通期売上(百万円)
売上5y CAGR・予想:1.5 %
通期利益(百万円)
営利5y CAGR・予想:0.0 %
純利5y CAGR・予想:-4.7 %
P/L
2017.122018.122019.122020.12E
売上381,993509,175522,424526,000
前期比80.2%133.3%102.6%100.7%
売上原価285,261376,021385,736-
売上総利益96,732133,154136,688-
%25.3%26.2%26.2%-
販管費78,616100,672101,389-
営業利益18,11532,48235,29827,000
前期比60.4%179.3%108.7%76.5%
%4.7%6.4%6.8%5.1%
受取利息および受取配当金4421,063596-
持分法による投資利益-565749-
営業外収益9372,6292,794-
支払利息1,1361,5171,444-
持分法による投資損失148---
営業外費用2,5233,8302,521-
経常利益16,52931,28135,57125,500
固定資産売却益2,209401374-
投資有価証券売却益1,352804713-
特別利益3,5611,2051,087-
固定資産売却損17631911-
投資有価証券売却損103---
減損損失9522,6271,112-
特別損失1,5375,1831,473-
税引前利益18,55427,30335,184-
法人税等8,2327,61710,045-
%44.4%27.9%28.5%-
当期純利益10,32219,68525,139-
非支配株主に帰属する当期純利益7901,4231,789-
親会社株主に帰属する当期純利益9,53118,26223,34916,000
前期比46.3%191.6%127.9%68.5%
%2.5%3.6%4.5%3.0%
 
EBITDA30,03847,74850,430-
EPS93.8円182.6円245.5円178.7円
BPS2,736.0円2,795.7円2,981.9円-
期初会社予想
2017.122018.122019.122020.12E
売上高(期初予)354,000505,000525,000526,000
対実績比107.9%100.8%99.5%-
営業利益(期初予)15,00037,00034,00027,000
対実績比120.8%87.8%103.8%-
純利益(期初予)8,00022,00020,00016,000
対実績比119.1%83.0%116.7%-
配当
ROEデュポン分解
β
マルチプル
2017.122018.122019.122020.12E
株価4,295円2,471円3,325円-
企業価値409,887214,952306,200-
時価総額436,250251,407316,260-
純有利子負債-25,844-33,114-14,709-
PER(会予)48.5倍14.8倍18.6倍-
PBR1.6倍0.9倍1.2倍-
PER × PBR78.1倍13.2倍21.9倍-
EV/EBITDA(会予)13.8倍4.9倍6.8倍-
PSR(会予)1.2倍0.5倍0.6倍-
PCFR(会予)19.2倍8.7倍9.8倍-
配当金45.0円60.0円60.0円60.0円
配当利回り1.4%1.8%1.8%-
配当性向48.0%32.9%24.4%-
自己資本配当率1.6%2.1%2.0%-
ROE3.4%6.5%8.2%-
純利益率(再掲)2.5%3.6%4.5%-
総資産回転率0.6回0.9回0.9回-
財務レバレッジ2.2倍2.1倍2.1倍-
実質ROE3.4%6.4%8.2%-
ROIC2.5%7.0%7.0%-
ROA1.6%3.1%3.9%-
β0.951.141.43-
βの決定係数(R2)0.270.400.57-
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138,475110,61094,014-
売上債権169,298176,895182,944-
棚卸資産109,537122,658121,101-
有価証券2,4111,6681,097-
前払金----
繰延税金資産10,4848,309--
貸倒引当金-3,694-3,308-2,107-
流動資産447,491430,230421,929-
固定資産
建物・構築物47,00544,26956,022-
機械・運搬具28,63228,59927,960-
土地20,90419,81019,607-
建設仮勘定5,8307,55813,665-
有形固定資産110,227107,879124,898-
のれん1,8311,148774-
無形固定資産12,08010,67010,343-
投資有価証券25,22622,30119,666-
繰延税金資産1,74212,8709,475-
貸倒引当金-4,403-5,187-5,442-
敷金および保証金----
投資その他の資産43,12042,80138,067-
固定資産165,428161,351173,309-
総資産612,919591,582595,239-
 
負債
有利子負債合計112,63177,49679,305-
仕入債務61,75663,32060,580-
前受金----
未払法人税等1,6974,5983,233-
繰延税金負債(固定)1,89814504-
負債328,131304,803303,411-
 
純資産
資本金78,81579,06679,155-
資本剰余金81,25680,29674,848-
利益剰余金121,321135,715141,675-
自己株式-431-5,439-174-
非支配株主持分5,6685,9857,043-
純資産284,788286,778291,827-
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18,55427,30335,184-
