エア・ウォーター【4088】の業績・財務

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通期売上(百万円)
売上5y CAGR・予想:5.2 %
通期利益(百万円)
営利5y CAGR・予想:4.9 %
純利5y CAGR・予想:6.7 %
P/L
2018.32019.32020.32021.3E
売上753,559742,288809,083810,000
前期比112.4%98.5%109.0%100.1%
売上原価592,616577,404628,463-
売上総利益160,943164,884180,620-
%21.4%22.2%22.3%-
販管費118,545121,235135,383-
営業利益42,39842,79950,61646,000
前期比102.6%100.9%118.3%90.9%
%5.6%5.8%6.3%5.7%
受取利息および受取配当金1,0301,203--
持分法による投資利益6761,6851,605-
営業外収益5,2876,624--
支払利息1,1811,438--
持分法による投資損失----
営業外費用2,9943,227--
経常利益44,69142,11149,830-
固定資産売却益294201--
投資有価証券売却益1,180477--
特別利益2,559833--
固定資産売却損----
投資有価証券売却損1,811---
減損損失777855--
特別損失6,7487,972--
税引前利益40,50142,11149,830-
法人税等13,51311,14516,085-
%33.4%26.5%32.3%-
当期純利益26,98830,13933,526-
非支配株主に帰属する当期純利益1,8151,3243,095-
親会社株主に帰属する当期純利益25,17328,81530,43027,000
前期比112.7%114.5%105.6%88.7%
%3.3%3.9%3.8%3.3%
 
EBITDA72,06176,25185,610-
EPS128.8円147.2円133.8円131.9円
BPS1,422.6円1,418.2円1,460.0円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)760,000820,000830,000810,000
対実績比99.2%90.5%97.5%-
営業利益(期初予)44,00048,50048,00046,000
対実績比96.4%88.2%105.5%-
純利益(期初予)24,00028,00030,00027,000
対実績比104.9%102.9%101.4%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価2,076円1,604円1,486円-
企業価値544,397509,123597,078-
時価総額405,474313,878337,905-
純有利子負債179,882284,100259,173-
PER(会予)16.9倍11.2倍11.3倍-
PBR1.5倍1.1倍1.0倍-
PER × PBR24.9倍12.3倍11.5倍-
EV/EBITDA(会予)7.6倍6.5倍7.2倍-
PSR(会予)0.5倍0.4倍0.4倍-
PCFR(会予)7.8倍5.4倍5.2倍-
配当金38.0円40.0円44.0円40.0円
配当利回り1.6%2.4%3.0%-
配当性向29.5%27.2%32.9%-
自己資本配当率2.7%2.8%3.0%-
ROE9.1%10.4%9.2%-
純利益率(再掲)3.3%3.9%3.8%-
総資産回転率1.1回0.9回0.9回-
財務レバレッジ2.5倍2.8倍2.7倍-
実質ROE8.9%10.3%9.1%-
ROIC6.0%5.3%5.5%-
ROA3.6%3.7%3.4%-
β1.051.090.92-
βの決定係数(R2)0.550.630.48-
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
2018.32019.32020.32021.3E
流動資産
現金23,29832,10841,861-
売上債権185,216184,887187,402-
棚卸資産53,24060,14564,415-
有価証券-6,5535,794-
前払金----
繰延税金資産4,428---
貸倒引当金-1,781-2,343--
流動資産282,991313,971333,277-
固定資産
建物・構築物61,08976,760--
機械・運搬具78,52886,876--
土地74,73584,173--
建設仮勘定33,84752,134--
有形固定資産274,277332,093380,284-
のれん17,40814,62919,352-
無形固定資産31,59414,62919,352-
投資有価証券79,27077,349--
繰延税金資産5,2607,4897,328-
貸倒引当金-1,578-3,045--
敷金および保証金----
投資その他の資産104,236108,798--
固定資産410,109471,972566,422-
総資産693,101785,944899,699-
 
負債
有利子負債合計203,180316,208301,034-
仕入債務114,429156,357137,945-
前受金----
未払法人税等8,0097,2668,510-
繰延税金負債(固定)10,6354,7459,252-
負債398,456490,934547,884-
 
純資産
資本金32,26332,26355,855-
資本剰余金37,06036,67551,077-
利益剰余金209,570208,183228,854-
自己株式-4,089-3,463-2,556-
非支配株主持分16,31116,95619,822-
