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:-1.1 %
純利5y CAGR・予想:-1.2 %
P/L
2018.32019.32020.32021.3E
売上344,667363,721333,371323,500
前期比101.7%105.5%91.7%97.0%
売上原価73,91154,88056,782-
売上総利益270,756308,841276,589-
%78.6%84.9%83.0%-
販管費155,537170,30395,094-
営業利益115,219138,537130,628110,300
前期比106.5%120.2%94.3%84.4%
%33.4%38.1%39.2%34.1%
受取利息および受取配当金27,70232,327--
持分法による投資利益----
営業外収益28,32633,256--
支払利息557581--
持分法による投資損失----
営業外費用4,8525,218--
経常利益138,692166,575158,516-
固定資産売却益-2,907--
投資有価証券売却益-17,946--
特別利益-20,854--
固定資産売却損----
投資有価証券売却損794---
減損損失51913,148--
特別損失1,31417,086--
税引前利益137,378170,343158,516-
法人税等28,58937,03736,322-
%31.9%20.8%22.9%-
当期純利益108,788133,306122,194-
非支配株主に帰属する当期純利益-785471-
親会社株主に帰属する当期純利益108,866132,759122,193103,600
前期比129.8%121.9%92.0%84.8%
%24.8%31.6%36.7%32.0%
 
EBITDA124,518134,226144,743155,615
EPS346.3円426.5円402.2円437.8円
BPS1,911.4円2,144.3円2,516.8円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)340,000346,500365,500323,500
対実績比101.4%105.0%91.2%-
営業利益(期初予)112,500119,000147,000110,300
対実績比102.4%116.4%88.9%-
純利益(期初予)92,000111,000133,000103,600
対実績比118.3%119.6%91.9%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価5,491円6,852円5,317円-
企業価値1,645,4731,964,6521,406,359-
時価総額1,742,4332,130,5711,615,220-
純有利子負債-96,960-165,919-208,861-
PER(会予)17.3倍18.0倍12.1倍-
PBR3.0倍3.4倍2.1倍-
PER × PBR51.1倍60.9倍25.7倍-
EV/EBITDA(会予)12.7倍13.7倍9.0倍-
PSR(会予)5.1倍6.0倍4.5倍-
PCFR(会予)14.8倍15.5倍11.0倍-
配当金82.0円94.0円103.0円100.0円
配当利回り1.3%1.2%1.9%-
配当性向23.7%22.0%25.6%-
自己資本配当率4.3%4.4%4.1%-
ROE18.1%19.9%16.0%-
純利益率(再掲)31.6%36.5%36.7%-
総資産回転率0.5回0.5回0.4回-
財務レバレッジ1.2倍1.1倍1.1倍-
実質ROE17.1%19.1%14.5%-
ROIC13.8%15.2%12.3%-
ROA15.1%17.0%14.0%-
β1.070.950.98-
βの決定係数(R2)0.370.380.54-
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140,106193,549208,861-
売上債権64,66859,60279,804-
棚卸資産40,89839,55033,818-
有価証券124,300133,264171,157-
前払金----
繰延税金資産11,761---
貸倒引当金-36-43--
流動資産391,266461,743516,026-
固定資産
建物・構築物118,546115,162--
機械・運搬具85,22885,178--
土地8,3528,437--
建設仮勘定1,0573,908--
有形固定資産75,95674,65371,350-
のれん32,85219,25810,854-
無形固定資産75,06054,76946,536-
投資有価証券155,675151,851--
繰延税金資産-1,7923,048-
貸倒引当金-42-42--
敷金および保証金----
投資その他の資産180,216187,574--
固定資産331,233316,997355,500-
総資産722,500778,741871,526-
 
負債
有利子負債合計29,0577,3520-
仕入債務9,65410,1750-
前受金----
未払法人税等19,51335,87021,886-
繰延税金負債(固定)14,159124373-
負債117,659106,311106,915-
 
純資産
資本金21,27921,27921,279-
資本剰余金20,22720,51220,432-
利益剰余金574,392639,461708,291-
自己株式-36,641-28,882-77,292-
非支配株主持分3,4664,40051-
純資産604,840672,429764,611-
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137,378170,343158,516-
減価償却費15,97216,47914,115-
のれん償却額3,0352,720--
減損損失51913,148--
受取利息及び受取配当金-27,702-32,327-348-
売上債権の増減額5,974-12,43021,371-
棚卸資産の増減額6,552-4,8321,158-
仕入債務の増減額-3,8111,220-5,747-
営業CF129,790145,684131,940-
投資CF
有価証券の取得-33,217-11,9630-
有価証券の売却・償還26,79120,7250-