減価償却費11,92315,26615,132-
のれん償却額----
減損損失9522,6271,112-
受取利息及び受取配当金-442-1,064-596-
売上債権の増減額33,728-10,674-8,457-
棚卸資産の増減額-11,403-14,8541,192-
仕入債務の増減額-1886,774-4,963-
営業CF44,15734,61026,720-
投資CF
有価証券の取得-3,523-4,578-3,678-
有価証券の売却・償還5,5435,5687,115-
固定資産の購入-12,380-18,570-28,040-
固定資産の売却2,4001,738540-
貸付け----
貸付金の回収----
投資CF-7,906-15,927-24,077-
財務CF
短期借入金の純増減額7,083-22,4981,874-
長期借入れ3,0266892,585-
長期借入金の返済-2,078-2,462-2,108-
社債の発行10,000---
社債の償還--10,000--
自己株式の取得-5-5,008-15,004-
自己株式の売却----
配当金の支払-6,093-4,575-5,877-
財務CF11,296-46,412-20,188-
換算差額871-1,324-346-
その他
2017.122018.122019.122020.12E
設備投資額12,38619,36434,369-
研究開発費--11,530-
発行済株式総数101,594,129株100,024,430株95,124,069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16,219人16,556人17,080人-
売上/従業員(千円)23,55230,75530,587-
営利/従業員(千円)1,1171,9622,067-
四半期売上(百万円)
売上5y CAGR・予想:1.5 %
四半期利益(百万円)
営利5y CAGR・予想:0.0 %
純利5y CAGR・予想:-4.7 %
P/L
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上206,798381,993130,238251,257368,002509,175130,196248,055366,461522,424122,696245,479506,000
前期比107.7%80.2%126.5%121.5%-133.3%100.0%98.7%99.6%102.6%94.2%99.0%96.9%
売上原価155,678285,26198,199187,387273,166376,02196,310185,642273,476385,73689,893180,053-
売上総利益51,12096,73232,03863,87094,835133,15433,88562,41392,984136,68832,80265,426-
%24.7%25.3%24.6%25.4%25.8%26.2%26.0%25.2%25.4%26.2%26.7%26.7%-
販管費46,00478,61624,08449,14874,384100,67224,75649,44072,715101,38925,75351,769-
営業利益5,11618,1157,95414,72220,45132,4829,12812,97320,26935,2987,04913,65630,000
前期比192.5%60.4%1,188.9%287.8%-179.3%114.8%88.1%99.1%108.7%77.2%105.3%85.0%
%2.5%4.7%6.1%5.9%5.6%6.4%7.0%5.2%5.5%6.8%5.7%5.6%5.9%
受取利息および受取配当金2764423244117931,063216318501596103193-
持分法による投資利益--1,002815844565831621514749642588-
営業外収益5219371,4891,5032,1302,6291,6741,5992,0412,7949541,147-
支払利息6471,1363236821,1081,5173016591,0431,444314644-
持分法による投資損失301148-----------
営業外費用1,7502,5231,3692,0542,5963,8304491,2222,3002,5211,6092,375-
経常利益3,88616,5298,07514,17119,98531,28110,35313,34920,01035,5716,39312,42827,000
固定資産売却益412,20961153401310173741526-
投資有価証券売却益1,2661,352390394402804561142177137676-
特別利益1,3083,5613974064551,205591242351,08792103-
固定資産売却損217611791023190221124-
投資有価証券売却損-103-----------
減損損失-952-1,6522,1802,627465718611,1125161-
特別損失1051,537533,0983,7225,1831196381,1121,473252421-
税引前利益5,08918,5548,41911,47816,71927,30310,29412,83619,13435,1846,23312,111-
法人税等1,5308,2322,0623,3894,3757,6173,0373,9745,98010,0452,0833,841-
%30.1%44.4%24.5%29.5%26.2%27.9%29.5%31.0%31.3%28.5%33.4%31.7%-
当期純利益3,55910,3226,3578,08912,34419,6857,2578,86213,15325,1394,1498,270-
