通期売上(百万円)
売上5y CAGR・予想:-2.8 %
通期利益(百万円)
営利5y CAGR・予想:-8.9 %
純利3y CAGR・予想:29.9 %
P/L
2017.122018.122019.122020.12E
売上404,999393,220377,457386,000
前期比106.1%97.1%96.0%102.3%
売上原価268,017259,050246,635-
売上総利益136,982134,169130,822-
%33.8%34.1%34.7%-
販管費91,67491,77992,374-
営業利益45,30842,39038,44744,000
前期比91.9%93.6%90.7%114.4%
%11.2%10.8%10.2%11.4%
受取利息および受取配当金1,9402,0312,116-
持分法による投資利益186194161-
営業外収益3,3033,7854,311-
支払利息2,6302,6002,261-
持分法による投資損失----
営業外費用8,4447,7966,113-
経常利益40,16738,37936,64541,100
固定資産売却益2,534---
投資有価証券売却益2193783,494-
特別利益7,0223783,523-
固定資産売却損----
投資有価証券売却損----
減損損失1,0503,5831,169-
特別損失25,65721,6916,113-
税引前利益21,53217,06734,055-
法人税等5,2415,8948,909-
%24.3%34.5%26.2%-
当期純利益16,29111,17325,146-
非支配株主に帰属する当期純利益814619663-
親会社株主に帰属する当期純利益15,47610,55324,48227,500
前期比-126.2%68.2%232.0%112.3%
%3.8%2.7%6.5%7.1%
 
EBITDA70,84668,18563,609-
EPS121.9円83.1円159.1円141.0円
BPS1,252.7円1,202.8円1,447.2円-
期初会社予想
2017.122018.122019.122020.12E
売上高(期初予)395,000400,000400,000386,000
対実績比102.5%98.3%94.4%-
営業利益(期初予)47,00047,00040,00044,000
対実績比96.4%90.2%96.1%-
純利益(期初予)25,00029,00023,90027,500
対実績比61.9%36.4%102.4%-
配当
ROEデュポン分解
β
マルチプル
2017.122018.122019.122020.12E
株価2,328円1,375円1,575円-
企業価値394,320280,343341,402-
時価総額295,643174,615242,429-
純有利子負債91,352105,21190,394-
PER(会予)14.6倍9.7倍11.2倍-
PBR2.0倍1.1倍1.2倍-
PER × PBR28.7倍10.6倍13.0倍-
EV/EBITDA(会予)5.5倍4.2倍5.4倍-
PSR(会予)0.7倍0.4倍0.6倍-
PCFR(会予)6.6倍4.0倍5.1倍-
配当金45.0円45.0円45.0円45.0円
配当利回り1.9%3.3%2.9%-
配当性向36.9%54.2%28.3%-
自己資本配当率3.6%3.7%3.1%-
ROE9.7%6.9%11.0%-
純利益率(再掲)3.8%2.7%6.5%-
総資産回転率0.9回0.8回0.8回-
財務レバレッジ3.0倍3.1倍2.1倍-
実質ROE9.7%6.9%11.0%-
ROIC14.4%12.6%8.7%-
ROA3.3%2.2%5.2%-
β1.311.271.18-
βの決定係数(R2)0.210.220.23-
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
2017.122018.122019.122020.12E
流動資産
現金28,26831,38525,120-
売上債権79,37181,59375,445-
棚卸資産70,39174,98676,568-
有価証券----
前払金----
繰延税金資産8,9526,394--
貸倒引当金-537-408-444-
流動資産204,349202,779197,271-
固定資産
建物・構築物107,943104,954116,717-
機械・運搬具312,612312,012326,165-
土地20,00919,78319,467-
建設仮勘定4,28516,87912,788-
有形固定資産191,997190,303207,079-
のれん1,5571,3171,122-
無形固定資産7,0376,3686,750-
投資有価証券56,39947,26844,404-
繰延税金資産3,16313,0296,290-
貸倒引当金-164-105-104-
敷金および保証金----
投資その他の資産70,49269,92657,644-
固定資産269,526266,597271,475-
総資産473,876469,377468,746-
 
負債
有利子負債合計119,620136,596115,514-
仕入債務62,58959,57634,137-
前受金----
未払法人税等1,4241,2571,550-
繰延税金負債(固定)11,02310,80412,082-
負債310,061312,125244,237-
 
純資産
資本金30,48430,48455,935-
資本剰余金28,50728,50754,499-
利益剰余金63,04167,88086,110-
