通期売上(百万円)
売上5y CAGR・予想:-9.7 %
通期利益(百万円)
営利 CAGR・実績:N/A %
純利 CAGR・実績:N/A %
P/L
2018.32019.32020.32021.3E
売上11,951,16911,574,2479,878,866-
前期比102.0%96.8%85.4%-
売上原価9,814,0019,670,4028,442,905-
売上総利益2,137,1681,903,8451,435,961-
%17.9%16.4%14.5%-
販管費1,562,4081,585,6211,476,430-
営業利益574,760318,224-40,469-
前期比77.4%55.4%-12.7%-
%4.8%2.7%--
受取利息および受取配当金27,75538,33828,550-
持分法による投資利益205,645218,56586,547-
営業外収益249,338311,186184,824-
支払利息12,67013,47810,874-
持分法による投資損失----
営業外費用73,79682,912100,306-
経常利益750,302546,49844,049-
固定資産売却益10,40817,71211,246-
投資有価証券売却益----
特別利益12,59228,31652,362-
固定資産売却損4,1492,9606,026-
投資有価証券売却損----
減損損失16,16613,339540,642-
特別損失52,15197,106669,433-
税引前利益710,743477,708-573,022-
法人税等-52,914135,79393,156-
%-7.4%28.4%-16.3%-
当期純利益763,657341,915-666,178-
非支配株主に帰属する当期純利益16,76522,7775,038-
親会社株主に帰属する当期純利益746,892319,138-671,216-
前期比112.6%42.7%-210.3%-
%6.2%2.8%--
 
EBITDA574,760318,224--
EPS191.0円81.6円-171.6円16.6円
BPS1,380.4円1,355.2円1,039.0円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)11,800,00012,000,00011,300,000-
対実績比101.3%96.5%87.4%-
営業利益(期初予)685,000540,000230,000-
対実績比83.9%58.9%-17.6%-
純利益(期初予)535,000500,000170,000-
対実績比139.6%63.8%-394.8%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価1,104円908円357円-
企業価値12,000,19910,585,0427,920,497-
時価総額4,317,0083,553,4581,394,988-
純有利子負債6,603,5186,810,0986,525,509-
PER(会予)6.1倍8.7倍21.5倍-
PBR0.8倍0.7倍0.3倍-
PER × PBR5.0倍5.8倍7.4倍-
EV/EBITDA(会予)21.2倍23.5倍93.2倍-
PSR(会予)0.4倍0.3倍0.1倍-
PCFR(会予)6.1倍8.7倍21.5倍-
配当金53.0円57.0円10.0円10.0円
配当利回り4.3%5.8%2.8%-
配当性向27.7%69.9%-5.8%-
自己資本配当率3.8%4.2%1.0%-
ROE13.8%6.0%--
純利益率(再掲)6.2%2.8%--
総資産回転率0.6回0.6回0.6回-
財務レバレッジ3.5倍3.6倍4.2倍-
実質ROE13.5%5.9%--
ROIC4.8%1.4%--
ROA4.0%1.7%--
β0.911.021.13-
βの決定係数(R2)0.400.520.61-
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1,134,8381,219,5881,382,471-
売上債権739,851512,164356,156-
棚卸資産1,290,5491,257,9231,340,423-
有価証券71,200139,470260,510-
前払金----
繰延税金資産152,452---
貸倒引当金-116,572-127,092-142,264-
流動資産11,530,39311,613,10510,675,939-
固定資産
建物・構築物600,675590,717582,716-
機械・運搬具3,392,1343,436,4372,936,316-
土地598,780595,776589,064-
建設仮勘定209,237233,070227,165-
有形固定資産5,265,6345,305,6984,518,850-
のれん----
無形固定資産128,782134,471114,932-
投資有価証券1,264,5321,338,8751,177,184-
繰延税金資産321,426326,759--
貸倒引当金-1,802-2,358-3,885-
敷金および保証金----
投資その他の資産1,815,1261,899,0711,666,988-
固定資産7,209,5427,339,2406,300,770-
総資産18,739,93518,952,34516,976,709-
 
負債
有利子負債合計7,738,3568,029,6867,907,980-
仕入債務1,646,6381,580,4521,357,047-
前受金----
未払法人税等----
繰延税金負債(固定)375,087339,991--
負債13,038,22513,328,83512,551,936-
 
純資産
資本金605,814605,814605,814-
資本剰余金815,913814,682818,056-
利益剰余金4,921,7224,961,9804,125,043-
自己株式-139,970-139,457-139,262-
非支配株主持分303,914320,835360,484-
純資産5,701,7105,623,5104,424,773-
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710,743477,708-573,022-
減価償却費----
のれん償却額----
減損損失16,16613,339540,642-
受取利息及び受取配当金-27,755-38,338-28,550-
売上債権の増減額73,149228,010141,882-
棚卸資産の増減額9,61213,098-118,578-
仕入債務の増減額108,330-43,721-255,686-
営業CF1,071,2501,450,8881,185,854-
