通期売上(百万円)
売上5y CAGR・予想:0.6 %
通期利益(百万円)
営利 CAGR・実績:N/A %
純利5y CAGR・予想:11.9 %
P/L
2017.32018.32019.32020.3
売上3,914,0184,110,8164,078,3444,150,000
前期比96.7%105.0%99.2%101.8%
売上原価3,180,8983,379,8743,310,210-
売上総利益733,119730,942768,133-
%18.7%17.8%18.8%-
販管費582,576604,412541,714-
営業利益150,543126,530--
前期比48.6%84.0%--
%3.8%3.1%-0.0%
受取利息および受取配当金15,43616,366--
持分法による投資利益-3,23010,937-
営業外収益42,15535,272--
支払利息11,4619,036--
持分法による投資損失22,845---
営業外費用68,40447,340--
経常利益124,293114,462182,624-
固定資産売却益53,861---
投資有価証券売却益61,04731,303--
特別利益114,90831,303--
固定資産売却損----
投資有価証券売却損6,272---
減損損失-3,174--
特別損失69,48317,723--
税引前利益169,718128,042182,624-
法人税等64,44031,86854,153-
%38.0%24.9%29.7%-
当期純利益105,27896,173128,471-
非支配株主に帰属する当期純利益17,55725,68927,116-
親会社株主に帰属する当期純利益87,72070,484101,354100,000
前期比137.4%80.4%143.8%98.7%
%2.2%1.7%2.5%2.4%
 
EBITDA339,873339,873319,118-
EPS261.2円209.8円301.9円327.4円
BPS5,308.6円5,485.4円4,112.3円-
期初会社予想
2017.32018.32019.32020.3
売上高(期初予)4,400,0004,150,0004,200,0004,150,000
対実績比89.0%99.1%97.1%-
営業利益(期初予)350,000230,000--
対実績比43.0%55.0%--
純利益(期初予)130,000100,00080,000100,000
対実績比67.5%70.5%126.7%-
配当
ROEデュポン分解
β
マルチプル
2017.32018.32019.32020.3
企業価値2,177,2682,342,2092,645,202-
時価総額1,499,7431,368,6651,543,394-
純有利子負債677,525973,5441,101,808-
PER(会予)15.0倍17.1倍15.4倍-
PBR0.8倍0.7倍1.1倍-
PER × PBR12.6倍12.7倍17.3倍-
EV/EBITDA(会予)5.1倍6.3倍--
PSR(会予)0.4倍0.3倍0.4倍-
PCFR(会予)5.2倍5.1倍5.3倍-
配当金120.0円120.0円120.0円150.0円
配当利回り2.7%2.9%2.6%-
配当性向45.9%45.9%57.2%-
自己資本配当率0.2%1.2%3.2%-
ROE4.9%3.8%7.3%-
純利益率(再掲)2.2%1.7%2.5%-
総資産回転率0.7回0.7回0.8回-
財務レバレッジ3.1倍3.2倍3.8倍-
実質ROE4.9%3.8%7.3%-
ROIC3.2%3.1%--
ROA1.6%1.2%1.9%-
β1.271.131.16-
βの決定係数(R2)0.540.420.52-
自己資本比率(%)
利益剰余金(百万円)
有利子負債(百万円)
B/S
2017.32018.32019.32020.3
流動資産
現金248,040313,458283,235-
売上債権1,180,1431,307,1031,459,190-
棚卸資産1,325,5501,405,286837,540-
有価証券--25,180-
前払金----
繰延税金資産114,223108,954--
貸倒引当金-8,959-8,998--
流動資産3,522,0433,579,2123,159,352-
固定資産
建物・構築物361,310340,447--
機械・運搬具262,129234,690--
土地179,674179,936--
建設仮勘定62,44859,828--
有形固定資産935,078867,884784,849-
のれん120,552105,125228,917-
無形固定資産249,448212,781107,799-
投資有価証券578,758605,434--
繰延税金資産13,06027,350124,464-
貸倒引当金-8,204-6,608--
敷金および保証金----
投資その他の資産775,356827,774--
固定資産1,959,8831,908,4401,983,371-
総資産5,481,9275,487,6525,142,723-
 
負債
有利子負債合計925,5651,215,0581,333,149-
仕入債務736,502687,540756,551-
前受金777,654899,642--
未払法人税等31,23327,25127,024-
繰延税金負債(固定)87,02977,5904,012-
負債3,374,6323,323,1833,393,901-
 
純資産
資本金265,608265,608265,608-
資本剰余金203,658213,898185,302-
