価証券----
前払金----
繰延税金資産6,8983,747--
貸倒引当金-2,849-1,386-754-
流動資産405,341500,280497,057-
固定資産
建物・構築物85,54778,77779,781-
機械・運搬具151,634146,764140,681-
土地245,062234,987226,362-
建設仮勘定16,54811,10618,794-
有形固定資産505,900478,406473,168-
のれん----
無形固定資産12,43214,95022,650-
投資有価証券89,16771,88671,786-
繰延税金資産1,0801,5903,381-
貸倒引当金-10,229-8,332-8,125-
敷金および保証金----
投資その他の資産101,05482,10983,506-
固定資産619,386575,466579,325-
総資産1,024,7271,075,7461,076,381-
 
負債
有利子負債合計351,047330,869304,571-
仕入債務111,365148,108107,557-
前受金----
未払法人税等----
繰延税金負債(固定)12,7746,6837,950-
負債659,730610,406556,949-
 
純資産
資本金140,564140,564140,564-
資本剰余金61,66378,91178,912-
利益剰余金96,142197,717249,246-
自己株式-10,503-11,659-11,664-
非支配株主持分16,52419,37720,067-
純資産364,997465,340519,433-
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46,616145,50997,883-
減価償却費38,45439,45937,704-
のれん償却額--98-
減損損失7,20422,57315,662-
受取利息及び受取配当金-1,893-2,354-2,568-
売上債権の増減額-23,253-29,58333,489-
棚卸資産の増減額-12,005-40,469-21,585-
仕入債務の増減額10,17220,397-21,898-
営業CF67,284149,78578,554-
投資CF
有価証券の取得-1,646-703-864-
有価証券の売却・償還15,1213,9755,677-
固定資産の購入-38,872-41,269-40,708-
固定資産の売却1,0673921,251-
貸付け-1,045-2,950-558-
貸付金の回収609672289-
投資CF-29,914-49,338-48,156-
財務CF
短期借入金の純増減額19,921-24,507-9,545-
長期借入れ22,32833,20664,396-
長期借入金の返済-44,813-81,559-47,206-
社債の発行--20,000-
社債の償還-10,000---
自己株式の取得--10,016-9-
自己株式の売却-26,1040-
配当金の支払-4,277-10,084-21,861-
財務CF-18,370-61,061-18,546-
換算差額953-3,231-2,388-
その他
2017.122018.122019.122020.12E
設備投資額41,27941,72750,216-
研究開発費----
発行済株式総数142,523,747株145,874,928株145,874,963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10,864人10,476人10,813人-
売上/従業員(千円)66,15071,83294,706-
営利/従業員(千円)4,1457,16317,182-
四半期売上(百万円)
売上5y CAGR・実績:3.8 %
四半期利益(百万円)
営利5y CAGR・実績:37.6 %
純利5y CAGR・実績:194.7 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上372,193563,813780,387214,694455,845724,938992,136234,727475,494695,575906,454171,734-
前期比116.8%116.4%116.3%117.2%122.5%128.6%127.1%109.3%104.3%95.9%91.4%73.2%-
売上原価289,896436,360602,778155,140324,889510,569705,003162,888334,836502,653671,157142,619-
売上総利益82,297127,453177,60959,553130,956214,368287,13371,839140,658192,922235,29729,115-
%22.1%22.6%22.8%27.7%28.7%29.6%28.9%30.6%29.6%27.7%26.0%17.0%-
販管費47,27071,50999,79125,16552,87179,873107,13026,46355,18783,609114,49926,645-
営業利益35,02755,94477,81834,38878,084134,495180,00345,37685,471109,313120,7982,469-
前期比302.9%219.6%185.0%174.6%222.9%240.4%231.3%132.0%109.5%81.3%67.1%5.4%-
%9.4%9.9%10.0%16.0%17.1%18.6%18.1%19.3%18.0%15.7%13.3%1.4%-
受取利息および受取配当金8401,1921,8935131,0801,6112,3546061,2811,8122,568530-
持分法による投資利益---5635949741,253-540228748417-
営業外収益2,3783,1804,4412,3773,4534,9506,2211,4523,0813,7926,1962,405-