投資CF
有価証券の取得-26,207-31,328-11,776-
有価証券の売却・償還10,1681782,648-
固定資産の購入-398,797-422,569-464,219-
固定資産の売却39,74246,43349,242-
貸付け-555-372-607-
貸付金の回収7323,390735-
投資CF-1,147,719-1,133,547-708,687-
財務CF
短期借入金の純増減額-147,508213,577509,217-
長期借入れ1,413,9081,313,2941,655,629-
長期借入金の返済-1,463,828-1,344,303-1,718,635-
社債の発行858,002363,868160,124-
社債の償還-362,911-416,059-571,399-
自己株式の取得-6-5-2-
自己株式の売却1,357---
配当金の支払-197,541-215,101-150,652-
財務CF36,810-127,140-155,494-
換算差額4,535-38,258-43,954-
その他
2018.32019.32020.32021.3E
設備投資額1,787,4451,748,659509,200-
研究開発費-523,100544,800-
発行済株式総数3,910,356,218株3,912,904,489株3,911,913,738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138,910人138,893人136,134人-
売上/従業員(千円)86,03583,33272,567-
営利/従業員(千円)4,1382,291-297-
四半期売上(百万円)
売上5y CAGR・予想:-9.7 %
四半期利益(百万円)
営利 CAGR・実績:N/A %
純利 CAGR・実績:N/A %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上5,652,5098,527,99211,951,1692,716,5925,532,7228,578,42611,574,2472,372,4225,003,0757,507,2869,878,8661,174,1947,800,000
前期比106.2%103.2%102.0%98.4%97.9%100.6%96.8%87.3%90.4%87.5%85.4%49.5%79.0%
売上原価4,625,5727,018,9959,814,0012,273,5804,620,6917,165,9079,670,4022,035,4014,234,8836,395,5318,442,9051,075,574-
売上総利益1,026,9371,508,9972,137,168443,012912,0311,412,5191,903,845337,021768,1921,111,7551,435,96198,620-
%18.2%17.7%17.9%16.3%16.5%16.5%16.4%14.2%15.4%14.8%14.5%8.4%-
販管費745,1051,144,7621,562,408333,868701,6961,098,8421,585,621335,412736,5841,057,4121,476,430252,546-
営業利益281,832364,235574,760109,144210,335313,677318,2241,60931,60854,343-40,469-153,926-470,000
前期比83.0%72.4%77.4%71.2%74.6%86.1%55.4%1.5%15.0%17.3%-12.7%-9,566.6%1,161.4%
%5.0%4.3%4.8%4.0%3.8%3.7%2.7%0.1%0.6%0.7%---6.0%
受取利息および受取配当金15,94721,28327,75515,32322,93131,21938,33812,50418,70923,78828,5504,001-
持分法による投資利益93,957138,831205,64544,406113,219149,497218,56533,12484,26683,79086,547--
営業外収益137,744168,096249,33890,388146,995233,219311,18648,068107,766141,328184,82437,295-
支払利息6,0019,28012,6703,1495,7479,08413,4782,8355,6928,41910,8742,970-
持分法による投資損失-----------84,655-
営業外費用50,04335,67873,79640,63027,39875,05182,91214,34923,73254,239100,306115,649-
経常利益369,533496,653750,302158,902329,932471,845546,49835,328115,642141,43244,049-232,280-
固定資産売却益2,9176,37910,4087,29710,22313,57217,7123,2076,8188,66811,2462,545-
投資有価証券売却益-------------
特別利益3,5957,11712,5927,43410,42515,50928,3163,38510,00513,38452,3628,716-
固定資産売却損1,7792,4544,1492974242,0742,960453,2375,3986,026368-
投資有価証券売却損-------------
減損損失-4,52116,166--1,53713,339---540,642--
特別損失8,17815,33452,1515,92916,45826,07397,10611,83820,92840,346669,43381,035-
税引前利益364,950488,436710,743160,407323,899461,281477,70826,875104,719114,470-573,022-304,599-
法人税等78,932-101,472-52,91438,94966,669128,201135,79316,63531,21962,95093,156-20,303-
%21.6%-20.8%-7.4%24.3%20.6%27.8%28.4%61.9%29.8%55.0%-16.3%6.7%-
当期純利益286,018589,908763,657121,458257,230333,080341,91510,24073,50051,520-666,178-284,296-
非支配株主に帰属する当期純利益9,50911,77316,7655,62910,97216,41722,7773,8638,13512,2475,0381,293-
