通期売上(百万円)
売上5y CAGR・予想:3.5 %
通期利益(百万円)
営利5y CAGR・予想:7.0 %
純利3y CAGR・予想:-17.9 %
P/L
2018.32019.32020.32021.3E
売上2,427,2712,400,0722,271,248-
前期比118.4%98.9%94.6%-
売上原価2,023,0071,975,9581,861,449-
売上総利益404,264424,113409,798-
%16.7%17.7%18.0%-
販管費314,138339,972357,025-
営業利益90,12584,14052,773-
前期比144.3%93.4%62.7%-
%3.7%3.5%2.3%-
受取利息および受取配当金3,7864,1094,418-
持分法による投資利益176---
営業外収益22,21922,65024,907-
支払利息4,8014,3764,714-
持分法による投資損失-9,3813,778-
営業外費用23,02437,77922,140-
経常利益89,32069,01155,541-
固定資産売却益2,22210,5992,865-
投資有価証券売却益793-244-
特別利益5,08714,7163,302-
固定資産売却損----
投資有価証券売却損-1016,119-
減損損失1,9436,304384-
特別損失4,9918,13920,509-
税引前利益89,41675,58738,334-
法人税等18,7112,17516,762-
%20.9%2.9%43.7%-
当期純利益70,70573,41221,571-
非支配株主に帰属する当期純利益479-814612-
親会社株主に帰属する当期純利益70,22574,22620,958-
前期比-282.3%105.7%28.2%-
%2.9%3.1%0.9%-
 
EBITDA166,241162,989127,485-
EPS141.2円139.7円39.4円150.6円
BPS760.9円659.9円518.2円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)-2,890,0002,650,000-
対実績比-83.0%85.7%-
営業利益(期初予)-110,000100,000-
対実績比-76.5%52.8%-
純利益(期初予)-80,00080,000-
対実績比-92.8%26.2%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価3,180円1,218円1,135円-
企業価値1,808,034988,3801,154,455-
時価総額1,581,256647,182603,034-
純有利子負債205,981383,003551,421-
PER(会予)22.9倍7.2倍7.5倍-
PBR4.2倍1.5倍2.2倍-
PER × PBR97.2倍11.0倍16.5倍-
EV/EBITDA(会予)11.2倍5.4倍6.6倍-
PSR(会予)0.6倍0.3倍0.2倍-
PCFR(会予)11.5倍3.9倍3.9倍-
配当金10.0円20.0円18.0円0.0円
配当利回り0.0%0.8%1.6%-
配当性向7.1%14.3%45.6%-
自己資本配当率1.3%3.0%3.5%-
ROE18.6%21.2%7.6%-
純利益率(再掲)2.9%3.1%0.9%-
総資産回転率1.3回1.3回1.2回-
財務レバレッジ5.0倍5.3倍6.7倍-
実質ROE17.9%20.4%7.2%-
ROIC7.1%8.2%3.4%-
ROA3.7%4.0%1.1%-
β0.651.141.36-
βの決定係数(R2)0.030.100.16-
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422,302266,648225,049-
売上債権471,575539,927429,138-
棚卸資産219,714243,849294,788-
有価証券----
前払金----
繰延税金資産----
貸倒引当金-8,118-4,000-2,629-
流動資産1,217,1931,141,3691,088,626-
固定資産
建物・構築物625,263645,074650,391-
機械・運搬具1,209,1801,188,1481,156,260-
土地92,10683,24582,491-
建設仮勘定45,84847,74129,369-
有形固定資産428,595405,038410,760-
のれん----
無形固定資産44,79739,69545,547-
投資有価証券172,061185,782190,434-
繰延税金資産18,72922,740--
貸倒引当金-2,095-2,480-2,426-
敷金および保証金----
投資その他の資産217,854280,239287,415-
固定資産691,247724,972743,723-
総資産1,908,4611,866,3491,832,349-
 
負債
有利子負債合計628,283649,651776,470-
仕入債務384,966372,166312,873-
前受金----
未払法人税等----
繰延税金負債(固定)----
負債1,506,7481,493,8771,537,211-
 
純資産
資本金5,0005,0005,000-
資本剰余金295,332208,725108,853-
利益剰余金204,906258,040264,729-
自己株式-13,936-13,987-13,993-
非支配株主持分23,26521,60519,535-
純資産401,713372,471295,138-
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89,41675,58738,334-
減価償却費76,11678,84974,712-
のれん償却額----
減損損失1,9436,304384-
