通期売上(百万円)
売上5y CAGR・予想:6.2 %
通期利益(百万円)
営利5y CAGR・予想:9.1 %
純利5y CAGR・予想:7.0 %
P/L
2018.32019.32020.32021.3E
売上471,488501,243528,873540,000
前期比111.1%106.3%105.5%102.1%
売上原価311,868336,508348,006-
売上総利益159,619164,735180,866-
%33.9%32.9%34.2%-
販管費94,48193,29397,688-
営業利益65,13871,44283,17883,000
前期比111.3%109.7%116.4%99.8%
%13.8%14.3%15.7%15.4%
受取利息および受取配当金1,6741,4091,211-
持分法による投資利益--8-
営業外収益2,0041,7432,068-
支払利息261441389-
持分法による投資損失8118--
営業外費用981776718-
経常利益66,16172,40984,52884,000
固定資産売却益----
投資有価証券売却益22,0789,07919,198-
特別利益22,1049,38520,873-
固定資産売却損153---
投資有価証券売却損521,346509-
減損損失-3,6982,383-
特別損失5,7385,0442,905-
税引前利益82,52776,749102,496-
法人税等26,35625,21332,288-
%31.9%32.9%31.5%-
当期純利益56,17151,53570,208-
非支配株主に帰属する当期純利益1,025604931-
親会社株主に帰属する当期純利益55,14550,93169,27659,000
前期比122.4%92.4%136.0%85.2%
%11.7%10.2%13.1%10.9%
 
EBITDA97,079101,869113,592-
EPS77.2円72.8円116.2円115.7円
BPS586.7円587.7円455.1円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)460,000510,000530,000540,000
対実績比102.5%98.3%99.8%-
営業利益(期初予)64,00070,00076,00083,000
対実績比101.8%102.1%109.4%-
純利益(期初予)46,50050,00055,00059,000
対実績比118.6%101.9%126.0%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価1,680円1,677円2,288円-
企業価値1,144,1131,125,4601,367,346-
時価総額1,198,0131,176,3291,364,111-
純有利子負債-78,894-65,5503,235-
PER(会予)20.3倍22.2倍19.8倍-
PBR2.9倍2.9倍5.0倍-
PER × PBR59.2倍64.7倍99.4倍-
EV/EBITDA(会予)12.4倍11.0倍12.2倍-
PSR(会予)2.6倍2.4倍2.6倍-
PCFR(会予)13.7倍13.8倍13.7倍-
配当金30.0円30.0円32.0円32.0円
配当利回り1.5%1.8%1.4%-
配当性向38.9%41.2%27.5%-
自己資本配当率15.3%15.3%7.0%-
ROE13.2%12.4%25.5%-
純利益率(再掲)11.7%10.2%13.1%-
総資産回転率0.7回0.8回1.0回-
財務レバレッジ1.5倍1.5倍2.0倍-
実質ROE12.0%10.5%20.5%-
ROIC7.8%9.8%13.5%-
ROA8.6%8.3%13.0%-
β0.870.900.76-
βの決定係数(R2)0.410.430.37-
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159,541124,773102,540-
売上債権75,81788,10190,569-
棚卸資産1,1162,1302,613-
有価証券1,2182,1212,301-
前払金5,5256,4456,264-
繰延税金資産11,506---
貸倒引当金-205-207-245-
流動資産298,275285,788259,855-
固定資産
建物・構築物64,22664,64167,361-
機械・運搬具----
土地7,0607,0607,060-
建設仮勘定----
有形固定資産68,52865,37663,422-
のれん36,62427,57220,409-
無形固定資産103,74791,50585,118-
投資有価証券88,99980,20328,512-
繰延税金資産2,6543,658--
貸倒引当金-103-25-39-
敷金および保証金----
投資その他の資産172,566169,522124,755-
固定資産344,842326,404273,295-
総資産643,117612,192533,151-
 
負債
有利子負債合計80,64759,223105,775-
仕入債務22,88227,69825,612-
前受金11,74715,53617,769-
未払法人税等21,2336,43520,772-
繰延税金負債(固定)5,5535,928--
負債210,442187,160245,997-
 
純資産
資本金18,60019,33820,067-
資本剰余金14,77615,55116,111-
利益剰余金393,487423,047302,966-
自己株式-41,218-72,197-66,628-
非支配株主持分12,18813,07515,141-
純資産432,674425,032287,153-
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82,52776,749102,496-