親会社株主に帰属する当期純利益276,509578,135746,892115,829246,258316,663319,1386,37765,36539,273-671,216-285,589-670,000
前期比97.9%139.6%112.6%85.9%89.1%54.8%42.7%5.5%26.5%12.4%-210.3%-4,478.4%99.8%
%4.9%6.8%6.2%4.3%4.5%3.7%2.8%0.3%1.3%0.5%---8.6%
 
EBITDA281,832364,235574,760109,144210,335313,677318,2241,60931,60854,343---
EPS190.9円191.0円191.0円81.6円81.6円81.6円81.6円-171.5円-171.5円-171.5円-171.6円-171.5円-171.5円
BPS1,300.5円1,358.4円1,380.4円1,355.9円1,400.4円1,364.4円1,355.2円1,311.1円1,302.1円1,290.9円1,039.0円947.2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)11,800,00011,800,00011,800,00012,000,00012,000,00012,000,00012,000,00011,300,00011,300,00011,300,00011,300,000-7,800,000
対実績比47.9%72.3%101.3%22.6%46.1%71.5%96.5%21.0%44.3%66.4%87.4%--
営業利益(期初予)685,000685,000685,000540,000540,000540,000540,000230,000230,000230,000230,000--470,000
対実績比41.1%53.2%83.9%20.2%39.0%58.1%58.9%0.7%13.7%23.6%-17.6%--
純利益(期初予)535,000535,000535,000500,000500,000500,000500,000170,000170,000170,000170,000--670,000
対実績比51.7%108.1%139.6%23.2%49.3%63.3%63.8%3.8%38.5%23.1%-394.8%--
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1,115円1,124円1,104円1,078円1,064円880円908円772円674円636円357円399円-
企業価値11,263,19111,558,14212,000,19910,818,88210,912,57710,446,56010,585,0429,829,2959,276,8229,128,1247,920,4978,161,448-
時価総額4,359,0484,394,6274,317,0084,215,3644,159,6523,443,1033,553,4583,019,1972,637,8292,489,1311,394,9881,562,101-
純有利子負債7,163,5157,683,1916,603,5186,752,9257,003,4577,031,5846,810,0986,648,6016,638,9936,730,0286,525,5096,599,347-
PER(会予)8.1倍-6.1倍8.4倍8.3倍6.9倍8.7倍17.8倍15.5倍22.6倍21.5倍--
PBR0.9倍0.9倍0.8倍0.8倍0.8倍0.6倍0.7倍0.6倍0.5倍0.5倍0.3倍0.4倍-
PER × PBR7.3倍-5.0倍6.6倍6.5倍4.3倍5.8倍10.1倍8.0倍11.1倍7.4倍--
EV/EBITDA(会予)16.4倍-21.2倍20.0倍20.2倍19.3倍23.5倍42.7倍40.3倍60.9倍93.2倍--
PSR(会予)0.4倍-0.4倍0.4倍0.3倍0.3倍0.3倍0.3倍0.2倍0.2倍0.1倍0.2倍-
PCFR(会予)8.1倍-6.1倍8.4倍8.3倍6.9倍8.7倍17.8倍15.5倍22.6倍21.5倍-2.3倍-
配当金--53.0円---57.0円---10.0円-10.0円
配当利回り4.3%4.3%4.3%4.9%5.0%6.0%5.8%7.4%8.5%9.0%2.8%2.5%-
配当性向--27.7%---69.9%----5.8%--
自己資本配当率4.1%3.9%3.8%4.2%4.1%4.2%4.2%0.8%0.8%0.8%1.0%1.1%-
ROE14.7%14.1%13.8%6.0%5.8%6.0%6.0%------
純利益率(再掲)4.9%6.8%6.2%4.3%4.5%3.7%2.8%0.3%1.3%0.5%---
総資産回転率0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.5回0.5回0.5回0.6回0.6回-
財務レバレッジ3.8倍3.7倍3.5倍3.5倍3.5倍3.6倍3.6倍3.5倍3.5倍3.6倍4.2倍4.3倍-
実質ROE14.3%13.7%13.5%5.9%5.7%5.8%5.9%------
ROIC4.7%4.4%4.8%1.4%1.3%1.3%1.4%------
ROA3.9%3.8%4.0%1.7%1.7%1.7%1.7%------
β0.960.920.910.980.970.981.021.051.071.071.131.13-
βの決定係数(R2)0.390.380.400.440.430.490.520.530.530.530.610.62-
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1,046,5681,120,7401,134,8381,068,4811,086,9101,179,0171,219,5881,112,6101,090,8451,204,1781,382,4711,334,759-
売上債権590,101536,603739,851554,876494,495457,423512,164415,812478,196410,955356,156303,517-
棚卸資産1,622,4761,713,0081,290,5491,444,5441,534,2171,483,1461,257,9231,380,2711,383,1461,436,4021,340,4231,202,322-
有価証券156,631134,33271,200105,899119,243145,537139,470118,740257,311214,327260,510125,975-
前払金-------------
繰延税金資産--152,452----------