固定資産の購入-17,012-9,124-11,768-
固定資産の売却1124,2600-
貸付け----
貸付金の回収----
投資CF-51,238-36,349-29,144-
財務CF
短期借入金の純増減額----
長期借入れ----
長期借入金の返済--10,000--
社債の発行----
社債の償還----
自己株式の取得-29,369-50,270-50,159-
自己株式の売却----
配当金の支払-24,235-27,639-31,122-
財務CF-53,893-87,011-88,174-
換算差額-1,5811,076-1,560-
その他
2018.32019.32020.32021.3E
設備投資額-7,9009,954-
研究開発費59,94568,325--
発行済株式総数314,356,138株311,287,414株303,784,083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5,120人5,233人5,222人-
売上/従業員(千円)61,49367,31863,840-
営利/従業員(千円)19,62922,50425,015-
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:-1.1 %
純利5y CAGR・予想:-1.2 %
P/L
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上75,023172,172263,362344,66788,524168,203265,242363,72179,225160,877253,514333,371323,500
前期比102.5%111.0%102.7%101.7%118.0%97.7%100.7%105.5%89.5%95.6%95.6%91.7%97.0%
売上原価19,91839,67156,72373,91111,91324,72440,38054,88012,73527,89840,99456,782-
売上総利益55,105132,500206,638270,75676,610143,478224,861308,84166,489132,978212,519276,589-
%73.5%77.0%78.5%78.6%86.5%85.3%84.8%84.9%83.9%82.7%83.8%83.0%-
販管費39,11676,744116,514155,53748,96486,173127,438170,30337,53274,816113,27095,094-
営業利益15,98855,75690,124115,21927,64657,30497,423138,53728,95758,16199,249130,628110,300
前期比88.6%125.9%102.7%106.5%172.9%102.8%108.1%120.2%104.7%101.5%101.9%94.3%84.4%
%21.3%32.4%34.2%33.4%31.2%34.1%36.7%38.1%36.6%36.2%39.1%39.2%34.1%
受取利息および受取配当金5,95011,36617,73927,70210,20113,15920,51632,3275,7149,69018,446--
持分法による投資利益-------------
営業外収益6,14111,70318,14128,32610,88714,56321,10133,2565,8619,94918,848--
支払利息16020429255789173256581225175--
持分法による投資損失-------------
営業外費用1,0591,8672,7944,8525911,7902,8755,2182,4172,8053,198--
経常利益21,07165,592105,471138,69237,94170,077115,649166,57532,40165,305114,899158,516-
固定資産売却益----2,4622,9202,8702,907--1,251--
投資有価証券売却益------1,49717,946-2,6722,672--
特別利益----2,4622,9204,36820,854-2,6725,255--
固定資産売却損-------------
投資有価証券売却損523685733794--439-530590696--
減損損失--333519---13,148-----
特別損失5236851,0671,3143318261,61117,086530590696--
税引前利益20,54764,907104,404137,37840,07272,172118,406170,34331,87167,386119,459158,516-
法人税等4,51914,61724,70628,5897,59313,78923,60237,0377,50415,81428,65036,322-
%31.9%31.9%31.9%31.9%20.8%20.8%20.8%20.8%21.7%21.7%21.7%22.9%-
当期純利益16,02750,28979,698108,78832,47858,38294,803133,30624,36651,57290,808122,194-
非支配株主に帰属する当期純利益17-46-28-78586486458547-52-43-361-
親会社株主に帰属する当期純利益16,01050,33679,727108,86631,89257,89694,344132,75924,41851,61690,844122,193103,600
前期比127.7%161.3%118.0%129.8%199.2%115.0%118.3%121.9%76.6%89.2%96.3%92.0%84.8%
%24.8%24.8%24.8%24.8%31.6%31.6%31.6%31.6%36.5%36.5%36.5%36.7%32.0%
 
EBITDA124,518124,518124,518124,518134,226134,226134,226134,226157,736157,736157,736144,743155,615
EPS341.5円341.5円343.1円346.3円422.3円422.1円427.0円426.5円392.5円392.4円398.4円402.2円437.8円
