通期売上(百万円)
売上5y CAGR・予想:0.1 %
通期利益(百万円)
営利5y CAGR・予想:-6.2 %
純利5y CAGR・予想:-9.3 %
P/L
2018.32019.32020.32021.3E
売上1,452,7511,464,7551,486,007-
前期比101.5%100.8%101.5%-
売上原価1,178,4471,189,8281,185,871-
売上総利益274,304274,927300,136-
%18.9%18.8%20.2%-
販管費222,014229,200233,723-
営業利益52,29045,72766,413-
前期比101.3%87.4%145.2%-
%3.6%3.1%4.5%-
受取利息および受取配当金7,6877,2896,778-
持分法による投資利益2,163301--
営業外収益13,43011,60611,183-
支払利息2,5813,0803,771-
持分法による投資損失--50-
営業外費用11,0828,21810,877-
経常利益54,63849,11566,719-
固定資産売却益2,9091,272534-
投資有価証券売却益7,26131,72694,713-
特別利益17,28533,48498,496-
固定資産売却損----
投資有価証券売却損8543,0372,648-
減損損失2,98112,09616,651-
特別損失6,43917,41230,361-
税引前利益65,48465,187134,854-
法人税等16,67623,08845,167-
%25.5%35.4%33.5%-
当期純利益48,80742,09989,686-
非支配株主に帰属する当期純利益6,5391,0492,638-
親会社株主に帰属する当期純利益42,26741,04987,047-
前期比129.9%97.1%212.1%-
%2.9%2.8%5.9%-
 
EBITDA112,508106,012122,366-
EPS131.3円127.5円251.5円173.3円
BPS3,531.1円3,625.8円3,416.5円-
期初会社予想
2018.32019.32020.32021.3E
売上高(期初予)1,550,0001,510,0001,520,000-
対実績比93.7%97.0%97.8%-
営業利益(期初予)70,00055,00057,000-
対実績比74.7%83.1%116.5%-
純利益(期初予)43,00035,00036,000-
対実績比98.3%117.3%241.8%-
配当
ROEデュポン分解
β
マルチプル
2018.32019.32020.32021.3E
株価1,746円1,671円1,656円-
企業価値601,799588,118536,962-
時価総額561,958537,787573,231-
純有利子負債14,91316,883-36,269-
PER(会予)14.0倍15.4倍9.6倍-
PBR0.5倍0.5倍0.5倍-
PER × PBR7.0倍7.4倍4.6倍-
EV/EBITDA(会予)5.0倍5.6倍4.8倍-
PSR(会予)0.4倍0.4倍0.4倍-
PCFR(会予)5.7倍5.6倍4.9倍-
配当金40.0円40.0円60.0円40.0円
配当利回り2.3%2.4%3.6%-
配当性向30.5%31.4%23.9%-
自己資本配当率0.6%0.8%1.8%-
ROE3.7%3.5%7.4%-
純利益率(再掲)2.9%2.8%5.9%-
総資産回転率0.7回0.7回0.7回-
財務レバレッジ1.9倍1.9倍1.8倍-
実質ROE3.6%3.4%7.3%-
ROIC2.6%1.6%1.5%-
ROA2.0%1.9%4.1%-
β1.001.061.14-
βの決定係数(R2)0.590.620.70-
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241,491257,367287,212-
売上債権399,047411,517401,631-
棚卸資産94,42398,743109,115-
有価証券75,90369,90278,803-
前払金----
繰延税金資産10,550---
貸倒引当金-2,271-2,311-2,039-
流動資産843,083863,768902,758-
固定資産
建物・構築物589,342580,339609,852-
機械・運搬具787,474765,421811,344-
土地155,497155,215154,523-
建設仮勘定27,47945,91031,670-
有形固定資産555,649553,732600,528-
のれん----
無形固定資産35,62537,34549,638-
投資有価証券620,015639,070483,339-
繰延税金資産24,84325,166--
貸倒引当金-1,036-589-385-
敷金および保証金----
投資その他の資産713,572739,370590,530-
固定資産1,304,8481,330,4471,240,696-
総資産2,147,9322,194,2152,143,454-
 
負債
有利子負債合計256,404274,250250,943-
仕入債務162,407155,538142,824-
前受金----
未払法人税等7,54216,36442,895-
繰延税金負債(固定)131,215138,326--
負債844,257865,341833,221-
 
純資産
資本金104,986104,986104,986-
資本剰余金118,405120,031126,784-
利益剰余金672,843700,764771,956-
自己株式-53,903-53,932-4,295-
非支配株主持分167,199161,957127,605-
純資産1,303,6741,328,8741,310,232-
