通期売上(百万円)
売上5y CAGR・予想:5.1 %
通期利益(百万円)
営利5y CAGR・予想:-18.4 %
純利5y CAGR・予想:-51.2 %
P/L
2018.32019.32020.32021.3E
売上3,730,6904,425,1446,045,8503,900,000
前期比116.9%118.6%136.6%64.5%
売上原価3,236,8083,937,4495,632,657-
売上総利益493,882487,694413,193-
%13.2%11.0%6.8%-
販管費292,559308,374417,053-
営業利益201,323179,319-3,86060,000
前期比148.9%89.1%-2.2%-1,554.4%
%5.4%4.1%-1.5%
受取利息および受取配当金7,42010,56914,331-
持分法による投資利益27,229---
営業外収益40,33816,04729,300-
支払利息9,6558,64813,049-
持分法による投資損失-13,14122,358-
営業外費用15,34526,24539,415-
経常利益226,316169,121-13,97530,000
固定資産売却益1,7114,2432,214-
投資有価証券売却益414358503-
特別利益14,29711,54522,939-
固定資産売却損276211428-
投資有価証券売却損----
減損損失8,72715,8829,044-
特別損失28,44835,96526,190-
税引前利益212,165144,701-17,226-
法人税等45,35757,9193,560-
%21.4%40.0%-20.7%-
当期純利益166,80786,781-20,786-
非支配株主に帰属する当期純利益4,5005,3312,149-
親会社株主に帰属する当期純利益162,30781,450-22,9355,000
前期比184.1%50.2%-28.2%-21.8%
%4.4%1.8%-0.1%
 
EBITDA270,236242,028--
EPS780.5円412.7円-77.2円336.4円
BPS4,177.4円4,267.2円3,868.7円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)3,500,0003,900,0006,790,0003,900,000
対実績比106.6%113.5%89.0%-
営業利益(期初予)124,000154,000220,00060,000
対実績比162.4%116.4%-1.8%-
純利益(期初予)89,000103,000160,0005,000
対実績比182.4%79.1%-14.3%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価4,045円3,705円2,478円-
企業価値1,633,9211,746,5281,908,065-
時価総額841,168731,153736,614-
純有利子負債803,621858,0331,171,451-
PER(会予)5.3倍12.2倍7.4倍-
PBR1.0倍0.8倍0.6倍-
PER × PBR5.2倍10.1倍4.7倍-
EV/EBITDA(会予)5.9倍7.3倍7.1倍-
PSR(会予)0.2倍0.2倍0.1倍-
PCFR(会予)3.6倍5.7倍3.6倍-
配当金80.0円100.0円160.0円160.0円
配当利回り1.2%2.2%6.5%-
配当性向10.2%24.2%-207.4%-
自己資本配当率1.9%2.3%4.1%-
ROE18.7%9.7%--
純利益率(再掲)4.4%1.8%--
総資産回転率1.3回1.5回1.6回-
財務レバレッジ3.4倍3.4倍3.4倍-
実質ROE18.7%9.1%--
ROIC8.9%6.8%--
ROA5.6%2.8%--
β0.730.961.07-
βの決定係数(R2)0.160.200.28-
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88,42491,850132,247-
売上債権486,185453,316593,730-
棚卸資産535,635586,560622,894-
有価証券----
前払金----
繰延税金資産14,730---
貸倒引当金-432-1,101-1,770-
流動資産1,208,2361,225,4271,550,288-
固定資産
建物・構築物183,269172,512255,774-
機械・運搬具185,959182,800267,954-
土地579,743576,288811,627-
建設仮勘定13,05714,85359,167-
有形固定資産1,006,782992,0281,478,122-
のれん6,7237,214167,104-
無形固定資産20,76824,750332,108-
投資有価証券422,436400,847244,007-
繰延税金資産64,79756,619--
貸倒引当金-64-696-1,715-
敷金および保証金----
投資その他の資産684,477648,100526,418-
固定資産1,712,0291,664,8792,336,649-
総資産2,920,2652,890,3073,886,938-
 
負債
有利子負債合計892,045949,8831,303,698-
仕入債務429,550399,176475,664-
前受金----
未払法人税等27,54230,63411,564-
繰延税金負債(固定)12,04410,574--
負債2,014,3352,011,3762,686,374-
 
純資産
資本金168,351168,351168,351-
資本剰余金130,875130,876461,636-
利益剰余金403,745466,750408,064-
自己株式-133-56,022-2,042-
非支配株主持分37,22836,83150,555-
純資産905,929878,9311,200,564-