減価償却費31,94130,42730,414-
のれん償却額----
減損損失-3,6982,383-
受取利息及び受取配当金-1,674-1,410-1,212-
売上債権の増減額-13,163-16,5184,267-
棚卸資産の増減額-62-1,045-475-
仕入債務の増減額4,4874,584-1,548-
営業CF73,49356,349102,787-
投資CF
有価証券の取得-13,508-17,268-3,073-
有価証券の売却・償還48,55425,09549,138-
固定資産の購入-38,532-25,500-27,401-
固定資産の売却50252-
貸付け----
貸付金の回収--400-
投資CF-17,882-16,82618,382-
財務CF
短期借入金の純増減額-404-549-
長期借入れ94317,50010,000-
長期借入金の返済-5,732-23,704-4,853-
社債の発行23,908-39,909-
社債の償還--15,000--
自己株式の取得-50,675-36,785-171,058-
自己株式の売却----
配当金の支払-20,817-21,370-19,597-
財務CF-46,829-73,106-139,857-
換算差額-2,529-1,519-3,734-
その他
2018.32019.32020.32021.3E
設備投資額48,30326,27628,496-
研究開発費-3,6654,310-
発行済株式総数714,467,535株699,293,541株596,202,351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12,708人12,578人13,278人-
売上/従業員(千円)37,10239,85139,831-
営利/従業員(千円)5,1265,6806,264-
四半期売上(百万円)
売上5y CAGR・予想:6.2 %
四半期利益(百万円)
営利5y CAGR・予想:9.1 %
純利5y CAGR・予想:7.0 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上341,601471,488117,758240,407367,064501,243129,495259,153390,545528,873131,154266,300540,000
前期比110.7%111.1%110.4%109.2%107.5%106.3%110.0%107.8%106.4%105.5%101.3%102.8%102.1%
売上原価224,792311,86879,308161,024245,989336,50885,392171,679257,149348,00689,272178,783-
売上総利益116,809159,61938,45079,383121,075164,73544,10287,473133,395180,86641,88287,517-
%34.2%33.9%32.7%33.0%33.0%32.9%34.1%33.8%34.2%34.2%31.9%32.9%-
販管費70,19594,48123,11546,27769,65293,29323,74946,56571,28997,68823,70448,204-
営業利益46,61465,13815,33433,10551,42271,44220,35340,90862,10683,17818,17739,31283,000
前期比109.3%111.3%116.9%113.8%110.3%109.7%132.7%123.6%120.8%116.4%89.3%96.1%99.8%
%13.6%13.8%13.0%13.8%14.0%14.3%15.7%15.8%15.9%15.7%13.9%14.8%15.4%
受取利息および受取配当金1,6231,6747098171,3321,4096707681,1391,211453--
持分法による投資利益---------8---
営業外収益1,8522,0047689351,5101,7439691,3471,6152,068728878-
支払利息17426112323833544183196295389103202-
持分法による投資損失39817915816918642948-78--
営業外費用7649812384537527761604816307185641,217-
経常利益47,70266,16115,86533,58852,18072,40921,16241,77463,09084,52818,34238,97384,000
固定資産売却益-------------
投資有価証券売却益20,27122,0781,1441,1449,0759,079-19,09819,16219,198321--
特別利益20,28722,1041,2661,2669,3869,3851419,11219,26920,873623596-
固定資産売却損-153-----------
投資有価証券売却損545239461,1431,346241969509172--
減損損失-----3,698---2,383---
特別損失545,73839461,1435,0442419812,905172225-
税引前利益67,93582,52717,09234,80860,42376,74921,15260,86782,278102,49618,79239,345-
法人税等21,79326,3565,79911,62520,21825,2136,79119,68026,23132,2886,58313,237-
%32.1%31.9%33.9%33.4%33.5%32.9%32.1%32.3%31.9%31.5%35.0%33.6%-
当期純利益46,14156,17111,29323,18240,20551,53514,36141,18756,04770,20812,20926,107-