受取利息及び受取配当金-3,787-4,110-4,418-
売上債権の増減額-85,373-37,248101,953-
棚卸資産の増減額4,8021,795-56,188-
仕入債務の増減額61,090-47,024-53,614-
営業CF105,27079,04368,086-
投資CF
有価証券の取得-28,912-36,664-35,901-
有価証券の売却・償還6200-
固定資産の購入-116,628-142,848-93,739-
固定資産の売却3,28920,7645,801-
貸付け----
貸付金の回収----
投資CF-126,006-167,587-127,882-
財務CF
短期借入金の純増減額-39,24020,547157,355-
長期借入れ35,00132,6951,790-
長期借入金の返済-20,160-21,189-1,605-
社債の発行----
社債の償還--10,000-30,000-
自己株式の取得-32-85,164-97,078-
自己株式の売却----
配当金の支払--21,076-15,028-
財務CF-29,133-88,5174,560-
換算差額852482-3,239-
その他
2018.32019.32020.32021.3E
設備投資額145,15379,68460,216-
研究開発費-108,545100,591-
発行済株式総数497,249,064株531,311,607株531,307,431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47,171人54,156人52,876人-
売上/従業員(千円)51,45744,31842,954-
営利/従業員(千円)1,9111,554998-
四半期売上(百万円)
売上5y CAGR・予想:3.5 %
四半期利益(百万円)
営利5y CAGR・予想:7.0 %
純利3y CAGR・予想:-17.9 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上1,115,1651,829,4452,427,271533,8581,129,0351,771,5372,400,072514,9921,120,6651,755,5742,271,248517,2902,350,000
前期比121.3%122.7%118.4%105.4%101.2%96.8%98.9%96.5%99.3%99.1%94.6%100.4%103.5%
売上原価916,6331,520,4522,023,007431,174922,0231,459,7131,975,958412,436905,7721,421,8891,861,449435,604-
売上総利益198,531308,993404,264102,683207,012311,823424,113102,555214,893333,685409,79881,685-
%17.8%16.9%16.7%19.2%18.3%17.6%17.7%19.9%19.2%19.0%18.0%15.8%-
販管費157,968238,663314,13877,882160,009243,576339,97287,941177,936267,307357,02572,602-
営業利益40,56270,33090,12524,80147,00268,24784,14014,61336,95766,37752,7739,08382,000
前期比51,344.3%371.4%144.3%145.0%115.9%97.0%93.4%58.9%78.6%97.3%62.7%62.2%155.4%
%3.6%3.8%3.7%4.6%4.2%3.9%3.5%2.8%3.3%3.8%2.3%1.8%3.5%
受取利息および受取配当金2,1723,1533,7861,4032,3393,4684,1091,5092,5913,5354,4181,351-
持分法による投資利益9282,206176----------
営業外収益13,79219,31022,2197,80213,56019,57722,6505,1218,17914,58624,9078,047-
支払利息2,4883,6454,8011,1612,1803,3114,3761,2612,3463,6474,7141,264-
持分法による投資損失---2,3043,2795,2029,3819472,5633,2773,778647-
営業外費用13,22918,53223,02411,31717,35025,80837,7795,79712,02816,84422,1409,336-
経常利益41,12671,10889,32021,28643,21262,01669,01113,93833,10764,11955,5417,79470,000
固定資産売却益4912,0912,2228932,3414,84110,5991136761,0052,8652,792-
投資有価証券売却益--793-----244244244--
特別利益1,3472,9485,0878932,3418,95814,7161139211,4403,3022,792-
固定資産売却損-------------
投資有価証券売却損------10---16,119--
減損損失-9741,943---6,304--316384--
特別損失2,0414,0164,991349801,0428,1397874296220,509208-
税引前利益40,43370,03989,41622,14544,57369,93375,58713,97233,28664,59738,33410,378-
法人税等5,72014,09118,7114,2014,7897,8002,1751,6675,14110,14216,7623,112-
%14.1%20.1%20.9%19.0%10.7%11.2%2.9%11.9%15.4%15.7%43.7%30.0%-