利益剰余金1,214,7491,244,492888,541-
自己株式-4,609-4,081-5,572-
非支配株主持分322,059337,547317,943-
純資産2,107,2952,164,4691,748,821-
キャッシュフロー(百万円)
研究開発費(百万円)
C/S
2017.32018.32019.32020.3
営業CF
税金等調整前当期純利益169,718128,042182,624-
減価償却費172,762176,104--
のれん償却額16,56816,484228,917-
減損損失-3,174--
受取利息及び受取配当金-15,437-16,366-6,664-
売上債権の増減額-11,002-42,093--
棚卸資産の増減額--17,229-
仕入債務の増減額-14,26141,733--
営業CF95,913345,109404,924-
投資CF
有価証券の取得-5,033-104,5140-
有価証券の売却・償還17,376112,1220-
固定資産の購入-200,185-165,168-224,263-
固定資産の売却97,0138,23143,509-
貸付け---5,088-
貸付金の回収--3,167-
投資CF8,712-137,181-161,869-
財務CF
短期借入金の純増減額-132,34025,963--
長期借入れ60,2066,449--
長期借入金の返済-62,804-96,841-68,439-
社債の発行30,00020,000--
社債の償還-20,000-60,000-30,000-
自己株式の取得----
自己株式の売却----
配当金の支払-40,283-40,206--
財務CF-162,078-152,113-255,577-
換算差額1,0601,607-3,478-
その他
2017.32018.32019.32020.3
設備投資額195,246153,052--
研究開発費106,729114,531--
発行済株式総数335,813,394株335,951,137株335,666,464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
2017.32018.32019.32020.3
従業員数82,728人80,652人80,744人-
売上/従業員(千円)47,31247,31250,970-
営利/従業員(千円)1,8201,8201,569-
四半期売上(百万円)
売上5y CAGR・予想:0.6 %
四半期利益(百万円)
営利 CAGR・実績:N/A %
純利5y CAGR・予想:11.9 %
P/L
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
売上3,914,018888,2461,825,4812,851,4024,110,816906,1071,872,0642,899,2804,078,344919,3271,877,6632,856,5114,150,000
前期比96.7%22.7%46.6%72.9%105.0%22.0%45.5%70.5%99.2%22.5%46.0%70.0%101.8%
売上原価3,180,898724,4211,496,6142,324,2283,379,874734,5751,526,3302,349,2403,310,210745,7791,531,3562,361,449-
売上総利益733,119163,824328,866527,173730,942171,532345,732550,040768,133173,547346,307495,061-
%18.7%18.4%18.0%18.5%17.8%18.9%18.5%19.0%18.8%18.9%18.4%17.3%-
販管費582,576147,629290,643447,104604,412140,104288,963444,722541,714134,810271,198427,335-
営業利益150,54316,19438,22280,069126,53031,42756,768105,318-----
前期比48.6%10.8%25.4%53.2%84.0%24.8%44.9%83.2%-----
%3.8%1.8%2.1%2.8%3.1%3.5%3.0%3.6%----0.0%
受取利息および受取配当金15,4366,7508,46014,46916,366--------
持分法による投資利益-1,2362,0801,3953,230---10,9374,4509,46411,086-
営業外収益42,15516,39421,55136,57335,2726,42614,7177,482-----
支払利息11,4612,4714,9637,1899,036--------
持分法による投資損失22,845------------
営業外費用68,40414,44718,55925,46147,3403,7646,3588,478-----
経常利益124,29318,14141,21491,181114,46234,08965,127104,323182,62431,64460,8604,756-
固定資産売却益53,861------------
投資有価証券売却益61,047--1,98831,303--------
特別利益114,908--1,98831,303--------
固定資産売却損-------------
投資有価証券売却損6,272------------
減損損失----3,174--------
特別損失69,483-4,70510,86117,723--------