BPS1,667.7円1,793.1円1,853.5円1,911.4円1,980.0円2,051.0円2,021.3円2,144.3円2,142.7円2,207.5円2,246.2円2,516.8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)340,000340,000340,000340,000346,500346,500346,500346,500365,500365,500365,500365,500323,500
対実績比22.1%50.6%77.5%101.4%25.5%48.5%76.5%105.0%21.7%44.0%69.4%91.2%-
営業利益(期初予)112,500112,500112,500112,500119,000119,000119,000119,000147,000147,000147,000147,000110,300
対実績比14.2%49.6%80.1%102.4%23.2%48.2%81.9%116.4%19.7%39.6%67.5%88.9%-
純利益(期初予)92,00092,00092,00092,000111,000111,000111,000111,000133,000133,000133,000133,000103,600
対実績比17.4%54.7%86.7%118.3%28.7%52.2%85.0%119.6%18.4%38.8%68.3%91.9%-
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6,259円6,151円6,097円5,491円5,691円7,424円6,271円6,852円6,209円5,999円6,767円5,317円-
企業価値1,916,0811,881,6511,851,3291,645,4731,677,3862,214,6021,791,0191,964,6521,740,1551,642,7821,881,9401,406,359-
時価総額1,995,2921,960,8621,943,8041,742,4331,789,0012,333,7761,972,2462,130,5711,932,7841,868,1172,107,2751,615,220-
純有利子負債-79,211-79,211-92,475-96,960-111,615-119,174-181,227-165,919-192,629-225,335-225,335-208,861-
PER(会予)21.7倍21.3倍19.2倍17.3倍16.1倍20.4倍16.6倍18.0倍14.5倍14.0倍15.6倍12.1倍-
PBR3.8倍3.7倍3.4倍3.0倍3.0倍3.7倍3.1倍3.4倍2.9倍2.7倍3.1倍2.1倍-
PER × PBR81.4倍78.6倍65.4倍51.1倍48.0倍76.4倍50.9倍60.9倍42.1倍38.2倍47.8倍25.7倍-
EV/EBITDA(会予)14.9倍14.6倍14.3倍12.7倍12.2倍15.9倍12.5倍13.7倍10.5倍9.9倍11.1倍9.0倍-
PSR(会予)5.9倍5.8倍5.6倍5.1倍5.2倍6.7倍5.6倍6.0倍5.3倍5.1倍5.7倍4.5倍-
PCFR(会予)18.4倍18.1倍16.6倍14.8倍13.8倍17.5倍14.3倍15.5倍12.7倍12.3倍13.7倍11.0倍-
配当金---82.0円---94.0円---103.0円100.0円
配当利回り1.2%1.2%1.2%1.3%1.4%1.1%1.3%1.2%1.5%1.6%1.4%1.9%-
配当性向---23.7%---22.0%---25.6%-
自己資本配当率4.9%4.6%4.4%4.3%4.7%4.6%4.7%4.4%4.8%4.7%4.6%4.1%-
ROE20.5%19.0%18.5%18.1%21.3%20.6%21.1%19.9%18.3%17.8%17.7%16.0%-
純利益率(再掲)21.3%29.2%30.3%31.6%36.0%34.4%35.6%36.5%30.8%32.1%35.8%36.7%-
総資産回転率0.5回0.5回0.5回0.5回0.5回0.5回0.5回0.5回0.4回0.4回0.4回0.4回-
財務レバレッジ1.2倍1.2倍1.2倍1.2倍1.2倍1.2倍1.2倍1.1倍1.2倍1.1倍1.1倍1.1倍-
実質ROE19.5%18.2%17.4%17.1%20.1%19.3%19.0%19.1%17.6%17.1%16.4%14.5%-
ROIC15.4%14.4%14.0%13.8%15.6%15.4%16.0%15.2%14.1%13.7%13.7%12.3%-
ROA16.6%15.6%15.5%15.1%18.0%17.8%18.5%17.0%16.2%15.7%16.0%14.0%-
β0.991.031.051.070.820.880.950.950.950.980.950.98-
βの決定係数(R2)0.320.330.330.370.280.300.370.380.400.430.430.54-
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109,260122,408126,017140,106147,660194,400173,271193,549194,995226,075231,619208,861-
売上債権56,56456,56469,25764,66853,24063,73048,85559,60265,91844,26944,26979,804-
棚卸資産41,66341,66340,32040,89834,63536,70338,86839,55040,11041,49241,49233,818-
有価証券89,500105,80087,000124,300124,500103,71294,034133,264135,409139,883105,876171,157-
前払金-------------
繰延税金資産---11,761---------
貸倒引当金-34-34-35-36-35-35-35-43-52-46-42--
流動資産327,527366,128366,677391,266400,367406,373392,155461,743443,535480,300461,102516,026-
固定資産
建物・構築物---118,546---115,162-----
機械・運搬具---85,228---85,178-----
土地---8,352---8,437-----
建設仮勘定---1,057---3,908-----