当期純利益34,71255,94770,70517,94339,78362,13373,41212,30528,14554,45521,5717,265-
非支配株主に帰属する当期純利益-26563479-1,258-1,146-946-814-2387472,014612-684-
親会社株主に帰属する当期純利益34,73955,38470,22519,20240,93063,07974,22612,54327,39752,44120,9587,95050,000
前期比-76.5%-134.5%-282.3%132.6%117.8%113.9%105.7%65.3%66.9%83.1%28.2%63.4%238.6%
%3.1%3.0%2.9%3.6%3.6%3.6%3.1%2.4%2.4%3.0%0.9%1.5%2.1%
 
EBITDA73,081124,442166,24143,77085,107126,903162,98931,43971,300120,579127,48526,807-
EPS141.2円141.2円141.2円149.3円139.7円139.7円139.7円39.4円39.4円39.4円39.4円39.4円0.0円
BPS690.7円749.4円760.9円768.9円768.0円796.6円659.9円468.1円515.4円590.5円518.2円525.0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)---2,890,0002,890,0002,890,0002,890,0002,650,0002,650,0002,650,0002,650,000-2,350,000
対実績比---18.5%39.1%61.3%83.0%19.4%42.3%66.2%85.7%--
営業利益(期初予)---110,000110,000110,000110,000100,000100,000100,000100,000-82,000
対実績比---22.5%42.7%62.0%76.5%14.6%37.0%66.4%52.8%--
純利益(期初予)---80,00080,00080,00080,00080,00080,00080,00080,000-50,000
対実績比---24.0%51.2%78.8%92.8%15.7%34.2%65.6%26.2%--
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3,395円3,870円3,180円2,700円2,309円1,102円1,218円1,182円1,195円1,685円1,135円1,146円-
企業価値1,866,9132,134,9541,808,0341,548,5531,472,903928,903988,3801,011,0131,179,6901,440,0321,154,4551,195,505-
時価総額1,688,1901,924,3851,581,2561,342,5721,148,152585,547647,182628,010634,915895,257603,034608,878-
純有利子負債210,569226,778205,981324,751343,356341,198383,003535,265544,775560,133551,421586,627-
PER(会予)28.6倍27.9倍22.9倍16.8倍14.4倍6.5倍7.2倍7.9倍7.9倍11.2倍7.5倍--
PBR5.3倍5.6倍4.2倍3.5倍3.0倍1.4倍1.5倍1.8倍2.3倍3.3倍2.2倍2.2倍-
PER × PBR152.3倍156.3倍97.2倍59.6倍43.1倍9.3倍11.0倍14.1倍18.4倍36.6倍16.5倍--
EV/EBITDA(会予)11.8倍13.2倍11.2倍8.3倍7.9倍4.9倍5.4倍5.7倍6.6倍8.1倍6.6倍--
PSR(会予)0.7倍0.8倍0.6倍0.5倍0.4倍0.2倍0.3倍0.2倍0.2倍0.3倍0.2倍--
PCFR(会予)13.3倍14.0倍11.5倍8.6倍7.4倍3.5倍3.9倍4.0倍4.0倍5.6倍3.9倍8.1倍-
配当金--10.0円---20.0円---18.0円-0.0円
配当利回り0.0%0.0%0.0%0.4%0.4%0.9%0.8%1.7%1.7%1.2%1.6%1.6%-
配当性向--7.1%---14.3%---45.6%--
自己資本配当率1.4%1.3%1.3%2.6%2.6%2.5%3.0%3.8%3.5%3.0%3.5%3.4%-
ROE20.4%18.8%18.6%19.4%18.2%17.5%21.2%8.4%7.7%6.7%7.6%7.5%-
純利益率(再掲)3.1%3.0%2.9%3.6%3.6%3.6%3.1%2.4%2.4%3.0%0.9%1.5%-
総資産回転率1.3回1.2回1.3回1.3回1.3回1.2回1.3回1.2回1.2回1.2回1.2回1.2回-
財務レバレッジ5.5倍5.4倍5.0倍4.8倍4.6倍4.6倍5.3倍7.4倍6.8倍6.2倍6.7倍6.6倍-
実質ROE19.7%18.2%17.9%18.7%17.6%17.0%20.4%8.0%7.3%6.4%7.2%7.2%-
ROIC7.2%7.2%7.1%8.1%7.8%7.7%8.2%3.5%3.5%3.3%3.4%3.3%-
ROA3.7%3.5%3.7%4.0%4.0%3.8%4.0%1.1%1.1%1.1%1.1%1.1%-
β1.110.570.650.720.710.991.141.211.281.351.361.32-
βの決定係数(R2)0.080.020.030.040.040.080.100.120.130.140.160.19-
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435,464397,687422,302305,269294,349295,777266,648238,480211,790215,995225,049236,178-