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212,165144,701-17,226-
減価償却費67,90761,61594,937-
のれん償却額1,0061,0949,675-
減損損失8,72715,8829,044-
受取利息及び受取配当金-7,421-10,569-14,331-
売上債権の増減額-160,14126,741111,785-
棚卸資産の増減額-105,561-53,416212,591-
仕入債務の増減額97,586-25,705-210,465-
営業CF136,760151,015-32,712-
投資CF
有価証券の取得-1,756-6,571-2,122-
有価証券の売却・償還09035,802-
固定資産の購入-59,242-81,204-130,192-
固定資産の売却7,0486,5943,416-
貸付け-22,190-19,716-1,939-
貸付金の回収1,2351,1042,506-
投資CF-89,889-122,284-134,463-
財務CF
短期借入金の純増減額-192,06816,90574,918-
長期借入れ74,25729,100120,999-
長期借入金の返済-70,521-48,845-85,202-
社債の発行10,00020,00030,000-
社債の償還-10,000-25,000-20,000-
自己株式の取得-1-55,889-13,164-
自己株式の売却-04-
配当金の支払-12,316-18,460-34,028-
財務CF-51,915-20,152157,907-
換算差額791-4,669-879-
その他
2018.32019.32020.32021.3E
設備投資額59,37878,347143,036-
研究開発費-15,50019,400-
発行済株式総数207,952,383株197,342,143株297,261,491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8,955人9,476人13,766人-
売上/従業員(千円)416,604466,984439,187-
営利/従業員(千円)22,48218,923-280-
四半期売上(百万円)
売上5y CAGR・予想:5.1 %
四半期利益(百万円)
営利5y CAGR・予想:-18.4 %
純利5y CAGR・予想:-51.2 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上1,697,3822,664,3603,730,6901,004,7222,113,9733,340,1004,425,1441,476,3143,000,0314,560,6736,045,850982,8263,900,000
前期比119.0%117.8%116.9%120.8%124.5%125.4%118.6%146.9%141.9%136.5%136.6%66.6%64.5%
売上原価1,475,0532,297,2243,236,808862,5911,836,6892,975,2823,937,4491,345,0962,740,3264,145,6835,632,657958,058-
売上総利益222,329367,135493,882142,130277,284364,817487,694131,217259,704414,990413,19324,768-
%13.1%13.8%13.2%14.1%13.1%10.9%11.0%8.9%8.7%9.1%6.8%2.5%-
販管費136,211210,688292,55970,661143,587221,573308,37497,236199,403306,800417,05395,555-
営業利益86,117156,446201,32371,469133,696143,244179,31933,98060,301108,190-3,860-70,78760,000
前期比264.7%187.0%148.9%206.7%155.2%91.6%89.1%47.5%45.1%75.5%-2.2%-208.3%-1,554.4%
%5.1%5.9%5.4%7.1%6.3%4.3%4.1%2.3%2.0%2.4%--1.5%
受取利息および受取配当金3,8445,5627,4203,4505,6667,82810,5694,2567,53510,93814,3314,284-
持分法による投資利益7,02417,09027,2299,37018,83015,091-------
営業外収益11,92225,13840,33813,26325,70724,59416,0476,24012,89315,91029,3005,269-
支払利息4,8627,4549,6552,0954,2726,5358,6483,0006,4229,72913,0493,267-
持分法による投資損失------13,1411,26011,57820,73722,35826,744-
営業外費用8,51411,71415,3453,1385,6438,55726,2455,58820,13232,70139,41533,964-
経常利益89,525169,871226,31681,594153,761159,281169,12134,63253,06291,399-13,975-99,48230,000
固定資産売却益9141,6651,7112061,3811,5194,2431,9321,9672,2932,21411-
投資有価証券売却益-203414---358---503--
特別利益92814,02214,2976,6547,8058,51111,54520,50321,23122,63822,939320-
固定資産売却損7913327624127142211262913942823-
投資有価証券売却損-------------
減損損失7817878,7273,0033,1973,27115,8822595999,044--
特別損失1,6002,43428,4483,7305,5986,55035,9652,6055,42911,26326,1904,724-