税引前利益169,71818,14136,50982,308128,04234,08965,127104,323182,62431,64460,8604,756-
法人税等64,44013,14518,71441,99431,86815,06629,12249,06254,1539,73521,672-112,922-
%38.0%72.5%51.3%51.0%24.9%44.2%44.7%47.0%29.7%30.8%35.6%-2,374.3%-
当期純利益105,2784,99617,79440,31396,17319,02236,00455,260128,47121,90939,187117,678-
非支配株主に帰属する当期純利益17,5575484,25915,54725,689---27,1165,5379,94916,270-
親会社株主に帰属する当期純利益87,7204,44813,53524,76570,48415,05925,49735,363101,35416,37229,237101,408100,000
前期比137.4%5.1%15.4%28.2%80.4%21.4%36.2%50.2%143.8%16.2%28.8%100.1%98.7%
%2.2%0.5%0.7%0.9%1.7%1.7%1.4%1.2%2.5%1.8%1.6%3.6%2.4%
 
EBITDA339,873339,873339,873339,873339,873319,118319,118319,118319,118----
EPS261.2円209.8円209.8円209.8円209.8円209.8円302.0円302.0円301.9円301.9円301.7円301.7円327.4円
BPS5,308.6円5,324.4円5,324.4円5,461.0円5,485.4円5,431.0円4,198.2円4,279.8円4,112.3円4,262.2円4,159.1円4,159.1円-
期初会社予想
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
売上高(期初予)4,400,0004,150,0004,150,0004,150,0004,150,0004,200,0004,200,0004,200,0004,200,0004,300,0004,300,0004,300,0004,150,000
対実績比89.0%21.4%44.0%68.7%99.1%21.6%44.6%69.0%97.1%21.4%43.7%66.4%-
営業利益(期初予)350,000230,000230,000230,000230,000--------
対実績比43.0%7.0%16.6%34.8%55.0%--------
純利益(期初予)130,000100,000100,000100,000100,00080,00080,00080,00080,000110,000110,000110,000100,000
対実績比67.5%4.4%13.5%24.8%70.5%18.8%31.9%44.2%126.7%14.9%26.6%92.2%-
配当
ROEデュポン分解
β
マルチプル
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
企業価値2,177,2682,365,6272,315,5792,285,9602,342,2091,854,1052,065,3981,864,1032,645,2021,291,5841,197,6321,203,007-
時価総額1,499,7431,544,4281,494,3801,414,2751,368,6651,354,3931,472,1131,327,6551,543,3941,574,8191,421,6551,427,030-
純有利子負債677,525821,199821,199871,685973,544499,712593,285536,4481,101,808-283,235-224,023-224,023-
PER(会予)15.0倍15.4倍14.9倍17.7倍17.1倍16.9倍18.4倍16.6倍15.4倍14.3倍12.9倍13.0倍-
PBR0.8倍0.9倍0.8倍0.8倍0.7倍0.7倍1.0倍0.9倍1.1倍1.1倍1.0倍1.0倍-
PER × PBR12.6倍13.3倍12.5倍13.6倍12.7倍12.6倍19.2倍15.3倍17.3倍15.8倍13.2倍13.3倍-
EV/EBITDA(会予)5.1倍5.6倍5.5倍6.2倍6.3倍--------
PSR(会予)0.4倍0.4倍0.4倍0.3倍0.3倍0.3倍0.4倍0.3倍0.4倍0.4倍0.3倍0.3倍-
PCFR(会予)5.2倍5.3倍5.2倍5.3倍5.1倍5.0倍5.4倍4.9倍5.3倍4.6倍4.2倍4.2倍-
配当金120.0円120.0円120.0円120.0円120.0円120.0円120.0円120.0円120.0円130.0円130.0円130.0円150.0円
配当利回り2.7%2.6%2.7%2.9%2.9%3.0%2.7%3.0%2.6%2.8%3.1%3.1%-
配当性向45.9%45.9%45.9%45.9%45.9%57.2%57.2%57.2%57.2%43.1%43.1%43.1%-
自己資本配当率0.2%1.2%1.2%1.2%1.2%1.2%3.1%3.0%3.2%3.1%3.1%3.1%-
ROE4.9%3.9%3.9%3.8%3.8%3.9%7.2%7.1%7.3%7.1%7.3%7.3%-
純利益率(再掲)2.2%0.5%0.7%0.9%1.7%1.7%1.4%1.2%2.5%1.8%1.6%3.6%-