売上債権478,967578,890471,575442,121512,795540,615539,927497,106510,040511,926429,138414,701-
棚卸資産186,089214,470219,714252,086232,693278,358243,849271,986268,111298,307294,788301,410-
有価証券-------------
前払金-------------
繰延税金資産-------------
貸倒引当金-8,802-9,093-8,118-7,904-6,803-4,721-4,000-5,950-5,708-5,889-2,629-2,449-
流動資産1,232,3071,314,7141,217,1931,120,3451,148,8531,220,0201,141,3691,117,9071,110,7341,154,4581,088,6261,100,004-
固定資産
建物・構築物620,416621,009625,263636,057637,381645,760645,074642,676640,007653,619650,391643,222-
機械・運搬具1,175,5421,197,2641,209,1801,203,1141,199,8811,204,2921,188,1481,177,8031,124,2271,162,3401,156,2601,144,682-
土地--92,106---83,245---82,491--
建設仮勘定--45,848---47,741---29,369--
有形固定資産402,699419,042428,595422,731425,202419,955405,038405,811410,829423,105410,760406,471-
のれん-------------
無形固定資産45,11643,57644,79745,84945,32143,91039,69539,37043,37244,61545,54745,854-
投資有価証券171,897185,303172,061172,477167,872186,362185,782188,439204,087212,903190,434189,104-
繰延税金資産--18,729---22,740------
貸倒引当金-2,436-2,439-2,095-2,146-2,181-2,475-2,480-2,436-2,433-2,809-2,426-2,413-
敷金および保証金-------------
投資その他の資産208,778220,613217,854244,816258,787278,801280,239283,369300,358308,305287,415285,661-
固定資産656,595683,232691,247713,398729,311742,668724,972728,552754,560776,027743,723737,986-
総資産1,888,9321,997,9731,908,4611,833,7621,878,1791,962,6991,866,3491,846,4631,865,2941,930,4851,832,3491,837,991-
 
負債
有利子負債合計646,033624,465628,283630,020637,705636,975649,651773,745756,565776,128776,470822,805-
仕入債務359,378455,611384,966347,361359,866423,494372,166345,109343,715350,644312,873304,603-
前受金-------------
未払法人税等-------------
繰延税金負債(固定)-------------
負債1,531,1421,608,4601,506,7481,430,1441,446,4761,518,0251,493,8771,579,0851,572,1651,594,7621,537,2111,540,060-
 
純資産
資本金5,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,000-
資本剰余金577,221295,331295,332295,346295,346293,830208,725111,647111,647108,911108,853108,851-
利益剰余金-113,662189,680204,906203,016224,745246,894258,040256,298271,148296,190264,729261,684-
自己株式-13,909-13,934-13,936-13,936-13,940-13,941-13,987-13,988-13,989-13,991-13,993-13,991-
非支配株主持分14,28716,79023,26521,13823,44821,19921,60518,41419,04421,72619,53518,689-
純資産357,790389,512401,713403,617431,702444,673372,471267,378293,129335,722295,138297,930-
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40,43370,03989,41622,14544,57369,93375,58713,97233,28664,59738,33410,378-
減価償却費32,51954,11276,11618,96938,10558,65678,84916,82634,34354,20274,71217,724-
のれん償却額-------------
減損損失-9741,943---6,304--316384--
受取利息及び受取配当金-2,173-3,154-3,787-1,403-2,340-3,469-4,110-1,510-2,592-3,536-4,418-1,352-