自己株式-149-152-154-
非支配株主持分4,7354,5111,747-
純資産163,815157,251224,509-
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21,53217,06734,055-
減価償却費25,53825,79525,162-
のれん償却額----
減損損失1,0503,5831,169-
受取利息及び受取配当金-1,941-2,032-2,117-
売上債権の増減額-1,115-4,1655,583-
棚卸資産の増減額-6,836-7,221-2,151-
仕入債務の増減額1,950-774-25,365-
営業CF13,43019,06311,229-
投資CF
有価証券の取得-18-269-270-
有価証券の売却・償還2227946,582-
固定資産の購入-21,907-28,611-44,994-
固定資産の売却3,439182534-
貸付け----
貸付金の回収----
投資CF-10,633-28,428-38,271-
財務CF
短期借入金の純増減額913-5,049-9,576-
長期借入れ22,56031,06821,564-
長期借入金の返済-28,370-13,931-17,446-
社債の発行----
社債の償還-5,000-5,000--
自己株式の取得----
自己株式の売却----
配当金の支払-5,714-5,714-6,248-
財務CF-13,51312,82920,732-
換算差額963-884-78-
その他
2017.122018.122019.122020.12E
設備投資額22,38129,72242,633-
研究開発費--11,092-
発行済株式総数126,993,423株126,992,304株153,922,807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11,759人11,449人11,840人-
売上/従業員(千円)34,44234,34531,880-
営利/従業員(千円)3,8533,7033,247-
四半期売上(百万円)
売上5y CAGR・予想:-2.8 %
四半期利益(百万円)
営利5y CAGR・予想:-8.9 %
純利3y CAGR・予想:29.9 %
P/L
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
売上404,99993,741185,738285,048393,22090,143178,558277,646377,45782,094150,586246,823340,000
前期比106.1%95.6%96.7%96.5%97.1%96.2%96.1%97.4%96.0%91.1%84.3%88.9%90.1%
売上原価268,01760,997120,276187,236259,05058,453118,618183,620246,63552,860100,789161,139-
売上総利益136,98232,74365,46197,812134,16931,69059,93994,025130,82229,23349,79785,683-
%33.8%34.9%35.2%34.3%34.1%35.2%33.6%33.9%34.7%35.6%33.1%34.7%-
販管費91,67422,14744,65667,07991,77921,51544,59567,55992,37422,29741,86863,637-
営業利益45,30810,59620,80530,73242,39010,17415,34426,46638,4476,9367,92822,04634,000
前期比91.9%87.5%95.3%92.2%93.6%96.0%73.8%86.1%90.7%68.2%51.7%83.3%88.4%
%11.2%11.3%11.2%10.8%10.8%11.3%8.6%9.5%10.2%8.4%5.3%8.9%10.0%
受取利息および受取配当金1,9404451,0751,4872,0314501,1091,5542,1163319681,098-
持分法による投資利益186958114194-7294161687856-
営業外収益3,3038701,9832,7753,7851,1192,3913,1184,3111,0141,9702,503-
支払利息2,6306231,3181,9912,6005331,1181,6762,2615109851,411-
持分法による投資損失-----19-------
営業外費用8,4442,9453,7784,8457,7961,8873,8835,9916,1134,2135,5207,278-
経常利益40,1678,52119,00928,66238,3799,40613,85223,59336,6453,7374,37917,27129,200
固定資産売却益2,534------------
投資有価証券売却益2191632883783781713216333,4941,2551,2651,265-
特別利益7,0221632883783781713216613,5231,2551,2651,265-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失1,050---3,5832244046341,16968187270-
特別損失25,6571,41111,05012,72621,6911,8703,2214,4516,1131,2393,7364,399-