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65,48465,187134,854-
減価償却費60,21860,28555,953-
のれん償却額----
減損損失2,98112,09616,651-
受取利息及び受取配当金-7,688-7,290-6,778-
売上債権の増減額-6,448-9,30817,590-
棚卸資産の増減額-3,299-4,159982-
仕入債務の増減額-4,810-945-16,888-
営業CF71,81676,75992,134-
投資CF
有価証券の取得-69,219-25,013-32,022-
有価証券の売却・償還11,06336,774103,931-
固定資産の購入-88,191-73,986-81,401-
固定資産の売却4,2532,9911,632-
貸付け-476-13-1,491-
貸付金の回収----
投資CF-75,060-73,868-35,143-
財務CF
短期借入金の純増減額61322,733-4,474-
長期借入れ18,2281,74531,034-
長期借入金の返済-21,542-5,270-19,355-
社債の発行----
社債の償還---22,900-
自己株式の取得-66-27-22-
自己株式の売却----
配当金の支払-12,960-12,953-13,292-
財務CF-17,117-1,263-32,740-
換算差額-1,431-1,969-367-
その他
2018.32019.32020.32021.3E
設備投資額72,01568,58086,400-
研究開発費-17,83719,268-
発行済株式総数321,850,453株321,833,478株346,154,260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51,210人51,712人52,599人-
売上/従業員(千円)28,36928,32528,252-
営利/従業員(千円)1,0218841,263-
四半期売上(百万円)
売上5y CAGR・予想:0.1 %
四半期利益(百万円)
営利5y CAGR・予想:-6.2 %
純利5y CAGR・予想:-9.3 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上704,3741,070,0221,452,751337,801698,2331,074,5531,464,755344,355712,6211,077,5841,486,007328,2831,440,000
前期比101.9%101.6%101.5%97.7%99.1%100.4%100.8%101.9%102.1%100.3%101.5%95.3%96.9%
売上原価576,099872,7411,178,447278,313575,915880,0871,189,828282,554579,781871,2581,185,871267,055-
売上総利益128,275197,280274,30459,487122,317194,465274,92761,801132,840206,326300,13661,227-
%18.2%18.4%18.9%17.6%17.5%18.1%18.8%17.9%18.6%19.1%20.2%18.7%-
販管費113,504166,164222,01456,468111,554171,655229,20058,076116,577176,596233,72358,145-
営業利益14,77031,11652,2903,01910,76322,81045,7273,72416,26229,73066,4133,08240,000
前期比101.2%111.6%101.3%53.4%72.9%73.3%87.4%123.4%151.1%130.3%145.2%82.8%60.2%
%2.1%2.9%3.6%0.9%1.5%2.1%3.1%1.1%2.3%2.8%4.5%0.9%2.8%
受取利息および受取配当金4,7447,1997,6873,3403,8196,9277,2893,6874,1716,8466,7783,229-
持分法による投資利益1,2241,2902,163493809862301----228-
営業外収益7,24010,39113,4304,5986,62511,15011,6064,3515,5789,29411,1833,978-
支払利息1,2171,8282,5817471,5052,3473,0809892,0123,0293,7711,038-
持分法による投資損失-------3371112850--
営業外費用4,6276,70811,0821,5993,6835,5148,2183,2066,3298,96510,8774,596-
経常利益17,38334,80054,6386,01813,70628,44549,1154,86915,51130,05966,7192,46338,000
固定資産売却益2,9782,9932,9091612763811,272178100223534108-
投資有価証券売却益3,8464,1037,2611823,1773,24831,7264886,02092,84494,7130-
特別利益7,01214,15117,2853433,7103,88633,48423089,22096,18298,4962,888-
固定資産売却損-------------
投資有価証券売却損83318541,7741,9512,7493,0372404885632,648271-
減損損失1,0081,2292,981-39239212,096-6902,60716,65158-
特別損失1,9272,6076,4391,9753,0744,08517,4127502,8065,76730,3612,488-