支払利息1,4542,2073,1008121,5612,3472,9835791,1111,7612,255454-
持分法による投資損失8,7288,4667,689----499-----
営業外費用15,16716,74318,2983,9883,7465,2607,4202,6463,7225,5177,7011,653-
経常利益22,23842,38163,96232,77777,791134,185178,80444,18284,830107,587119,2933,221-
固定資産売却益6113489929----4996537011,539-
投資有価証券売却益165236--2812811,5212911,1891,3411,743--
特別利益2303754,606305215372,1002971,8102,1542,9301,743-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失--7,204---22,573-1,1401,28915,662--
特別損失9,6389,82421,9528972,0193,07135,3957083,0074,28424,3401,512-
税引前利益12,83132,93246,61631,91076,293131,652145,50943,77183,633105,45797,8833,452-
法人税等4,1847,88010,8335,74815,25427,91028,7569,49816,16722,17322,582-328-
%21.1%21.1%21.1%23.2%23.2%23.2%23.2%19.8%19.8%19.8%19.8%23.1%-
当期純利益8,64725,05235,78326,16261,039103,742116,75234,27367,46683,28575,3003,780-
非支配株主に帰属する当期純利益8101,6152,3131,4102,9074,4705,2491,1991,6532,3222,2121,081-
親会社株主に帰属する当期純利益7,83723,43733,47024,75158,13299,272111,50333,07465,81380,96373,0882,699-
前期比336.2%203.1%272.0%170.1%741.8%423.6%333.1%133.6%113.2%81.6%65.5%8.2%-
%1.8%1.8%1.8%4.3%4.3%4.3%4.3%11.2%11.2%11.2%11.2%8.1%-
 
EBITDA80,81480,81480,814116,272116,272116,272116,272219,462219,462219,462219,462158,60087,802
EPS234.8円234.8円234.8円750.7円750.7円750.7円764.4円501.0円501.0円501.0円501.0円501.0円102.8円
BPS2,124.1円2,272.2円2,445.0円2,569.8円2,815.3円3,116.7円3,057.2円3,204.3円3,366.4円3,414.6円3,423.2円3,249.6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)745,000745,000745,000900,000900,000900,000900,0001,100,0001,100,0001,100,0001,100,000810,000-
対実績比50.0%75.7%104.7%23.9%50.6%80.5%110.2%21.3%43.2%63.2%82.4%21.2%-
営業利益(期初予)54,50054,50054,500110,000110,000110,000110,000190,000190,000190,000190,00050,000-
対実績比64.3%102.6%142.8%31.3%71.0%122.3%163.6%23.9%45.0%57.5%63.6%4.9%-
純利益(期初予)25,00025,00025,00065,00065,00065,00065,000120,000120,000120,000120,00015,000-
対実績比31.3%93.7%133.9%38.1%89.4%152.7%171.5%27.6%54.8%67.5%60.9%18.0%-
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2,606円3,505円4,815円4,500円4,920円6,270円3,270円3,890円3,170円2,825円2,899円2,237円-
企業価値643,438771,569948,013910,834977,9401,163,070678,335742,235654,993596,994607,789535,957-
時価総額371,423499,554686,257641,357730,732931,250485,674567,453462,422412,098422,893326,322-
純有利子負債272,015272,015261,756269,477247,208231,820192,661174,782192,571184,896184,896209,635-
PER(会予)14.9倍23.8倍32.7倍9.9倍8.6倍8.1倍4.2倍4.7倍3.9倍4.6倍4.7倍21.8倍-
PBR1.2倍1.7倍2.1倍1.8倍1.9倍2.2倍1.0倍1.3倍1.0倍0.8倍0.8倍0.7倍-
PER × PBR18.2倍39.3倍69.3倍18.2倍16.5倍18.0倍4.4倍6.0倍3.8倍3.8倍4.0倍15.0倍-
EV/EBITDA(会予)6.9倍7.8倍8.7倍6.1倍5.6倍5.6倍3.3倍3.2倍2.9倍3.2倍3.3倍6.1倍-
PSR(会予)0.5倍0.7倍0.9倍0.7倍0.8倍0.9倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍-