税引前利益21,5327,2728,24716,31417,0677,70710,95219,80234,0553,7531,90814,137-
法人税等5,2412297804,4035,8941,7903,0554,9168,9091,7091,5364,099-
%24.3%3.1%9.5%27.0%34.5%23.2%27.9%24.8%26.2%45.5%80.5%29.0%-
当期純利益16,2917,0437,46611,91011,1735,9177,89714,88625,1462,04337110,038-
非支配株主に帰属する当期純利益814313397646619281376653663-97-14846-
親会社株主に帰属する当期純利益15,4766,7307,06811,26410,5535,6357,52114,23224,4822,1415209,99117,800
前期比-126.2%114.5%63.8%96.4%68.2%83.7%106.4%126.3%232.0%38.0%6.9%70.2%72.7%
%3.8%7.2%3.8%4.0%2.7%6.3%4.2%5.1%6.5%2.6%0.3%4.0%5.2%
 
EBITDA70,84610,59633,44130,73268,18510,17428,10526,46663,6096,93618,45622,046-
EPS121.9円83.1円83.1円83.1円83.1円159.1円159.1円159.1円159.1円159.1円159.0円159.0円90.9円
BPS1,252.7円1,218.9円1,234.0円1,262.6円1,202.8円1,348.3円1,329.5円1,349.2円1,447.2円1,370.8円1,368.7円1,409.6円-
期初会社予想
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
売上高(期初予)395,000400,000400,000400,000400,000400,000400,000400,000400,000386,000386,000386,000340,000
対実績比102.5%23.4%46.4%71.3%98.3%22.5%44.6%69.4%94.4%21.3%39.0%63.9%-
営業利益(期初予)47,00047,00047,00047,00047,00040,00040,00040,00040,00044,00044,00044,00034,000
対実績比96.4%22.5%44.3%65.4%90.2%25.4%38.4%66.2%96.1%15.8%18.0%50.1%-
純利益(期初予)25,00029,00029,00029,00029,00023,90023,90023,90023,90027,50027,50027,50017,800
対実績比61.9%23.2%24.4%38.8%36.4%23.6%31.5%59.5%102.4%7.8%1.9%36.3%-
配当
ROEデュポン分解
β
マルチプル
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
株価2,328円1,832円1,621円2,047円1,375円1,255円1,417円1,366円1,575円1,240円1,441円1,692円-
企業価値394,320324,004298,759352,404280,343264,586284,340309,232341,402288,345314,880344,853-
時価総額295,643232,652205,856259,955174,615159,375218,110210,259242,429190,864221,819260,456-
純有利子負債91,35292,90392,449105,728105,21166,23081,13098,97390,39497,48193,06184,397-
PER(会予)14.6倍8.0倍7.1倍11.8倍9.7倍6.7倍9.1倍8.8倍11.2倍6.9倍-18.6倍-
PBR2.0倍1.5倍1.3倍1.7倍1.1倍1.0倍1.1倍1.0倍1.2倍0.9倍1.1倍1.2倍-
PER × PBR28.7倍11.7倍9.4倍19.6倍10.6倍7.0倍9.6倍8.9倍13.0倍6.3倍-22.3倍-
EV/EBITDA(会予)5.5倍4.5倍4.1倍5.0倍4.2倍4.0倍4.3倍4.7倍5.4倍4.2倍-6.3倍-
PSR(会予)0.7倍0.6倍0.5倍0.7倍0.4倍0.4倍0.5倍0.5倍0.6倍0.5倍-0.8倍-
PCFR(会予)6.6倍4.3倍3.8倍5.5倍4.0倍3.2倍4.4倍4.2倍5.1倍3.6倍8.8倍6.7倍-
配当金45.0円---45.0円---45.0円---45.0円
配当利回り1.9%2.5%2.8%2.2%3.3%3.6%3.2%3.3%2.9%3.6%3.1%2.7%-
配当性向36.9%---54.2%---28.3%----
自己資本配当率3.6%3.7%3.6%3.6%3.7%3.3%3.4%3.3%3.1%3.3%3.3%3.2%-
ROE9.7%6.8%6.7%6.6%6.9%11.8%12.0%11.8%11.0%11.6%11.6%11.3%-
純利益率(再掲)3.8%7.2%3.8%4.0%2.7%6.3%4.2%5.1%6.5%2.6%0.3%4.0%-
総資産回転率0.9回0.9回0.9回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.9回0.8回-
財務レバレッジ3.0倍2.9倍2.9倍3.0倍3.1倍2.3倍2.3倍2.3倍2.1倍2.1倍2.1倍2.1倍-