税引前利益22,46846,34465,4844,38714,34228,24665,1874,350101,925120,474134,8542,862-
法人税等4,93510,29316,6763,0176,65411,10823,0881,94132,48538,16345,1672,926-
%22.0%22.2%25.5%68.8%46.4%39.3%35.4%44.6%31.9%31.7%33.5%102.2%-
当期純利益17,53336,05048,8071,3697,68717,13842,0992,40969,44082,31089,686-64-
非支配株主に帰属する当期純利益1,8513,6636,539-205-5356941,049-4864041,6272,638-713-
親会社株主に帰属する当期純利益15,68132,38742,2671,5758,22316,44341,0492,89569,03580,68387,04764922,000
前期比140.7%185.5%129.9%17.9%52.4%50.8%97.1%183.8%839.5%490.7%212.1%22.4%25.3%
%2.2%3.0%2.9%0.5%1.2%1.5%2.8%0.8%9.7%7.5%5.9%0.2%1.5%
 
EBITDA43,70531,116112,5083,01939,90322,810106,0123,72442,57229,730122,3663,082-
EPS131.3円131.3円131.3円127.5円127.5円127.5円127.5円270.5円257.3円251.5円251.5円251.5円0.0円
BPS3,357.0円3,509.3円3,531.1円3,641.1円3,859.3円3,476.0円3,625.8円3,697.4円3,549.2円3,679.5円3,416.5円3,555.4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)1,550,0001,550,0001,550,0001,510,0001,510,0001,510,0001,510,0001,520,0001,520,0001,520,0001,520,000-1,440,000
対実績比45.4%69.0%93.7%22.4%46.2%71.2%97.0%22.7%46.9%70.9%97.8%--
営業利益(期初予)70,00070,00070,00055,00055,00055,00055,00057,00057,00057,00057,000-40,000
対実績比21.1%44.5%74.7%5.5%19.6%41.5%83.1%6.5%28.5%52.2%116.5%--
純利益(期初予)43,00043,00043,00035,00035,00035,00035,00036,00036,00036,00036,000-22,000
対実績比36.5%75.3%98.3%4.5%23.5%47.0%117.3%8.0%191.8%224.1%241.8%--
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2,232円2,038円1,746円1,736円1,825円1,617円1,671円1,635円1,912円2,261円1,656円1,797円-
企業価値729,012689,646601,799573,645610,269546,271588,118543,081595,480713,545536,962541,929-
時価総額718,420655,956561,958558,732587,368520,416537,787526,198646,824764,889573,231622,038-
純有利子負債33,69039,84114,91322,90125,85550,33116,88329,515-51,344-41,059-36,269-80,109-
PER(会予)16.7倍16.4倍14.0倍16.0倍16.8倍14.9倍15.4倍14.6倍18.0倍12.7倍9.6倍--
PBR0.7倍0.6倍0.5倍0.5倍0.5倍0.4倍0.5倍0.5倍0.5倍0.6倍0.5倍0.5倍-
PER × PBR11.7倍10.0倍7.0倍7.8倍8.4倍6.2倍7.4倍6.6倍9.7倍8.1倍4.6倍--
EV/EBITDA(会予)5.7倍5.7倍5.0倍5.0倍5.3倍4.7倍5.6倍4.6倍5.1倍6.1倍4.8倍--
PSR(会予)0.5倍0.4倍0.4倍0.4倍0.4倍0.3倍0.4倍0.3倍0.4倍0.5倍0.4倍--
PCFR(会予)7.1倍6.7倍5.7倍5.9倍6.2倍5.5倍5.6倍5.5倍6.7倍6.4倍4.9倍11.1倍-
配当金--40.0円---40.0円---60.0円-0.0円
配当利回り1.8%2.0%2.3%2.3%2.2%2.5%2.4%2.4%2.1%1.8%3.6%3.3%-
配当性向--30.5%---31.4%---23.9%--
自己資本配当率0.6%0.6%0.6%0.8%0.8%0.9%0.8%1.6%1.7%1.6%1.8%1.7%-
ROE3.9%3.7%3.7%3.5%3.3%3.7%3.5%7.3%7.2%6.8%7.4%7.1%-
純利益率(再掲)2.2%3.0%2.9%0.5%1.2%1.5%2.8%0.8%9.7%7.5%5.9%0.2%-
総資産回転率0.7回0.7回0.7回0.7回0.6回0.7回0.7回0.7回0.7回0.7回0.7回0.6回-
財務レバレッジ1.9倍1.9倍1.9倍1.9倍1.8倍1.9倍1.9倍1.9倍1.8倍1.8倍1.8倍1.9倍-
実質ROE3.7%3.6%3.6%3.3%3.2%3.5%3.4%7.0%7.1%6.8%7.3%7.0%-
ROIC2.7%2.6%2.6%1.6%1.5%1.6%1.6%1.4%1.4%1.4%1.5%1.3%-
ROA2.1%2.0%2.0%1.9%1.8%1.9%1.9%3.9%4.0%3.9%4.1%3.8%-