売上債権の増減額-89,838-181,588-85,37331,307-35,805-48,736-37,24830,69212,08621,488101,95313,922-
棚卸資産の増減額38,17112,2924,802-23,138-990-34,0851,795-32,703-30,274-55,324-56,188-5,770-
仕入債務の増減額32,643127,05161,090-45,651-35,09018,239-47,024-17,192-9,785-10,271-53,614-13,150-
営業CF26,79844,611105,270-32,358-7,45629,40179,043-15,56819,56844,63368,086-11,745-
投資CF
有価証券の取得-17,747-27,927-28,912-5,521-9,282-33,033-36,664-7,487-27,417-31,580-35,901-3,613-
有価証券の売却・償還0062000000000-
固定資産の購入-56,511-88,202-116,628-53,153-99,109-123,589-142,848-17,966-43,906-79,042-93,739-15,581-
固定資産の売却003,28900020,7641,017005,8016,340-
貸付け-------------
貸付金の回収-------------
投資CF-65,009-99,207-126,006-66,371-128,442-150,061-167,587-35,217-83,029-114,582-127,882-11,976-
財務CF
短期借入金の純増減額-20,433-34,741-39,2402,4196,5587,18520,547125,512139,212156,626157,35548,243-
長期借入れ20,00035,00135,001-22,69422,69532,695--1,8041,790--
長期借入金の返済-26-20,162-20,160-325-20,595-20,859-21,189-379-819-1,157-1,605-2,099-
社債の発行-------------
社債の償還-------10,000--30,000-30,000-30,000--
自己株式の取得-3-29-32-4-9-11-85,164-97,073-97,074-97,076-97,0780-
自己株式の売却-------------
配当金の支払----21,011-21,071-21,074-21,076-13,660-13,807-15,024-15,028-10,245-
財務CF-3,628-24,252-29,133-20,743-12,984-16,549-88,51712,772-7,2796,0734,56029,649-
換算差額4,5874,0308523192,686-408482-2,536-3,134-732-3,2392,305-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--145,153---79,684---60,216--
研究開発費------108,545---100,591--
発行済株式総数497,257,122株497,250,358株497,249,064株497,250,919株531,349,150株531,348,110株531,311,607株531,310,593株531,309,742株531,308,740株531,307,431株531,307,203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--47,171人---54,156人---52,876人--
売上/従業員(千円)--51,457---44,318---42,954--
営利/従業員(千円)--1,911---1,554---998--
四半期売上(百万円)
売上5y CAGR・予想:3.5 %
四半期利益(百万円)
営利5y CAGR・予想:7.0 %
純利3y CAGR・予想:-17.9 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上608,738714,280597,826533,858595,177642,502628,535514,992605,673634,909515,674517,2902,350,000
前期比122.7%125.0%106.9%105.4%97.8%90.0%105.1%96.5%101.8%98.8%82.0%100.4%103.5%
売上原価502,773603,819502,555431,174490,849537,690516,245412,436493,336516,117439,560435,604-
売上総利益105,965110,46295,271102,683104,329104,811112,290102,555112,338118,79276,11381,685-
%17.4%15.5%15.9%19.2%17.5%16.3%17.9%19.9%18.5%18.7%14.8%15.8%-
販管費82,51180,69575,47577,88282,12783,56796,39687,94189,99589,37189,71872,602-
営業利益23,45429,76819,79524,80122,20121,24515,89314,61322,34429,420-13,6049,08382,000
前期比903.5%157.8%45.5%145.0%94.7%71.4%80.3%58.9%100.6%138.5%-85.6%62.2%155.4%
%3.9%4.2%3.3%4.6%3.7%3.3%2.5%2.8%3.7%4.6%-2.6%1.8%3.5%
受取利息および受取配当金0001,4030001,5090001,351-