貸倒引当金-114,298-114,404-116,572-120,702-118,753-122,532-127,092-125,244-123,054-123,798-142,264-205,598-
流動資産12,047,11112,332,58411,530,39311,461,85511,744,64411,725,92911,613,10510,897,82910,890,50110,973,89310,675,9399,757,237-
固定資産
建物・構築物607,734604,249600,675595,858599,992588,750590,717659,267650,696653,132582,716580,212-
機械・運搬具3,492,8973,534,7073,392,1343,460,2603,582,2893,478,1383,436,4373,320,2983,285,7643,284,7252,936,3162,801,301-
土地600,371600,525598,780598,096599,937595,834595,776598,412591,651593,218589,064589,447-
建設仮勘定203,985173,707209,237172,640142,574163,920233,070221,929225,097216,816227,165208,600-
有形固定資産5,378,9095,398,8905,265,6345,275,0635,396,9445,280,2405,305,6985,227,9695,169,0225,197,8484,518,8504,382,848-
のれん-------------
無形固定資産133,061133,005128,782126,420125,978124,745134,471125,264121,830121,641114,932110,029-
投資有価証券1,225,2951,251,1291,264,5321,230,6111,297,7111,272,7921,338,8751,347,3871,300,2311,206,3881,177,1841,076,526-
繰延税金資産--321,426---326,759------
貸倒引当金-1,539-1,308-1,802-1,774-1,669-1,630-2,358-2,248-2,163-2,256-3,885-3,911-
敷金および保証金-------------
投資その他の資産1,633,5431,700,9171,815,1261,809,5561,863,0371,832,7591,899,0711,924,4361,871,5481,795,2161,666,9881,580,719-
固定資産7,145,5137,232,8127,209,5427,211,0397,385,9597,237,7447,339,2407,277,6697,162,4007,114,7056,300,7706,073,596-
総資産19,192,62419,565,39618,739,93518,672,89419,130,60318,963,67318,952,34518,175,49818,052,90118,088,59816,976,70915,830,833-
 
負債
有利子負債合計8,210,0838,803,9317,738,3567,821,4068,090,3678,210,6018,029,6867,761,2117,729,8387,934,2067,907,9807,934,106-
仕入債務1,680,7641,541,4391,646,6381,572,9661,591,4361,559,7871,580,4521,464,5851,536,8561,407,6321,357,047781,490-
前受金-------------
未払法人税等-------------
繰延税金負債(固定)--375,087---339,991------
負債13,819,59913,963,81313,038,22513,078,75213,353,88913,323,33413,328,83512,685,99812,600,66912,667,43212,551,93611,776,130-
 
純資産
資本金605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814-
資本剰余金818,585816,487815,913814,610815,414815,255814,682818,307818,307818,056818,056818,059-
利益剰余金4,531,7624,729,7304,921,7224,872,9194,999,6514,959,5054,961,9804,842,4814,901,4624,835,5324,125,0433,792,600-
自己株式-140,609-140,980-139,970-140,358-139,991-139,992-139,457-139,347-139,275-139,272-139,262-139,746-
非支配株主持分285,594289,599303,914290,664299,185301,879320,835358,855356,776369,718360,484348,116-
純資産5,373,0255,601,5835,701,7105,594,1425,776,7145,640,3395,623,5105,489,5005,452,2325,421,1664,424,7734,054,703-
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364,950488,436710,743160,407323,899461,281477,70826,875104,719114,470-573,022-304,599-
減価償却費-------------
のれん償却額-------------
減損損失-4,52116,166--1,53713,339---540,642--
受取利息及び受取配当金-15,947-21,283-27,755-15,323-22,931-31,219-38,338-12,504-18,709-23,788-28,550-4,001-
売上債権の増減額237,745292,35973,149180,611249,928282,031228,01090,04925,044106,087141,88245,841-
棚卸資産の増減額-277,385-362,2509,612-157,158-212,813-190,66213,098-139,634-155,740-164,811-118,578147,018-
仕入債務の増減額75,616-140,320108,330-133,954-209,222-248,114-43,721-197,046-132,310-328,161-255,686-636,065-