β0.980.961.000.960.991.051.061.071.081.121.141.12-
βの決定係数(R2)0.630.560.590.560.610.630.620.640.630.670.700.67-
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225,644221,442241,491231,639230,687223,432257,367245,900329,875287,763287,212440,927-
売上債権370,177378,180399,047361,489373,868388,243411,517371,914365,681377,456401,631351,520-
棚卸資産94,408100,85994,423101,063101,992108,27898,743106,148108,582120,731109,115115,817-
有価証券121,55189,30375,90375,25075,25072,41869,90273,00182,60358,00678,80336,616-
前払金-------------
繰延税金資産--10,550----------
貸倒引当金-2,428-2,392-2,271-2,060-2,116-2,251-2,311-2,068-1,886-1,938-2,039-1,973-
流動資産852,697836,780843,083806,746807,516823,655863,768827,667911,899873,322902,758977,623-
固定資産
建物・構築物227,259226,311589,342225,522221,805220,089580,339220,495217,499233,768609,852231,039-
機械・運搬具120,900128,076787,474127,842124,698122,017765,421124,353126,318142,631811,344155,699-
土地153,803154,197155,497154,465153,635154,085155,215152,764152,186152,853154,523154,720-
建設仮勘定22,21924,16227,47930,93136,29943,68745,91042,88550,36938,00231,67030,331-
有形固定資産536,063544,796555,649551,262548,518551,803553,732562,797569,087591,466600,528595,990-
のれん-------------
無形固定資産27,67634,62035,62535,22934,58746,40437,34535,85534,85547,45549,63847,058-
投資有価証券565,462644,192620,015691,568789,061601,626639,070684,704559,902631,959483,339639,152-
繰延税金資産--24,843---25,166------
貸倒引当金-1,257-1,242-1,036-988-866-615-589-539-481-348-385-406-
敷金および保証金-------------
投資その他の資産640,668721,995713,572784,319884,305696,685739,370785,862662,231733,464590,530682,584-
固定資産1,204,4081,301,4131,304,8481,370,8111,467,4111,294,8931,330,4471,384,5151,266,1741,372,3871,240,6961,325,633-
総資産2,057,1052,138,1932,147,9322,177,5572,274,9272,118,5492,194,2152,212,1832,178,0742,245,7092,143,4542,303,256-
 
負債
有利子負債合計259,334261,283256,404254,540256,542273,763274,250275,415278,531246,704250,943360,818-
仕入債務257,401266,437162,407260,829255,322267,556155,538253,693250,314253,660142,824235,294-
前受金-------------
未払法人税等6,5664,4307,5424,0876,2124,61316,3644,26834,87031,54842,89537,898-
繰延税金負債(固定)--131,215---138,326------
負債819,744844,277844,257838,516862,942834,973865,341859,621852,607845,736833,221946,326-
 
純資産
資本金104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986-
資本剰余金118,253116,304118,405118,403120,023120,022120,031120,031126,877126,877126,784126,784-
利益剰余金652,695662,962672,843668,069674,502676,304700,764697,246759,625765,650771,956758,756-
自己株式-53,878-53,895-53,903-53,912-53,920-53,929-53,932-53,934-20,225-4,289-4,295-4,295-
非支配株主持分156,868164,433167,199167,183169,900164,877161,957162,633124,795126,270127,605126,213-
