通期売上(百万円)
売上5y CAGR・予想:-3.0 %
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3,474,0243,564,1723,430,285-
前期比108.1%102.6%96.2%-
売上原価2,653,6002,772,1842,683,647-
売上総利益820,424791,988746,638-
%23.6%22.2%21.8%-
販管費674,003709,681703,035-
営業利益146,42182,30743,603-
前期比116.5%56.2%53.0%-
%4.2%2.3%1.3%-
受取利息および受取配当金5,0767,1277,449-
持分法による投資利益32,36630,68819,714-
営業外収益42,87445,91332,650-
支払利息7,4425,9456,132-
持分法による投資損失----
営業外費用17,16212,13823,162-
経常利益172,133116,08253,091-
固定資産売却益90452589-
投資有価証券売却益5151,730413-
特別利益1,4932,292740-
固定資産売却損----
投資有価証券売却損----
減損損失2,4251,149797-
特別損失16,14210,8074,549-
税引前利益157,484107,56749,282-
法人税等42,91641,11435,177-
%27.3%38.2%71.4%-
当期純利益114,56866,45314,105-
非支配株主に帰属する当期純利益2,5113,2981,974-
親会社株主に帰属する当期純利益112,05763,15512,131-
前期比119.5%56.4%19.2%-
%3.2%1.8%0.4%-
 
EBITDA233,375170,750135,872-
EPS177.9円100.3円19.3円68.3円
BPS1,894.3円1,910.7円1,865.6円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)3,350,0003,550,0003,700,000-
対実績比103.7%100.4%92.7%-
営業利益(期初予)150,000105,000110,000-
対実績比97.6%78.4%39.6%-
純利益(期初予)100,00080,00080,000-
対実績比112.1%78.9%15.2%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価1,407円1,239円572円-
企業価値970,876897,799458,146-
時価総額885,739779,958360,238-
純有利子負債102,030137,09997,908-
PER(会予)8.9倍14.2倍8.4倍-
PBR0.8倍0.7倍0.3倍-
PER × PBR6.7倍9.2倍2.6倍-
EV/EBITDA(会予)4.2倍5.4倍3.0倍-
PSR(会予)0.3倍0.2倍0.1倍-
PCFR(会予)4.9倍5.5倍2.7倍-
配当金35.0円35.0円35.0円35.0円
配当利回り2.5%2.8%6.1%-
配当性向19.7%34.9%181.7%-
自己資本配当率1.8%1.8%1.9%-
ROE9.4%5.2%1.0%-
純利益率(再掲)3.2%1.8%0.4%-
総資産回転率1.3回1.2回1.2回-
財務レバレッジ2.3倍2.4倍2.4倍-
実質ROE9.4%5.2%1.0%-
ROIC6.1%2.3%0.5%-
ROA4.1%2.2%0.4%-
β1.521.481.60-
βの決定係数(R2)0.490.510.65-
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395,863469,952521,960-
売上債権221,532192,701169,007-
棚卸資産399,787428,536441,305-
有価証券219,300232,70047,000-
前払金----
繰延税金資産86,081---
貸倒引当金-1,028-1,052-970-
流動資産1,361,4101,466,0781,314,612-
固定資産
建物・構築物196,806195,486191,064-
機械・運搬具268,861278,153293,993-
土地406,117404,808418,104-
建設仮勘定47,05658,31978,357-
有形固定資産971,4221,010,5561,072,514-
のれん----
無形固定資産35,86236,22640,097-
投資有価証券210,605216,328214,000-
繰延税金資産111,318100,923--
貸倒引当金-670-531-393-
敷金および保証金----
投資その他の資産355,398364,753360,417-
固定資産1,362,6821,411,5351,473,028-
総資産2,724,0922,877,6132,787,640-
 
負債
有利子負債合計497,893607,051619,868-
仕入債務417,589432,669364,784-
前受金----
未払法人税等15,5679,87716,022-
繰延税金負債(固定)----
負債1,504,6221,644,1721,581,794-
 
純資産
資本金283,957283,957283,957-
資本剰余金264,910264,913264,917-
利益剰余金536,856562,904552,993-
自己株式-2,230-2,215-2,186-
非支配株主持分26,36229,92430,609-
純資産1,219,4701,233,4411,205,846-
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157,484107,56749,282-
減価償却費86,95488,44392,269-
のれん償却額----
減損損失2,4251,149797-
受取利息及び受取配当金-5,076-7,127-7,449-
売上債権の増減額-3,94129,87518,334-