PCFR(会予)5.8倍8.4倍11.5倍6.2倍5.9倍6.1倍3.2倍3.6倍2.9倍3.2倍3.3倍6.2倍-
配当金--80.0円---120.0円---130.0円-130.0円
配当利回り---1.8%1.6%1.3%2.4%3.1%3.8%4.2%4.1%5.8%-
配当性向--34.1%---15.7%---25.9%--
自己資本配当率3.8%3.5%3.3%4.7%4.3%3.9%3.9%4.1%3.9%3.8%3.8%4.0%-
ROE11.1%10.3%9.6%29.2%26.7%24.1%25.0%15.6%14.9%14.7%14.6%15.4%-
純利益率(再掲)2.1%4.2%4.3%11.5%12.8%13.7%11.2%14.1%13.8%11.6%8.1%1.6%-
総資産回転率0.8回0.8回0.8回1.0回0.9回0.9回0.9回0.8回0.8回0.8回0.8回0.9回-
財務レバレッジ3.1倍3.1倍3.0倍2.9倍2.7倍2.5倍2.5倍2.4倍2.3倍2.1倍2.1倍2.2倍-
実質ROE10.7%10.0%9.3%29.1%26.6%24.0%24.4%15.3%14.5%14.3%14.3%15.0%-
ROIC10.3%9.9%9.6%21.3%20.5%19.1%20.6%12.9%12.6%12.2%12.3%12.3%-
ROA3.6%3.5%3.3%11.0%10.6%9.7%10.4%6.7%6.8%6.8%6.8%7.0%-
β1.191.141.191.201.201.281.481.521.541.561.541.43-
βの決定係数(R2)0.430.400.370.380.280.290.380.390.400.420.410.40-
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76,48889,29177,24882,74589,278138,208113,186103,677113,767119,675122,086115,489-
売上債権139,199139,199151,087176,021162,869186,073213,578203,730196,092162,314162,314152,826-
棚卸資産94,29194,29196,982114,913125,751127,737148,937152,800171,294174,382174,382187,414-
有価証券-------------
前払金-------------
繰延税金資産--6,898---3,747------
貸倒引当金-2,108-2,174-2,849-2,701-2,338-2,323-1,386-1,484-980-857-754-729-
流動資産343,698373,777405,341408,211444,055537,920500,280497,923497,727483,260497,057485,120-
固定資産
建物・構築物78,58179,36385,54784,29984,57484,59678,77780,51579,38080,18179,78177,264-
機械・運搬具127,650130,860151,634147,829153,291154,890146,764144,351141,699139,526140,681136,825-
土地242,759242,713245,062244,909244,911244,877234,987237,474236,665236,755226,362225,306-
建設仮勘定--16,548---11,106---18,794--
有形固定資産483,558484,694505,900500,617502,761502,981478,406483,775480,114482,405473,168472,198-
のれん-------------
無形固定資産11,80611,87012,43213,13713,26414,25814,95015,71516,67322,13822,65022,737-
投資有価証券76,11880,13689,16786,69284,98583,30471,88673,36469,92670,38171,78657,336-
繰延税金資産--1,080---1,590---3,381--
貸倒引当金-9,492-9,882-10,229-9,715-10,089-9,915-8,332-8,342-7,984-7,866-8,125-7,964-
敷金および保証金-------------
投資その他の資産90,07294,785101,05495,96995,72793,82282,10986,45683,29281,38283,50671,525-
固定資産585,437591,349619,386609,723611,752611,061575,466585,946580,080585,926579,325566,460-
総資産929,135965,1261,024,7271,017,9341,055,8071,148,9811,075,7461,083,8691,077,8071,069,1851,076,3811,051,580-
 
負債
有利子負債合計348,503348,503351,047346,725329,953321,098330,869287,968296,248304,571304,571325,124-
仕入債務102,525102,525111,365120,762120,764132,065148,108139,420133,815107,557107,557103,005-
前受金-------------
未払法人税等----11,08014,962-15,25414,578----
繰延税金負債(固定)--12,774---6,683---7,950--
負債611,537625,459659,730620,004620,241667,031610,406596,838566,986550,860556,949557,933-
 
純資産