純資産1,237,3611,293,9151,303,6741,339,0401,411,9851,283,5761,328,8741,352,5611,325,4671,399,9731,310,2321,356,930-
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22,46846,34465,4844,38714,34228,24665,1874,350101,925120,474134,8542,862-
減価償却費28,935-60,218-29,140-60,285-26,310-55,953--
のれん償却額-------------
減損損失1,0081,2292,981-39239212,096-6902,60716,65158-
受取利息及び受取配当金-4,745--7,688--3,819--7,290--4,171--6,778--
売上債権の増減額18,346--6,448-22,654--9,308-45,738-17,590--
棚卸資産の増減額-6,230--3,299--8,135--4,159--9,070-982--
仕入債務の増減額-12,802--4,810--6,648--945--14,156--16,888--
営業CF24,859-71,816-37,759-76,759-41,641-92,134--
投資CF
有価証券の取得-41,8760-69,2190-21,4650-25,0130-7,3710-32,0220-
有価証券の売却・償還6,750011,06302,254036,774091,0300103,9310-
固定資産の購入-49,1130-88,1910-38,2010-73,9860-36,6880-81,4010-
固定資産の売却3,68604,253091402,991071901,6320-
貸付け---476----13----1,491--
貸付金の回収-------------
投資CF-41,999--75,060--41,106--73,868-56,240--35,143--
財務CF
短期借入金の純増減額2,694-613-3,909-22,733--9,958--4,474--
長期借入れ17,444-18,228-1,151-1,745-23,949-31,034--
長期借入金の返済-12,715--21,542--3,763--5,270--8,812--19,355--
社債の発行-------------
社債の償還-----------22,900--
自己株式の取得-41--66--16--27--9--22--
自己株式の売却-------------
配当金の支払-6,483--12,960--6,470--12,953--6,474--13,292--
財務CF251--17,117--6,717--1,263--3,373--32,740--
換算差額-1,572--1,431--1,009--1,969--1,139--367--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額49,113072,015038,201068,580036,688086,4000-
研究開発費------17,837---19,268--
発行済株式総数321,862,488株321,854,328株321,850,453株321,845,376株321,840,678株321,835,201株321,833,478株321,831,909株338,296,931株346,157,325株346,154,260株346,153,608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--51,210人---51,712人---52,599人--
売上/従業員(千円)--28,369---28,325---28,252--
営利/従業員(千円)--1,021---884---1,263--
四半期売上(百万円)
売上5y CAGR・予想:0.1 %
四半期利益(百万円)
営利5y CAGR・予想:-6.2 %
純利5y CAGR・予想:-9.3 %
P/L
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
売上358,671365,648382,729337,801360,432376,320390,202344,355368,266364,963408,423328,2831,440,000
前期比102.4%100.9%101.2%97.7%100.5%102.9%102.0%101.9%102.2%97.0%104.7%95.3%96.9%
売上原価292,620296,642305,706278,313297,602304,172309,741282,554297,227291,477314,613267,055-
売上総利益66,05169,00577,02459,48762,83072,14880,46261,80171,03973,48693,81061,227-
%18.4%18.9%20.1%17.6%17.4%19.2%20.6%17.9%19.3%20.1%23.0%18.7%-
販管費56,93652,66055,85056,46855,08660,10157,54558,07658,50160,01957,12758,145-
営業利益9,11416,34621,1743,0197,74412,04722,9173,72412,53813,46836,6833,08240,000
前期比93.4%123.0%89.3%53.4%85.0%73.7%108.2%123.4%161.9%111.8%160.1%82.8%60.2%