税引前利益88,853181,458212,16584,517155,967161,242144,70152,53168,864102,773-17,226-103,887-
法人税等28,95232,92645,35727,32349,45854,06257,91915,00421,26136,0813,560-23,111-
%32.6%18.1%21.4%32.3%31.7%33.5%40.0%28.6%30.9%35.1%-20.7%22.2%-
当期純利益59,900148,532166,80757,194106,509107,18086,78137,52647,60366,692-20,786-80,775-
非支配株主に帰属する当期純利益2,5713,4554,5002,1033,0455,4025,3311,5362,2551,7652,149563-
親会社株主に帰属する当期純利益57,329145,076162,30755,090103,464101,77781,45035,98945,34764,927-22,935-81,3395,000
前期比252.0%239.3%184.1%217.2%180.5%70.2%50.2%65.3%43.8%63.8%-28.2%-226.0%-21.8%
%3.4%5.4%4.4%5.5%4.9%3.0%1.8%2.4%1.5%1.4%--0.1%
 
EBITDA120,899156,446270,23671,469165,473143,244242,02833,980112,845108,190---
EPS780.5円780.5円780.5円391.7円401.9円412.7円412.7円-76.0円-76.1円-76.6円-77.2円-77.2円16.8円
BPS3,643.3円4,061.7円4,177.4円4,289.5円4,534.0円4,473.7円4,267.2円4,191.2円4,181.5円4,159.4円3,868.7円3,455.1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)3,500,0003,500,0003,500,0003,900,0003,900,0003,900,0003,900,0006,790,0006,790,0006,790,0006,790,0003,900,0003,900,000
対実績比48.5%76.1%106.6%25.8%54.2%85.6%113.5%21.7%44.2%67.2%89.0%25.2%-
営業利益(期初予)124,000124,000124,000154,000154,000154,000154,000220,000220,000220,000220,00060,00060,000
対実績比69.4%126.2%162.4%46.4%86.8%93.0%116.4%15.4%27.4%49.2%-1.8%-118.0%-
純利益(期初予)89,00089,00089,000103,000103,000103,000103,000160,000160,000160,000160,0005,0005,000
対実績比64.4%163.0%182.4%53.5%100.5%98.8%79.1%22.5%28.3%40.6%-14.3%-1,626.8%-
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3,175円4,525円4,045円3,950円6,010円3,610円3,705円3,240円3,055円3,030円2,478円2,287円-
企業価値1,423,5531,690,5011,633,9211,625,0332,100,5651,633,1061,746,5281,497,4221,995,3941,987,8611,908,0651,895,844-
時価総額507,850940,986841,168821,4121,249,794731,639731,153639,389920,560913,027736,614679,846-
純有利子負債749,515792,753803,621850,771901,4671,015,375858,0331,036,1661,074,8341,087,0751,171,4511,215,998-
PER(会予)5.7倍9.4倍5.3倍8.0倍8.9倍5.2倍12.2倍4.0倍5.8倍9.1倍7.4倍136.0倍-
PBR0.8倍1.2倍1.0倍0.9倍1.4倍0.8倍0.8倍0.8倍0.7倍0.7倍0.6倍0.7倍-
PER × PBR4.8倍11.7倍5.2倍7.5倍12.5倍4.2倍10.1倍3.0倍4.2倍6.6倍4.7倍90.0倍-
EV/EBITDA(会予)7.3倍7.3倍5.9倍7.3倍7.3倍5.7倍7.3倍5.3倍7.1倍8.7倍7.1倍11.5倍-
PSR(会予)0.1倍0.3倍0.2倍0.2倍0.3倍0.2倍0.2倍0.1倍0.1倍0.1倍0.1倍0.2倍-
PCFR(会予)3.2倍5.5倍3.6倍4.8倍6.0倍3.5倍5.7倍2.9倍4.1倍5.6倍3.6倍6.2倍-
配当金--80.0円---100.0円---160.0円-0.0円
配当利回り1.6%1.1%1.2%2.0%1.3%2.2%2.2%3.1%3.3%3.3%6.5%7.0%-
配当性向--10.2%---24.2%----207.4%--
自己資本配当率2.2%2.0%1.9%2.3%2.2%2.2%2.3%3.8%3.8%3.8%4.1%4.6%-
ROE21.4%19.2%18.7%9.1%8.9%9.2%9.7%------
純利益率(再掲)3.4%5.4%4.4%5.5%4.9%3.0%1.8%2.4%1.5%1.4%---
総資産回転率1.4回1.3回1.3回1.6回1.5回1.4回1.5回1.5回1.5回1.5回1.6回1.7回-
財務レバレッジ3.5倍3.4倍3.4倍3.2倍3.2倍3.5倍3.4倍3.2倍3.2倍3.3倍3.4倍3.5倍-
実質ROE21.4%19.2%18.7%9.1%8.6%8.7%9.1%------