資本金140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564-
資本剰余金61,66361,66361,66378,91178,91178,91178,91178,91178,91278,91278,91278,912-
利益剰余金69,08084,66596,142113,762147,142189,235197,717216,326249,348257,123249,246240,739-
自己株式-10,495-10,499-10,503-1,652-1,651-1,655-11,659-11,661-11,661-11,663-11,664-11,665-
非支配株主持分14,85315,82916,52416,25717,42319,04619,37719,61319,74520,22420,06719,610-
純資産317,598339,668364,997397,930435,566481,949465,340487,031510,822518,326519,433493,647-
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12,83132,93246,61631,91076,293131,652145,50943,77183,633105,45797,8833,452-
減価償却費18,692-38,454-19,753-39,459-18,598-37,704--
のれん償却額----------98--
減損損失--7,204---22,573-1,1401,28915,662--
受取利息及び受取配当金-839--1,893--1,080--2,354--1,281--2,568--
売上債権の増減額4,470--23,253--11,682--29,583-19,117-33,489--
棚卸資産の増減額-3,354--12,005--14,465--40,469--19,442--21,585--
仕入債務の増減額-2,086-10,172-12,785-20,397--12,978--21,898--
営業CF42,965-67,284-52,176-149,785-40,494-78,554--
投資CF
有価証券の取得-1,1210-1,6460-6700-7030-5610-8640-
有価証券の売却・償還674015,12102,45203,97504,04505,6770-
固定資産の購入-19,2600-38,8720-20,9440-41,2690-19,1660-40,7080-
固定資産の売却13501,0670134039201,02901,2510-
貸付け-91--1,045--465--2,950--24--558--
貸付金の回収134-609-113-672-42-289--
投資CF-11,308--29,914--25,525--49,338--17,865--48,156--
財務CF
短期借入金の純増減額429-19,921--8,533--24,507--10,075--9,545--
長期借入れ6,396-22,328-12,584-33,206-19,800-64,396--
長期借入金の返済-19,127--44,813--35,513--81,559--18,948--47,206--
社債の発行--------20,000-20,000--
社債の償還-10,000--10,000----------
自己株式の取得-----9--10,016--4--9--
自己株式の売却----26,104-26,104-3-0--
配当金の支払-3,800--4,277--7,108--10,084--14,560--21,861--
財務CF-16,209--18,370--12,881--61,061--18,703--18,546--
換算差額-183-953--1,850--3,231--3,348--2,388--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--41,279---41,727---50,216--
研究開発費-------------
発行済株式総数142,526,140株142,524,746株142,523,747株148,522,815株148,524,737株148,524,025株145,874,928株145,874,364株145,876,218株145,875,519株145,874,963株145,874,820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--10,864人---10,476人---10,813人--
売上/従業員(千円)66,15066,15066,15071,83271,83271,83271,83294,70694,70694,70694,70683,830-
営利/従業員(千円)4,1454,1454,1457,1637,1637,1637,16317,18217,18217,18217,18211,172-
四半期売上(百万円)
売上5y CAGR・実績:3.8 %
四半期利益(百万円)
営利5y CAGR・実績:37.6 %
純利5y CAGR・実績:194.7 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上189,000191,620216,574214,694241,151269,093267,198234,727240,767220,081210,879171,734-
前期比116.2%115.6%116.0%117.2%127.6%140.4%123.4%109.3%99.8%81.8%78.9%73.2%-
売上原価149,389146,464166,418155,140169,749185,680194,434162,888171,948167,817168,504142,619-
売上総利益39,61245,15650,15659,55371,40383,41272,76571,83968,81952,26442,37529,115-