非支配株主に帰属する当期純利益8381,025131240355604115293442931-407--
親会社株主に帰属する当期純利益45,30355,14511,16122,94239,84950,93114,24540,89355,60469,27612,61626,02759,000
前期比112.5%122.4%115.5%68.7%88.0%92.4%127.6%178.2%139.5%136.0%88.6%63.6%85.2%
%13.3%11.7%9.5%9.5%10.9%10.2%11.0%15.8%14.2%13.1%9.6%9.8%10.9%
 
EBITDA68,02997,07922,74048,53274,309101,86928,16656,07284,766113,59225,80154,866-
EPS77.3円77.2円71.6円72.3円72.6円72.8円99.8円116.6円116.4円116.2円116.1円115.8円98.6円
BPS576.7円586.7円584.3円600.3円574.8円587.7円582.6円434.1円450.7円455.1円470.1円499.1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)460,000460,000510,000510,000510,000510,000530,000530,000530,000530,000540,000540,000540,000
対実績比74.3%102.5%23.1%47.1%72.0%98.3%24.4%48.9%73.7%99.8%24.3%49.3%-
営業利益(期初予)64,00064,00070,00070,00070,00070,00076,00076,00076,00076,00083,00083,00083,000
対実績比72.8%101.8%21.9%47.3%73.5%102.1%26.8%53.8%81.7%109.4%21.9%47.4%-
純利益(期初予)46,50046,50050,00050,00050,00050,00055,00055,00055,00055,00059,00059,00059,000
対実績比97.4%118.6%22.3%45.9%79.7%101.9%25.9%74.4%101.1%126.0%21.4%44.1%-
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1,747円1,680円1,790円1,913円1,358円1,677円1,727円2,151円2,338円2,288円2,927円3,095円-
企業価値1,184,9451,144,1131,199,9901,311,219894,4421,125,4601,142,1301,310,9571,422,0221,367,3461,753,2781,852,993-
時価総額1,251,3181,198,0131,278,8841,360,251957,3281,176,3291,207,6801,277,5551,388,6201,364,1111,747,0291,852,209-
純有利子負債-53,900-78,894-49,032-62,886-50,869-65,550-71,58633,40226,4643,2356,249784-
PER(会予)21.2倍20.3倍25.6倍27.2倍18.1倍22.2倍22.0倍19.4倍20.4倍19.8倍29.6倍31.4倍-
PBR3.0倍2.9倍3.1倍3.3倍2.3倍2.9倍2.9倍5.0倍5.4倍5.0倍6.2倍6.2倍-
PER × PBR64.5倍59.2倍78.0倍89.1倍40.9倍64.7倍64.5倍95.9倍110.0倍99.4倍184.3倍194.7倍-
EV/EBITDA(会予)12.8倍12.4倍11.8倍12.9倍8.8倍11.0倍10.7倍12.3倍12.9倍12.2倍15.5倍16.3倍-
PSR(会予)2.7倍2.6倍2.5倍2.7倍1.9倍2.4倍2.3倍2.4倍2.6倍2.6倍3.2倍3.4倍-
PCFR(会予)14.3倍13.7倍15.6倍16.6倍11.3倍13.8倍14.1倍13.2倍14.1倍13.7倍19.5倍20.7倍-
配当金-30.0円---30.0円---32.0円--34.0円
配当利回り1.5%1.5%1.7%1.6%2.2%1.8%1.7%1.4%1.3%1.4%1.1%1.0%-
配当性向-38.9%---41.2%---27.5%---
自己資本配当率15.6%15.3%15.4%15.0%15.7%15.3%5.5%7.4%7.1%7.0%6.8%6.4%-
ROE13.4%13.2%12.3%12.0%12.6%12.4%17.1%26.9%25.8%25.5%24.7%23.2%-
純利益率(再掲)13.3%11.7%9.5%9.5%10.9%10.2%11.0%15.8%14.2%13.1%9.6%9.8%-
総資産回転率0.8回0.7回0.8回0.8回0.9回0.8回0.9回1.1回1.0回1.0回1.0回1.0回-
財務レバレッジ1.5倍1.5倍1.5倍1.5倍1.5倍1.5倍1.5倍1.9倍1.9倍2.0倍1.9倍1.9倍-
実質ROE11.1%12.0%11.0%10.5%10.8%10.5%14.3%13.9%20.6%20.5%20.0%--
ROIC8.3%7.8%9.4%9.5%9.9%9.8%11.0%13.9%13.5%13.5%12.6%12.1%-
ROA9.0%8.6%8.2%8.2%8.7%8.3%11.8%13.9%13.6%13.0%13.3%12.5%-
β0.900.870.780.720.840.900.850.760.770.760.800.80-
βの決定係数(R2)0.400.410.340.300.400.430.450.350.340.370.390.37-