持分法による投資利益3461,278-2,030-000-000--
営業外収益7,5055,5182,9097,8025,7586,0173,0735,1213,0586,40710,3218,047-
支払利息1,2401,1571,1561,1611,0191,1311,0651,2611,0851,3011,0671,264-
持分法による投資損失0002,3049751,9234,1799471,616714501647-
営業外費用7,0175,3034,49211,3176,0338,45811,9715,7976,2314,8165,2969,336-
経常利益23,94329,98218,21221,28621,92618,8046,99513,93819,16931,012-8,5787,79470,000
固定資産売却益1391,6001318931,4482,5005,7581135633291,8602,792-
投資有価証券売却益00793-000-24400--
特別利益9951,6012,1398931,4486,6175,7581138085191,8622,792-
固定資産売却損000-000-000--
投資有価証券売却損000-0010-0016,119--
減損損失0974969-006,304-031668--
特別損失9401,97597534946627,0977866422019,547208-
税引前利益23,99929,60619,37722,14522,42825,3605,65413,97219,31431,311-26,26310,378-
法人税等3,4918,3714,6204,2015883,011-5,6251,6673,4745,0016,6203,112-
%14.5%28.3%23.8%19.0%2.6%11.9%-99.5%11.9%18.0%16.0%-25.2%30.0%-
当期純利益20,50721,23514,75817,94321,84022,35011,27912,30515,84026,310-32,8847,265-
非支配株主に帰属する当期純利益246589-84-1,258112200132-2389851,267-1,402-684-
親会社株主に帰属する当期純利益20,26220,64514,84119,20221,72822,14911,14712,54314,85425,044-31,4837,95050,000
前期比-112.8%485.1%91.1%132.6%107.2%107.3%75.1%65.3%68.4%113.1%-282.4%63.4%238.6%
%3.3%2.9%2.5%3.6%3.7%3.4%1.8%2.4%2.5%3.9%-6.1%1.5%2.1%
 
EBITDA73,081124,442166,24143,77085,107126,903162,98931,43971,300120,579127,48526,807-
EPS141.2円141.2円141.2円149.3円139.7円139.7円139.7円39.4円39.4円39.4円39.4円39.4円0.0円
BPS690.7円749.4円760.9円768.9円768.0円796.6円659.9円468.1円515.4円590.5円518.2円525.0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)---2,890,0002,890,0002,890,0002,890,0002,650,0002,650,0002,650,0002,650,000-2,350,000
対実績比---18.5%39.1%61.3%83.0%19.4%42.3%66.2%85.7%--
営業利益(期初予)---110,000110,000110,000110,000100,000100,000100,000100,000-82,000
対実績比---22.5%42.7%62.0%76.5%14.6%37.0%66.4%52.8%--
純利益(期初予)---80,00080,00080,00080,00080,00080,00080,00080,000-50,000
対実績比---24.0%51.2%78.8%92.8%15.7%34.2%65.6%26.2%--
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3,395円3,870円3,180円2,700円2,309円1,102円1,218円1,182円1,195円1,685円1,135円1,146円-
企業価値1,866,9132,134,9541,808,0341,548,5531,472,903928,903988,3801,011,0131,179,6901,440,0321,154,4551,195,505-
時価総額1,688,1901,924,3851,581,2561,342,5721,148,152585,547647,182628,010634,915895,257603,034608,878-
純有利子負債210,569226,778205,981324,751343,356341,198383,003535,265544,775560,133551,421586,627-
PER(会予)28.6倍27.9倍22.9倍16.8倍14.4倍6.5倍7.2倍7.9倍7.9倍11.2倍7.5倍--
PBR5.3倍5.6倍4.2倍3.5倍3.0倍1.4倍1.5倍1.8倍2.3倍3.3倍2.2倍2.2倍-
PER × PBR152.3倍156.3倍97.2倍59.6倍43.1倍9.3倍11.0倍14.1倍18.4倍36.6倍16.5倍--
EV/EBITDA(会予)11.8倍13.2倍11.2倍8.3倍7.9倍4.9倍5.4倍5.7倍6.6倍8.1倍6.6倍--
PSR(会予)0.7倍0.8倍0.6倍0.5倍0.4倍0.2倍0.3倍0.2倍0.2倍0.3倍0.2倍--