営業CF333,835244,0991,071,250322,279524,905752,4871,450,888275,780584,191810,2831,185,85420,539-
投資CF
有価証券の取得-10,980-23,158-26,207-11,237-20,378-30,673-31,328-7,960-8,419-11,265-11,7760-
有価証券の売却・償還5,9956,43510,1680001780002,648623-
固定資産の購入-197,931-290,461-398,797-101,112-199,714-294,687-422,569-135,862-244,080-359,792-464,219-108,196-
固定資産の売却19,33829,50739,74214,29923,82435,70746,43310,62827,44839,61749,2424,516-
貸付け-127-467-555-172-214-293-372-158-260-302-607-8-
貸付金の回収405536732981643,2873,39035554156473576-
投資CF-620,138-956,832-1,147,719-136,386-406,559-678,036-1,133,547-139,330-296,531-522,934-708,687-206,085-
財務CF
短期借入金の純増減額43,977344,995-147,50871,596153,322371,394213,57785,177103,384241,839509,217-347,267-
長期借入れ595,8271,188,3041,413,908170,800298,005686,9711,313,294419,481835,9691,223,8061,655,629896,849-
長期借入金の返済-665,625-1,074,759-1,463,828-290,145-573,317-902,139-1,344,303-591,670-954,036-1,345,893-1,718,635-404,864-
社債の発行549,695658,007858,00233,037255,081315,082363,86833,07497,544129,693160,12422,912-
社債の償還-143,055-158,055-362,911-77,604-111,177-149,199-416,059-102,535-231,906-282,870-571,399-148,284-
自己株式の取得-3-5-6-1-3-4-5-1-1-2-2--
自己株式の売却2573811,357----------
配当金の支払-93,883-197,541-197,541-103,627-103,627-215,101-215,101-111,520-111,520-150,652-150,652--
財務CF240,919705,97236,810-205,466-111,64470,656-127,140-266,815-280,788-214,921-155,49410,176-
換算差額7,44320,7034,535-13,162-7,664-27,668-38,258-3,394-23,825-19,185-43,954-6,877-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--1,787,445---1,748,659---509,200--
研究開発費------523,100---544,800--
発行済株式総数3,911,550,613株3,910,333,390株3,910,356,218株3,911,285,431株3,911,283,720株3,912,638,409株3,912,904,489株3,913,102,984株3,913,112,626株3,913,137,313株3,911,913,738株3,913,079,507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--138,910人---138,893人---136,134人--
売上/従業員(千円)--86,035---83,332---72,567--
営利/従業員(千円)--4,138---2,291----297--
四半期売上(百万円)
売上5y CAGR・予想:-9.7 %
四半期利益(百万円)
営利 CAGR・実績:N/A %
純利 CAGR・実績:N/A %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上2,892,0732,875,4833,423,1772,716,5922,816,1303,045,7042,995,8212,372,4222,630,6532,504,2112,371,5801,174,1947,800,000
前期比108.5%97.7%99.1%98.4%97.4%105.9%87.5%87.3%93.4%82.2%79.2%49.5%79.0%
売上原価2,358,4922,393,4232,795,0062,273,5802,347,1112,545,2162,504,4952,035,4012,199,4822,160,6482,047,3741,075,574-
売上総利益533,581482,060628,171443,012469,019500,488491,326337,021431,171343,563324,20698,620-
%18.4%16.8%18.4%16.3%16.7%16.4%16.4%14.2%16.4%13.7%13.7%8.4%-
販管費405,066399,657417,646333,868367,828397,146486,779335,412401,172320,828419,018252,546-
営業利益128,51582,403210,525109,144101,191103,3424,5471,60929,99922,735-94,812-153,926-470,000
前期比78.4%50.4%88.1%71.2%78.7%125.4%2.2%1.5%29.6%22.0%-2,085.2%-9,566.6%1,161.4%
%4.4%2.9%6.1%4.0%3.6%3.4%0.2%0.1%1.1%0.9%-4.0%-13.1%-6.0%
受取利息および受取配当金00015,32300012,5040004,001-
持分法による投資利益56,55744,87466,81444,40668,81336,27869,06833,12451,142-4762,757--
営業外収益68,44730,35281,24290,38856,60786,22477,96748,06859,69833,56243,49637,295-