非支配株主に帰属する当期純利益4567902236171,1321,4235248361,2891,789364835-
親会社株主に帰属する当期純利益3,1039,5316,1337,47111,21218,2626,7338,02511,86323,3493,7857,43417,000
前期比-708.4%46.3%-2,222.1%240.8%-191.6%109.8%107.4%105.8%127.9%56.2%92.6%72.8%
%1.5%2.5%4.7%3.0%3.0%3.6%5.2%3.2%3.2%4.5%3.1%3.0%3.4%
 
EBITDA12,47230,03811,86122,51032,00647,74812,87720,39131,43050,43011,06421,633-
EPS93.8円93.8円179.7円179.5円179.5円182.6円237.1円243.5円245.5円245.5円245.4円244.9円0.0円
BPS2,664.9円2,736.0円2,743.6円2,757.1円2,769.3円2,795.7円2,846.3円2,823.6円2,820.1円2,981.9円2,916.3円2,952.1円-
期初会社予想
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)354,000354,000505,000505,000505,000505,000525,000525,000525,000525,000526,000526,000506,000
対実績比58.4%107.9%25.8%49.8%72.9%100.8%24.8%47.2%69.8%99.5%23.3%46.7%-
営業利益(期初予)15,00015,00037,00037,00037,00037,00034,00034,00034,00034,00027,00027,00030,000
対実績比34.1%120.8%21.5%39.8%55.3%87.8%26.8%38.2%59.6%103.8%26.1%50.6%-
純利益(期初予)8,0008,00022,00022,00022,00022,00020,00020,00020,00020,00016,00016,00017,000
対実績比38.8%119.1%27.9%34.0%51.0%83.0%33.7%40.1%59.3%116.7%23.7%46.5%-
配当
ROEデュポン分解
β
マルチプル
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価3,735円4,295円3,865円3,445円3,920円2,471円3,120円2,924円2,877円3,325円2,057円2,525円-
企業価値342,202409,887366,817315,810336,929214,952278,962264,257263,588306,200169,421181,830-
時価総額379,297436,250392,661350,081398,792251,407312,076287,944273,648316,260195,733240,716-
純有利子負債-26,363-25,844-34,271-61,863-36,455-33,114-23,687-33,883-10,060-14,709-26,312-58,886-
PER(会予)47.4倍48.5倍17.8倍15.9倍18.1倍14.8倍15.6倍14.4倍17.1倍18.6倍10.6倍--
PBR1.4倍1.6倍1.4倍1.3倍1.4倍0.9倍1.1倍1.0倍1.0倍1.2倍0.7倍0.9倍-
PER × PBR67.2倍78.1倍25.2倍20.0倍25.8倍13.2倍17.4倍14.8倍17.4倍21.9倍7.5倍--
EV/EBITDA(会予)11.9倍13.8倍7.5倍6.5倍6.9倍4.9倍5.7倍5.4倍6.1倍6.8倍3.7倍--
PSR(会予)1.1倍1.2倍0.8倍0.7倍0.8倍0.5倍0.6倍0.5倍0.5倍0.6倍0.4倍--
PCFR(会予)17.4倍19.2倍11.6倍10.3倍11.8倍8.7倍8.8倍8.2倍8.8倍9.8倍5.8倍15.9倍-
配当金-45.0円---60.0円---60.0円--60.0円
配当利回り1.6%1.4%1.2%1.3%1.1%1.8%1.9%2.1%2.1%1.8%2.9%2.4%-
配当性向-48.0%---32.9%---24.4%---
自己資本配当率1.7%1.6%2.2%2.2%2.2%2.1%2.1%2.1%2.1%2.0%2.1%2.0%-
ROE3.5%3.4%6.6%6.5%6.5%6.5%8.3%8.6%8.7%8.2%8.4%8.3%-
純利益率(再掲)1.5%2.5%4.7%3.0%3.0%3.6%5.2%3.2%3.2%4.5%3.1%3.0%-
総資産回転率0.7回0.6回0.8回0.8回0.8回0.9回0.8回0.9回0.9回0.9回0.8回0.8回-
財務レバレッジ2.1倍2.2倍2.2倍2.3倍2.2倍2.1倍2.2倍2.2倍2.2倍2.1倍2.2倍2.2倍-
実質ROE3.5%3.4%6.5%6.5%6.5%6.4%8.0%8.1%8.1%8.2%8.4%8.3%-
ROIC2.6%2.5%6.4%6.3%6.2%7.0%6.7%6.8%6.8%7.0%6.6%6.5%-
ROA1.7%1.6%2.9%2.9%2.9%3.1%3.8%3.9%4.0%3.9%3.7%3.7%-
β0.990.951.041.211.181.141.241.301.341.431.461.40-
βの決定係数(R2)0.290.270.320.400.380.400.430.460.480.570.620.63-