PCFR(会予)13.3倍14.0倍11.5倍8.6倍7.4倍3.5倍3.9倍4.0倍4.0倍5.6倍3.9倍8.1倍-
配当金--10.0円---20.0円---18.0円-0.0円
配当利回り0.0%0.0%0.0%0.4%0.4%0.9%0.8%1.7%1.7%1.2%1.6%1.6%-
配当性向--7.1%---14.3%---45.6%--
自己資本配当率1.4%1.3%1.3%2.6%2.6%2.5%3.0%3.8%3.5%3.0%3.5%3.4%-
ROE20.4%18.8%18.6%19.4%18.2%17.5%21.2%8.4%7.7%6.7%7.6%7.5%-
純利益率(再掲)3.1%3.0%2.9%3.6%3.6%3.6%3.1%2.4%2.4%3.0%0.9%1.5%-
総資産回転率1.3回1.2回1.3回1.3回1.3回1.2回1.3回1.2回1.2回1.2回1.2回1.2回-
財務レバレッジ5.5倍5.4倍5.0倍4.8倍4.6倍4.6倍5.3倍7.4倍6.8倍6.2倍6.7倍6.6倍-
実質ROE19.7%18.2%17.9%18.7%17.6%17.0%20.4%8.0%7.3%6.4%7.2%7.2%-
ROIC7.2%7.2%7.1%8.1%7.8%7.7%8.2%3.5%3.5%3.3%3.4%3.3%-
ROA3.7%3.5%3.7%4.0%4.0%3.8%4.0%1.1%1.1%1.1%1.1%1.1%-
β1.110.570.650.720.710.991.141.211.281.351.361.32-
βの決定係数(R2)0.080.020.030.040.040.080.100.120.130.140.160.19-
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435,464397,687422,302305,269294,349295,777266,648238,480211,790215,995225,049236,178-
売上債権478,967578,890471,575442,121512,795540,615539,927497,106510,040511,926429,138414,701-
棚卸資産186,089214,470219,714252,086232,693278,358243,849271,986268,111298,307294,788301,410-
有価証券-------------
前払金-------------
繰延税金資産-------------
貸倒引当金-8,802-9,093-8,118-7,904-6,803-4,721-4,000-5,950-5,708-5,889-2,629-2,449-
流動資産1,232,3071,314,7141,217,1931,120,3451,148,8531,220,0201,141,3691,117,9071,110,7341,154,4581,088,6261,100,004-
固定資産
建物・構築物620,416621,009625,263636,057637,381645,760645,074642,676640,007653,619650,391643,222-
機械・運搬具1,175,5421,197,2641,209,1801,203,1141,199,8811,204,2921,188,1481,177,8031,124,2271,162,3401,156,2601,144,682-
土地--92,106---83,245---82,491--
建設仮勘定--45,848---47,741---29,369--
有形固定資産402,699419,042428,595422,731425,202419,955405,038405,811410,829423,105410,760406,471-
のれん-------------
無形固定資産45,11643,57644,79745,84945,32143,91039,69539,37043,37244,61545,54745,854-
投資有価証券171,897185,303172,061172,477167,872186,362185,782188,439204,087212,903190,434189,104-
繰延税金資産--18,729---22,740------
貸倒引当金-2,436-2,439-2,095-2,146-2,181-2,475-2,480-2,436-2,433-2,809-2,426-2,413-
敷金および保証金-------------
投資その他の資産208,778220,613217,854244,816258,787278,801280,239283,369300,358308,305287,415285,661-
固定資産656,595683,232691,247713,398729,311742,668724,972728,552754,560776,027743,723737,986-
総資産1,888,9321,997,9731,908,4611,833,7621,878,1791,962,6991,866,3491,846,4631,865,2941,930,4851,832,3491,837,991-
 
負債
有利子負債合計646,033624,465628,283630,020637,705636,975649,651773,745756,565776,128776,470822,805-
仕入債務359,378455,611384,966347,361359,866423,494372,166345,109343,715350,644312,873304,603-
前受金-------------
未払法人税等-------------
繰延税金負債(固定)-------------
負債1,531,1421,608,4601,506,7481,430,1441,446,4761,518,0251,493,8771,579,0851,572,1651,594,7621,537,2111,540,060-
 