%2.5%4.5%5.5%0.9%2.1%3.2%5.9%1.1%3.4%3.7%9.0%0.9%2.8%
受取利息および受取配当金0003,3400003,6870003,229-
持分法による投資利益3816687349331653-561-000228-
営業外収益1,2323,1513,0394,5982,0274,5254564,3511,2273,7161,8893,978-
支払利息6436117537477588427339891,0231,0177421,038-
持分法による投資損失000-000337-326117-78--
営業外費用1,4842,0814,3741,5992,0841,8312,7043,2063,1232,6361,9124,596-
経常利益8,86217,41719,8386,0187,68814,73920,6704,86910,64214,54836,6602,46338,000
固定資産売却益2,94715-84161115105891178-78123311108-
投資有価証券売却益02573,1581822,9957128,4784885,9726,8241,8690-
特別利益3,1357,1393,1343433,36717629,59823088,9906,9622,3142,888-
固定資産売却損000-000-000--
投資有価証券売却損53-528231,774177798288240248752,085271-
減損損失1,0082211,752-392011,704-6901,91714,04458-
特別損失1,6666803,8321,9751,0991,01113,3277502,0562,96124,5942,488-
税引前利益10,33023,87619,1404,3879,95513,90436,9414,35097,57518,54914,3802,862-
法人税等2,5955,3586,3833,0173,6374,45411,9801,94130,5445,6787,0042,926-
%25.1%22.4%33.3%68.8%36.5%32.0%32.4%44.6%31.3%30.6%48.7%102.2%-
当期純利益7,73618,51712,7571,3696,3189,45124,9612,40967,03112,8707,376-64-
非支配株主に帰属する当期純利益8461,8122,876-205-3301,229355-4868901,2231,011-713-
親会社株主に帰属する当期純利益6,89016,7069,8801,5756,6488,22024,6062,89566,14011,6486,36464922,000
前期比85.1%264.6%65.5%17.9%96.5%49.2%249.0%183.8%994.9%141.7%25.9%22.4%25.3%
%1.9%4.6%2.6%0.5%1.8%2.2%6.3%0.8%18.0%3.2%1.6%0.2%1.5%
 
EBITDA43,70531,116112,5083,01939,90322,810106,0123,72442,57229,730122,3663,082-
EPS131.3円131.3円131.3円127.5円127.5円127.5円127.5円270.5円257.3円251.5円251.5円251.5円0.0円
BPS3,357.0円3,509.3円3,531.1円3,641.1円3,859.3円3,476.0円3,625.8円3,697.4円3,549.2円3,679.5円3,416.5円3,555.4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)1,550,0001,550,0001,550,0001,510,0001,510,0001,510,0001,510,0001,520,0001,520,0001,520,0001,520,000-1,440,000
対実績比45.4%69.0%93.7%22.4%46.2%71.2%97.0%22.7%46.9%70.9%97.8%--
営業利益(期初予)70,00070,00070,00055,00055,00055,00055,00057,00057,00057,00057,000-40,000
対実績比21.1%44.5%74.7%5.5%19.6%41.5%83.1%6.5%28.5%52.2%116.5%--
純利益(期初予)43,00043,00043,00035,00035,00035,00035,00036,00036,00036,00036,000-22,000
対実績比36.5%75.3%98.3%4.5%23.5%47.0%117.3%8.0%191.8%224.1%241.8%--
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2,232円2,038円1,746円1,736円1,825円1,617円1,671円1,635円1,912円2,261円1,656円1,797円-
企業価値729,012689,646601,799573,645610,269546,271588,118543,081595,480713,545536,962541,929-
時価総額718,420655,956561,958558,732587,368520,416537,787526,198646,824764,889573,231622,038-
純有利子負債33,69039,84114,91322,90125,85550,33116,88329,515-51,344-41,059-36,269-80,109-
PER(会予)16.7倍16.4倍14.0倍16.0倍16.8倍14.9倍15.4倍14.6倍18.0倍12.7倍9.6倍--
PBR0.7倍0.6倍0.5倍0.5倍0.5倍0.4倍0.5倍0.5倍0.5倍0.6倍0.5倍0.5倍-