有形固定資産78,22377,94176,64275,95674,84873,57873,53074,65374,16675,04575,60571,350-
のれん36,43035,79335,14132,85232,49832,74231,69219,25818,46617,85025,06510,854-
無形固定資産88,14185,94183,16375,06073,82572,51569,47354,76953,05350,59356,64846,536-
投資有価証券141,556145,787156,216155,675163,180166,117156,029151,851146,500133,712131,953--
繰延税金資産-------1,792---3,048-
貸倒引当金-42-42-42-42-42-42-42-42-42-42-42--
敷金および保証金-------------
投資その他の資産162,850167,302178,105180,216189,613192,610183,448187,574183,875172,528172,082--
固定資産329,215331,184337,911331,233338,287338,705326,451316,997311,096298,167304,336355,500-
総資産656,742697,313704,588722,500738,654745,079718,607778,741754,631778,467765,439871,526-
 
負債
有利子負債合計30,04930,04929,93329,05728,49128,48613,1737,3529207407400-
仕入債務12,49712,4979,8149,6548,0166,8249,16710,1759,4428,5818,5810-
前受金-------------
未払法人税等12,79422,66214,61919,51320,22920,84823,10835,87014,04022,98415,03121,886-
繰延税金負債(固定)---14,159---124---373-
負債121,294121,754112,426117,659111,19295,09085,169106,31182,67786,32975,962106,915-
 
純資産
資本金21,27921,27921,27921,27921,27921,27921,27921,27921,27921,27921,27921,279-
資本剰余金20,22720,26820,59020,22720,51220,51220,51220,51220,51220,51221,29820,432-
利益剰余金511,946546,271563,547574,392592,452617,597640,040639,461648,183675,364698,751708,291-
自己株式-27,114-27,050-37,008-36,641-36,645-42,892-69,302-28,882-28,643-28,266-58,008-77,292-
非支配株主持分3,4003,3583,4633,4664,5174,4104,4064,4004,4234,25914151-
純資産535,448575,558592,162604,840627,462649,988633,438672,429671,954692,137689,477764,611-
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20,54764,907104,404137,37840,07272,172118,406170,34331,87167,386119,459158,516-
減価償却費-7,827-15,972-8,312-16,479-8,220-14,115-
のれん償却額-1,521-3,035-1,499-2,720-890---
減損損失--333519---13,148-----
受取利息及び受取配当金--11,367--27,702--13,159--32,327--9,691--348-
売上債権の増減額--9,985-5,974-4,410--12,430-21,804-21,371-
棚卸資産の増減額-997-6,552--4,108--4,832--1,534-1,158-
仕入債務の増減額--2,118--3,811-1,051-1,220--1,007--5,747-
営業CF-42,817-129,790-68,196-145,684-61,141-131,940-
投資CF
有価証券の取得0-5,6000-33,2170-2,3920-11,9630-51,36600-
有価証券の売却・償還02,296026,79100020,72509,93100-
固定資産の購入0-13,6270-17,0120-4,6620-9,1240-6,9680-11,768-
固定資産の売却084011204,23104,2600700-
貸付け-------------
貸付金の回収-------------
投資CF--42,341--51,238--36,899--36,349-611--29,144-
財務CF
短期借入金の純増減額-------------
長期借入れ-------------
長期借入金の返済--------10,000-----
社債の発行-------------
社債の償還-------------
自己株式の取得----29,369--22,654--50,270--5--50,159-
自己株式の売却-------------
配当金の支払--12,116--24,235--13,815--27,639--15,558--31,122-
財務CF--12,270--53,893--35,503--87,011--15,765--88,174-
換算差額-855--1,581-2,539-1,076--1,455--1,560-
その他
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
設備投資額-------7,900---9,954-
研究開発費-30,099-59,945-38,646-68,325-22,973---