純資産
資本金5,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,0005,000-
資本剰余金577,221295,331295,332295,346295,346293,830208,725111,647111,647108,911108,853108,851-
利益剰余金-113,662189,680204,906203,016224,745246,894258,040256,298271,148296,190264,729261,684-
自己株式-13,909-13,934-13,936-13,936-13,940-13,941-13,987-13,988-13,989-13,991-13,993-13,991-
非支配株主持分14,28716,79023,26521,13823,44821,19921,60518,41419,04421,72619,53518,689-
純資産357,790389,512401,713403,617431,702444,673372,471267,378293,129335,722295,138297,930-
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40,43370,03989,41622,14544,57369,93375,58713,97233,28664,59738,33410,378-
減価償却費32,51954,11276,11618,96938,10558,65678,84916,82634,34354,20274,71217,724-
のれん償却額-------------
減損損失0974969-006,304-031668--
受取利息及び受取配当金-2,173-3,154-3,787-1,403-2,340-3,469-4,110-1,510-2,592-3,536-4,418-1,352-
売上債権の増減額-89,838-181,588-85,37331,307-35,805-48,736-37,24830,69212,08621,488101,95313,922-
棚卸資産の増減額38,17112,2924,802-23,138-990-34,0851,795-32,703-30,274-55,324-56,188-5,770-
仕入債務の増減額32,643127,05161,090-45,651-35,09018,239-47,024-17,192-9,785-10,271-53,614-13,150-
営業CF26,79844,611105,270-32,358-7,45629,40179,043-15,56819,56844,63368,086-11,745-
投資CF
有価証券の取得-17,747-27,927-28,912-5,521-9,282-33,033-36,664-7,487-27,417-31,580-35,901-3,613-
有価証券の売却・償還0062000000000-
固定資産の購入-56,511-88,202-116,628-53,153-99,109-123,589-142,848-17,966-43,906-79,042-93,739-15,581-
固定資産の売却003,28900020,7641,017005,8016,340-
貸付け-------------
貸付金の回収-------------
投資CF-65,009-99,207-126,006-66,371-128,442-150,061-167,587-35,217-83,029-114,582-127,882-11,976-
財務CF
短期借入金の純増減額-20,433-34,741-39,2402,4196,5587,18520,547125,512139,212156,626157,35548,243-
長期借入れ20,00035,00135,001-22,69422,69532,695--1,8041,790--
長期借入金の返済-26-20,162-20,160-325-20,595-20,859-21,189-379-819-1,157-1,605-2,099-
社債の発行-------------
社債の償還-------10,000--30,000-30,000-30,000--
自己株式の取得-3-29-32-4-9-11-85,164-97,073-97,074-97,076-97,0780-
自己株式の売却-------------
配当金の支払----21,011-21,071-21,074-21,076-13,660-13,807-15,024-15,028-10,245-
財務CF-3,628-24,252-29,133-20,743-12,984-16,549-88,51712,772-7,2796,0734,56029,649-
換算差額4,5874,0308523192,686-408482-2,536-3,134-732-3,2392,305-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--145,153---79,684---60,216--
研究開発費------108,545---100,591--
発行済株式総数497,257,122株497,250,358株497,249,064株497,250,919株531,349,150株531,348,110株531,311,607株531,310,593株531,309,742株531,308,740株531,307,431株531,307,203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--47,171人---54,156人---52,876人--
売上/従業員(千円)--51,457---44,318---42,954--
営利/従業員(千円)--1,911---1,554---998--