純資産294,644295,009351,815-
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40,50142,11149,830-
減価償却費27,11930,77634,994-
のれん償却額2,5442,676--
減損損失777855--
受取利息及び受取配当金-1,031-1,173-1,266-
売上債権の増減額-25,0962,80011,510-
棚卸資産の増減額-3,076-3,797-3,741-
仕入債務の増減額17,43510,334-19,662-
営業CF47,76461,21243,784-
投資CF
有価証券の取得-4,888-7,610-8,658-
有価証券の売却・償還2,2071,2780-
固定資産の購入-58,908-74,155-64,187-
固定資産の売却4,3781,3180-
貸付け--19,389-17,113-
貸付金の回収-19,07518,516-
投資CF-61,637-91,615-115,597-
財務CF
短期借入金の純増減額3,75819,81413,105-
長期借入れ32,89346,88649,476-
長期借入金の返済-26,667-25,826-21,633-
社債の発行10,00010,00010,000-
社債の償還----
自己株式の取得-8-4--
自己株式の売却564633--
配当金の支払-7,272-7,868-8,029-
財務CF4,48939,04580,981-
換算差額-104-266-669-
その他
2018.32019.32020.32021.3E
設備投資額61,30982,26962,900-
研究開発費-2,8593,422-
発行済株式総数195,384,551株195,761,919株227,392,253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14,265人15,825人18,211人-
売上/従業員(千円)52,82646,90644,428-
営利/従業員(千円)2,9722,7052,779-
四半期売上(百万円)
売上5y CAGR・予想:5.2 %
四半期利益(百万円)
営利5y CAGR・予想:4.9 %
純利5y CAGR・予想:6.7 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上553,737753,559170,950347,711537,815742,288183,313385,351592,077809,083180,259374,423820,000
前期比113.2%112.4%96.1%96.9%97.1%98.5%107.2%110.8%110.1%109.0%98.3%97.2%101.3%
売上原価435,287592,616132,861269,996418,093577,404142,575301,179458,917628,463139,585290,611-
売上総利益118,449160,94338,08877,715119,721164,88440,73784,172133,160180,62040,67483,812-
%21.4%21.4%22.3%22.4%22.3%22.2%22.2%21.8%22.5%22.3%22.6%22.4%-
販管費88,755118,54528,95958,50888,200121,23531,62064,553100,194135,38332,93066,896-
営業利益29,69342,3989,68819,47531,45842,79910,97122,13338,82150,6168,71919,56150,000
前期比103.8%102.6%120.9%110.3%105.9%100.9%113.2%113.6%123.4%118.3%79.5%88.4%98.8%
%5.4%5.6%5.7%5.6%5.8%5.8%6.0%5.7%6.6%6.3%4.8%5.2%6.1%
受取利息および受取配当金8881,0305115929461,203-------
持分法による投資利益4826765588251,0871,6854657261,1421,605376831-
営業外収益3,7565,2871,7853,3024,6486,624-------
支払利息8661,1812815848921,438-------
持分法による投資損失-------------
営業外費用2,0412,9946931,3672,1643,227-------
経常利益31,40744,6919,89719,33631,30442,11111,12021,87638,44249,8308,46018,825-
固定資産売却益2682943298193201-------
投資有価証券売却益301,18010140140477-------
特別利益3662,55942289424833-------
固定資産売却損-------------
投資有価証券売却損-1,811-----------
減損損失-777---855-------
特別損失1,3886,7482181,3052,6357,972-------
税引前利益30,38640,5019,89719,33631,30442,11111,12021,87638,44249,8308,46018,825-
法人税等10,12513,5133,4306,79410,74711,1453,4437,33311,72316,0853,2287,040-
%33.3%33.4%34.7%35.1%34.3%26.5%31.0%33.5%30.5%32.3%38.2%37.4%-
当期純利益20,26026,9886,92813,54121,84430,1397,63014,46326,58233,5265,22111,758-