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112,305159,541127,801125,547112,368124,773129,45573,94881,715102,540117,134122,395-
売上債権46,25575,81744,22561,01053,43188,10146,44866,13453,88990,56952,75463,631-
棚卸資産1,2061,1161,1571,2371,2732,1301,5821,6932,2742,6132,6541,410-
有価証券4,3781,2181,6161,1542,1452,1213,2433,0032,0022,3011,000--
前払金6,3365,5257,9127,1976,7536,4458,6077,7466,9136,2648,268--
繰延税金資産9,17611,506-----------
貸倒引当金-163-205-165-200-185-207-210-208-220-245-225--
流動資産264,210298,275269,218260,791252,303285,788262,802214,483220,974259,855244,185273,235-
固定資産
建物・構築物64,97164,22664,17564,23264,51064,64165,07464,96866,97367,36168,364--
機械・運搬具-------------
土地7,5267,0607,0607,0607,0607,0607,0607,0607,0607,0607,0607,060-
建設仮勘定-------------
有形固定資産70,16768,52867,54866,53365,14665,37664,43164,63164,34363,42263,42962,752-
のれん43,03236,62438,10335,42132,54227,57225,72924,23424,90620,40921,16220,900-
無形固定資産110,608103,747101,870102,35997,87991,50589,02588,32191,82085,11887,28986,652-
投資有価証券93,20788,99993,651102,09980,70280,20380,65532,38234,05328,51230,221--
繰延税金資産1,6322,6542,7492,6782,7123,658-------
貸倒引当金-104-103-98-97-95-25-24-24-65-39-20--
敷金および保証金-------------
投資その他の資産169,443172,566179,183188,832169,893169,522172,308129,830134,102124,755127,930--
固定資産350,220344,842348,601357,726332,918326,404325,765282,784290,267273,295278,649280,181-
総資産614,430643,117617,820618,518585,222612,192588,567497,267511,241533,151522,835553,417-
 
負債
有利子負債合計58,40580,64778,76962,66161,49959,22357,869107,350108,179105,775123,383123,179-
仕入債務19,84222,88220,62320,86621,54327,69821,43620,80121,97625,61220,52922,129-
前受金9,43811,74710,61011,57810,54415,53611,29410,2119,24317,76912,636--
未払法人税等16,20721,2334,52110,4605,4396,4356,95720,09817,56320,7728,351--
繰延税金負債(固定)12,6865,5535,6849,9232,4105,928-------
負債189,845210,442188,450181,627168,027187,160170,360225,394227,564245,997237,576251,272-
 
純資産
資本金18,60018,60018,60019,33819,33819,33819,33820,06720,06720,06720,06721,175-
資本剰余金14,92814,77614,75915,58115,52015,55115,63816,36616,25816,11117,149--
利益剰余金424,831393,487393,830405,515411,961423,047426,743453,382289,466302,966305,236318,682-
自己株式-83,994-41,218-48,383-61,514-67,678-72,197-81,375-239,899-68,431-66,628-65,542--
非支配株主持分12,01112,18812,56412,71612,84713,07512,97013,20314,72415,1414,0062,900-
純資産424,585432,674429,369436,890417,195425,032418,206271,873283,677287,153285,259302,144-
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67,93582,52717,09234,80860,42376,74921,15260,86782,278102,49618,792--
減価償却費21,41531,9417,40615,42722,88730,4277,81315,16422,66030,4147,62415,554-
のれん償却額-------------
減損損失-----3,698---2,383---