%21.0%23.6%23.2%27.7%29.6%31.0%27.2%30.6%28.6%23.7%20.1%17.0%-
販管費24,28324,23928,28225,16527,70627,00227,25726,46328,72428,42230,89026,645-
営業利益15,32920,91721,87434,38843,69656,41145,50845,37640,09523,84211,4852,469-
前期比176.1%150.4%131.9%174.6%285.1%269.7%208.0%132.0%91.8%42.3%25.2%5.4%-
%8.1%10.9%10.1%16.0%18.1%21.0%17.0%19.3%16.7%10.8%5.4%1.4%-
受取利息および受取配当金000513000606000530-
持分法による投資利益-1,6330056331380279-540-312520417-
営業外収益-4298021,2612,3771,0761,4971,2711,4521,6297112,4042,405-
支払利息747753893812749786636579532650494454-
持分法による投資損失8,728-262-777-000499-49900--
営業外費用10,3721,5761,5553,988-2421,5142,1602,6461,0761,7952,1841,653-
経常利益4,52720,14321,58132,77745,01456,39444,61944,18240,64822,75711,7063,221-
固定資産売却益617376529-2900-499154481,539-
投資有価証券売却益071-236-28101,240291898152402--
特別利益381454,23130491161,5632971,5133447761,743-
固定資産売却損000-000-000--
投資有価証券売却損000-000-000--
減損損失-73707,204-0022,573-1,14014914,373--
特別損失8,00318612,1288971,1221,05232,3247082,2991,27720,0561,512-
税引前利益-3,43720,10113,68431,91044,38355,35913,85743,77139,86221,824-7,5743,452-
法人税等2,8743,6962,9535,7489,50612,6568469,4986,6696,006409-328-
%-83.6%18.4%21.6%18.0%21.4%22.9%6.1%21.7%16.7%27.5%-5.4%-9.5%-
当期純利益-6,31116,40510,73126,16234,87742,70313,01034,27333,19315,819-7,9853,780-
非支配株主に帰属する当期純利益4058056981,4101,4971,5637791,199454669-1101,081-
親会社株主に帰属する当期純利益-6,71615,60010,03324,75133,38141,14012,23133,07432,73915,150-7,8752,699-
前期比-473.3%169.4%1,308.1%170.1%-497.0%263.7%121.9%133.6%98.1%36.8%-64.4%8.2%-
%-3.6%8.1%4.6%11.5%13.8%15.3%4.6%14.1%13.6%6.9%-3.7%1.6%-
 
EBITDA80,81480,81480,814116,272116,272116,272116,272219,462219,462219,462219,462158,60087,802
EPS234.8円234.8円234.8円750.7円750.7円750.7円764.4円501.0円501.0円501.0円501.0円501.0円102.8円
BPS2,124.1円2,272.2円2,445.0円2,569.8円2,815.3円3,116.7円3,057.2円3,204.3円3,366.4円3,414.6円3,423.2円3,249.6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)745,000745,000745,000900,000900,000900,000900,0001,100,0001,100,0001,100,0001,100,000810,000-
対実績比50.0%75.7%104.7%23.9%50.6%80.5%110.2%21.3%43.2%63.2%82.4%21.2%-
営業利益(期初予)54,50054,50054,500110,000110,000110,000110,000190,000190,000190,000190,00050,000-
対実績比64.3%102.6%142.8%31.3%71.0%122.3%163.6%23.9%45.0%57.5%63.6%4.9%-
純利益(期初予)25,00025,00025,00065,00065,00065,00065,000120,000120,000120,000120,00015,000-
対実績比31.3%93.7%133.9%38.1%89.4%152.7%171.5%27.6%54.8%67.5%60.9%18.0%-
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2,606円3,505円4,815円4,500円4,920円6,270円3,270円3,890円3,170円2,825円2,899円2,237円-
企業価値643,438771,569948,013910,834977,9401,163,070678,335742,235654,993596,994607,789535,957-
時価総額371,423499,554686,257641,357730,732931,250485,674567,453462,422412,098422,893326,322-