実質ROE9.7%6.8%6.7%6.6%6.9%11.8%12.0%11.8%11.0%11.6%11.6%11.3%-
ROIC14.4%13.1%13.1%12.2%12.6%9.2%9.2%8.7%8.7%8.9%8.9%8.8%-
ROA3.3%2.3%2.3%2.2%2.2%5.0%5.2%5.1%5.2%5.5%5.6%5.5%-
β1.311.341.241.211.271.311.231.231.181.201.211.31-
βの決定係数(R2)0.210.230.180.180.220.230.210.220.230.270.300.31-
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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
流動資産
現金28,26830,16129,86631,93431,38547,63734,45131,76425,12024,70728,05734,138-
売上債権79,37171,02469,04279,74181,59374,80869,55876,31075,44563,76059,05373,022-
棚卸資産70,39170,35976,34276,00074,98677,01177,89874,68776,56879,89668,97858,695-
有価証券-------------
前払金-------------
繰延税金資産8,952---6,394--------
貸倒引当金-537-397-392-403-408-385-596-542-444-404-354-360-
流動資産204,349195,644200,146211,526202,779214,266199,931199,972197,271184,239172,259179,267-
固定資産
建物・構築物107,94355,43255,66755,678104,95453,67951,98057,708116,71763,26163,12962,604-
機械・運搬具312,61294,64494,21093,784312,01288,22185,62688,326326,16597,39595,77194,412-
土地20,009---19,783---19,467----
建設仮勘定4,285---16,879---12,788----
有形固定資産191,997184,685188,105192,112190,303198,277197,702201,114207,079203,396202,248202,601-
のれん1,5571,4931,4371,3921,3171,2871,1931,1381,1221,026980946-
無形固定資産7,0376,8326,5946,4186,3686,1165,8886,0716,7506,5206,5076,568-
投資有価証券56,39951,91851,45651,58747,26848,01647,33447,81444,40434,64136,26337,209-
繰延税金資産3,163---13,029---6,290----
貸倒引当金-164-160-143-144-105-105-105-104-104-104-104-104-
敷金および保証金-------------
投資その他の資産70,49266,31166,33165,84069,92668,30267,61068,28257,64452,34353,11256,763-
固定資産269,526257,830261,031264,371266,597272,695271,200275,468271,475262,260261,869265,933-
総資産473,876453,475461,178475,898469,377486,961471,132475,440468,746446,500434,128445,201-
 
負債
有利子負債合計119,620123,064122,315137,662136,596113,867115,581130,737115,514122,188121,118118,535-
仕入債務62,58958,23558,43661,57259,57651,68643,38532,79134,13729,31719,12924,189-
前受金-------------
未払法人税等1,4248061,6712,4791,2572,4183,4564,5281,5501,8261,1453,148-
繰延税金負債(固定)11,023---10,804---12,082----
負債310,061293,931300,048310,773312,125274,579261,955263,070244,237233,897221,936226,479-
 
純資産
資本金30,48430,48430,48430,48430,48455,93555,93555,93555,93555,93555,93555,935-
資本剰余金28,50728,50728,50728,50728,50753,95853,95853,95854,49954,49954,50454,504-
利益剰余金63,04166,59766,93568,59167,88070,34172,21375,86086,11084,40382,78289,175-
自己株式-149-150-150-151-152-152-152-153-154-154-144-145-