非支配株主に帰属する当期純利益1,4971,8151574218181,3244872,2643,2603,0957691,047-
親会社株主に帰属する当期純利益18,76325,1736,77013,11921,02628,8157,14312,19923,32230,4304,45110,71029,000
前期比102.3%112.7%140.4%120.2%112.1%114.5%105.5%93.0%110.9%105.6%62.3%87.8%95.3%
%3.4%3.3%4.0%3.8%3.9%3.9%3.9%3.2%3.9%3.8%2.5%2.9%3.5%
 
EBITDA29,69372,06117,14135,60954,09976,25119,08639,54864,31285,61018,08138,477-
EPS128.9円128.8円147.4円147.4円147.3円147.2円155.3円155.2円133.9円133.8円133.8円133.7円118.6円
BPS1,409.2円1,422.6円1,440.3円1,474.3円1,466.0円1,418.2円1,430.8円1,441.9円1,489.9円1,460.0円1,462.8円1,490.5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)760,000760,000820,000820,000820,000820,000830,000830,000830,000830,000810,000810,000820,000
対実績比72.9%99.2%20.8%42.4%65.6%90.5%22.1%46.4%71.3%97.5%22.3%46.2%-
営業利益(期初予)44,00044,00048,50048,50048,50048,50048,00048,00048,00048,00046,00046,00050,000
対実績比67.5%96.4%20.0%40.2%64.9%88.2%22.9%46.1%80.9%105.5%19.0%42.5%-
純利益(期初予)24,00024,00028,00028,00028,00028,00030,00030,00030,00030,00027,00027,00029,000
対実績比78.2%104.9%24.2%46.9%75.1%102.9%23.8%40.7%77.7%101.4%16.5%39.7%-
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2,378円2,076円2,034円2,085円1,665円1,604円1,844円1,932円1,600円1,486円1,521円1,420円-
企業価値590,493544,397577,294578,840500,316509,123645,085645,150580,063597,078613,463585,031-
時価総額464,156405,474397,412407,597325,594313,878360,985378,758313,671337,905346,031323,181-
純有利子負債138,923179,882171,243174,722195,245284,100216,913266,392258,739259,173267,432261,850-
PER(会予)19.3倍16.9倍14.2倍14.6倍11.6倍11.2倍12.0倍12.6倍10.5倍11.3倍12.8倍12.0倍-
PBR1.7倍1.5倍1.4倍1.4倍1.1倍1.1倍1.3倍1.3倍1.1倍1.0倍1.0倍1.0倍-
PER × PBR33.6倍24.9倍20.3倍21.1倍13.1倍12.3倍15.6倍16.9倍11.6倍11.5倍13.3倍11.4倍-
EV/EBITDA(会予)8.2倍7.6倍7.4倍7.4倍6.4倍6.5倍7.9倍7.9倍7.1倍7.2倍7.6倍7.2倍-
PSR(会予)0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.5倍0.4倍0.4倍0.4倍0.4倍-
PCFR(会予)8.9倍7.8倍6.9倍7.1倍5.6倍5.4倍5.7倍6.0倍4.9倍5.2倍5.6倍5.2倍-
配当金-38.0円---40.0円---44.0円--44.0円
配当利回り1.4%1.6%1.9%1.8%2.3%2.4%2.2%2.1%2.5%3.0%2.9%3.1%-
配当性向-29.5%---27.2%---32.9%---
自己資本配当率2.7%2.7%2.8%2.7%2.7%2.8%3.1%3.1%3.0%3.0%3.0%3.0%-
ROE9.1%9.1%10.2%10.0%10.0%10.4%10.9%10.8%9.0%9.2%9.1%9.0%-
純利益率(再掲)3.4%3.3%4.0%3.8%3.9%3.9%3.9%3.2%3.9%3.8%2.5%2.9%-
総資産回転率1.1回1.1回1.1回1.0回1.0回0.9回1.0回1.0回0.9回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2.5倍2.6倍2.8倍2.8倍3.0倍2.7倍2.7倍2.7倍2.6倍-
実質ROE9.0%8.9%10.1%9.9%9.9%10.3%10.7%10.7%8.9%9.1%9.1%8.9%-
ROIC6.5%6.0%6.6%6.5%6.2%5.3%6.5%5.9%5.4%5.5%5.4%5.4%-
ROA3.7%3.6%4.1%4.0%3.9%3.7%3.9%3.6%3.3%3.4%3.4%3.4%-
β1.011.050.960.950.991.091.091.091.060.920.880.88-