純有利子負債272,015272,015261,756269,477247,208231,820192,661174,782192,571184,896184,896209,635-
PER(会予)14.9倍23.8倍32.7倍9.9倍8.6倍8.1倍4.2倍4.7倍3.9倍4.6倍4.7倍21.8倍-
PBR1.2倍1.7倍2.1倍1.8倍1.9倍2.2倍1.0倍1.3倍1.0倍0.8倍0.8倍0.7倍-
PER × PBR18.2倍39.3倍69.3倍18.2倍16.5倍18.0倍4.4倍6.0倍3.8倍3.8倍4.0倍15.0倍-
EV/EBITDA(会予)6.9倍7.8倍8.7倍6.1倍5.6倍5.6倍3.3倍3.2倍2.9倍3.2倍3.3倍6.1倍-
PSR(会予)0.5倍0.7倍0.9倍0.7倍0.8倍0.9倍0.5倍0.5倍0.4倍0.4倍0.4倍0.4倍-
PCFR(会予)5.8倍8.4倍11.5倍6.2倍5.9倍6.1倍3.2倍3.6倍2.9倍3.2倍3.3倍6.2倍-
配当金--80.0円---120.0円---130.0円-130.0円
配当利回り---1.8%1.6%1.3%2.4%3.1%3.8%4.2%4.1%5.8%-
配当性向--34.1%---15.7%---25.9%--
自己資本配当率3.8%3.5%3.3%4.7%4.3%3.9%3.9%4.1%3.9%3.8%3.8%4.0%-
ROE11.1%10.3%9.6%29.2%26.7%24.1%25.0%15.6%14.9%14.7%14.6%15.4%-
純利益率(再掲)2.1%4.2%4.3%11.5%12.8%13.7%11.2%14.1%13.8%11.6%8.1%1.6%-
総資産回転率0.8回0.8回0.8回1.0回0.9回0.9回0.9回0.8回0.8回0.8回0.8回0.9回-
財務レバレッジ3.1倍3.1倍3.0倍2.9倍2.7倍2.5倍2.5倍2.4倍2.3倍2.1倍2.1倍2.2倍-
実質ROE10.7%10.0%9.3%29.1%26.6%24.0%24.4%15.3%14.5%14.3%14.3%15.0%-
ROIC10.3%9.9%9.6%21.3%20.5%19.1%20.6%12.9%12.6%12.2%12.3%12.3%-
ROA3.6%3.5%3.3%11.0%10.6%9.7%10.4%6.7%6.8%6.8%6.8%7.0%-
β1.191.141.191.201.201.281.481.521.541.561.541.43-
βの決定係数(R2)0.430.400.370.380.280.290.380.390.400.420.410.40-
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76,48889,29177,24882,74589,278138,208113,186103,677113,767119,675122,086115,489-
売上債権139,199139,199151,087176,021162,869186,073213,578203,730196,092162,314162,314152,826-
棚卸資産94,29194,29196,982114,913125,751127,737148,937152,800171,294174,382174,382187,414-
有価証券-------------
前払金-------------
繰延税金資産--6,898---3,747------
貸倒引当金-2,108-2,174-2,849-2,701-2,338-2,323-1,386-1,484-980-857-754-729-
流動資産343,698373,777405,341408,211444,055537,920500,280497,923497,727483,260497,057485,120-
固定資産
建物・構築物78,58179,36385,54784,29984,57484,59678,77780,51579,38080,18179,78177,264-
機械・運搬具127,650130,860151,634147,829153,291154,890146,764144,351141,699139,526140,681136,825-
土地242,759242,713245,062244,909244,911244,877234,987237,474236,665236,755226,362225,306-
建設仮勘定--16,548---11,106---18,794--
有形固定資産483,558484,694505,900500,617502,761502,981478,406483,775480,114482,405473,168472,198-
のれん-------------
無形固定資産11,80611,87012,43213,13713,26414,25814,95015,71516,67322,13822,65022,737-
投資有価証券76,11880,13689,16786,69284,98583,30471,88673,36469,92670,38171,78657,336-
繰延税金資産--1,080---1,590---3,381--
貸倒引当金-9,492-9,882-10,229-9,715-10,089-9,915-8,332-8,342-7,984-7,866-8,125-7,964-
敷金および保証金-------------
投資その他の資産90,07294,785101,05495,96995,72793,82282,10986,45683,29281,38283,50671,525-
固定資産585,437591,349619,386609,723611,752611,061575,466585,946580,080585,926579,325566,460-
総資産929,135965,1261,024,7271,017,9341,055,8071,148,9811,075,7461,083,8691,077,8071,069,1851,076,3811,051,580-
 