非支配株主持分4,7354,7524,4234,7804,5114,8494,5394,6901,7471,6011,5001,730-
純資産163,815159,543161,129165,124157,251212,382209,177212,370224,509212,603212,192218,721-
キャッシュフロー(百万円)
C/S
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
営業CF
税金等調整前当期純利益21,5327,2728,24716,31417,0677,70710,95219,80234,0553,7531,90814,137-
減価償却費25,538-12,636-25,795-12,761-25,162-10,528--
のれん償却額-------------
減損損失1,050---3,5832244046341,16968187270-
受取利息及び受取配当金-1,941--1,075--2,032--1,110--2,117--968--
売上債権の増減額-1,115-8,672--4,165-10,735-5,583-15,149--
棚卸資産の増減額-6,836--7,805--7,221--4,259--2,151-6,031--
仕入債務の増減額1,950--2,528--774--15,580--25,365--13,915--
営業CF13,430-12,382-19,063--2,971-11,229-11,362--
投資CF
有価証券の取得-180-70-2690-2570-2700-70-
有価証券の売却・償還22206660794041306,58202,7960-
固定資産の購入-21,9070-11,7780-28,6110-19,8490-44,9940-12,1800-
固定資産の売却3,4390490182090053401580-
貸付け-------------
貸付金の回収-------------
投資CF-10,633--10,955--28,428--19,337--38,271--10,214--
財務CF
短期借入金の純増減額913--7,035--5,049--5,794--9,576--1,770--
長期借入れ22,560-15,647-31,068-8,322-21,564-16,674--
長期借入金の返済-28,370--6,241--13,931--9,115--17,446--8,255--
社債の発行-------------
社債の償還-5,000----5,000--------
自己株式の取得-------------
自己株式の売却-------------
配当金の支払-5,714--3,170--5,714--3,170--6,248--3,844--
財務CF-13,513-748-12,829-25,864-20,732-2,650--
換算差額963--450--884--272--78-177--
その他
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
設備投資額22,381011,778029,722019,849042,633012,1800-
研究開発費--------11,092----
発行済株式総数126,993,423株126,993,187株126,992,960株126,992,761株126,992,304株153,923,940株153,923,602株153,923,238株153,922,807株153,922,652株153,934,324株153,934,014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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
従業員数11,759人---11,449人---11,840人----
売上/従業員(千円)34,442---34,345---31,880----
営利/従業員(千円)3,853---3,703---3,247----
四半期売上(百万円)
売上5y CAGR・予想:-2.8 %
四半期利益(百万円)
営利5y CAGR・予想:-8.9 %
純利3y CAGR・予想:29.9 %
P/L
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
売上109,75693,74191,99799,310108,17290,14388,41599,08899,81182,09468,49296,237340,000
前期比106.9%95.6%97.9%96.2%98.6%96.2%96.1%99.8%92.3%91.1%77.5%97.1%90.1%
売上原価72,80960,99759,27966,96071,81458,45360,16565,00263,01552,86047,92960,350-
売上総利益36,94732,74332,71832,35136,35731,69028,24934,08636,79729,23320,56435,886-
%33.7%34.9%35.6%32.6%33.6%35.2%32.0%34.4%36.9%35.6%30.0%37.3%-
販管費24,98922,14722,50922,42324,70021,51523,08022,96424,81522,29719,57121,769-
営業利益11,95910,59610,2099,92711,65810,1745,17011,12211,9816,93699214,11834,000