受取利息及び受取配当金-1,624-1,674-709-817-1,333-1,410-671-769-1,140-1,212-453--
売上債権の増減額-177-13,16322,4672,030181-16,51825,13613,60216,1894,26728,827--
棚卸資産の増減額-126-62-42-119-182-1,04550636423-47579--
仕入債務の増減額5,9484,4871,171-6862,2894,584-2,242-5,540-2,113-1,548-3,002--
営業CF44,60473,493-6,71424,35533,40556,34935,37952,89874,856102,78721,62332,550-
投資CF
有価証券の取得-9,483-13,508-2,172-5,264-13,016-17,268-1,095-1,221-2,569-3,073-560-
有価証券の売却・償還39,01948,5542,6877,22217,93425,0951,00646,75049,01349,1381,7100-
固定資産の購入-31,533-38,532-6,737-13,309-19,307-25,500-7,717-14,424-20,809-27,401-7,988-14,747-
固定資産の売却25020445000200-
貸付け-------------
貸付金の回収---------400---
投資CF-15,286-17,882-5,600-11,048-13,447-16,826-7,86030,32423,34418,382-6,456-12,097-
財務CF
短期借入金の純増減額---412-6563540413-1,115-585-549-2,064--
長期借入れ945943---17,500-10,00010,00010,000---
長期借入金の返済-4,272-5,732-1,272-2,274-3,625-23,704-1,146-2,213-3,765-4,853-1,595--
社債の発行-23,908-----39,87939,87939,909---
社債の償還----15,000-15,000-15,000-----30--
自己株式の取得-50,672-50,675-8,210-22,598-30,201-36,785-11,007-171,057-171,057-171,0580--
自己株式の売却-------------
配当金の支払-20,806-20,817-10,745-10,762-21,360-21,370-10,531-10,547-19,589-19,597-10,254--
財務CF-70,902-46,829-19,538-48,872-66,459-73,106-21,367-132,294-140,616-139,857-2,459-2,851-
換算差額1,237-2,529245935-1,409-1,519-1,363-1,867-947-3,7341,779--
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額31,53348,3036,73713,30919,30726,2767,71714,42420,80928,4967,98814,747-
研究開発費-----3,665---4,310---
発行済株式総数713,110,347株714,467,535株710,939,727株704,788,311株701,594,886株699,293,541株694,057,098株593,935,197株595,043,751株596,202,351株596,866,785株598,452,048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-12,708人---12,578人---13,278人---
売上/従業員(千円)-37,102---39,851---39,831---
営利/従業員(千円)-5,126---5,680---6,264---
四半期売上(百万円)
売上5y CAGR・予想:6.2 %
四半期利益(百万円)
営利5y CAGR・予想:9.1 %
純利5y CAGR・予想:7.0 %
P/L
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上121,387129,887117,758122,649126,657134,179129,495129,658131,392138,328131,154135,146540,000
前期比115.2%112.0%110.4%108.0%104.3%103.3%110.0%105.7%103.7%103.1%101.3%104.2%102.1%
売上原価79,85287,07679,30881,71684,96590,51985,39286,28785,47090,85789,27289,511-
売上総利益41,53542,81038,45040,93341,69243,66044,10243,37145,92247,47141,88245,635-
%34.2%33.0%32.7%33.4%32.9%32.5%34.1%33.5%35.0%34.3%31.9%33.8%-
販管費24,01924,28623,11523,16223,37523,64123,74922,81624,72426,39923,70424,500-
営業利益17,51718,52415,33417,77118,31720,02020,35320,55521,19821,07218,17721,13583,000
前期比107.4%116.7%116.9%111.2%104.6%108.1%132.7%115.7%115.7%105.3%89.3%102.8%99.8%
%14.4%14.3%13.0%14.5%14.5%14.9%15.7%15.9%16.1%15.2%13.9%15.6%15.4%