発行済株式総数318,787,586株318,813,241株317,325,344株314,356,138株314,355,548株314,502,657株310,941,513株311,287,414株311,332,805株311,404,677株306,697,623株303,784,083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---5,120人---5,233人---5,222人-
売上/従業員(千円)61,49361,49361,49361,49367,31867,31867,31867,31869,50569,50569,50563,840-
営利/従業員(千円)19,62919,62919,62919,62922,50422,50422,50422,50426,47426,47426,47425,015-
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:-1.1 %
純利5y CAGR・予想:-1.2 %
P/L
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
売上75,02397,14991,19081,30588,52479,67997,03998,47979,22581,65292,63779,857323,500
前期比102.5%118.6%89.9%98.7%118.0%82.0%106.4%121.1%89.5%102.5%95.5%81.1%97.0%
売上原価19,91819,75317,05217,18811,91312,81115,65614,50012,73515,16313,09615,788-
売上総利益55,10577,39574,13864,11876,61066,86881,38383,98066,48966,48979,54164,070-
%73.5%79.7%81.3%78.9%86.5%83.9%83.9%85.3%83.9%81.4%85.9%80.2%-
販管費39,11637,62839,77039,02348,96437,20941,26542,86537,53237,28438,454-18,176-
営業利益15,98839,76834,36825,09527,64629,65840,11941,11428,95729,20441,08831,379110,300
前期比88.6%151.5%79.1%122.7%172.9%74.6%116.7%163.8%104.7%98.5%102.4%76.3%84.4%
%21.3%40.9%37.7%30.9%31.2%37.2%41.3%41.7%36.6%35.8%44.4%39.3%34.1%
受取利息および受取配当金5,95000010,2010005,714000-
持分法による投資利益-000-000-000-
営業外収益6,1415,5626,43810,18510,8873,6766,53812,1555,8614,0888,899-18,848-
支払利息1604488265898483325222924-75-
持分法による投資損失-000-000-000-
営業外費用1,0598089272,0585911,1991,0852,3432,417388393-3,198-
経常利益21,07144,52139,87933,22137,94132,13645,57250,92632,40132,90449,59443,617-
固定資産売却益-0002,462458-5037-01,251-1,251-
投資有価証券売却益-000-01,49716,449-2,6720-2,672-
特別利益-0002,4624581,44816,486-2,6722,583-5,255-
固定資産売却損-000-000-000-
投資有価証券売却損5231624861-0439-43953060106-696-
減損損失-0333186-0013,148-000-
特別損失52316238224733149578515,47553060106-696-
税引前利益20,54744,36039,49732,97440,07232,10046,23451,93731,87135,51552,07339,057-
法人税等4,51910,09810,0893,8837,5936,1969,81313,4357,5048,31012,8367,672-
%22.0%22.8%25.5%11.8%18.9%19.3%21.2%25.9%23.5%23.4%24.7%19.6%-
当期純利益16,02734,26229,40929,09032,47825,90436,42138,50324,36627,20639,23631,386-
非支配株主に帰属する当期純利益17-6318-50586-100-2889-529737-
親会社株主に帰属する当期純利益16,01034,32629,39129,13931,89226,00436,44838,41524,41827,19839,22831,349103,600
前期比127.7%183.9%80.9%178.4%199.2%75.8%124.0%131.8%76.6%104.6%107.6%81.6%84.8%
%21.3%35.3%32.2%35.8%36.0%32.6%37.6%39.0%30.8%33.3%42.3%39.3%32.0%
 
EBITDA124,518124,518124,518124,518134,226134,226134,226134,226157,736157,736157,736144,743155,615
EPS341.5円341.5円343.1円346.3円422.3円422.1円427.0円426.5円392.5円392.4円398.4円402.2円437.8円
BPS1,667.7円1,793.1円1,853.5円1,911.4円1,980.0円2,051.0円2,021.3円2,144.3円2,142.7円2,207.5円2,246.2円2,516.8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)340,000340,000340,000340,000346,500346,500346,500346,500365,500365,500365,500365,500323,500
対実績比22.1%50.6%77.5%101.4%25.5%48.5%76.5%105.0%21.7%44.0%69.4%91.2%-
営業利益(期初予)112,500112,500112,500112,500119,000119,000119,000119,000147,000147,000147,000147,000110,300