βの決定係数(R2)0.520.550.490.480.560.630.620.610.540.480.480.45-
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32,54123,29823,82423,00225,29232,10832,57936,63741,30841,86136,10136,484-
売上債権179,025185,216179,104175,254186,730184,887173,461171,004190,362187,402166,906166,084-
棚卸資産55,91453,24057,13160,19463,28760,14560,95161,91968,88864,41569,58870,089-
有価証券-----6,5536,1667,2367,1775,7943,4013,642-
前払金-------------
繰延税金資産-4,428-----------
貸倒引当金-1,441-1,781-2,082-2,210-2,220-2,343-------
流動資産288,648282,991283,070279,385297,190313,971297,847302,842342,661333,277312,349310,399-
固定資産
建物・構築物59,93561,08961,77662,67373,60476,760-------
機械・運搬具76,13578,52879,54780,47881,12486,876-------
土地72,18874,73575,36275,88976,94284,173-------
建設仮勘定-33,847---52,134-------
有形固定資産251,250274,277280,705287,591295,357332,093342,980357,959376,306380,284390,769397,651-
のれん17,97217,40816,97316,44115,98314,62923,32544,85066,18419,35260,05660,551-
無形固定資産31,93431,59430,97630,67130,04214,62914,44315,82318,49419,35222,44922,715-
投資有価証券83,45679,27082,57991,67394,23177,349-------
繰延税金資産-5,260---7,4897,5397,6957,6217,3287,2927,231-
貸倒引当金-1,340-1,578-1,582-1,519-1,531-3,045-------
敷金および保証金-------------
投資その他の資産112,105104,236108,008117,665120,309108,798-------
固定資産395,290410,109419,691435,927445,709471,972483,892531,551567,780566,422578,323586,543-
総資産683,938693,101702,761715,313742,899785,944781,739834,393910,441899,699890,673896,942-
 
負債
有利子負債合計171,464203,180195,067197,724220,537316,208249,492303,029300,047301,034303,533298,334-
仕入債務112,227114,429111,840112,609121,445156,357144,319131,776146,753137,945124,750126,373-
前受金-------------
未払法人税等5,1628,0093,2737,1544,7737,2663,5987,6785,1298,5103,9497,452-
繰延税金負債(固定)-10,635---4,7455,3217,2579,8339,25211,01611,171-
負債386,285398,456405,741410,963439,792490,934484,510532,176551,976547,884537,240536,687-
 
純資産
資本金32,26332,26332,26332,26332,26332,26332,26332,26355,85555,85555,85555,855-
資本剰余金37,75637,06037,11737,13237,05636,67536,41732,99154,81351,07751,26650,819-
利益剰余金202,260209,570211,100217,132220,424208,183210,152214,905222,378228,854224,884231,013-
自己株式-4,192-4,089-3,908-3,812-3,584-3,463-3,228-3,037-2,781-2,556-2,367-2,273-
非支配株主持分22,02916,31115,05915,64415,81416,95616,94019,54319,90319,82220,64121,025-
純資産297,652294,644297,020304,350303,106295,009297,228302,217358,465351,815353,432360,254-
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30,38640,5019,89719,33631,30442,11111,12021,87638,44249,8308,46018,825-
減価償却費-27,1197,45314,95622,64130,7768,11517,41525,49134,9949,36218,916-
のれん償却額-2,544-1,178-2,676-------