棚卸資産の増減額-29,966-33,536-50,871-
仕入債務の増減額29,88815,056-61,553-
営業CF207,795146,69034,834-
投資CF
有価証券の取得-55,698-19,504-5,620-
有価証券の売却・償還3,4502,7221,063-
固定資産の購入-99,183-120,653-122,358-
固定資産の売却3,7152,9101,476-
貸付け-483-4,614-2,748-
貸付金の回収281338239-
投資CF-159,989-131,611-127,578-
財務CF
短期借入金の純増減額-28,28325,486-15-
長期借入れ92,270157,79831,149-
長期借入金の返済-89,910-75,004-28,052-
社債の発行29,863-19,913-
社債の償還---20,000-
自己株式の取得----
自己株式の売却----
配当金の支払-20,924-22,041-22,042-
財務CF30,46183,411-24,274-
換算差額-277-1,720-16,612-
その他
2018.32019.32020.32021.3E
設備投資額104,129119,734132,600-
研究開発費-134,700135,000-
発行済株式総数629,746,346株629,760,122株629,786,619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49,755人49,998人50,479人-
売上/従業員(千円)69,82371,28667,955-
営利/従業員(千円)2,9431,646864-
四半期売上(百万円)
売上5y CAGR・予想:-3.0 %
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1,656,6272,547,9283,474,024872,2971,729,0282,621,3193,564,172848,9151,706,5742,556,2803,430,285376,6762,850,000
前期比107.1%108.5%108.1%108.8%104.4%102.9%102.6%97.3%98.7%97.5%96.2%44.4%83.1%
売上原価1,263,2591,945,5882,653,600673,7221,353,4192,049,7922,772,184666,5081,334,9162,011,8112,683,647303,042-
売上総利益393,368602,340820,424198,575375,609571,527791,988182,407371,658544,469746,63873,634-
%23.7%23.6%23.6%22.8%21.7%21.8%22.2%21.5%21.8%21.3%21.8%19.5%-
販管費316,888495,220674,003165,830345,766514,470709,681175,455345,847512,124703,035118,906-
営業利益76,480107,120146,42132,74529,84357,05782,3076,95225,81132,34543,603-45,272-40,000
前期比86.6%105.1%116.5%82.0%39.0%53.3%56.2%21.2%86.5%56.7%53.0%-651.2%-91.7%
%4.6%4.2%4.2%3.8%1.7%2.2%2.3%0.8%1.5%1.3%1.3%--1.4%
受取利息および受取配当金1,7592,6625,0761,1072,2343,5297,1271,1992,8774,2407,449990-
持分法による投資利益17,36326,56632,36610,82019,24027,25730,6885,21011,28215,13119,714--
営業外収益27,05337,65642,87413,85929,20236,33745,9137,51417,34026,02532,6506,421-
支払利息3,7925,5997,4421,4683,1754,5575,9451,4913,2714,7786,1322,164-
持分法による投資損失-----------240-
営業外費用7,0689,93417,1624,5545,55710,48712,1385,3329,1308,31623,1622,900-
経常利益96,465134,842172,13342,05053,48882,907116,0829,13434,02150,05453,091-41,751-34,000
固定資産売却益8228389041128471525405367899-
投資有価証券売却益653215151,7281,7291,7291,730-362374413--
特別利益8991,1701,4931,7391,7702,2262,29240494646740102-
固定資産売却損-------------
投資有価証券売却損-------------
減損損失1,1021,1512,4254064346501,14913153309797261-
特別損失9,94411,23716,1421,1236,2997,81610,8075311,8092,8824,54921,123-
税引前利益87,420124,775157,48442,66648,95977,317107,5678,64332,70647,81849,282-62,772-
法人税等22,79938,27542,91621,61923,27239,51341,1143,35916,41414,23835,1775,078-
%26.1%30.7%27.3%50.7%47.5%51.1%38.2%38.9%50.2%29.8%71.4%-8.1%-
当期純利益64,62186,500114,56821,04725,68737,80466,4535,28416,29233,58014,105-67,850-
非支配株主に帰属する当期純利益1,2831,5932,5114771,8602,4433,29844-3251,2051,974-1,159-