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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金129,218138,475142,598177,021153,049110,610122,276133,603112,03694,014130,636167,527-
売上債権145,683169,298179,257145,918154,713176,895183,949147,524157,842182,944187,626152,030-
棚卸資産104,463109,537107,961117,453123,870122,658122,190121,288121,621121,101106,351106,766-
有価証券4,9872,4114,0112,7694,5531,6686,6743,2404,3211,0973,2682,695-
前払金-------------
繰延税金資産-10,484---8,309-------
貸倒引当金-3,406-3,694-3,286-2,948-3,014-3,308-3,025-2,644-2,569-2,107-2,051-2,031-
流動資産413,508447,491459,508472,152466,927430,230452,049424,485413,280421,929449,950451,815-
固定資産
建物・構築物46,68047,00547,26345,81944,93144,26944,28444,65345,63056,02256,95857,076-
機械・運搬具28,79728,63228,18627,65327,93528,59928,51428,09727,81127,96029,60127,671-
土地-20,904---19,810---19,607---
建設仮勘定-5,830---7,558---13,665---
有形固定資産109,390110,227109,389107,244108,057107,879112,580115,072115,299124,898127,416130,895-
のれん-1,831---1,148---774---
無形固定資産12,38112,08011,95011,61010,90810,67010,21910,2269,89510,34312,23312,189-
投資有価証券24,42825,22625,06624,19725,02622,30123,32222,16420,38519,66612,72812,334-
繰延税金資産-1,742---12,870---9,475---
貸倒引当金-4,702-4,403-4,696-4,694-5,390-5,187-5,219-5,615-5,419-5,442-5,370-5,341-
敷金および保証金-------------
投資その他の資産41,65743,12042,05641,88144,87442,80142,36042,39940,34038,06733,50833,607-
固定資産163,429165,428163,397160,736163,840161,351165,159167,698165,534173,309173,157176,692-
総資産576,938612,919622,905632,889630,767591,582617,209592,183578,815595,239623,108628,508-
 
負債
有利子負債合計102,855112,631108,327115,158116,59477,49698,58999,720101,97679,305104,324108,641-
仕入債務55,10861,75668,22562,22959,90563,32063,20056,32652,92160,58055,31652,212-
前受金-------------
未払法人税等-1,697---4,598---3,233---
繰延税金負債(固定)-1,898---14---504---
負債299,841328,131337,724345,638342,144304,803329,884314,251303,037303,411338,079339,619-
 
純資産
資本金78,79078,81578,83879,03979,04779,06679,10479,14279,14379,15579,19379,404-
資本剰余金81,23181,25681,27981,48080,26080,29680,33480,37180,37374,84874,88675,097-
利益剰余金117,940121,321126,639127,977128,665135,715142,244143,536144,498141,675138,657142,307-
自己株式-428-431-433-437-439-5,439-10,440-18,213-20,443-174-176-176-
非支配株主持分5,2305,6685,2345,6085,6995,9855,9316,0796,4127,0436,4946,594-
純資産277,096284,788285,181287,250288,623286,778287,324277,931275,778291,827285,028288,888-
キャッシュフロー(百万円)
C/S
17.Q217.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5,08918,5548,41911,47816,71927,30310,29412,83619,13435,1846,23312,111-
減価償却費7,35611,9233,9077,78811,55515,2663,7497,41811,16115,1324,0157,977-
のれん償却額-------------
減損損失-952-1,6522,1802,627465718611,1125161-