減損損失-777---855-------
受取利息及び受取配当金--1,031-503-576-923-1,173-478-579-947-1,266-447-539-
売上債権の増減額--25,096-10,069-2,80016,13221,297-11,51022,45523,515-
棚卸資産の増減額--3,076-3,622-5,374-8,717-3,797-4,818-5,098-8,404-3,741-4,952-5,343-
仕入債務の増減額-17,435--1,985-10,334-12,696-21,457--19,662-13,423-9,951-
営業CF-47,7648,32625,25934,42761,2128,04818,88123,65143,78413,82638,808-
投資CF
有価証券の取得0-4,888-1,649-10,252-20,048-7,610-1,662-13,004-2,994-8,658-922-767-
有価証券の売却・償還02,2070001,278000000-
固定資産の購入0-58,908-14,144-26,026-42,885-74,155-17,964-37,007-49,349-64,187-12,613-29,159-
固定資産の売却04,378036901,318000000-
貸付け---2,923-6,232-7,694-19,389-2,956-6,345-12,072-17,113-1,035-1,163-
貸付金の回収--2,8936,1357,38119,0752,5535,97911,84518,516140324-
投資CF--61,637-15,777-35,687-61,725-91,615-4,862-61,848-97,578-115,597-16,092-32,487-
財務CF
短期借入金の純増減額-3,75817,6917,12116,99719,81479853,77258,69413,105-9,311-15,051-
長期借入れ-32,89390012,48131,18846,8863,5346,3377,80749,4762,01829,516-
長期借入金の返済--26,667-5,908-13,554-20,092-25,826-1,745-4,924-16,220-21,633-2,389-19,896-
社債の発行-10,000-10,00010,00010,000---10,00010,00010,000-
社債の償還------------10,000-
自己株式の取得--8--2--4-------
自己株式の売却-564-280-633-------
配当金の支払--7,272-3,766-4,120-7,554-7,868-3,761-4,005-7,700-8,029-5,000-5,456-
財務CF-4,4898,0269,87529,05239,045-2,95747,44382,28380,981-4,340-12,760-
換算差額--104-82-91-121-266-46-1,346-723-669-16551-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額061,30914,14426,02642,88582,26917,96437,00749,34962,90012,61329,159-
研究開発費-----2,859---3,422---
発行済株式総数195,314,830株195,384,551株195,490,000株195,551,758株195,684,752株195,761,919株195,899,482株196,044,297株227,244,741株227,392,253株227,502,573株227,592,161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-14,265人---15,825人---18,211人---
売上/従業員(千円)-52,826---46,906---44,428---
営利/従業員(千円)-2,972---2,705---2,779---
四半期売上(百万円)
売上5y CAGR・予想:5.2 %
四半期利益(百万円)
営利5y CAGR・予想:4.9 %
純利5y CAGR・予想:6.7 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上195,046199,822170,950176,761190,104204,473183,313202,038206,726217,006180,259194,164820,000
前期比111.2%110.3%96.1%97.8%97.5%102.3%107.2%114.3%108.7%106.1%98.3%96.1%101.3%
売上原価152,750157,329132,861137,135148,097159,311142,575158,604157,738169,546139,585151,026-
売上総利益42,29542,49438,08839,62742,00645,16340,73743,43548,98847,46040,67443,138-
%21.7%21.3%22.3%22.4%22.1%22.1%22.2%21.5%23.7%21.9%22.6%22.2%-
販管費30,25729,79028,95929,54929,69233,03531,62032,93335,64135,18932,93033,966-
営業利益12,03712,7059,6889,78711,98311,34110,97111,16216,68811,7958,71910,84250,000
前期比106.3%99.7%120.9%101.5%99.6%89.3%113.2%114.0%139.3%104.0%79.5%97.1%98.8%