受取利息および受取配当金007090006700004530-
持分法による投資利益00-000-008-0-
営業外収益518152768167575233969378268453728150-
支払利息61871231159710683113999410399-
持分法による投資損失442797911-15164-3519-4878-78-
営業外費用3682172382152992416032114988564653-
経常利益17,66618,45915,86517,72318,59220,22921,16220,61221,31621,43818,34220,63184,000
固定資産売却益00-000-000-0-
投資有価証券売却益21,8071,14407,9314-19,0986436321-321-
特別利益11,8171,26608,120-11419,0981571,604623-27-
固定資産売却損0153-000-000-0-
投資有価証券売却損1-23971,09720324-550440172-172-
減損損失00-003,698-002,383-0-
特別損失05,6843971,0973,90124-5622,82417253-
税引前利益17,66714,59217,09217,71625,61516,32621,15239,71521,41120,21818,79220,553-
法人税等5,4584,5635,7995,8268,5934,9956,79112,8896,5516,0576,5836,654-
%30.9%31.3%33.9%32.9%33.5%30.6%32.1%32.5%30.6%30.0%35.0%32.4%-
当期純利益12,20910,03011,29311,88917,02311,33014,36126,82614,86014,16112,20913,898-
非支配株主に帰属する当期純利益283187131109115249115178149489-407407-
親会社株主に帰属する当期純利益11,9269,84211,16111,78116,90711,08214,24526,64814,71113,67212,61613,41159,000
前期比104.3%205.7%115.5%49.7%141.8%112.6%127.6%226.2%87.0%123.4%88.6%50.3%85.2%
%9.8%7.6%9.5%9.6%13.3%8.3%11.0%20.6%11.2%9.9%9.6%9.9%10.9%
 
EBITDA68,02997,07922,74048,53274,309101,86928,16656,07284,766113,59225,80154,866-
EPS77.3円77.2円71.6円72.3円72.6円72.8円99.8円116.6円116.4円116.2円116.1円115.8円98.6円
BPS576.7円586.7円584.3円600.3円574.8円587.7円582.6円434.1円450.7円455.1円470.1円499.1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)460,000460,000510,000510,000510,000510,000530,000530,000530,000530,000540,000540,000540,000
対実績比74.3%102.5%23.1%47.1%72.0%98.3%24.4%48.9%73.7%99.8%24.3%49.3%-
営業利益(期初予)64,00064,00070,00070,00070,00070,00076,00076,00076,00076,00083,00083,00083,000
対実績比72.8%101.8%21.9%47.3%73.5%102.1%26.8%53.8%81.7%109.4%21.9%47.4%-
純利益(期初予)46,50046,50050,00050,00050,00050,00055,00055,00055,00055,00059,00059,00059,000
対実績比97.4%118.6%22.3%45.9%79.7%101.9%25.9%74.4%101.1%126.0%21.4%44.1%-
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1,747円1,680円1,790円1,913円1,358円1,677円1,727円2,151円2,338円2,288円2,927円3,095円-
企業価値1,184,9451,144,1131,199,9901,311,219894,4421,125,4601,142,1301,310,9571,422,0221,367,3461,753,2781,852,993-
時価総額1,251,3181,198,0131,278,8841,360,251957,3281,176,3291,207,6801,277,5551,388,6201,364,1111,747,0291,852,209-
純有利子負債-53,900-78,894-49,032-62,886-50,869-65,550-71,58633,40226,4643,2356,249784-
PER(会予)21.2倍20.3倍25.6倍27.2倍18.1倍22.2倍22.0倍19.4倍20.4倍19.8倍29.6倍31.4倍-
PBR3.0倍2.9倍3.1倍3.3倍2.3倍2.9倍2.9倍5.0倍5.4倍5.0倍6.2倍6.2倍-
PER × PBR64.5倍59.2倍78.0倍89.1倍40.9倍64.7倍64.5倍95.9倍110.0倍99.4倍184.3倍194.7倍-
EV/EBITDA(会予)12.8倍12.4倍11.8倍12.9倍8.8倍11.0倍10.7倍12.3倍12.9倍12.2倍15.5倍16.3倍-
PSR(会予)2.7倍2.6倍2.5倍2.7倍1.9倍2.4倍2.3倍2.4倍2.6倍2.6倍3.2倍3.4倍-