総資産回転率0.7回0.7回0.7回0.7回0.7回0.7回0.8回0.8回0.8回0.8回0.8回0.8回-
財務レバレッジ3.1倍3.1倍3.1倍3.1倍3.2倍3.0倍3.7倍3.7倍3.8倍3.6倍3.7倍3.7倍-
実質ROE4.9%3.9%3.9%3.8%3.8%3.9%7.2%7.0%7.3%7.1%7.2%7.2%-
ROIC3.2%3.3%3.3%3.2%3.1%3.6%-------
ROA1.6%1.3%1.3%1.3%1.2%1.3%1.9%1.9%1.9%2.0%2.0%2.0%-
β1.271.281.321.231.131.041.091.091.161.051.071.07-
βの決定係数(R2)0.540.510.530.460.420.380.410.480.520.480.490.49-
自己資本比率(%)
利益剰余金(百万円)
有利子負債(百万円)
B/S
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
流動資産
現金248,040221,442226,739241,514313,458222,987233,026231,341283,235258,155224,023247,897-
売上債権1,180,1431,137,6691,137,6691,176,7781,307,1031,232,7421,431,6101,420,3301,459,190717,414577,515577,515-
棚卸資産1,325,5501,364,0111,364,0111,386,5771,405,2861,212,813794,048821,522837,540739,252804,516804,516-
有価証券--------25,18027,28824,05323,900-
前払金-------------
繰延税金資産114,223114,201124,010114,014108,954--------
貸倒引当金-8,959-9,565-9,979-8,743-8,998--------
流動資産3,522,0433,561,9243,632,2183,859,9053,579,2123,246,4103,242,4103,325,9303,159,3523,130,1193,068,9753,338,002-
固定資産
建物・構築物361,310356,897357,839357,001340,447--------
機械・運搬具262,129257,613257,783255,307234,690--------
土地179,674179,866180,091180,514179,936--------
建設仮勘定62,44866,29969,55564,50459,828--------
有形固定資産935,078929,931936,054928,109867,884773,127776,666766,990784,849783,569798,788802,655-
のれん120,552117,648114,190110,332105,125121,385122,323121,554228,917120,922127,418126,103-
無形固定資産249,448242,556234,915225,716212,781219,203216,288209,411107,799127,246149,72879,783-
投資有価証券578,758594,907605,553684,242605,434--------
繰延税金資産13,06014,01913,49313,12227,350---124,464142,034144,579286,887-
貸倒引当金-8,204-8,315-8,989-8,005-6,608--------
敷金および保証金-------------
投資その他の資産775,356794,551796,479871,233827,774--------
固定資産1,959,8831,967,0391,967,4492,025,0591,908,4402,022,2502,010,6301,943,8601,983,3712,085,9822,118,4382,209,117-
総資産5,481,9275,528,9645,599,6675,884,9645,487,6525,268,6605,253,0405,269,7905,142,7235,216,1015,187,4135,547,119-
 
負債
有利子負債合計925,5651,042,6411,042,6411,098,4241,215,058813,170816,272769,4741,333,149000-
仕入債務736,502687,359687,359671,183687,540771,324765,695740,882756,551862,174764,578764,578-
前受金777,654800,416775,293873,127899,642--------
未払法人税等31,23315,50424,26926,81427,251---27,02411,82717,96422,060-
繰延税金負債(固定)87,02988,786100,603109,66977,590---4,0123,4166,6867,861-
負債3,374,6323,414,8873,439,9583,703,7583,323,1833,558,8603,509,0203,578,2303,393,9013,517,7843,470,7844,156,784-
 
純資産