対実績比14.2%49.6%80.1%102.4%23.2%48.2%81.9%116.4%19.7%39.6%67.5%88.9%-
純利益(期初予)92,00092,00092,00092,000111,000111,000111,000111,000133,000133,000133,000133,000103,600
対実績比17.4%54.7%86.7%118.3%28.7%52.2%85.0%119.6%18.4%38.8%68.3%91.9%-
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6,259円6,151円6,097円5,491円5,691円7,424円6,271円6,852円6,209円5,999円6,767円5,317円-
企業価値1,916,0811,881,6511,851,3291,645,4731,677,3862,214,6021,791,0191,964,6521,740,1551,642,7821,881,9401,406,359-
時価総額1,995,2921,960,8621,943,8041,742,4331,789,0012,333,7761,972,2462,130,5711,932,7841,868,1172,107,2751,615,220-
純有利子負債-79,211-79,211-92,475-96,960-111,615-119,174-181,227-165,919-192,629-225,335-225,335-208,861-
PER(会予)21.7倍21.3倍19.2倍17.3倍16.1倍20.4倍16.6倍18.0倍14.5倍14.0倍15.6倍12.1倍-
PBR3.8倍3.7倍3.4倍3.0倍3.0倍3.7倍3.1倍3.4倍2.9倍2.7倍3.1倍2.1倍-
PER × PBR81.4倍78.6倍65.4倍51.1倍48.0倍76.4倍50.9倍60.9倍42.1倍38.2倍47.8倍25.7倍-
EV/EBITDA(会予)14.9倍14.6倍14.3倍12.7倍12.2倍15.9倍12.5倍13.7倍10.5倍9.9倍11.1倍9.0倍-
PSR(会予)5.9倍5.8倍5.6倍5.1倍5.2倍6.7倍5.6倍6.0倍5.3倍5.1倍5.7倍4.5倍-
PCFR(会予)18.4倍18.1倍16.6倍14.8倍13.8倍17.5倍14.3倍15.5倍12.7倍12.3倍13.7倍11.0倍-
配当金---82.0円---94.0円---103.0円100.0円
配当利回り1.2%1.2%1.2%1.3%1.4%1.1%1.3%1.2%1.5%1.6%1.4%1.9%-
配当性向---23.7%---22.0%---25.6%-
自己資本配当率4.9%4.6%4.4%4.3%4.7%4.6%4.7%4.4%4.8%4.7%4.6%4.1%-
ROE20.5%19.0%18.5%18.1%21.3%20.6%21.1%19.9%18.3%17.8%17.7%16.0%-
純利益率(再掲)21.3%29.2%30.3%31.6%36.0%34.4%35.6%36.5%30.8%32.1%35.8%36.7%-
総資産回転率0.5回0.5回0.5回0.5回0.5回0.5回0.5回0.5回0.4回0.4回0.4回0.4回-
財務レバレッジ1.2倍1.2倍1.2倍1.2倍1.2倍1.2倍1.2倍1.1倍1.2倍1.1倍1.1倍1.1倍-
実質ROE19.5%18.2%17.4%17.1%20.1%19.3%19.0%19.1%17.6%17.1%16.4%14.5%-
ROIC15.4%14.4%14.0%13.8%15.6%15.4%16.0%15.2%14.1%13.7%13.7%12.3%-
ROA16.6%15.6%15.5%15.1%18.0%17.8%18.5%17.0%16.2%15.7%16.0%14.0%-
β0.991.031.051.070.820.880.950.950.950.980.950.98-
βの決定係数(R2)0.320.330.330.370.280.300.370.380.400.430.430.54-
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109,260122,408126,017140,106147,660194,400173,271193,549194,995226,075231,619208,861-
売上債権56,56456,56469,25764,66853,24063,73048,85559,60265,91844,26944,26979,804-
棚卸資産41,66341,66340,32040,89834,63536,70338,86839,55040,11041,49241,49233,818-
有価証券89,500105,80087,000124,300124,500103,71294,034133,264135,409139,883105,876171,157-
前払金-------------
繰延税金資産---11,761---------
貸倒引当金-34-34-35-36-35-35-35-43-52-46-42--
流動資産327,527366,128366,677391,266400,367406,373392,155461,743443,535480,300461,102516,026-
固定資産
建物・構築物---118,546---115,162-----
機械・運搬具---85,228---85,178-----
土地---8,352---8,437-----
建設仮勘定---1,057---3,908-----
有形固定資産78,22377,94176,64275,95674,84873,57873,53074,65374,16675,04575,60571,350-
のれん36,43035,79335,14132,85232,49832,74231,69219,25818,46617,85025,06510,854-
無形固定資産88,14185,94183,16375,06073,82572,51569,47354,76953,05350,59356,64846,536-
投資有価証券141,556145,787156,216155,675163,180166,117156,029151,851146,500133,712131,953--