親会社株主に帰属する当期純利益63,33884,907112,05720,57023,82735,36163,1555,24016,61732,37512,131-66,691-90,000
前期比112.9%106.2%119.5%56.2%37.6%41.6%56.4%25.5%69.7%91.6%19.2%-1,272.7%-741.9%
%3.8%3.3%3.2%2.4%1.4%1.3%1.8%0.6%1.0%1.3%0.4%--3.2%
 
EBITDA119,570171,903233,37554,41673,480123,773170,75029,32271,138101,331135,872--
EPS187.4円177.9円177.9円100.3円100.3円100.3円100.3円19.3円19.3円19.3円19.3円19.3円0.0円
BPS1,834.5円1,863.6円1,894.3円1,904.1円1,912.8円1,905.3円1,910.7円1,900.3円1,914.6円1,938.1円1,865.6円1,744.9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)3,350,0003,350,0003,350,0003,550,0003,550,0003,550,0003,550,0003,700,0003,700,0003,700,0003,700,000-2,850,000
対実績比49.5%76.1%103.7%24.6%48.7%73.8%100.4%22.9%46.1%69.1%92.7%--
営業利益(期初予)150,000150,000150,000105,000105,000105,000105,000110,000110,000110,000110,000--40,000
対実績比51.0%71.4%97.6%31.2%28.4%54.3%78.4%6.3%23.5%29.4%39.6%--
純利益(期初予)100,000100,000100,00080,00080,00080,00080,00080,00080,00080,00080,000--90,000
対実績比63.3%84.9%112.1%25.7%29.8%44.2%78.9%6.6%20.8%40.5%15.2%--
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1,725円1,512円1,407円1,360円1,364円1,135円1,239円1,125円960円938円572円646円-
企業価値1,160,3181,011,797970,876958,485949,955808,709897,799845,264744,300730,759458,146730,316-
時価総額1,031,238903,603885,739856,455858,994714,778779,958708,165604,281590,740360,238406,842-
純有利子負債108,19485,137102,03090,96193,931117,841137,099141,826140,019144,36497,908323,474-
PER(会予)10.3倍9.0倍8.9倍10.7倍10.7倍14.3倍14.2倍8.9倍7.6倍13.7倍8.4倍--
PBR1.0倍0.8倍0.8倍0.7倍0.7倍0.6倍0.7倍0.6倍0.5倍0.5倍0.3倍0.4倍-
PER × PBR10.0倍7.4倍6.7倍7.7倍7.7倍8.5倍9.2倍5.2倍3.8倍6.7倍2.6倍--
EV/EBITDA(会予)5.0倍4.4倍4.2倍5.0倍4.9倍5.2倍5.4倍4.3倍3.8倍4.9倍3.0倍--
PSR(会予)0.3倍0.3倍0.3倍0.2倍0.2倍0.2倍0.2倍0.2倍0.2倍0.2倍0.1倍--
PCFR(会予)5.7倍5.0倍4.9倍5.1倍5.1倍5.2倍5.5倍4.2倍3.6倍4.5倍2.7倍4.4倍-
配当金--35.0円---35.0円---35.0円-0.0円
配当利回り2.0%2.3%2.5%2.6%2.6%3.1%2.8%3.1%3.6%3.7%6.1%5.4%-
配当性向--19.7%---34.9%---181.7%--
自己資本配当率1.9%1.9%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.9%2.0%-
ROE10.2%9.5%9.4%5.3%5.2%5.3%5.2%1.0%1.0%1.0%1.0%1.1%-
純利益率(再掲)3.8%3.3%3.2%2.4%1.4%1.3%1.8%0.6%1.0%1.3%0.4%--
総資産回転率1.3回1.3回1.3回1.3回1.3回1.3回1.2回1.2回1.2回1.2回1.2回1.2回-
財務レバレッジ2.4倍2.3倍2.3倍2.3倍2.3倍2.3倍2.4倍2.4倍2.4倍2.4倍2.4倍2.6倍-
実質ROE10.2%9.5%9.4%5.3%5.2%5.3%5.2%1.0%1.0%1.0%1.0%1.1%-
ROIC6.5%6.1%6.1%2.3%2.3%2.3%2.3%0.5%0.5%0.5%0.5%0.4%-
ROA4.3%4.2%4.1%2.3%2.3%2.3%2.2%0.4%0.4%0.4%0.4%0.4%-
β2.001.641.521.591.591.441.481.531.571.531.601.58-
βの決定係数(R2)0.550.450.490.520.510.510.510.550.560.570.650.66-
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389,729439,047395,863468,911464,947442,466469,952452,361489,053506,863521,960678,036-
売上債権214,394215,626221,532219,851219,341178,980192,701183,449200,245187,370169,007121,884-
棚卸資産398,065426,992399,787430,444379,225442,038428,536436,263454,677480,721441,305414,150-