ROIC9.4%8.6%8.9%6.7%6.4%6.1%6.8%------
ROA6.1%5.6%5.6%2.9%2.7%2.7%2.8%------
β0.680.690.730.830.930.970.961.061.101.141.070.91-
βの決定係数(R2)0.150.140.160.170.180.210.200.240.260.280.280.23-
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149,583169,73288,42481,22071,812100,40591,850117,816140,626125,225132,247182,030-
売上債権311,090412,029486,185444,595466,429560,901453,316632,567601,486708,216593,730437,157-
棚卸資産423,255497,089535,635555,374633,035574,490586,560794,111766,506802,516622,894479,993-
有価証券-------------
前払金-------------
繰延税金資産--14,730----------
貸倒引当金-795-856-432-434-280-284-1,101-2,732-2,203-1,810-1,770-1,200-
流動資産996,0471,204,0071,208,2361,178,6431,274,9531,342,9731,225,4271,711,6001,701,0441,840,5541,550,2881,302,224-
固定資産
建物・構築物190,347193,890183,269188,794184,601185,895172,512257,092257,647259,442255,774258,867-
機械・運搬具190,347193,890185,959188,794184,601185,895182,800257,092257,647259,442267,954258,867-
土地584,315583,478579,743578,057577,858577,665576,288811,878812,821812,583811,627810,849-
建設仮勘定--13,057---14,853---59,167--
有形固定資産1,014,2711,014,7601,006,7821,002,296999,1101,004,556992,0281,440,7271,437,1371,439,7641,478,1221,461,813-
のれん--6,723---7,214176,279173,687171,148167,104164,555-
無形固定資産21,22420,91720,76822,74822,92722,79524,750340,512336,809332,709332,108329,236-
投資有価証券412,533425,762422,436420,650432,639431,286400,847294,143279,836267,819244,007222,025-
繰延税金資産--64,797---56,619------
貸倒引当金-456-456-64-64-64-62-696-794-775-761-1,715-1,689-
敷金および保証金-------------
投資その他の資産637,743665,588684,477650,386671,234690,393648,100578,317521,685513,048526,418542,370-
固定資産1,673,2391,701,2661,712,0291,675,4321,693,2721,717,7451,664,8792,359,5572,295,6332,285,5222,336,6492,333,420-
総資産2,669,2862,905,2742,920,2652,854,0752,968,2253,060,7192,890,3074,071,1583,996,6774,126,0773,886,9383,635,644-
 
負債
有利子負債合計899,098962,485892,045931,991973,2791,115,780949,8831,153,9821,215,4601,212,3001,303,6981,398,028-
仕入債務291,813405,192429,550367,662413,721381,691399,176576,882562,986627,900475,664352,043-
前受金-------------
未払法人税等32,46925,97527,54241,76842,16039,09730,63436,10620,80524,27611,5649,141-
繰延税金負債(固定)--12,044---10,574------
負債1,876,3732,022,6142,014,3351,925,6122,011,6012,138,3062,011,3762,754,2062,684,5152,829,9852,686,3742,562,975-
 
純資産
資本金168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351-
資本剰余金130,875130,875130,875130,875130,875130,876130,876471,989471,989471,989461,636461,636-
利益剰余金304,907384,759403,745449,855498,301486,560466,750492,685502,063497,500408,064302,897-
自己株式-132-132-133-133-28,102-56,022-56,022-929-2,029-7,603-2,042-2,027-
非支配株主持分35,26938,02537,22836,44537,71739,56836,83152,31652,14450,55550,55545,599-