前期比83.2%87.5%104.9%86.2%97.5%96.0%50.6%112.0%102.8%68.2%19.2%126.9%88.4%
%10.9%11.3%11.1%10.0%10.8%11.3%5.8%11.2%12.0%8.4%1.4%14.7%10.0%
受取利息および受取配当金044500045000033100-
持分法による投資利益489495680-7222676810-22-
営業外収益8938701,1137921,0101,1191,2727271,1931,014956533-
支払利息716623695673609533585558585510475426-
持分法による投資損失0-00019-1900-00-
営業外費用2,0092,9458331,0672,9511,8871,9962,1081224,2131,3071,758-
経常利益10,8438,52110,4889,6539,7179,4064,4469,74113,0523,73764212,89229,200
固定資産売却益2,534-000-000-00-
投資有価証券売却益-11631259001711503122,8611,255100-
特別利益6,8021631259001711503402,8621,255100-
固定資産売却損0-000-000-00-
投資有価証券売却損0-000-000-00-
減損損失491-003,5832241802305356811983-
特別損失14,9311,4119,6391,6768,9651,8701,3511,2301,6621,2392,497663-
税引前利益2,7147,2729758,0677537,7073,2458,85014,2533,753-1,84512,229-
法人税等-1,0472295513,6231,4911,7901,2651,8613,9931,709-1732,563-
%-38.6%3.1%56.5%44.9%198.0%23.2%39.0%21.0%28.0%45.5%9.4%21.0%-
当期純利益3,7617,0434234,444-7375,9171,9806,98910,2602,043-1,6729,667-
非支配株主に帰属する当期純利益-3131384249-272819527710-97-51194-
親会社株主に帰属する当期純利益3,7926,7303384,196-7115,6351,8866,71110,2502,141-1,6219,47117,800
前期比-19.1%114.5%6.5%690.1%-18.8%83.7%558.0%159.9%-1,441.6%38.0%-85.9%141.1%72.7%
%3.5%7.2%0.4%4.2%-0.7%6.3%2.1%6.8%10.3%2.6%-2.4%9.8%5.2%
 
EBITDA70,84610,59633,44130,73268,18510,17428,10526,46663,6096,93618,45622,046-
EPS121.9円83.1円83.1円83.1円83.1円159.1円159.1円159.1円159.1円159.1円159.0円159.0円90.9円
BPS1,252.7円1,218.9円1,234.0円1,262.6円1,202.8円1,348.3円1,329.5円1,349.2円1,447.2円1,370.8円1,368.7円1,409.6円-
期初会社予想
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
売上高(期初予)395,000400,000400,000400,000400,000400,000400,000400,000400,000386,000386,000386,000340,000
対実績比102.5%23.4%46.4%71.3%98.3%22.5%44.6%69.4%94.4%21.3%39.0%63.9%-
営業利益(期初予)47,00047,00047,00047,00047,00040,00040,00040,00040,00044,00044,00044,00034,000
対実績比96.4%22.5%44.3%65.4%90.2%25.4%38.4%66.2%96.1%15.8%18.0%50.1%-
純利益(期初予)25,00029,00029,00029,00029,00023,90023,90023,90023,90027,50027,50027,50017,800
対実績比61.9%23.2%24.4%38.8%36.4%23.6%31.5%59.5%102.4%7.8%1.9%36.3%-
配当
ROEデュポン分解
β
マルチプル
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
株価2,328円1,832円1,621円2,047円1,375円1,255円1,417円1,366円1,575円1,240円1,441円1,692円-
企業価値394,320324,004298,759352,404280,343264,586284,340309,232341,402288,345314,880344,853-
時価総額295,643232,652205,856259,955174,615159,375218,110210,259242,429190,864221,819260,456-
純有利子負債91,35292,90392,449105,728105,21166,23081,13098,97390,39497,48193,06184,397-
PER(会予)14.6倍8.0倍7.1倍11.8倍9.7倍6.7倍9.1倍8.8倍11.2倍6.9倍-18.6倍-