受取利息及び受取配当金-277-442-325-411-793-1,064-217-319-502-596-103-193-
売上債権の増減額56,37333,728-11,92119,98713,133-10,674-6,49726,47517,164-8,457-4,10432,328-
棚卸資産の増減額-7,376-11,403245-8,960-14,769-14,8541,280480-7601,1925,1394,679-
仕入債務の増減額-13,794-18811,1039,555-1776,7741,969-10,196-23,613-4,9631,832-5,641-
営業CF41,86044,15714,99145,89330,78834,6109,29630,20617,25826,72019,07759,375-
投資CF
有価証券の取得-1,712-3,523-611-1,771-4,623-4,578-1,781-2,272-2,365-3,6780-175-
有価証券の売却・償還2,0385,5434461,0272,1905,568722,0784,6077,1151,9491,949-
固定資産の購入-7,639-12,380-3,664-7,413-11,908-18,570-5,999-12,012-18,367-28,040-7,776-15,500-
固定資産の売却692,40049797271,738324345535403465-
貸付け-------------
貸付金の回収-------------
投資CF-6,608-7,906-3,858-8,123-13,841-15,927-7,342-11,837-16,032-24,077-5,595-13,327-
財務CF
短期借入金の純増減額9,5777,083-2,3054,6995,541-22,49821,30923,44525,4551,87429,48134,635-
長期借入れ1003,026---689-6121,2982,585---
長期借入金の返済-1,068-2,078-301-1,263-1,472-2,462-147-950-1,193-2,108-2,644-3,317-
社債の発行-10,000-----------
社債の償還------10,000-------
自己株式の取得-2-5-2-6-8-5,008-5,001-12,773-15,003-15,004-1-1-
自己株式の売却-------------
配当金の支払-3,046-6,093-1,523-1,523-4,575-4,575-3,000-3,000-5,877-5,877-2,853-2,853-
財務CF5,01311,296-4,7301,093-2,868-46,41212,2726,2523,407-20,18822,82027,070-
換算差額-63871-1,679-1,514-815-1,324104-1,216-1,167-346-104-512-
その他
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額7,63912,3863,6647,41311,90819,3645,99912,01218,36734,3697,77615,500-
研究開発費---------11,530---
発行済株式総数101,571,495株101,594,129株101,619,931株101,732,565株101,743,110株100,024,430株98,476,124株95,887,481株95,115,841株95,124,069株95,154,469株95,333,001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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-16,219人---16,556人---17,080人---
売上/従業員(千円)-23,552---30,755---30,587---
営利/従業員(千円)-1,117---1,962---2,067---
四半期売上(百万円)
売上5y CAGR・予想:1.5 %
四半期利益(百万円)
営利5y CAGR・予想:0.0 %
純利5y CAGR・予想:-4.7 %
P/L
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上103,854-130,238121,019116,745141,173130,196117,859118,406155,963122,696122,783506,000
前期比104.0%-126.5%116.5%--100.0%97.4%101.4%110.5%94.2%104.2%96.9%
売上原価77,137-98,19989,18885,779102,85596,31089,33287,834112,26089,89390,160-
売上総利益26,717-32,03831,83230,96538,31933,88528,52830,57143,70432,80232,624-
%25.7%-24.6%26.3%26.5%27.1%26.0%24.2%25.8%28.0%26.7%26.6%-
販管費22,270-24,08425,06425,23626,28824,75624,68423,27528,67425,75326,016-
営業利益4,447-7,9546,7685,72912,0319,1283,8457,29615,0297,0496,60730,000
前期比150.5%-1,188.9%152.2%--114.8%56.8%127.4%124.9%77.2%171.8%85.0%
%4.3%-6.1%5.6%4.9%8.5%7.0%3.3%6.2%9.6%5.7%5.4%5.9%