純資産792,912882,659905,929928,462956,624922,412878,9311,316,9511,312,1611,296,0911,200,5641,072,668-
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88,853181,458212,16584,517155,967161,242144,70152,53168,864102,773-17,226-103,887-
減価償却費34,281-67,907-31,242-61,615-47,701-94,937--
のれん償却額501-1,006-535-1,094-4,843-9,675--
減損損失7817878,7273,0033,1973,27115,8822595999,044--
受取利息及び受取配当金-3,845--7,421--5,667--10,569--7,536--14,331--
売上債権の増減額16,209--160,141-15,636-26,741-102,289-111,785--
棚卸資産の増減額7,838--105,561--99,532--53,416-67,761-212,591--
仕入債務の増減額-39,478-97,586--11,885--25,705--121,395--210,465--
営業CF136,325-136,760-9,134-151,015--53,085--32,712--
投資CF
有価証券の取得-1,2020-1,7560-40-6,5710-1,2010-2,1220-
有価証券の売却・償還0000009030005,8020-
固定資産の購入-27,8050-59,2420-46,8290-81,2040-50,0610-130,1920-
固定資産の売却2,00607,04801,50306,59402,68603,4160-
貸付け-10,922--22,190--10,306--19,716--61--1,939--
貸付金の回収318-1,235-200-1,104-424-2,506--
投資CF-41,376--89,889--67,800--122,284--54,462--134,463--
財務CF
短期借入金の純増減額-103,664--192,068-68,894-16,905-126,857-74,918--
長期借入れ9,403-74,257---29,100-11,704-120,999--
長期借入金の返済-19,512--70,521--13,754--48,845--32,521--85,202--
社債の発行--10,000-20,000-20,000-30,000-30,000--
社債の償還-10,000--10,000--25,000--25,000--20,000--20,000--
自己株式の取得0--1--27,969--55,889--1,142--13,164--
自己株式の売却----0-0-2-4--
配当金の支払-3,998--12,316--8,318--18,460--9,875--34,028--
財務CF-37,132--51,915-44,574--20,152-108,421-157,907--
換算差額-626-791--2,172--4,669--2,451--879--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額27,805059,378046,829078,347050,0610143,0360-
研究開発費------15,500---19,400--
発行済株式総数207,952,644株207,952,503株207,952,383株207,952,343株202,670,063株197,342,163株197,342,143株301,733,961株301,329,072株299,450,553株297,261,491株297,265,493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--8,955人---9,476人---13,766人--
売上/従業員(千円)--416,604---466,984---439,187--
営利/従業員(千円)--22,482---18,923----280--
四半期売上(百万円)
売上5y CAGR・予想:5.1 %
四半期利益(百万円)
営利5y CAGR・予想:-18.4 %
純利5y CAGR・予想:-51.2 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上865,669966,9781,066,3301,004,7221,109,2511,226,1271,085,0441,476,3141,523,7171,560,6421,485,177982,8263,900,000
前期比115.8%115.9%114.7%120.8%128.1%126.8%101.8%146.9%137.4%127.3%136.9%66.6%64.5%
売上原価745,486822,171939,584862,591974,0981,138,593962,1671,345,0961,395,2301,405,3571,486,974958,058-
売上総利益120,183144,806126,747142,130135,15487,533122,877131,217128,487155,286-1,79724,768-
%13.9%15.0%11.9%14.1%12.2%7.1%11.3%8.9%8.4%10.0%-0.1%2.5%-
販管費68,64974,47781,87170,66172,92677,98686,80197,236102,167107,397110,25395,555-
営業利益51,53470,32944,87771,46962,2279,54836,07533,98026,32147,889-112,050-70,78760,000
前期比647.7%137.5%87.0%206.7%120.7%13.6%80.4%47.5%42.3%501.6%-310.6%-208.3%-1,554.4%