PBR2.0倍1.5倍1.3倍1.7倍1.1倍1.0倍1.1倍1.0倍1.2倍0.9倍1.1倍1.2倍-
PER × PBR28.7倍11.7倍9.4倍19.6倍10.6倍7.0倍9.6倍8.9倍13.0倍6.3倍-22.3倍-
EV/EBITDA(会予)5.5倍4.5倍4.1倍5.0倍4.2倍4.0倍4.3倍4.7倍5.4倍4.2倍-6.3倍-
PSR(会予)0.7倍0.6倍0.5倍0.7倍0.4倍0.4倍0.5倍0.5倍0.6倍0.5倍-0.8倍-
PCFR(会予)6.6倍4.3倍3.8倍5.5倍4.0倍3.2倍4.4倍4.2倍5.1倍3.6倍8.8倍6.7倍-
配当金45.0円---45.0円---45.0円---45.0円
配当利回り1.9%2.5%2.8%2.2%3.3%3.6%3.2%3.3%2.9%3.6%3.1%2.7%-
配当性向36.9%---54.2%---28.3%----
自己資本配当率3.6%3.7%3.6%3.6%3.7%3.3%3.4%3.3%3.1%3.3%3.3%3.2%-
ROE9.7%6.8%6.7%6.6%6.9%11.8%12.0%11.8%11.0%11.6%11.6%11.3%-
純利益率(再掲)3.8%7.2%3.8%4.0%2.7%6.3%4.2%5.1%6.5%2.6%0.3%4.0%-
総資産回転率0.9回0.9回0.9回0.8回0.8回0.8回0.8回0.8回0.8回0.8回0.9回0.8回-
財務レバレッジ3.0倍2.9倍2.9倍3.0倍3.1倍2.3倍2.3倍2.3倍2.1倍2.1倍2.1倍2.1倍-
実質ROE9.7%6.8%6.7%6.6%6.9%11.8%12.0%11.8%11.0%11.6%11.6%11.3%-
ROIC14.4%13.1%13.1%12.2%12.6%9.2%9.2%8.7%8.7%8.9%8.9%8.8%-
ROA3.3%2.3%2.3%2.2%2.2%5.0%5.2%5.1%5.2%5.5%5.6%5.5%-
β1.311.341.241.211.271.311.231.231.181.201.211.31-
βの決定係数(R2)0.210.230.180.180.220.230.210.220.230.270.300.31-
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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
流動資産
現金28,26830,16129,86631,93431,38547,63734,45131,76425,12024,70728,05734,138-
売上債権79,37171,02469,04279,74181,59374,80869,55876,31075,44563,76059,05373,022-
棚卸資産70,39170,35976,34276,00074,98677,01177,89874,68776,56879,89668,97858,695-
有価証券-------------
前払金-------------
繰延税金資産8,952---6,394--------
貸倒引当金-537-397-392-403-408-385-596-542-444-404-354-360-
流動資産204,349195,644200,146211,526202,779214,266199,931199,972197,271184,239172,259179,267-
固定資産
建物・構築物107,94355,43255,66755,678104,95453,67951,98057,708116,71763,26163,12962,604-
機械・運搬具312,61294,64494,21093,784312,01288,22185,62688,326326,16597,39595,77194,412-
土地20,009---19,783---19,467----
建設仮勘定4,285---16,879---12,788----
有形固定資産191,997184,685188,105192,112190,303198,277197,702201,114207,079203,396202,248202,601-
のれん1,5571,4931,4371,3921,3171,2871,1931,1381,1221,026980946-
無形固定資産7,0376,8326,5946,4186,3686,1165,8886,0716,7506,5206,5076,568-
投資有価証券56,39951,91851,45651,58747,26848,01647,33447,81444,40434,64136,26337,209-
繰延税金資産3,163---13,029---6,290----
貸倒引当金-164-160-143-144-105-105-105-104-104-104-104-104-
敷金および保証金-------------
投資その他の資産70,49266,31166,33165,84069,92668,30267,61068,28257,64452,34353,11256,763-
固定資産269,526257,830261,031264,371266,597272,695271,200275,468271,475262,260261,869265,933-
総資産473,876453,475461,178475,898469,377486,961471,132475,440468,746446,500434,128445,201-
 
負債