有価証券167,300141,200219,300178,100210,300193,800232,700168,400132,80063,00047,000115,000-
前払金-------------
繰延税金資産--86,081----------
貸倒引当金-824-827-1,028-964-1,022-954-1,052-930-1,073-954-970-1,684-
流動資産1,372,1591,430,0081,361,4101,446,8441,389,1281,411,5081,466,0781,370,3261,411,4801,391,8431,314,6121,448,135-
固定資産
建物・構築物188,940192,247196,806195,859196,033193,939195,486192,914193,536191,889191,064189,068-
機械・運搬具262,324261,282268,861274,923278,908275,747278,153282,707285,223297,454293,993284,045-
土地408,372407,664406,117405,945405,457404,844404,808418,775419,031419,412418,104418,104-
建設仮勘定--47,056---58,319---78,357--
有形固定資産968,698965,389971,422973,697980,811982,4091,010,5561,039,0451,056,3211,071,0401,072,5141,057,412-
のれん-------------
無形固定資産34,52035,04435,86235,42535,66935,71236,22636,36937,04838,22640,09740,422-
投資有価証券139,563205,274210,605195,720196,769198,390216,328222,678213,150219,972214,000191,858-
繰延税金資産--111,318---100,923------
貸倒引当金-667-682-670-670-667-668-531-535-533-529-393-393-
敷金および保証金-------------
投資その他の資産209,628267,173355,398329,750339,197333,728364,753375,407357,888369,331360,417332,034-
固定資産1,212,8461,267,6061,362,6821,338,8721,355,6771,351,8491,411,5351,450,8211,451,2571,478,5971,473,0281,429,868-
総資産2,585,0052,697,6142,724,0922,785,7162,744,8052,763,3572,877,6132,821,1472,862,7372,870,4402,787,6402,878,003-
 
負債
有利子負債合計497,923524,184497,893559,872558,878560,307607,051594,187629,072651,227619,8681,001,510-
仕入債務384,714402,162417,589411,033358,569412,902432,669396,383397,555384,728364,784176,447-
前受金-------------
未払法人税等16,69510,14115,56712,83515,02314,1909,87712,08711,05310,57116,0227,315-
繰延税金負債(固定)-------------
負債1,462,2061,497,2921,504,6221,559,3441,511,0141,534,0791,644,1721,594,8861,627,8261,618,7241,581,7941,749,897-
 
純資産
資本金258,957283,957283,957283,957283,957283,957283,957283,957283,957283,957283,957283,957-
資本剰余金239,910264,910264,910264,913264,913264,913264,913264,917264,917264,917264,917264,917-
利益剰余金496,810509,562536,856544,441548,184551,406562,904555,550566,926573,237552,993473,744-
自己株式-2,229-2,229-2,230-2,214-2,214-2,215-2,215-2,186-2,186-2,186-2,186-2,186-
非支配株主持分25,91526,52826,36227,09428,94429,14129,92429,28228,82730,84530,60928,918-
純資産1,122,7991,200,3221,219,4701,226,3721,233,7911,229,2781,233,4411,226,2611,234,9111,251,7161,205,8461,128,106-
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87,420124,775157,48442,66648,95977,317107,5678,64332,70647,81849,282-62,772-
減価償却費43,09064,78386,95421,67143,63766,71688,44322,37045,32768,98692,26922,884-
のれん償却額-------------
減損損失1,1021,1512,4254064346501,14913153309797261-
受取利息及び受取配当金-2,025-3,038-5,076-1,339-3,401-4,778-7,127-1,263-3,869-5,309-7,449-1,053-
売上債権の増減額6,8836,158-3,9413,0077,03243,53629,8758,488-10,8513,33818,33447,510-