%6.2%6.4%5.7%5.5%6.3%5.5%6.0%5.5%8.1%5.4%4.8%5.6%6.1%
受取利息および受取配当金00511000-000-0-
持分法による投資利益33194558267262598465261416463376455-
営業外収益1,2361,5311,7851,5171,3461,976-000-0-
支払利息288315281303308546-000-0-
持分法による投資損失00-000-000-0-
営業外費用6299536936747971,063-000-0-
経常利益12,64313,2849,8979,43911,96810,80711,12010,75616,56611,3888,46010,365-
固定資産売却益166263266958-000-0-
投資有価証券売却益31,150101300337-000-0-
特別利益1692,19342247135409-000-0-
固定資産売却損00-000-000-0-
投資有価証券売却損01,811-000-000-0-
減損損失0777-00855-000-0-
特別損失4655,3602181,0871,3305,337-000-0-
税引前利益12,34910,1159,8979,43911,96810,80711,12010,75616,56611,3888,46010,365-
法人税等3,8213,3883,4303,3643,9533983,4433,8904,3904,3623,2283,812-
%30.9%33.5%34.7%35.6%33.0%3.7%31.0%36.2%26.5%38.3%38.2%36.8%-
当期純利益8,5286,7286,9286,6138,3038,2957,6306,83312,1196,9445,2216,537-
非支配株主に帰属する当期純利益6833181572643975064871,777996-165769278-
親会社株主に帰属する当期純利益7,8466,4106,7706,3497,9077,7897,1435,05611,1237,1084,4516,25929,000
前期比97.9%160.4%140.4%104.2%100.8%121.5%105.5%79.6%140.7%91.3%62.3%123.8%95.3%
%4.0%3.2%4.0%3.6%4.2%3.8%3.9%2.5%5.4%3.3%2.5%3.2%3.5%
 
EBITDA29,69372,06117,14135,60954,09976,25119,08639,54864,31285,61018,08138,477-
EPS128.9円128.8円147.4円147.4円147.3円147.2円155.3円155.2円133.9円133.8円133.8円133.7円118.6円
BPS1,409.2円1,422.6円1,440.3円1,474.3円1,466.0円1,418.2円1,430.8円1,441.9円1,489.9円1,460.0円1,462.8円1,490.5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)760,000760,000820,000820,000820,000820,000830,000830,000830,000830,000810,000810,000820,000
対実績比72.9%99.2%20.8%42.4%65.6%90.5%22.1%46.4%71.3%97.5%22.3%46.2%-
営業利益(期初予)44,00044,00048,50048,50048,50048,50048,00048,00048,00048,00046,00046,00050,000
対実績比67.5%96.4%20.0%40.2%64.9%88.2%22.9%46.1%80.9%105.5%19.0%42.5%-
純利益(期初予)24,00024,00028,00028,00028,00028,00030,00030,00030,00030,00027,00027,00029,000
対実績比78.2%104.9%24.2%46.9%75.1%102.9%23.8%40.7%77.7%101.4%16.5%39.7%-
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2,378円2,076円2,034円2,085円1,665円1,604円1,844円1,932円1,600円1,486円1,521円1,420円-
企業価値590,493544,397577,294578,840500,316509,123645,085645,150580,063597,078613,463585,031-
時価総額464,156405,474397,412407,597325,594313,878360,985378,758313,671337,905346,031323,181-
純有利子負債138,923179,882171,243174,722195,245284,100216,913266,392258,739259,173267,432261,850-
PER(会予)19.3倍16.9倍14.2倍14.6倍11.6倍11.2倍12.0倍12.6倍10.5倍11.3倍12.8倍12.0倍-
PBR1.7倍1.5倍1.4倍1.4倍1.1倍1.1倍1.3倍1.3倍1.1倍1.0倍1.0倍1.0倍-
PER × PBR33.6倍24.9倍20.3倍21.1倍13.1倍12.3倍15.6倍16.9倍11.6倍11.5倍13.3倍11.4倍-
EV/EBITDA(会予)8.2倍7.6倍7.4倍7.4倍6.4倍6.5倍7.9倍7.9倍7.1倍7.2倍7.6倍7.2倍-