%6.0%7.3%4.2%7.1%5.6%0.8%3.3%2.3%1.7%3.1%-7.5%-7.2%1.5%
受取利息および受取配当金0003,4500004,2560004,284-
持分法による投資利益1,72710,06610,1399,3709,460-3,739-15,091-000--
営業外収益4,11113,21615,20013,26312,444-1,113-8,5476,2406,6533,01713,3905,269-
支払利息2,4192,5922,2012,0952,1772,2632,1133,0003,4223,3073,3203,267-
持分法による投資損失000-0013,1411,26010,3189,1591,62126,744-
営業外費用5,1713,2003,6313,1382,5052,91417,6885,58814,54412,5696,71433,964-
経常利益50,47480,34656,44581,59472,1675,5209,84034,63218,43038,337-105,374-99,48230,000
固定資産売却益899751462061,1751382,7241,93235326-7911-
投資有価証券売却益0203211-00358-00503--
特別利益91013,0942756,6541,1517063,03420,5037281,407301320-
固定資産売却損695414324103156926311028923-
投資有価証券売却損000-000-000--
減損損失76467,9403,0031947412,611257048,945--
特別損失1,26883426,0143,7301,86895229,4152,6052,8245,83414,9274,724-
税引前利益50,11692,60530,70784,51771,4505,275-16,54152,53116,33333,909-119,999-103,887-
法人税等16,8813,97412,43127,32322,1354,6043,85715,0046,25714,820-32,521-23,111-
%33.7%4.3%40.5%32.3%31.0%87.3%-23.3%28.6%38.3%43.7%27.1%22.2%-
当期純利益33,23588,63218,27557,19449,315671-20,39937,52610,07719,089-87,478-80,775-
非支配株主に帰属する当期純利益1,2738841,0452,1039422,357-711,536719-490384563-
親会社株主に帰属する当期純利益31,96287,74717,23155,09048,374-1,687-20,32735,9899,35819,580-87,862-81,3395,000
前期比736.8%231.7%62.5%217.2%151.3%-1.9%-118.0%65.3%19.3%-1,160.6%432.2%-226.0%-21.8%
%3.7%9.1%1.6%5.5%4.4%-0.1%-1.9%2.4%0.6%1.3%-5.9%-8.3%0.1%
 
EBITDA120,899156,446270,23671,469165,473143,244242,02833,980112,845108,190---
EPS780.5円780.5円780.5円391.7円401.9円412.7円412.7円-76.0円-76.1円-76.6円-77.2円-77.2円16.8円
BPS3,643.3円4,061.7円4,177.4円4,289.5円4,534.0円4,473.7円4,267.2円4,191.2円4,181.5円4,159.4円3,868.7円3,455.1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)3,500,0003,500,0003,500,0003,900,0003,900,0003,900,0003,900,0006,790,0006,790,0006,790,0006,790,0003,900,0003,900,000
対実績比48.5%76.1%106.6%25.8%54.2%85.6%113.5%21.7%44.2%67.2%89.0%25.2%-
営業利益(期初予)124,000124,000124,000154,000154,000154,000154,000220,000220,000220,000220,00060,00060,000
対実績比69.4%126.2%162.4%46.4%86.8%93.0%116.4%15.4%27.4%49.2%-1.8%-118.0%-
純利益(期初予)89,00089,00089,000103,000103,000103,000103,000160,000160,000160,000160,0005,0005,000
対実績比64.4%163.0%182.4%53.5%100.5%98.8%79.1%22.5%28.3%40.6%-14.3%-1,626.8%-
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3,175円4,525円4,045円3,950円6,010円3,610円3,705円3,240円3,055円3,030円2,478円2,287円-
企業価値1,423,5531,690,5011,633,9211,625,0332,100,5651,633,1061,746,5281,497,4221,995,3941,987,8611,908,0651,895,844-
時価総額507,850940,986841,168821,4121,249,794731,639731,153639,389920,560913,027736,614679,846-
純有利子負債749,515792,753803,621850,771901,4671,015,375858,0331,036,1661,074,8341,087,0751,171,4511,215,998-