資本金265,608265,608265,608265,608265,608265,608265,608265,608265,608265,608265,608265,608-
資本剰余金203,658203,748213,739213,872213,898---185,302184,862197,59547,073-
利益剰余金1,214,7491,198,6051,207,5981,198,7741,244,492828,484844,679833,510888,541863,128879,025926,582-
自己株式-4,609-4,379-4,258-4,208-4,081-6,001-5,883-5,703-5,572-5,261-5,025-4,878-
非支配株主持分322,059323,206322,858336,084337,547301,045307,701311,213317,943315,067319,47273,135-
純資産2,107,2952,114,0762,159,7092,181,2052,164,4691,709,8001,744,0201,691,5601,748,8211,698,3171,716,6291,390,334-
キャッシュフロー(百万円)
研究開発費(百万円)
C/S
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
営業CF
税金等調整前当期純利益169,71818,14136,50982,308128,042---182,62431,64460,8604,756-
減価償却費172,762-82,848-176,10450,307102,443159,524-----
のれん償却額16,568-8,212-16,484---228,917----
減損損失----3,174--------
受取利息及び受取配当金-15,437--8,460--16,366----6,664-2,811-4,650-5,967-
売上債権の増減額-11,002-26,723--42,093--------
棚卸資産の増減額---53,493-----17,229-50,770-62,101-51,819-
仕入債務の増減額-14,261--69,409-41,733--------
営業CF95,913--110,844-345,109-55,575-4,288-30,704404,924-119,958-91,176-137,137-
投資CF
有価証券の取得-5,0330-2,2380-104,5140000000-
有価証券の売却・償還17,376024,4620112,1220000000-
固定資産の購入-200,1850-79,5520-165,168-48,770-95,253-152,874-224,263-59,005-109,551-184,190-
固定資産の売却97,01308,61408,23100043,50918,90319,69424,253-
貸付け---------5,088-487-504-505-
貸付金の回収--------3,167386978-
投資CF8,712--75,451--137,181-41,251-70,727-123,707-161,869-49,459-120,131-186,018-
財務CF
短期借入金の純増減額-132,340-223,460-25,963--------
長期借入れ60,206-2,089-6,449--------
長期借入金の返済-62,804--10,248--96,841----68,439-1,610-9,379-17,420-
社債の発行30,000-20,000-20,000--------
社債の償還-20,000--60,000--60,000----30,000--15,000-65,000-
自己株式の取得-------------
自己株式の売却-------------
配当金の支払-40,283--20,107--40,206--------
財務CF-162,078-149,738--152,11319,8646,08893,280-255,577150,377158,915289,984-
換算差額1,060-10,454-1,607----3,478-6,039-6,819-2,166-
その他
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
設備投資額195,246---153,052--------
研究開発費106,72923,12344,82878,075114,53130,43623,32697,600-----
発行済株式総数335,813,394株335,891,218株335,891,218株335,932,407株335,951,137株335,994,282株335,562,493株335,605,285株335,666,464株335,710,742株335,929,843株335,929,843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
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
従業員数82,728人---80,652人---80,744人----
売上/従業員(千円)47,31247,31247,31247,31247,31250,97050,97050,97050,97050,51050,51050,510-
営利/従業員(千円)1,8201,8201,8201,8201,8201,5691,5691,5691,569000-