PSR(会予)0.6倍0.5倍0.5倍0.5倍0.4倍0.4倍0.4倍0.5倍0.4倍0.4倍0.4倍0.4倍-
PCFR(会予)8.9倍7.8倍6.9倍7.1倍5.6倍5.4倍5.7倍6.0倍4.9倍5.2倍5.6倍5.2倍-
配当金-38.0円---40.0円---44.0円--44.0円
配当利回り1.4%1.6%1.9%1.8%2.3%2.4%2.2%2.1%2.5%3.0%2.9%3.1%-
配当性向-29.5%---27.2%---32.9%---
自己資本配当率2.7%2.7%2.8%2.7%2.7%2.8%3.1%3.1%3.0%3.0%3.0%3.0%-
ROE9.1%9.1%10.2%10.0%10.0%10.4%10.9%10.8%9.0%9.2%9.1%9.0%-
純利益率(再掲)3.4%3.3%4.0%3.8%3.9%3.9%3.9%3.2%3.9%3.8%2.5%2.9%-
総資産回転率1.1回1.1回1.1回1.0回1.0回0.9回1.0回1.0回0.9回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2.5倍2.6倍2.8倍2.8倍3.0倍2.7倍2.7倍2.7倍2.6倍-
実質ROE9.0%8.9%10.1%9.9%9.9%10.3%10.7%10.7%8.9%9.1%9.1%8.9%-
ROIC6.5%6.0%6.6%6.5%6.2%5.3%6.5%5.9%5.4%5.5%5.4%5.4%-
ROA3.7%3.6%4.1%4.0%3.9%3.7%3.9%3.6%3.3%3.4%3.4%3.4%-
β1.011.050.960.950.991.091.091.091.060.920.880.88-
βの決定係数(R2)0.520.550.490.480.560.630.620.610.540.480.480.45-
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32,54123,29823,82423,00225,29232,10832,57936,63741,30841,86136,10136,484-
売上債権179,025185,216179,104175,254186,730184,887173,461171,004190,362187,402166,906166,084-
棚卸資産55,91453,24057,13160,19463,28760,14560,95161,91968,88864,41569,58870,089-
有価証券-----6,5536,1667,2367,1775,7943,4013,642-
前払金-------------
繰延税金資産-4,428-----------
貸倒引当金-1,441-1,781-2,082-2,210-2,220-2,343-------
流動資産288,648282,991283,070279,385297,190313,971297,847302,842342,661333,277312,349310,399-
固定資産
建物・構築物59,93561,08961,77662,67373,60476,760-------
機械・運搬具76,13578,52879,54780,47881,12486,876-------
土地72,18874,73575,36275,88976,94284,173-------
建設仮勘定-33,847---52,134-------
有形固定資産251,250274,277280,705287,591295,357332,093342,980357,959376,306380,284390,769397,651-
のれん17,97217,40816,97316,44115,98314,62923,32544,85066,18419,35260,05660,551-
無形固定資産31,93431,59430,97630,67130,04214,62914,44315,82318,49419,35222,44922,715-
投資有価証券83,45679,27082,57991,67394,23177,349-------
繰延税金資産-5,260---7,4897,5397,6957,6217,3287,2927,231-
貸倒引当金-1,340-1,578-1,582-1,519-1,531-3,045-------
敷金および保証金-------------
投資その他の資産112,105104,236108,008117,665120,309108,798-------
固定資産395,290410,109419,691435,927445,709471,972483,892531,551567,780566,422578,323586,543-
総資産683,938693,101702,761715,313742,899785,944781,739834,393910,441899,699890,673896,942-
 
負債
有利子負債合計171,464203,180195,067197,724220,537316,208249,492303,029300,047301,034303,533298,334-
仕入債務112,227114,429111,840112,609121,445156,357144,319131,776146,753137,945124,750126,373-
前受金-------------
未払法人税等5,1628,0093,2737,1544,7737,2663,5987,6785,1298,5103,9497,452-
繰延税金負債(固定)-10,635---4,7455,3217,2579,8339,25211,01611,171-
負債386,285398,456405,741410,963439,792490,934484,510532,176551,976547,884537,240536,687-
 