PER(会予)5.7倍9.4倍5.3倍8.0倍8.9倍5.2倍12.2倍4.0倍5.8倍9.1倍7.4倍136.0倍-
PBR0.8倍1.2倍1.0倍0.9倍1.4倍0.8倍0.8倍0.8倍0.7倍0.7倍0.6倍0.7倍-
PER × PBR4.8倍11.7倍5.2倍7.5倍12.5倍4.2倍10.1倍3.0倍4.2倍6.6倍4.7倍90.0倍-
EV/EBITDA(会予)7.3倍7.3倍5.9倍7.3倍7.3倍5.7倍7.3倍5.3倍7.1倍8.7倍7.1倍11.5倍-
PSR(会予)0.1倍0.3倍0.2倍0.2倍0.3倍0.2倍0.2倍0.1倍0.1倍0.1倍0.1倍0.2倍-
PCFR(会予)3.2倍5.5倍3.6倍4.8倍6.0倍3.5倍5.7倍2.9倍4.1倍5.6倍3.6倍6.2倍-
配当金--80.0円---100.0円---160.0円-0.0円
配当利回り1.6%1.1%1.2%2.0%1.3%2.2%2.2%3.1%3.3%3.3%6.5%7.0%-
配当性向--10.2%---24.2%----207.4%--
自己資本配当率2.2%2.0%1.9%2.3%2.2%2.2%2.3%3.8%3.8%3.8%4.1%4.6%-
ROE21.4%19.2%18.7%9.1%8.9%9.2%9.7%------
純利益率(再掲)3.4%5.4%4.4%5.5%4.9%3.0%1.8%2.4%1.5%1.4%---
総資産回転率1.4回1.3回1.3回1.6回1.5回1.4回1.5回1.5回1.5回1.5回1.6回1.7回-
財務レバレッジ3.5倍3.4倍3.4倍3.2倍3.2倍3.5倍3.4倍3.2倍3.2倍3.3倍3.4倍3.5倍-
実質ROE21.4%19.2%18.7%9.1%8.6%8.7%9.1%------
ROIC9.4%8.6%8.9%6.7%6.4%6.1%6.8%------
ROA6.1%5.6%5.6%2.9%2.7%2.7%2.8%------
β0.680.690.730.830.930.970.961.061.101.141.070.91-
βの決定係数(R2)0.150.140.160.170.180.210.200.240.260.280.280.23-
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149,583169,73288,42481,22071,812100,40591,850117,816140,626125,225132,247182,030-
売上債権311,090412,029486,185444,595466,429560,901453,316632,567601,486708,216593,730437,157-
棚卸資産423,255497,089535,635555,374633,035574,490586,560794,111766,506802,516622,894479,993-
有価証券-------------
前払金-------------
繰延税金資産--14,730----------
貸倒引当金-795-856-432-434-280-284-1,101-2,732-2,203-1,810-1,770-1,200-
流動資産996,0471,204,0071,208,2361,178,6431,274,9531,342,9731,225,4271,711,6001,701,0441,840,5541,550,2881,302,224-
固定資産
建物・構築物190,347193,890183,269188,794184,601185,895172,512257,092257,647259,442255,774258,867-
機械・運搬具190,347193,890185,959188,794184,601185,895182,800257,092257,647259,442267,954258,867-
土地584,315583,478579,743578,057577,858577,665576,288811,878812,821812,583811,627810,849-
建設仮勘定--13,057---14,853---59,167--
有形固定資産1,014,2711,014,7601,006,7821,002,296999,1101,004,556992,0281,440,7271,437,1371,439,7641,478,1221,461,813-
のれん--6,723---7,214176,279173,687171,148167,104164,555-
無形固定資産21,22420,91720,76822,74822,92722,79524,750340,512336,809332,709332,108329,236-
投資有価証券412,533425,762422,436420,650432,639431,286400,847294,143279,836267,819244,007222,025-
繰延税金資産--64,797---56,619------
貸倒引当金-456-456-64-64-64-62-696-794-775-761-1,715-1,689-
敷金および保証金-------------
投資その他の資産637,743665,588684,477650,386671,234690,393648,100578,317521,685513,048526,418542,370-
固定資産1,673,2391,701,2661,712,0291,675,4321,693,2721,717,7451,664,8792,359,5572,295,6332,285,5222,336,6492,333,420-
総資産2,669,2862,905,2742,920,2652,854,0752,968,2253,060,7192,890,3074,071,1583,996,6774,126,0773,886,9383,635,644-
 
負債
有利子負債合計899,098962,485892,045931,991973,2791,115,780949,8831,153,9821,215,4601,212,3001,303,6981,398,028-