棚卸資産の増減額-11,856-39,452-29,966-31,56826,705-47,978-33,536-15,093-42,459-65,636-50,87138,542-
仕入債務の増減額-6,71710,64329,888-9,078-61,890-4,05315,056-34,417-29,238-44,377-61,553-188,752-
営業CF89,218115,281207,79513,23360,67964,528146,6903,185-4,476-34,72034,834-124,698-
投資CF
有価証券の取得-556-50,577-55,698-2-8-8-19,5040-5,472-5,656-5,6200-
有価証券の売却・償還6431,5913,4502,6992,7122,7112,72208819251,0630-
固定資産の購入-55,511-76,094-99,183-28,642-49,418-78,782-120,653-40,976-59,842-98,032-122,358-26,577-
固定資産の売却2,0973,0263,7152241,8542,6162,910953473771,476129-
貸付け-123-152-483-2,925-3,770-4,241-4,614-274-714-2,667-2,748-552-
貸付金の回収9116128144932043383710920223941-
投資CF-55,513-124,935-159,989-29,209-39,515-69,276-131,611-40,936-65,006-104,584-127,578-26,359-
財務CF
短期借入金の純増減額-5,728-7,865-28,2833,815-7,3533,30425,486-23,794-1,47318,937-1591,322-
長期借入れ71,59582,09592,27092,040123,740123,740157,79835030,39931,14931,149291,248-
長期借入金の返済-65,098-78,031-89,910-34,204-60,652-64,928-75,004-1,992-16,903-18,334-28,052-2,237-
社債の発行-29,86329,863-----19,91719,91319,913--
社債の償還---------20,000-20,000-20,000--
自己株式の取得-------------
自己株式の売却-------------
配当金の支払-11,956-20,923-20,924-12,595-12,595-22,041-22,041-12,595-12,595-22,042-22,042-12,596-
財務CF-12,35053,28030,46148,27241,79838,28783,411-38,883-3,0756,047-24,274366,469-
換算差額8,4469,393-277-9736,476-3,117-1,720-5,189-8,426454-16,6129,127-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--104,129---119,734---132,600--
研究開発費------134,700---135,000--
発行済株式総数597,818,596株629,746,650株629,746,346株629,760,990株629,760,721株629,760,337株629,760,122株629,787,204株629,787,001株629,786,773株629,786,619株629,786,518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--49,755人---49,998人---50,479人--
売上/従業員(千円)--69,823---71,286---67,955--
営利/従業員(千円)--2,943---1,646---864--
四半期売上(百万円)
売上5y CAGR・予想:-3.0 %
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854,572891,301926,096872,297856,731892,291942,853848,915857,659849,706874,005376,6762,850,000
前期比111.0%111.1%107.0%108.8%100.3%100.1%101.8%97.3%100.1%95.2%92.7%44.4%83.1%
売上原価655,873682,329708,012673,722679,697696,373722,392666,508668,408676,895671,836303,042-
売上総利益198,699208,972218,084198,575177,034195,918220,461182,407189,251172,811202,16973,634-
%23.3%23.4%23.5%22.8%20.7%22.0%23.4%21.5%22.1%20.3%23.1%19.5%-
販管費162,151178,332178,783165,830179,936168,704195,211175,455170,392166,277190,911118,906-
営業利益36,54830,64039,30132,745-2,90227,21425,2506,95218,8596,53411,258-45,272-40,000
前期比101.9%224.7%165.6%82.0%-7.9%88.8%64.2%21.2%-649.9%24.0%44.6%-651.2%-91.7%
%4.3%3.4%4.2%3.8%-0.3%3.0%2.7%0.8%2.2%0.8%1.3%-12.0%-1.4%
受取利息および受取配当金000-000-000--
持分法による投資利益8,4639,2035,80010,8208,4208,0173,4315,2106,0723,8494,583--