PCFR(会予)14.3倍13.7倍15.6倍16.6倍11.3倍13.8倍14.1倍13.2倍14.1倍13.7倍19.5倍20.7倍-
配当金-30.0円---30.0円---32.0円--34.0円
配当利回り1.5%1.5%1.7%1.6%2.2%1.8%1.7%1.4%1.3%1.4%1.1%1.0%-
配当性向-38.9%---41.2%---27.5%---
自己資本配当率15.6%15.3%15.4%15.0%15.7%15.3%5.5%7.4%7.1%7.0%6.8%6.4%-
ROE13.4%13.2%12.3%12.0%12.6%12.4%17.1%26.9%25.8%25.5%24.7%23.2%-
純利益率(再掲)13.3%11.7%9.5%9.5%10.9%10.2%11.0%15.8%14.2%13.1%9.6%9.8%-
総資産回転率0.8回0.7回0.8回0.8回0.9回0.8回0.9回1.1回1.0回1.0回1.0回1.0回-
財務レバレッジ1.5倍1.5倍1.5倍1.5倍1.5倍1.5倍1.5倍1.9倍1.9倍2.0倍1.9倍1.9倍-
実質ROE11.1%12.0%11.0%10.5%10.8%10.5%14.3%13.9%20.6%20.5%20.0%--
ROIC8.3%7.8%9.4%9.5%9.9%9.8%11.0%13.9%13.5%13.5%12.6%12.1%-
ROA9.0%8.6%8.2%8.2%8.7%8.3%11.8%13.9%13.6%13.0%13.3%12.5%-
β0.900.870.780.720.840.900.850.760.770.760.800.80-
βの決定係数(R2)0.400.410.340.300.400.430.450.350.340.370.390.37-
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112,305159,541127,801125,547112,368124,773129,45573,94881,715102,540117,134122,395-
売上債権46,25575,81744,22561,01053,43188,10146,44866,13453,88990,56952,75463,631-
棚卸資産1,2061,1161,1571,2371,2732,1301,5821,6932,2742,6132,6541,410-
有価証券4,3781,2181,6161,1542,1452,1213,2433,0032,0022,3011,000--
前払金6,3365,5257,9127,1976,7536,4458,6077,7466,9136,2648,268--
繰延税金資産9,17611,506-----------
貸倒引当金-163-205-165-200-185-207-210-208-220-245-225--
流動資産264,210298,275269,218260,791252,303285,788262,802214,483220,974259,855244,185273,235-
固定資産
建物・構築物64,97164,22664,17564,23264,51064,64165,07464,96866,97367,36168,364--
機械・運搬具-------------
土地7,5267,0607,0607,0607,0607,0607,0607,0607,0607,0607,0607,060-
建設仮勘定-------------
有形固定資産70,16768,52867,54866,53365,14665,37664,43164,63164,34363,42263,42962,752-
のれん43,03236,62438,10335,42132,54227,57225,72924,23424,90620,40921,16220,900-
無形固定資産110,608103,747101,870102,35997,87991,50589,02588,32191,82085,11887,28986,652-
投資有価証券93,20788,99993,651102,09980,70280,20380,65532,38234,05328,51230,221--
繰延税金資産1,6322,6542,7492,6782,7123,658-------
貸倒引当金-104-103-98-97-95-25-24-24-65-39-20--
敷金および保証金-------------
投資その他の資産169,443172,566179,183188,832169,893169,522172,308129,830134,102124,755127,930--
固定資産350,220344,842348,601357,726332,918326,404325,765282,784290,267273,295278,649280,181-
総資産614,430643,117617,820618,518585,222612,192588,567497,267511,241533,151522,835553,417-
 
負債
有利子負債合計58,40580,64778,76962,66161,49959,22357,869107,350108,179105,775123,383123,179-
仕入債務19,84222,88220,62320,86621,54327,69821,43620,80121,97625,61220,52922,129-
前受金9,43811,74710,61011,57810,54415,53611,29410,2119,24317,76912,636--
未払法人税等16,20721,2334,52110,4605,4396,4356,95720,09817,56320,7728,351--
繰延税金負債(固定)12,6865,5535,6849,9232,4105,928-------
