通期売上(百万円)
売上5y CAGR・予想:0.6 %
通期利益(百万円)
営利5y CAGR・予想:1.5 %
純利5y CAGR・予想:1.2 %
P/L
2017.32018.32019.32020.3
売上4,584,5524,769,4104,840,8494,640,000
前期比101.3%104.0%101.5%95.9%
売上原価----
売上総利益----
%----
販管費----
営業利益944,738973,2641,013,645830,000
前期比120.7%103.0%104.1%81.9%
%20.6%20.4%20.9%17.9%
受取利息および受取配当金----
持分法による投資利益---12,013-
営業外収益10,122157,355--
支払利息----
持分法による投資損失----
営業外費用5,29733,994--
経常利益949,5631,096,6301,002,635-
固定資産売却益----
投資有価証券売却益----
特別利益----
固定資産売却損----
投資有価証券売却損----
減損損失----
特別損失----
税引前利益949,5631,096,6301,002,635-
法人税等287,679337,775337,784-
%30.3%30.8%33.7%-
当期純利益650,611746,621664,851-
非支配株主に帰属する当期純利益--1,222-
親会社株主に帰属する当期純利益652,538744,542663,629575,000
前期比119.0%114.1%89.1%86.6%
%14.2%15.6%13.7%12.4%
 
EBITDA1,397,0791,397,0791,458,7661,909,435
EPS176.1円201.0円184.7円174.9円
BPS1,492.9円1,590.2円1,475.6円-
期初会社予想
2017.32018.32019.32020.3
売上高(期初予)4,620,0004,750,0004,790,0004,640,000
対実績比99.2%100.4%101.1%-
営業利益(期初予)910,000960,000990,000830,000
対実績比103.8%101.4%102.4%-
純利益(期初予)640,000655,000695,000575,000
対実績比102.0%113.7%95.5%-
配当
ROEデュポン分解
β
マルチプル
2017.32018.32019.32020.3
企業価値9,716,3059,753,7588,277,355-
時価総額9,604,13810,063,5068,808,692-
純有利子負債112,167-309,748-531,337-
PER(会予)14.7倍13.6倍13.1倍-
PBR1.7倍1.7倍1.7倍-
PER × PBR25.5倍23.2倍21.8倍-
EV/EBITDA(会予)7.0倍6.9倍5.6倍-
PSR(会予)2.1倍2.1倍1.8倍-
PCFR(会予)8.7倍8.4倍7.6倍-
配当金80.0円100.0円110.0円120.0円
配当利回り3.1%2.9%4.1%-
配当性向45.4%45.4%48.3%-
自己資本配当率5.4%6.3%7.5%-
ROE11.8%12.6%12.5%-
純利益率(再掲)14.2%15.6%13.7%-
総資産回転率0.6回0.6回0.6回-
財務レバレッジ1.3倍1.3倍1.5倍-
実質ROE11.0%11.8%11.5%-
ROIC11.4%10.4%12.6%-
ROA8.8%9.4%8.6%-
β0.550.570.62-
βの決定係数(R2)0.210.200.22-
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112,167392,749219,963-
売上債権586,694678,1002,100,910-
棚卸資産153,388198,556228,357-
有価証券--70,933-
前払金----
繰延税金資産----
貸倒引当金----
流動資産2,836,2703,037,1502,922,859-
固定資産
建物・構築物----
機械・運搬具----
土地----
建設仮勘定----
有形固定資産2,540,8952,596,0302,623,789-
のれん230,971224,264608,513-
無形固定資産839,747823,411608,513-
投資有価証券----
繰延税金資産--150,725-
貸倒引当金----
敷金および保証金----
投資その他の資産----
固定資産4,505,8404,711,1404,417,687-
総資産7,453,0707,748,2907,340,546-
 
負債
有利子負債合計224,334221,70351,427-
仕入債務853,538863,840902,755-
前受金----
未払法人税等--166,503-
繰延税金負債(固定)----
負債1,891,9302,036,1501,946,422-
 