有利子負債合計119,620123,064122,315137,662136,596113,867115,581130,737115,514122,188121,118118,535-
仕入債務62,58958,23558,43661,57259,57651,68643,38532,79134,13729,31719,12924,189-
前受金-------------
未払法人税等1,4248061,6712,4791,2572,4183,4564,5281,5501,8261,1453,148-
繰延税金負債(固定)11,023---10,804---12,082----
負債310,061293,931300,048310,773312,125274,579261,955263,070244,237233,897221,936226,479-
 
純資産
資本金30,48430,48430,48430,48430,48455,93555,93555,93555,93555,93555,93555,935-
資本剰余金28,50728,50728,50728,50728,50753,95853,95853,95854,49954,49954,50454,504-
利益剰余金63,04166,59766,93568,59167,88070,34172,21375,86086,11084,40382,78289,175-
自己株式-149-150-150-151-152-152-152-153-154-154-144-145-
非支配株主持分4,7354,7524,4234,7804,5114,8494,5394,6901,7471,6011,5001,730-
純資産163,815159,543161,129165,124157,251212,382209,177212,370224,509212,603212,192218,721-
キャッシュフロー(百万円)
C/S
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
営業CF
税金等調整前当期純利益21,5327,2728,24716,31417,0677,70710,95219,80234,0553,7531,90814,137-
減価償却費25,538-12,636-25,795-12,761-25,162-10,528--
のれん償却額-------------
減損損失491-003,5832241802305356811983-
受取利息及び受取配当金-1,941--1,075--2,032--1,110--2,117--968--
売上債権の増減額-1,115-8,672--4,165-10,735-5,583-15,149--
棚卸資産の増減額-6,836--7,805--7,221--4,259--2,151-6,031--
仕入債務の増減額1,950--2,528--774--15,580--25,365--13,915--
営業CF13,430-12,382-19,063--2,971-11,229-11,362--
投資CF
有価証券の取得-180-70-2690-2570-2700-70-
有価証券の売却・償還22206660794041306,58202,7960-
固定資産の購入-21,9070-11,7780-28,6110-19,8490-44,9940-12,1800-
固定資産の売却3,4390490182090053401580-
貸付け-------------
貸付金の回収-------------
投資CF-10,633--10,955--28,428--19,337--38,271--10,214--
財務CF
短期借入金の純増減額913--7,035--5,049--5,794--9,576--1,770--
長期借入れ22,560-15,647-31,068-8,322-21,564-16,674--
長期借入金の返済-28,370--6,241--13,931--9,115--17,446--8,255--
社債の発行-------------
社債の償還-5,000----5,000--------
自己株式の取得-------------
自己株式の売却-------------
配当金の支払-5,714--3,170--5,714--3,170--6,248--3,844--
財務CF-13,513-748-12,829-25,864-20,732-2,650--
換算差額963--450--884--272--78-177--
その他
17.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
設備投資額22,381011,778029,722019,849042,633012,1800-
研究開発費--------11,092----
発行済株式総数126,993,423株126,993,187株126,992,960株126,992,761株126,992,304株153,923,940株153,923,602株153,923,238株153,922,807株153,922,652株153,934,324株153,934,014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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q320.Q4E
従業員数11,759人---11,449人---11,840人----
売上/従業員(千円)34,442---34,345---31,880----
営利/従業員(千円)3,853---3,703---3,247----