受取利息および受取配当金0-3240002160001030-
持分法による投資利益0-1,002-18729-279831-210-107235642-54-
営業外収益334-1,489146274991,674-75442753954193-
支払利息356-323359426409301358384401314330-
持分法による投資損失84--000-000-0-
営業外費用1,008-1,3696855421,2344497731,0782211,609766-
経常利益3,772-8,0756,0965,81411,29610,3532,9966,66115,5616,3936,03527,000
固定資産売却益22-65423483773571511-
投資有価証券売却益1,173-390484025658103496760-
特別利益1,196-39794975059651118529211-
固定資産売却損1-116823217020922-
投資有価証券売却損0--000-000-0-
減損損失0--1,652528447465252902515156-
特別損失65-533,0456241,461119519474361252169-
税引前利益4,903-8,4193,0595,24110,58410,2942,5426,29816,0506,2335,878-
法人税等1,312-2,0621,3279863,2423,0379372,0064,0652,0831,758-
%26.8%-24.5%43.4%18.8%30.6%29.5%36.9%31.9%25.3%33.4%29.9%-
当期純利益3,591-6,3571,7324,2557,3417,2571,6054,29111,9864,1494,121-
非支配株主に帰属する当期純利益213-223394515291524312453500364471-
親会社株主に帰属する当期純利益3,379-6,1331,3383,7417,0506,7331,2923,83811,4863,7853,64917,000
前期比332.9%--2,222.1%39.6%--109.8%96.6%102.6%162.9%56.2%282.4%72.8%
%3.3%-4.7%1.1%3.2%5.0%5.2%1.1%3.2%7.4%3.1%3.0%3.4%
 
EBITDA12,47230,03811,86122,51032,00647,74812,87720,39131,43050,43011,06421,633-
EPS93.8円93.8円179.7円179.5円179.5円182.6円237.1円243.5円245.5円245.5円245.4円244.9円0.0円
BPS2,664.9円2,736.0円2,743.6円2,757.1円2,769.3円2,795.7円2,846.3円2,823.6円2,820.1円2,981.9円2,916.3円2,952.1円-
期初会社予想
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
売上高(期初予)354,000354,000505,000505,000505,000505,000525,000525,000525,000525,000526,000526,000506,000
対実績比58.4%107.9%25.8%49.8%72.9%100.8%24.8%47.2%69.8%99.5%23.3%46.7%-
営業利益(期初予)15,00015,00037,00037,00037,00037,00034,00034,00034,00034,00027,00027,00030,000
対実績比34.1%120.8%21.5%39.8%55.3%87.8%26.8%38.2%59.6%103.8%26.1%50.6%-
純利益(期初予)8,0008,00022,00022,00022,00022,00020,00020,00020,00020,00016,00016,00017,000
対実績比38.8%119.1%27.9%34.0%51.0%83.0%33.7%40.1%59.3%116.7%23.7%46.5%-
配当
ROEデュポン分解
β
マルチプル
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
株価3,735円4,295円3,865円3,445円3,920円2,471円3,120円2,924円2,877円3,325円2,057円2,525円-
企業価値342,202409,887366,817315,810336,929214,952278,962264,257263,588306,200169,421181,830-
時価総額379,297436,250392,661350,081398,792251,407312,076287,944273,648316,260195,733240,716-
純有利子負債-26,363-25,844-34,271-61,863-36,455-33,114-23,687-33,883-10,060-14,709-26,312-58,886-
PER(会予)47.4倍48.5倍17.8倍15.9倍18.1倍14.8倍15.6倍14.4倍17.1倍18.6倍10.6倍--
PBR1.4倍1.6倍1.4倍1.3倍1.4倍0.9倍1.1倍1.0倍1.0倍1.2倍0.7倍0.9倍-
PER × PBR67.2倍78.1倍25.2倍20.0倍25.8倍13.2倍17.4倍14.8倍17.4倍21.9倍7.5倍--
EV/EBITDA(会予)11.9倍13.8倍7.5倍6.5倍6.9倍4.9倍5.7倍5.4倍6.1倍6.8倍3.7倍--
PSR(会予)1.1倍1.2倍0.8倍0.7倍0.8倍0.5倍0.6倍0.5倍0.5倍0.6倍0.4倍--
PCFR(会予)17.4倍19.2倍11.6倍10.3倍11.8倍8.7倍8.8倍8.2倍8.8倍9.8倍5.8倍15.9倍-