PER × PBR11.7倍10.0倍7.0倍7.8倍8.4倍6.2倍7.4倍6.6倍9.7倍8.1倍4.6倍--
EV/EBITDA(会予)5.7倍5.7倍5.0倍5.0倍5.3倍4.7倍5.6倍4.6倍5.1倍6.1倍4.8倍--
PSR(会予)0.5倍0.4倍0.4倍0.4倍0.4倍0.3倍0.4倍0.3倍0.4倍0.5倍0.4倍--
PCFR(会予)7.1倍6.7倍5.7倍5.9倍6.2倍5.5倍5.6倍5.5倍6.7倍6.4倍4.9倍11.1倍-
配当金--40.0円---40.0円---60.0円-0.0円
配当利回り1.8%2.0%2.3%2.3%2.2%2.5%2.4%2.4%2.1%1.8%3.6%3.3%-
配当性向--30.5%---31.4%---23.9%--
自己資本配当率0.6%0.6%0.6%0.8%0.8%0.9%0.8%1.6%1.7%1.6%1.8%1.7%-
ROE3.9%3.7%3.7%3.5%3.3%3.7%3.5%7.3%7.2%6.8%7.4%7.1%-
純利益率(再掲)2.2%3.0%2.9%0.5%1.2%1.5%2.8%0.8%9.7%7.5%5.9%0.2%-
総資産回転率0.7回0.7回0.7回0.7回0.6回0.7回0.7回0.7回0.7回0.7回0.7回0.6回-
財務レバレッジ1.9倍1.9倍1.9倍1.9倍1.8倍1.9倍1.9倍1.9倍1.8倍1.8倍1.8倍1.9倍-
実質ROE3.7%3.6%3.6%3.3%3.2%3.5%3.4%7.0%7.1%6.8%7.3%7.0%-
ROIC2.7%2.6%2.6%1.6%1.5%1.6%1.6%1.4%1.4%1.4%1.5%1.3%-
ROA2.1%2.0%2.0%1.9%1.8%1.9%1.9%3.9%4.0%3.9%4.1%3.8%-
β0.980.961.000.960.991.051.061.071.081.121.141.12-
βの決定係数(R2)0.630.560.590.560.610.630.620.640.630.670.700.67-
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225,644221,442241,491231,639230,687223,432257,367245,900329,875287,763287,212440,927-
売上債権370,177378,180399,047361,489373,868388,243411,517371,914365,681377,456401,631351,520-
棚卸資産94,408100,85994,423101,063101,992108,27898,743106,148108,582120,731109,115115,817-
有価証券121,55189,30375,90375,25075,25072,41869,90273,00182,60358,00678,80336,616-
前払金-------------
繰延税金資産--10,550----------
貸倒引当金-2,428-2,392-2,271-2,060-2,116-2,251-2,311-2,068-1,886-1,938-2,039-1,973-
流動資産852,697836,780843,083806,746807,516823,655863,768827,667911,899873,322902,758977,623-
固定資産
建物・構築物227,259226,311589,342225,522221,805220,089580,339220,495217,499233,768609,852231,039-
機械・運搬具120,900128,076787,474127,842124,698122,017765,421124,353126,318142,631811,344155,699-
土地153,803154,197155,497154,465153,635154,085155,215152,764152,186152,853154,523154,720-
建設仮勘定22,21924,16227,47930,93136,29943,68745,91042,88550,36938,00231,67030,331-
有形固定資産536,063544,796555,649551,262548,518551,803553,732562,797569,087591,466600,528595,990-
のれん-------------
無形固定資産27,67634,62035,62535,22934,58746,40437,34535,85534,85547,45549,63847,058-
投資有価証券565,462644,192620,015691,568789,061601,626639,070684,704559,902631,959483,339639,152-
繰延税金資産--24,843---25,166------
貸倒引当金-1,257-1,242-1,036-988-866-615-589-539-481-348-385-406-
敷金および保証金-------------
投資その他の資産640,668721,995713,572784,319884,305696,685739,370785,862662,231733,464590,530682,584-
固定資産1,204,4081,301,4131,304,8481,370,8111,467,4111,294,8931,330,4471,384,5151,266,1741,372,3871,240,6961,325,633-
総資産2,057,1052,138,1932,147,9322,177,5572,274,9272,118,5492,194,2152,212,1832,178,0742,245,7092,143,4542,303,256-
 
負債