繰延税金資産-------1,792---3,048-
貸倒引当金-42-42-42-42-42-42-42-42-42-42-42--
敷金および保証金-------------
投資その他の資産162,850167,302178,105180,216189,613192,610183,448187,574183,875172,528172,082--
固定資産329,215331,184337,911331,233338,287338,705326,451316,997311,096298,167304,336355,500-
総資産656,742697,313704,588722,500738,654745,079718,607778,741754,631778,467765,439871,526-
 
負債
有利子負債合計30,04930,04929,93329,05728,49128,48613,1737,3529207407400-
仕入債務12,49712,4979,8149,6548,0166,8249,16710,1759,4428,5818,5810-
前受金-------------
未払法人税等12,79422,66214,61919,51320,22920,84823,10835,87014,04022,98415,03121,886-
繰延税金負債(固定)---14,159---124---373-
負債121,294121,754112,426117,659111,19295,09085,169106,31182,67786,32975,962106,915-
 
純資産
資本金21,27921,27921,27921,27921,27921,27921,27921,27921,27921,27921,27921,279-
資本剰余金20,22720,26820,59020,22720,51220,51220,51220,51220,51220,51221,29820,432-
利益剰余金511,946546,271563,547574,392592,452617,597640,040639,461648,183675,364698,751708,291-
自己株式-27,114-27,050-37,008-36,641-36,645-42,892-69,302-28,882-28,643-28,266-58,008-77,292-
非支配株主持分3,4003,3583,4633,4664,5174,4104,4064,4004,4234,25914151-
純資産535,448575,558592,162604,840627,462649,988633,438672,429671,954692,137689,477764,611-
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20,54764,907104,404137,37840,07272,172118,406170,34331,87167,386119,459158,516-
減価償却費-7,827-15,972-8,312-16,479-8,220-14,115-
のれん償却額-1,521-3,035-1,499-2,720-890---
減損損失-0333186-0013,148-000-
受取利息及び受取配当金--11,367--27,702--13,159--32,327--9,691--348-
売上債権の増減額--9,985-5,974-4,410--12,430-21,804-21,371-
棚卸資産の増減額-997-6,552--4,108--4,832--1,534-1,158-
仕入債務の増減額--2,118--3,811-1,051-1,220--1,007--5,747-
営業CF-42,817-129,790-68,196-145,684-61,141-131,940-
投資CF
有価証券の取得0-5,6000-33,2170-2,3920-11,9630-51,36600-
有価証券の売却・償還02,296026,79100020,72509,93100-
固定資産の購入0-13,6270-17,0120-4,6620-9,1240-6,9680-11,768-
固定資産の売却084011204,23104,2600700-
貸付け-------------
貸付金の回収-------------
投資CF--42,341--51,238--36,899--36,349-611--29,144-
財務CF
短期借入金の純増減額-------------
長期借入れ-------------
長期借入金の返済--------10,000-----
社債の発行-------------
社債の償還-------------
自己株式の取得----29,369--22,654--50,270--5--50,159-
自己株式の売却-------------
配当金の支払--12,116--24,235--13,815--27,639--15,558--31,122-
財務CF--12,270--53,893--35,503--87,011--15,765--88,174-
換算差額-855--1,581-2,539-1,076--1,455--1,560-
その他
17.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q4E
設備投資額-------7,900---9,954-
研究開発費-30,099-59,945-38,646-68,325-22,973---
発行済株式総数318,787,586株318,813,241株317,325,344株314,356,138株314,355,548株314,502,657株310,941,513株311,287,414株311,332,805株311,404,677株306,697,623株303,784,083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---5,120人---5,233人---5,222人-
売上/従業員(千円)61,49361,49361,49361,49367,31867,31867,31867,31869,50569,50569,50563,840-
営利/従業員(千円)19,62919,62919,62919,62922,50422,50422,50422,50426,47426,47426,47425,015-