支払利息2,3663,2793,3903,1492,5983,3374,3942,8352,8572,7272,4552,970-
持分法による投資損失000-000-00084,655-
営業外費用17,029-14,36538,11840,630-13,23247,6537,86114,3499,38330,50746,067115,649-
経常利益179,933127,120253,649158,902171,030141,91374,65335,32880,31425,790-97,383-232,280-
固定資産売却益1,9653,4624,0297,2972,9263,3494,1403,2073,6111,8502,5782,545-
投資有価証券売却益000-000-000--
特別利益2,4613,5225,4757,4342,9915,08412,8073,3856,6203,37938,9788,716-
固定資産売却損1,1026751,6952971271,650886453,1922,161628368-
投資有価証券売却損000-000-000--
減損損失04,52111,645-01,53711,802-00540,642--
特別損失3,5347,15636,8175,92910,5299,61571,03311,8389,09019,418629,08781,035-
税引前利益178,860123,486222,307160,407163,492137,38216,42726,87577,8449,751-687,492-304,599-
法人税等33,158-180,40448,55838,94927,72061,5327,59216,63514,58431,73130,206-20,303-
%18.5%-146.1%21.8%24.3%17.0%44.8%46.2%61.9%18.7%325.4%-4.4%6.7%-
当期純利益145,702303,890173,749121,458135,77275,8508,83510,24063,260-21,980-717,698-284,296-
非支配株主に帰属する当期純利益4,1092,2644,9925,6295,3435,4456,3603,8634,2724,112-7,2091,293-
親会社株主に帰属する当期純利益141,593301,626168,757115,829130,42970,4052,4756,37758,988-26,092-710,489-285,589-670,000
前期比96.9%229.0%67.7%85.9%92.1%23.3%1.5%5.5%45.2%-37.1%-28,706.6%-4,478.4%99.8%
%4.9%10.5%4.9%4.3%4.6%2.3%0.1%0.3%2.2%-1.0%-30.0%-24.3%-8.6%
 
EBITDA281,832364,235574,760109,144210,335313,677318,2241,60931,60854,343---
EPS190.9円191.0円191.0円81.6円81.6円81.6円81.6円-171.5円-171.5円-171.5円-171.6円-171.5円-171.5円
BPS1,300.5円1,358.4円1,380.4円1,355.9円1,400.4円1,364.4円1,355.2円1,311.1円1,302.1円1,290.9円1,039.0円947.2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)11,800,00011,800,00011,800,00012,000,00012,000,00012,000,00012,000,00011,300,00011,300,00011,300,00011,300,000-7,800,000
対実績比47.9%72.3%101.3%22.6%46.1%71.5%96.5%21.0%44.3%66.4%87.4%--
営業利益(期初予)685,000685,000685,000540,000540,000540,000540,000230,000230,000230,000230,000--470,000
対実績比41.1%53.2%83.9%20.2%39.0%58.1%58.9%0.7%13.7%23.6%-17.6%--
純利益(期初予)535,000535,000535,000500,000500,000500,000500,000170,000170,000170,000170,000--670,000
対実績比51.7%108.1%139.6%23.2%49.3%63.3%63.8%3.8%38.5%23.1%-394.8%--
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1,115円1,124円1,104円1,078円1,064円880円908円772円674円636円357円399円-
企業価値11,263,19111,558,14212,000,19910,818,88210,912,57710,446,56010,585,0429,829,2959,276,8229,128,1247,920,4978,161,448-
時価総額4,359,0484,394,6274,317,0084,215,3644,159,6523,443,1033,553,4583,019,1972,637,8292,489,1311,394,9881,562,101-
純有利子負債7,163,5157,683,1916,603,5186,752,9257,003,4577,031,5846,810,0986,648,6016,638,9936,730,0286,525,5096,599,347-
PER(会予)8.1倍-6.1倍8.4倍8.3倍6.9倍8.7倍17.8倍15.5倍22.6倍21.5倍--
PBR0.9倍0.9倍0.8倍0.8倍0.8倍0.6倍0.7倍0.6倍0.5倍0.5倍0.3倍0.4倍-
PER × PBR7.3倍-5.0倍6.6倍6.5倍4.3倍5.8倍10.1倍8.0倍11.1倍7.4倍--
EV/EBITDA(会予)16.4倍-21.2倍20.0倍20.2倍19.3倍23.5倍42.7倍40.3倍60.9倍93.2倍--
PSR(会予)0.4倍-0.4倍0.4倍0.3倍0.3倍0.3倍0.3倍0.2倍0.2倍0.1倍0.2倍-
PCFR(会予)8.1倍-6.1倍8.4倍8.3倍6.9倍8.7倍17.8倍15.5倍22.6倍21.5倍-2.3倍-
配当金--53.0円---57.0円---10.0円-10.0円
配当利回り4.3%4.3%4.3%4.9%5.0%6.0%5.8%7.4%8.5%9.0%2.8%2.5%-