仕入債務291,813405,192429,550367,662413,721381,691399,176576,882562,986627,900475,664352,043-
前受金-------------
未払法人税等32,46925,97527,54241,76842,16039,09730,63436,10620,80524,27611,5649,141-
繰延税金負債(固定)--12,044---10,574------
負債1,876,3732,022,6142,014,3351,925,6122,011,6012,138,3062,011,3762,754,2062,684,5152,829,9852,686,3742,562,975-
 
純資産
資本金168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351168,351-
資本剰余金130,875130,875130,875130,875130,875130,876130,876471,989471,989471,989461,636461,636-
利益剰余金304,907384,759403,745449,855498,301486,560466,750492,685502,063497,500408,064302,897-
自己株式-132-132-133-133-28,102-56,022-56,022-929-2,029-7,603-2,042-2,027-
非支配株主持分35,26938,02537,22836,44537,71739,56836,83152,31652,14450,55550,55545,599-
純資産792,912882,659905,929928,462956,624922,412878,9311,316,9511,312,1611,296,0911,200,5641,072,668-
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88,853181,458212,16584,517155,967161,242144,70152,53168,864102,773-17,226-103,887-
減価償却費34,281-67,907-31,242-61,615-47,701-94,937--
のれん償却額501-1,006-535-1,094-4,843-9,675--
減損損失76467,9403,0031947412,611257048,945--
受取利息及び受取配当金-3,845--7,421--5,667--10,569--7,536--14,331--
売上債権の増減額16,209--160,141-15,636-26,741-102,289-111,785--
棚卸資産の増減額7,838--105,561--99,532--53,416-67,761-212,591--
仕入債務の増減額-39,478-97,586--11,885--25,705--121,395--210,465--
営業CF136,325-136,760-9,134-151,015--53,085--32,712--
投資CF
有価証券の取得-1,2020-1,7560-40-6,5710-1,2010-2,1220-
有価証券の売却・償還0000009030005,8020-
固定資産の購入-27,8050-59,2420-46,8290-81,2040-50,0610-130,1920-
固定資産の売却2,00607,04801,50306,59402,68603,4160-
貸付け-10,922--22,190--10,306--19,716--61--1,939--
貸付金の回収318-1,235-200-1,104-424-2,506--
投資CF-41,376--89,889--67,800--122,284--54,462--134,463--
財務CF
短期借入金の純増減額-103,664--192,068-68,894-16,905-126,857-74,918--
長期借入れ9,403-74,257---29,100-11,704-120,999--
長期借入金の返済-19,512--70,521--13,754--48,845--32,521--85,202--
社債の発行--10,000-20,000-20,000-30,000-30,000--
社債の償還-10,000--10,000--25,000--25,000--20,000--20,000--
自己株式の取得0--1--27,969--55,889--1,142--13,164--
自己株式の売却----0-0-2-4--
配当金の支払-3,998--12,316--8,318--18,460--9,875--34,028--
財務CF-37,132--51,915-44,574--20,152-108,421-157,907--
換算差額-626-791--2,172--4,669--2,451--879--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額27,805059,378046,829078,347050,0610143,0360-
研究開発費------15,500---19,400--
発行済株式総数207,952,644株207,952,503株207,952,383株207,952,343株202,670,063株197,342,163株197,342,143株301,733,961株301,329,072株299,450,553株297,261,491株297,265,493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--8,955人---9,476人---13,766人--
売上/従業員(千円)--416,604---466,984---439,187--
営利/従業員(千円)--22,482---18,923----280--