純資産
資本金32,26332,26332,26332,26332,26332,26332,26332,26355,85555,85555,85555,855-
資本剰余金37,75637,06037,11737,13237,05636,67536,41732,99154,81351,07751,26650,819-
利益剰余金202,260209,570211,100217,132220,424208,183210,152214,905222,378228,854224,884231,013-
自己株式-4,192-4,089-3,908-3,812-3,584-3,463-3,228-3,037-2,781-2,556-2,367-2,273-
非支配株主持分22,02916,31115,05915,64415,81416,95616,94019,54319,90319,82220,64121,025-
純資産297,652294,644297,020304,350303,106295,009297,228302,217358,465351,815353,432360,254-
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30,38640,5019,89719,33631,30442,11111,12021,87638,44249,8308,46018,825-
減価償却費-27,1197,45314,95622,64130,7768,11517,41525,49134,9949,36218,916-
のれん償却額-2,544-1,178-2,676-------
減損損失0777-00855-000-0-
受取利息及び受取配当金--1,031-503-576-923-1,173-478-579-947-1,266-447-539-
売上債権の増減額--25,096-10,069-2,80016,13221,297-11,51022,45523,515-
棚卸資産の増減額--3,076-3,622-5,374-8,717-3,797-4,818-5,098-8,404-3,741-4,952-5,343-
仕入債務の増減額-17,435--1,985-10,334-12,696-21,457--19,662-13,423-9,951-
営業CF-47,7648,32625,25934,42761,2128,04818,88123,65143,78413,82638,808-
投資CF
有価証券の取得0-4,888-1,649-10,252-20,048-7,610-1,662-13,004-2,994-8,658-922-767-
有価証券の売却・償還02,2070001,278000000-
固定資産の購入0-58,908-14,144-26,026-42,885-74,155-17,964-37,007-49,349-64,187-12,613-29,159-
固定資産の売却04,378036901,318000000-
貸付け---2,923-6,232-7,694-19,389-2,956-6,345-12,072-17,113-1,035-1,163-
貸付金の回収--2,8936,1357,38119,0752,5535,97911,84518,516140324-
投資CF--61,637-15,777-35,687-61,725-91,615-4,862-61,848-97,578-115,597-16,092-32,487-
財務CF
短期借入金の純増減額-3,75817,6917,12116,99719,81479853,77258,69413,105-9,311-15,051-
長期借入れ-32,89390012,48131,18846,8863,5346,3377,80749,4762,01829,516-
長期借入金の返済--26,667-5,908-13,554-20,092-25,826-1,745-4,924-16,220-21,633-2,389-19,896-
社債の発行-10,000-10,00010,00010,000---10,00010,00010,000-
社債の償還------------10,000-
自己株式の取得--8--2--4-------
自己株式の売却-564-280-633-------
配当金の支払--7,272-3,766-4,120-7,554-7,868-3,761-4,005-7,700-8,029-5,000-5,456-
財務CF-4,4898,0269,87529,05239,045-2,95747,44382,28380,981-4,340-12,760-
換算差額--104-82-91-121-266-46-1,346-723-669-16551-
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額061,30914,14426,02642,88582,26917,96437,00749,34962,90012,61329,159-
研究開発費-----2,859---3,422---
発行済株式総数195,314,830株195,384,551株195,490,000株195,551,758株195,684,752株195,761,919株195,899,482株196,044,297株227,244,741株227,392,253株227,502,573株227,592,161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-14,265人---15,825人---18,211人---
売上/従業員(千円)-52,826---46,906---44,428---
営利/従業員(千円)-2,972---2,705---2,779---