配当金-45.0円---60.0円---60.0円--60.0円
配当利回り1.6%1.4%1.2%1.3%1.1%1.8%1.9%2.1%2.1%1.8%2.9%2.4%-
配当性向-48.0%---32.9%---24.4%---
自己資本配当率1.7%1.6%2.2%2.2%2.2%2.1%2.1%2.1%2.1%2.0%2.1%2.0%-
ROE3.5%3.4%6.6%6.5%6.5%6.5%8.3%8.6%8.7%8.2%8.4%8.3%-
純利益率(再掲)1.5%2.5%4.7%3.0%3.0%3.6%5.2%3.2%3.2%4.5%3.1%3.0%-
総資産回転率0.7回0.6回0.8回0.8回0.8回0.9回0.8回0.9回0.9回0.9回0.8回0.8回-
財務レバレッジ2.1倍2.2倍2.2倍2.3倍2.2倍2.1倍2.2倍2.2倍2.2倍2.1倍2.2倍2.2倍-
実質ROE3.5%3.4%6.5%6.5%6.5%6.4%8.0%8.1%8.1%8.2%8.4%8.3%-
ROIC2.6%2.5%6.4%6.3%6.2%7.0%6.7%6.8%6.8%7.0%6.6%6.5%-
ROA1.7%1.6%2.9%2.9%2.9%3.1%3.8%3.9%4.0%3.9%3.7%3.7%-
β0.990.951.041.211.181.141.241.301.341.431.461.40-
βの決定係数(R2)0.290.270.320.400.380.400.430.460.480.570.620.63-
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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
流動資産
現金129,218138,475142,598177,021153,049110,610122,276133,603112,03694,014130,636167,527-
売上債権145,683169,298179,257145,918154,713176,895183,949147,524157,842182,944187,626152,030-
棚卸資産104,463109,537107,961117,453123,870122,658122,190121,288121,621121,101106,351106,766-
有価証券4,9872,4114,0112,7694,5531,6686,6743,2404,3211,0973,2682,695-
前払金-------------
繰延税金資産-10,484---8,309-------
貸倒引当金-3,406-3,694-3,286-2,948-3,014-3,308-3,025-2,644-2,569-2,107-2,051-2,031-
流動資産413,508447,491459,508472,152466,927430,230452,049424,485413,280421,929449,950451,815-
固定資産
建物・構築物46,68047,00547,26345,81944,93144,26944,28444,65345,63056,02256,95857,076-
機械・運搬具28,79728,63228,18627,65327,93528,59928,51428,09727,81127,96029,60127,671-
土地-20,904---19,810---19,607---
建設仮勘定-5,830---7,558---13,665---
有形固定資産109,390110,227109,389107,244108,057107,879112,580115,072115,299124,898127,416130,895-
のれん-1,831---1,148---774---
無形固定資産12,38112,08011,95011,61010,90810,67010,21910,2269,89510,34312,23312,189-
投資有価証券24,42825,22625,06624,19725,02622,30123,32222,16420,38519,66612,72812,334-
繰延税金資産-1,742---12,870---9,475---
貸倒引当金-4,702-4,403-4,696-4,694-5,390-5,187-5,219-5,615-5,419-5,442-5,370-5,341-
敷金および保証金-------------
投資その他の資産41,65743,12042,05641,88144,87442,80142,36042,39940,34038,06733,50833,607-
固定資産163,429165,428163,397160,736163,840161,351165,159167,698165,534173,309173,157176,692-
総資産576,938612,919622,905632,889630,767591,582617,209592,183578,815595,239623,108628,508-
 
負債
有利子負債合計102,855112,631108,327115,158116,59477,49698,58999,720101,97679,305104,324108,641-
仕入債務55,10861,75668,22562,22959,90563,32063,20056,32652,92160,58055,31652,212-
前受金-------------
未払法人税等-1,697---4,598---3,233---
繰延税金負債(固定)-1,898---14---504---
負債299,841328,131337,724345,638342,144304,803329,884314,251303,037303,411338,079339,619-
 
純資産