配当性向--27.7%---69.9%----5.8%--
自己資本配当率4.1%3.9%3.8%4.2%4.1%4.2%4.2%0.8%0.8%0.8%1.0%1.1%-
ROE14.7%14.1%13.8%6.0%5.8%6.0%6.0%------
純利益率(再掲)4.9%6.8%6.2%4.3%4.5%3.7%2.8%0.3%1.3%0.5%---
総資産回転率0.6回0.6回0.6回0.6回0.6回0.6回0.6回0.5回0.5回0.5回0.6回0.6回-
財務レバレッジ3.8倍3.7倍3.5倍3.5倍3.5倍3.6倍3.6倍3.5倍3.5倍3.6倍4.2倍4.3倍-
実質ROE14.3%13.7%13.5%5.9%5.7%5.8%5.9%------
ROIC4.7%4.4%4.8%1.4%1.3%1.3%1.4%------
ROA3.9%3.8%4.0%1.7%1.7%1.7%1.7%------
β0.960.920.910.980.970.981.021.051.071.071.131.13-
βの決定係数(R2)0.390.380.400.440.430.490.520.530.530.530.610.62-
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1,046,5681,120,7401,134,8381,068,4811,086,9101,179,0171,219,5881,112,6101,090,8451,204,1781,382,4711,334,759-
売上債権590,101536,603739,851554,876494,495457,423512,164415,812478,196410,955356,156303,517-
棚卸資産1,622,4761,713,0081,290,5491,444,5441,534,2171,483,1461,257,9231,380,2711,383,1461,436,4021,340,4231,202,322-
有価証券156,631134,33271,200105,899119,243145,537139,470118,740257,311214,327260,510125,975-
前払金-------------
繰延税金資産--152,452----------
貸倒引当金-114,298-114,404-116,572-120,702-118,753-122,532-127,092-125,244-123,054-123,798-142,264-205,598-
流動資産12,047,11112,332,58411,530,39311,461,85511,744,64411,725,92911,613,10510,897,82910,890,50110,973,89310,675,9399,757,237-
固定資産
建物・構築物607,734604,249600,675595,858599,992588,750590,717659,267650,696653,132582,716580,212-
機械・運搬具3,492,8973,534,7073,392,1343,460,2603,582,2893,478,1383,436,4373,320,2983,285,7643,284,7252,936,3162,801,301-
土地600,371600,525598,780598,096599,937595,834595,776598,412591,651593,218589,064589,447-
建設仮勘定203,985173,707209,237172,640142,574163,920233,070221,929225,097216,816227,165208,600-
有形固定資産5,378,9095,398,8905,265,6345,275,0635,396,9445,280,2405,305,6985,227,9695,169,0225,197,8484,518,8504,382,848-
のれん-------------
無形固定資産133,061133,005128,782126,420125,978124,745134,471125,264121,830121,641114,932110,029-
投資有価証券1,225,2951,251,1291,264,5321,230,6111,297,7111,272,7921,338,8751,347,3871,300,2311,206,3881,177,1841,076,526-
繰延税金資産--321,426---326,759------
貸倒引当金-1,539-1,308-1,802-1,774-1,669-1,630-2,358-2,248-2,163-2,256-3,885-3,911-
敷金および保証金-------------
投資その他の資産1,633,5431,700,9171,815,1261,809,5561,863,0371,832,7591,899,0711,924,4361,871,5481,795,2161,666,9881,580,719-
固定資産7,145,5137,232,8127,209,5427,211,0397,385,9597,237,7447,339,2407,277,6697,162,4007,114,7056,300,7706,073,596-
総資産19,192,62419,565,39618,739,93518,672,89419,130,60318,963,67318,952,34518,175,49818,052,90118,088,59816,976,70915,830,833-
 
負債
有利子負債合計8,210,0838,803,9317,738,3567,821,4068,090,3678,210,6018,029,6867,761,2117,729,8387,934,2067,907,9807,934,106-
仕入債務1,680,7641,541,4391,646,6381,572,9661,591,4361,559,7871,580,4521,464,5851,536,8561,407,6321,357,047781,490-
前受金-------------
未払法人税等-------------
繰延税金負債(固定)--375,087---339,991------
負債13,819,59913,963,81313,038,22513,078,75213,353,88913,323,33413,328,83512,685,99812,600,66912,667,43212,551,93611,776,130-
 
純資産
資本金605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814605,814-