営業外収益11,58110,6035,21813,85915,3437,1359,5767,5149,8268,6856,6256,421-
支払利息1,8641,8071,8431,4681,7071,3821,3881,4911,7801,5071,3542,164-
持分法による投資損失000-000-000240-
営業外費用4,0932,8667,2284,5541,0034,9301,6515,3323,798-81414,8462,900-
経常利益44,03638,37737,29142,05011,43829,41933,1759,13424,88716,0333,037-41,751-34,000
固定資産売却益3271666111744354401314229-
投資有価証券売却益152561941,728101-3621239--
特別利益3542713231,73931456664045415294102-
固定資産売却損000-000-000--
投資有価証券売却損000-000-000--
減損損失228491,2744062821649913140156488261-
特別損失7,4991,2934,9051,1235,1761,5172,9915311,2781,0731,66721,123-
税引前利益36,89137,35532,70942,6666,29328,35830,2508,64324,06315,1121,464-62,772-
法人税等9,87015,4764,64121,6191,65316,2411,6013,35913,055-2,17620,9395,078-
%26.8%41.4%14.2%50.7%26.3%57.3%5.3%38.9%54.3%-14.4%1,430.3%-8.1%-
当期純利益27,02121,87928,06821,0474,64012,11728,6495,28411,00817,288-19,475-67,850-
非支配株主に帰属する当期純利益2873109184771,38358385544-3691,530769-1,159-
親会社株主に帰属する当期純利益26,73421,56927,15020,5703,25711,53427,7945,24011,37715,758-20,244-66,691-90,000
前期比76.7%90.5%196.1%56.2%12.2%53.5%102.4%25.5%349.3%136.6%-72.8%-1,272.7%-741.9%
%3.1%2.4%2.9%2.4%0.4%1.3%2.9%0.6%1.3%1.9%-2.3%-17.7%-3.2%
 
EBITDA119,570171,903233,37554,41673,480123,773170,75029,32271,138101,331135,872--
EPS187.4円177.9円177.9円100.3円100.3円100.3円100.3円19.3円19.3円19.3円19.3円19.3円0.0円
BPS1,834.5円1,863.6円1,894.3円1,904.1円1,912.8円1,905.3円1,910.7円1,900.3円1,914.6円1,938.1円1,865.6円1,744.9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)3,350,0003,350,0003,350,0003,550,0003,550,0003,550,0003,550,0003,700,0003,700,0003,700,0003,700,000-2,850,000
対実績比49.5%76.1%103.7%24.6%48.7%73.8%100.4%22.9%46.1%69.1%92.7%--
営業利益(期初予)150,000150,000150,000105,000105,000105,000105,000110,000110,000110,000110,000--40,000
対実績比51.0%71.4%97.6%31.2%28.4%54.3%78.4%6.3%23.5%29.4%39.6%--
純利益(期初予)100,000100,000100,00080,00080,00080,00080,00080,00080,00080,00080,000--90,000
対実績比63.3%84.9%112.1%25.7%29.8%44.2%78.9%6.6%20.8%40.5%15.2%--
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1,725円1,512円1,407円1,360円1,364円1,135円1,239円1,125円960円938円572円646円-
企業価値1,160,3181,011,797970,876958,485949,955808,709897,799845,264744,300730,759458,146730,316-
時価総額1,031,238903,603885,739856,455858,994714,778779,958708,165604,281590,740360,238406,842-
純有利子負債108,19485,137102,03090,96193,931117,841137,099141,826140,019144,36497,908323,474-
PER(会予)10.3倍9.0倍8.9倍10.7倍10.7倍14.3倍14.2倍8.9倍7.6倍13.7倍8.4倍--
PBR1.0倍0.8倍0.8倍0.7倍0.7倍0.6倍0.7倍0.6倍0.5倍0.5倍0.3倍0.4倍-
PER × PBR10.0倍7.4倍6.7倍7.7倍7.7倍8.5倍9.2倍5.2倍3.8倍6.7倍2.6倍--
EV/EBITDA(会予)5.0倍4.4倍4.2倍5.0倍4.9倍5.2倍5.4倍4.3倍3.8倍4.9倍3.0倍--
PSR(会予)0.3倍0.3倍0.3倍0.2倍0.2倍0.2倍0.2倍0.2倍0.2倍0.2倍0.1倍--
PCFR(会予)5.7倍5.0倍4.9倍5.1倍5.1倍5.2倍5.5倍4.2倍3.6倍4.5倍2.7倍4.4倍-
配当金--35.0円---35.0円---35.0円-0.0円
配当利回り2.0%2.3%2.5%2.6%2.6%3.1%2.8%3.1%3.6%3.7%6.1%5.4%-