資本金78,79078,81578,83879,03979,04779,06679,10479,14279,14379,15579,19379,404-
資本剰余金81,23181,25681,27981,48080,26080,29680,33480,37180,37374,84874,88675,097-
利益剰余金117,940121,321126,639127,977128,665135,715142,244143,536144,498141,675138,657142,307-
自己株式-428-431-433-437-439-5,439-10,440-18,213-20,443-174-176-176-
非支配株主持分5,2305,6685,2345,6085,6995,9855,9316,0796,4127,0436,4946,594-
純資産277,096284,788285,181287,250288,623286,778287,324277,931275,778291,827285,028288,888-
キャッシュフロー(百万円)
C/S
17.Q217.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5,08918,5548,41911,47816,71927,30310,29412,83619,13435,1846,23312,111-
減価償却費7,35611,9233,9077,78811,55515,2663,7497,41811,16115,1324,0157,977-
のれん償却額-------------
減損損失0--1,652528447465252902515156-
受取利息及び受取配当金-277-442-325-411-793-1,064-217-319-502-596-103-193-
売上債権の増減額56,37333,728-11,92119,98713,133-10,674-6,49726,47517,164-8,457-4,10432,328-
棚卸資産の増減額-7,376-11,403245-8,960-14,769-14,8541,280480-7601,1925,1394,679-
仕入債務の増減額-13,794-18811,1039,555-1776,7741,969-10,196-23,613-4,9631,832-5,641-
営業CF41,86044,15714,99145,89330,78834,6109,29630,20617,25826,72019,07759,375-
投資CF
有価証券の取得-1,712-3,523-611-1,771-4,623-4,578-1,781-2,272-2,365-3,6780-175-
有価証券の売却・償還2,0385,5434461,0272,1905,568722,0784,6077,1151,9491,949-
固定資産の購入-7,639-12,380-3,664-7,413-11,908-18,570-5,999-12,012-18,367-28,040-7,776-15,500-
固定資産の売却692,40049797271,738324345535403465-
貸付け-------------
貸付金の回収-------------
投資CF-6,608-7,906-3,858-8,123-13,841-15,927-7,342-11,837-16,032-24,077-5,595-13,327-
財務CF
短期借入金の純増減額9,5777,083-2,3054,6995,541-22,49821,30923,44525,4551,87429,48134,635-
長期借入れ1003,026---689-6121,2982,585---
長期借入金の返済-1,068-2,078-301-1,263-1,472-2,462-147-950-1,193-2,108-2,644-3,317-
社債の発行-10,000-----------
社債の償還------10,000-------
自己株式の取得-2-5-2-6-8-5,008-5,001-12,773-15,003-15,004-1-1-
自己株式の売却-------------
配当金の支払-3,046-6,093-1,523-1,523-4,575-4,575-3,000-3,000-5,877-5,877-2,853-2,853-
財務CF5,01311,296-4,7301,093-2,868-46,41212,2726,2523,407-20,18822,82027,070-
換算差額-63871-1,679-1,514-815-1,324104-1,216-1,167-346-104-512-
その他
17.Q217.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
設備投資額7,63912,3863,6647,41311,90819,3645,99912,01218,36734,3697,77615,500-
研究開発費---------11,530---
発行済株式総数101,571,495株101,594,129株101,619,931株101,732,565株101,743,110株100,024,430株98,476,124株95,887,481株95,115,841株95,124,069株95,154,469株95,333,001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.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q220.Q4E
従業員数-16,219人---16,556人---17,080人---
売上/従業員(千円)-23,552---30,755---30,587---
営利/従業員(千円)-1,117---1,962---2,067---