有利子負債合計259,334261,283256,404254,540256,542273,763274,250275,415278,531246,704250,943360,818-
仕入債務257,401266,437162,407260,829255,322267,556155,538253,693250,314253,660142,824235,294-
前受金-------------
未払法人税等6,5664,4307,5424,0876,2124,61316,3644,26834,87031,54842,89537,898-
繰延税金負債(固定)--131,215---138,326------
負債819,744844,277844,257838,516862,942834,973865,341859,621852,607845,736833,221946,326-
 
純資産
資本金104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986104,986-
資本剰余金118,253116,304118,405118,403120,023120,022120,031120,031126,877126,877126,784126,784-
利益剰余金652,695662,962672,843668,069674,502676,304700,764697,246759,625765,650771,956758,756-
自己株式-53,878-53,895-53,903-53,912-53,920-53,929-53,932-53,934-20,225-4,289-4,295-4,295-
非支配株主持分156,868164,433167,199167,183169,900164,877161,957162,633124,795126,270127,605126,213-
純資産1,237,3611,293,9151,303,6741,339,0401,411,9851,283,5761,328,8741,352,5611,325,4671,399,9731,310,2321,356,930-
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22,46846,34465,4844,38714,34228,24665,1874,350101,925120,474134,8542,862-
減価償却費28,935-60,218-29,140-60,285-26,310-55,953--
のれん償却額-------------
減損損失1,0082211,752-392011,704-6901,91714,04458-
受取利息及び受取配当金-4,745--7,688--3,819--7,290--4,171--6,778--
売上債権の増減額18,346--6,448-22,654--9,308-45,738-17,590--
棚卸資産の増減額-6,230--3,299--8,135--4,159--9,070-982--
仕入債務の増減額-12,802--4,810--6,648--945--14,156--16,888--
営業CF24,859-71,816-37,759-76,759-41,641-92,134--
投資CF
有価証券の取得-41,8760-69,2190-21,4650-25,0130-7,3710-32,0220-
有価証券の売却・償還6,750011,06302,254036,774091,0300103,9310-
固定資産の購入-49,1130-88,1910-38,2010-73,9860-36,6880-81,4010-
固定資産の売却3,68604,253091402,991071901,6320-
貸付け---476----13----1,491--
貸付金の回収-------------
投資CF-41,999--75,060--41,106--73,868-56,240--35,143--
財務CF
短期借入金の純増減額2,694-613-3,909-22,733--9,958--4,474--
長期借入れ17,444-18,228-1,151-1,745-23,949-31,034--
長期借入金の返済-12,715--21,542--3,763--5,270--8,812--19,355--
社債の発行-------------
社債の償還-----------22,900--
自己株式の取得-41--66--16--27--9--22--
自己株式の売却-------------
配当金の支払-6,483--12,960--6,470--12,953--6,474--13,292--
財務CF251--17,117--6,717--1,263--3,373--32,740--
換算差額-1,572--1,431--1,009--1,969--1,139--367--
その他
17.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q420.Q120.Q4E
設備投資額49,113072,015038,201068,580036,688086,4000-
研究開発費------17,837---19,268--
発行済株式総数321,862,488株321,854,328株321,850,453株321,845,376株321,840,678株321,835,201株321,833,478株321,831,909株338,296,931株346,157,325株346,154,260株346,153,608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--51,210人---51,712人---52,599人--
売上/従業員(千円)--28,369---28,325---28,252--
営利/従業員(千円)--1,021---884---1,263--