負債189,845210,442188,450181,627168,027187,160170,360225,394227,564245,997237,576251,272-
 
純資産
資本金18,60018,60018,60019,33819,33819,33819,33820,06720,06720,06720,06721,175-
資本剰余金14,92814,77614,75915,58115,52015,55115,63816,36616,25816,11117,149--
利益剰余金424,831393,487393,830405,515411,961423,047426,743453,382289,466302,966305,236318,682-
自己株式-83,994-41,218-48,383-61,514-67,678-72,197-81,375-239,899-68,431-66,628-65,542--
非支配株主持分12,01112,18812,56412,71612,84713,07512,97013,20314,72415,1414,0062,900-
純資産424,585432,674429,369436,890417,195425,032418,206271,873283,677287,153285,259302,144-
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67,93582,52717,09234,80860,42376,74921,15260,86782,278102,49618,792--
減価償却費21,41531,9417,40615,42722,88730,4277,81315,16422,66030,4147,62415,554-
のれん償却額-------------
減損損失00-003,698-002,383-0-
受取利息及び受取配当金-1,624-1,674-709-817-1,333-1,410-671-769-1,140-1,212-453--
売上債権の増減額-177-13,16322,4672,030181-16,51825,13613,60216,1894,26728,827--
棚卸資産の増減額-126-62-42-119-182-1,04550636423-47579--
仕入債務の増減額5,9484,4871,171-6862,2894,584-2,242-5,540-2,113-1,548-3,002--
営業CF44,60473,493-6,71424,35533,40556,34935,37952,89874,856102,78721,62332,550-
投資CF
有価証券の取得-9,483-13,508-2,172-5,264-13,016-17,268-1,095-1,221-2,569-3,073-560-
有価証券の売却・償還39,01948,5542,6877,22217,93425,0951,00646,75049,01349,1381,7100-
固定資産の購入-31,533-38,532-6,737-13,309-19,307-25,500-7,717-14,424-20,809-27,401-7,988-14,747-
固定資産の売却25020445000200-
貸付け-------------
貸付金の回収---------400---
投資CF-15,286-17,882-5,600-11,048-13,447-16,826-7,86030,32423,34418,382-6,456-12,097-
財務CF
短期借入金の純増減額---412-6563540413-1,115-585-549-2,064--
長期借入れ945943---17,500-10,00010,00010,000---
長期借入金の返済-4,272-5,732-1,272-2,274-3,625-23,704-1,146-2,213-3,765-4,853-1,595--
社債の発行-23,908-----39,87939,87939,909---
社債の償還----15,000-15,000-15,000-----30--
自己株式の取得-50,672-50,675-8,210-22,598-30,201-36,785-11,007-171,057-171,057-171,0580--
自己株式の売却-------------
配当金の支払-20,806-20,817-10,745-10,762-21,360-21,370-10,531-10,547-19,589-19,597-10,254--
財務CF-70,902-46,829-19,538-48,872-66,459-73,106-21,367-132,294-140,616-139,857-2,459-2,851-
換算差額1,237-2,529245935-1,409-1,519-1,363-1,867-947-3,7341,779--
その他
17.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額31,53348,3036,73713,30919,30726,2767,71714,42420,80928,4967,98814,747-
研究開発費-----3,665---4,310---
発行済株式総数713,110,347株714,467,535株710,939,727株704,788,311株701,594,886株699,293,541株694,057,098株593,935,197株595,043,751株596,202,351株596,866,785株598,452,048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-12,708人---12,578人---13,278人---
売上/従業員(千円)-37,102---39,851---39,831---
営利/従業員(千円)-5,126---5,680---6,264---