配当性向--19.7%---34.9%---181.7%--
自己資本配当率1.9%1.9%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.8%1.9%2.0%-
ROE10.2%9.5%9.4%5.3%5.2%5.3%5.2%1.0%1.0%1.0%1.0%1.1%-
純利益率(再掲)3.8%3.3%3.2%2.4%1.4%1.3%1.8%0.6%1.0%1.3%0.4%--
総資産回転率1.3回1.3回1.3回1.3回1.3回1.3回1.2回1.2回1.2回1.2回1.2回1.2回-
財務レバレッジ2.4倍2.3倍2.3倍2.3倍2.3倍2.3倍2.4倍2.4倍2.4倍2.4倍2.4倍2.6倍-
実質ROE10.2%9.5%9.4%5.3%5.2%5.3%5.2%1.0%1.0%1.0%1.0%1.1%-
ROIC6.5%6.1%6.1%2.3%2.3%2.3%2.3%0.5%0.5%0.5%0.5%0.4%-
ROA4.3%4.2%4.1%2.3%2.3%2.3%2.2%0.4%0.4%0.4%0.4%0.4%-
β2.001.641.521.591.591.441.481.531.571.531.601.58-
βの決定係数(R2)0.550.450.490.520.510.510.510.550.560.570.650.66-
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389,729439,047395,863468,911464,947442,466469,952452,361489,053506,863521,960678,036-
売上債権214,394215,626221,532219,851219,341178,980192,701183,449200,245187,370169,007121,884-
棚卸資産398,065426,992399,787430,444379,225442,038428,536436,263454,677480,721441,305414,150-
有価証券167,300141,200219,300178,100210,300193,800232,700168,400132,80063,00047,000115,000-
前払金-------------
繰延税金資産--86,081----------
貸倒引当金-824-827-1,028-964-1,022-954-1,052-930-1,073-954-970-1,684-
流動資産1,372,1591,430,0081,361,4101,446,8441,389,1281,411,5081,466,0781,370,3261,411,4801,391,8431,314,6121,448,135-
固定資産
建物・構築物188,940192,247196,806195,859196,033193,939195,486192,914193,536191,889191,064189,068-
機械・運搬具262,324261,282268,861274,923278,908275,747278,153282,707285,223297,454293,993284,045-
土地408,372407,664406,117405,945405,457404,844404,808418,775419,031419,412418,104418,104-
建設仮勘定--47,056---58,319---78,357--
有形固定資産968,698965,389971,422973,697980,811982,4091,010,5561,039,0451,056,3211,071,0401,072,5141,057,412-
のれん-------------
無形固定資産34,52035,04435,86235,42535,66935,71236,22636,36937,04838,22640,09740,422-
投資有価証券139,563205,274210,605195,720196,769198,390216,328222,678213,150219,972214,000191,858-
繰延税金資産--111,318---100,923------
貸倒引当金-667-682-670-670-667-668-531-535-533-529-393-393-
敷金および保証金-------------
投資その他の資産209,628267,173355,398329,750339,197333,728364,753375,407357,888369,331360,417332,034-
固定資産1,212,8461,267,6061,362,6821,338,8721,355,6771,351,8491,411,5351,450,8211,451,2571,478,5971,473,0281,429,868-
総資産2,585,0052,697,6142,724,0922,785,7162,744,8052,763,3572,877,6132,821,1472,862,7372,870,4402,787,6402,878,003-
 
負債
有利子負債合計497,923524,184497,893559,872558,878560,307607,051594,187629,072651,227619,8681,001,510-
仕入債務384,714402,162417,589411,033358,569412,902432,669396,383397,555384,728364,784176,447-
前受金-------------
未払法人税等16,69510,14115,56712,83515,02314,1909,87712,08711,05310,57116,0227,315-
繰延税金負債(固定)-------------
負債1,462,2061,497,2921,504,6221,559,3441,511,0141,534,0791,644,1721,594,8861,627,8261,618,7241,581,7941,749,897-
 
純資産