資本剰余金818,585816,487815,913814,610815,414815,255814,682818,307818,307818,056818,056818,059-
利益剰余金4,531,7624,729,7304,921,7224,872,9194,999,6514,959,5054,961,9804,842,4814,901,4624,835,5324,125,0433,792,600-
自己株式-140,609-140,980-139,970-140,358-139,991-139,992-139,457-139,347-139,275-139,272-139,262-139,746-
非支配株主持分285,594289,599303,914290,664299,185301,879320,835358,855356,776369,718360,484348,116-
純資産5,373,0255,601,5835,701,7105,594,1425,776,7145,640,3395,623,5105,489,5005,452,2325,421,1664,424,7734,054,703-
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364,950488,436710,743160,407323,899461,281477,70826,875104,719114,470-573,022-304,599-
減価償却費-------------
のれん償却額-------------
減損損失04,52111,645-01,53711,802-00540,642--
受取利息及び受取配当金-15,947-21,283-27,755-15,323-22,931-31,219-38,338-12,504-18,709-23,788-28,550-4,001-
売上債権の増減額237,745292,35973,149180,611249,928282,031228,01090,04925,044106,087141,88245,841-
棚卸資産の増減額-277,385-362,2509,612-157,158-212,813-190,66213,098-139,634-155,740-164,811-118,578147,018-
仕入債務の増減額75,616-140,320108,330-133,954-209,222-248,114-43,721-197,046-132,310-328,161-255,686-636,065-
営業CF333,835244,0991,071,250322,279524,905752,4871,450,888275,780584,191810,2831,185,85420,539-
投資CF
有価証券の取得-10,980-23,158-26,207-11,237-20,378-30,673-31,328-7,960-8,419-11,265-11,7760-
有価証券の売却・償還5,9956,43510,1680001780002,648623-
固定資産の購入-197,931-290,461-398,797-101,112-199,714-294,687-422,569-135,862-244,080-359,792-464,219-108,196-
固定資産の売却19,33829,50739,74214,29923,82435,70746,43310,62827,44839,61749,2424,516-
貸付け-127-467-555-172-214-293-372-158-260-302-607-8-
貸付金の回収405536732981643,2873,39035554156473576-
投資CF-620,138-956,832-1,147,719-136,386-406,559-678,036-1,133,547-139,330-296,531-522,934-708,687-206,085-
財務CF
短期借入金の純増減額43,977344,995-147,50871,596153,322371,394213,57785,177103,384241,839509,217-347,267-
長期借入れ595,8271,188,3041,413,908170,800298,005686,9711,313,294419,481835,9691,223,8061,655,629896,849-
長期借入金の返済-665,625-1,074,759-1,463,828-290,145-573,317-902,139-1,344,303-591,670-954,036-1,345,893-1,718,635-404,864-
社債の発行549,695658,007858,00233,037255,081315,082363,86833,07497,544129,693160,12422,912-
社債の償還-143,055-158,055-362,911-77,604-111,177-149,199-416,059-102,535-231,906-282,870-571,399-148,284-
自己株式の取得-3-5-6-1-3-4-5-1-1-2-2--
自己株式の売却2573811,357----------
配当金の支払-93,883-197,541-197,541-103,627-103,627-215,101-215,101-111,520-111,520-150,652-150,652--
財務CF240,919705,97236,810-205,466-111,64470,656-127,140-266,815-280,788-214,921-155,49410,176-
換算差額7,44320,7034,535-13,162-7,664-27,668-38,258-3,394-23,825-19,185-43,954-6,877-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--1,787,445---1,748,659---509,200--
研究開発費------523,100---544,800--
発行済株式総数3,911,550,613株3,910,333,390株3,910,356,218株3,911,285,431株3,911,283,720株3,912,638,409株3,912,904,489株3,913,102,984株3,913,112,626株3,913,137,313株3,911,913,738株3,913,079,507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--138,910人---138,893人---136,134人--
売上/従業員(千円)--86,035---83,332---72,567--
営利/従業員(千円)--4,138---2,291----297--