負債
有利子負債合計348,503348,503351,047346,725329,953321,098330,869287,968296,248304,571304,571325,124-
仕入債務102,525102,525111,365120,762120,764132,065148,108139,420133,815107,557107,557103,005-
前受金-------------
未払法人税等----11,08014,962-15,25414,578----
繰延税金負債(固定)--12,774---6,683---7,950--
負債611,537625,459659,730620,004620,241667,031610,406596,838566,986550,860556,949557,933-
 
純資産
資本金140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564140,564-
資本剰余金61,66361,66361,66378,91178,91178,91178,91178,91178,91278,91278,91278,912-
利益剰余金69,08084,66596,142113,762147,142189,235197,717216,326249,348257,123249,246240,739-
自己株式-10,495-10,499-10,503-1,652-1,651-1,655-11,659-11,661-11,661-11,663-11,664-11,665-
非支配株主持分14,85315,82916,52416,25717,42319,04619,37719,61319,74520,22420,06719,610-
純資産317,598339,668364,997397,930435,566481,949465,340487,031510,822518,326519,433493,647-
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12,83132,93246,61631,91076,293131,652145,50943,77183,633105,45797,8833,452-
減価償却費18,692-38,454-19,753-39,459-18,598-37,704--
のれん償却額----------98--
減損損失-73707,204-0022,573-1,14014914,373--
受取利息及び受取配当金-839--1,893--1,080--2,354--1,281--2,568--
売上債権の増減額4,470--23,253--11,682--29,583-19,117-33,489--
棚卸資産の増減額-3,354--12,005--14,465--40,469--19,442--21,585--
仕入債務の増減額-2,086-10,172-12,785-20,397--12,978--21,898--
営業CF42,965-67,284-52,176-149,785-40,494-78,554--
投資CF
有価証券の取得-1,1210-1,6460-6700-7030-5610-8640-
有価証券の売却・償還674015,12102,45203,97504,04505,6770-
固定資産の購入-19,2600-38,8720-20,9440-41,2690-19,1660-40,7080-
固定資産の売却13501,0670134039201,02901,2510-
貸付け-91--1,045--465--2,950--24--558--
貸付金の回収134-609-113-672-42-289--
投資CF-11,308--29,914--25,525--49,338--17,865--48,156--
財務CF
短期借入金の純増減額429-19,921--8,533--24,507--10,075--9,545--
長期借入れ6,396-22,328-12,584-33,206-19,800-64,396--
長期借入金の返済-19,127--44,813--35,513--81,559--18,948--47,206--
社債の発行--------20,000-20,000--
社債の償還-10,000--10,000----------
自己株式の取得-----9--10,016--4--9--
自己株式の売却----26,104-26,104-3-0--
配当金の支払-3,800--4,277--7,108--10,084--14,560--21,861--
財務CF-16,209--18,370--12,881--61,061--18,703--18,546--
換算差額-183-953--1,850--3,231--3,348--2,388--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--41,279---41,727---50,216--
研究開発費-------------
発行済株式総数142,526,140株142,524,746株142,523,747株148,522,815株148,524,737株148,524,025株145,874,928株145,874,364株145,876,218株145,875,519株145,874,963株145,874,820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--10,864人---10,476人---10,813人--
売上/従業員(千円)66,15066,15066,15071,83271,83271,83271,83294,70694,70694,70694,70683,830-
営利/従業員(千円)4,1454,1454,1457,1637,1637,1637,16317,18217,18217,18217,18211,172-