資本金258,957283,957283,957283,957283,957283,957283,957283,957283,957283,957283,957283,957-
資本剰余金239,910264,910264,910264,913264,913264,913264,913264,917264,917264,917264,917264,917-
利益剰余金496,810509,562536,856544,441548,184551,406562,904555,550566,926573,237552,993473,744-
自己株式-2,229-2,229-2,230-2,214-2,214-2,215-2,215-2,186-2,186-2,186-2,186-2,186-
非支配株主持分25,91526,52826,36227,09428,94429,14129,92429,28228,82730,84530,60928,918-
純資産1,122,7991,200,3221,219,4701,226,3721,233,7911,229,2781,233,4411,226,2611,234,9111,251,7161,205,8461,128,106-
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87,420124,775157,48442,66648,95977,317107,5678,64332,70647,81849,282-62,772-
減価償却費43,09064,78386,95421,67143,63766,71688,44322,37045,32768,98692,26922,884-
のれん償却額-------------
減損損失228491,2744062821649913140156488261-
受取利息及び受取配当金-2,025-3,038-5,076-1,339-3,401-4,778-7,127-1,263-3,869-5,309-7,449-1,053-
売上債権の増減額6,8836,158-3,9413,0077,03243,53629,8758,488-10,8513,33818,33447,510-
棚卸資産の増減額-11,856-39,452-29,966-31,56826,705-47,978-33,536-15,093-42,459-65,636-50,87138,542-
仕入債務の増減額-6,71710,64329,888-9,078-61,890-4,05315,056-34,417-29,238-44,377-61,553-188,752-
営業CF89,218115,281207,79513,23360,67964,528146,6903,185-4,476-34,72034,834-124,698-
投資CF
有価証券の取得-556-50,577-55,698-2-8-8-19,5040-5,472-5,656-5,6200-
有価証券の売却・償還6431,5913,4502,6992,7122,7112,72208819251,0630-
固定資産の購入-55,511-76,094-99,183-28,642-49,418-78,782-120,653-40,976-59,842-98,032-122,358-26,577-
固定資産の売却2,0973,0263,7152241,8542,6162,910953473771,476129-
貸付け-123-152-483-2,925-3,770-4,241-4,614-274-714-2,667-2,748-552-
貸付金の回収9116128144932043383710920223941-
投資CF-55,513-124,935-159,989-29,209-39,515-69,276-131,611-40,936-65,006-104,584-127,578-26,359-
財務CF
短期借入金の純増減額-5,728-7,865-28,2833,815-7,3533,30425,486-23,794-1,47318,937-1591,322-
長期借入れ71,59582,09592,27092,040123,740123,740157,79835030,39931,14931,149291,248-
長期借入金の返済-65,098-78,031-89,910-34,204-60,652-64,928-75,004-1,992-16,903-18,334-28,052-2,237-
社債の発行-29,86329,863-----19,91719,91319,913--
社債の償還---------20,000-20,000-20,000--
自己株式の取得-------------
自己株式の売却-------------
配当金の支払-11,956-20,923-20,924-12,595-12,595-22,041-22,041-12,595-12,595-22,042-22,042-12,596-
財務CF-12,35053,28030,46148,27241,79838,28783,411-38,883-3,0756,047-24,274366,469-
換算差額8,4469,393-277-9736,476-3,117-1,720-5,189-8,426454-16,6129,127-
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額--104,129---119,734---132,600--
研究開発費------134,700---135,000--
発行済株式総数597,818,596株629,746,650株629,746,346株629,760,990株629,760,721株629,760,337株629,760,122株629,787,204株629,787,001株629,786,773株629,786,619株629,786,518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--49,755人---49,998人---50,479人--
売上/従業員(千円)--69,823---71,286---67,955--
営利/従業員(千円)--2,943---1,646---864--