純資産
資本金949,680949,680949,680-
資本剰余金--169,083-
利益剰余金4,656,1404,789,2304,160,495-
自己株式-426,442-448,4030-
非支配株主持分30,51731,73522,271-
純資産5,561,1505,712,1405,394,124-
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--1,002,635-
減価償却費452,341485,502470,922-
のれん償却額--608,513-
減損損失----
受取利息及び受取配当金---7,510-
売上債権の増減額---153,962-
棚卸資産の増減額--4,793-
仕入債務の増減額--84,882-
営業CF1,312,4201,511,5401,216,014-
投資CF
有価証券の取得000-
有価証券の売却・償還000-
固定資産の購入-643,451-623,248-392,168-
固定資産の売却000-
貸付け----
貸付金の回収----
投資CF-943,094-718,372-296,469-
財務CF
短期借入金の純増減額----
長期借入れ----
長期借入金の返済----
社債の発行----
社債の償還----
自己株式の取得---600,000-
自己株式の売却----
配当金の支払---377,245-
財務CF-433,097-690,406-1,090,052-
換算差額--3-
その他
2017.32018.32019.32020.3
設備投資額----
研究開発費83,100---
発行済株式総数3,704,585,533株3,704,585,450株3,593,184,463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26,734人27,464人26,564人-
売上/従業員(千円)171,488171,488173,660-
営利/従業員(千円)35,33835,33835,438-
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5y CAGR・予想:1.5 %
純利5y CAGR・予想:1.2 %
P/L
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
売上4,584,5521,136,7002,300,1313,595,6804,769,4101,176,6702,389,5213,654,1204,840,8491,159,2852,330,0033,516,0374,640,000
前期比101.3%24.8%50.2%78.4%104.0%24.7%50.1%76.6%101.5%23.9%48.1%72.6%95.9%
売上原価-------------
売上総利益-------------
%-------------
販管費-------------
営業利益944,738278,299548,776835,346973,264309,925610,524902,0231,013,645278,717540,259787,851830,000
前期比120.7%29.5%58.1%88.4%103.0%31.8%62.7%92.7%104.1%27.5%53.3%77.7%81.9%
%20.6%24.5%23.9%23.2%20.4%26.3%25.6%24.7%20.9%24.0%23.2%22.4%17.9%
受取利息および受取配当金-------------
持分法による投資利益---------12,0131,0062,6563,130-
営業外収益10,1223,6455,865148,012157,3558,41212,05512,192-----
支払利息-------------
持分法による投資損失-------------
営業外費用5,2979813525,36433,9941,2741,4442,579-----
経常利益949,563281,846554,506957,9941,096,630317,062621,136911,6351,002,635285,380548,571796,434-
固定資産売却益-------------
投資有価証券売却益-------------
特別利益-------------
固定資産売却損-------------
投資有価証券売却損-------------
減損損失-------------
特別損失-------------
税引前利益949,563281,846554,506957,9941,096,630317,062621,136911,6351,002,635285,380548,571796,434-
法人税等287,67984,642173,406298,506337,77597,991212,875302,228337,78492,688174,937252,185-
%30.3%30.0%31.3%31.2%30.8%30.9%34.3%33.2%33.7%32.5%31.9%31.7%-
当期純利益650,611190,542375,081656,250746,621219,071408,260609,408664,851192,692373,635544,248-
非支配株主に帰属する当期純利益--------1,2223851,2831,935-
親会社株主に帰属する当期純利益652,538189,939373,911654,288744,542218,318407,057607,551663,629192,307372,352542,313575,000
前期比119.0%29.1%57.3%100.3%114.1%29.3%54.7%81.6%89.1%29.0%56.1%81.7%86.6%
%14.2%16.7%16.3%18.2%15.6%18.6%17.0%16.6%13.7%16.6%16.0%15.4%12.4%
 
EBITDA1,397,0791,397,0791,397,0791,397,0791,397,0791,458,7661,458,7661,458,7661,458,7662,093,0802,093,0802,093,0801,909,435
EPS176.1円201.0円201.0円201.0円201.0円207.2円184.7円184.7円184.7円199.0円201.9円201.9円174.9円
BPS1,492.9円1,504.7円1,504.7円1,554.9円1,590.2円1,580.9円1,591.4円1,643.1円1,475.6円1,610.6円1,654.6円1,654.6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)4,620,0004,750,0004,750,0004,750,0004,750,0004,790,0004,790,0004,790,0004,790,0004,580,0004,580,0004,580,0004,640,000
対実績比99.2%23.9%48.4%75.7%100.4%24.6%49.9%76.3%101.1%25.3%50.9%76.8%-
営業利益(期初予)910,000960,000960,000960,000960,000990,000990,000990,000990,000830,000830,000830,000830,000
対実績比103.8%29.0%57.2%87.0%101.4%31.3%61.7%91.1%102.4%33.6%65.1%94.9%-
純利益(期初予)640,000655,000655,000655,000655,000695,000695,000695,000695,000575,000575,000575,000575,000
対実績比102.0%29.0%57.1%99.9%113.7%31.4%58.6%87.4%95.5%33.4%64.8%94.3%-
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9,716,3059,720,0749,418,1509,552,0849,753,7589,910,64610,783,8728,167,3028,277,3558,209,8058,742,3509,679,293-
時価総額9,604,1389,824,5619,522,6379,857,90210,063,50610,141,76310,977,1798,884,1498,808,6928,379,7689,050,5409,987,483-
純有利子負債112,167-104,487-104,487-305,818-309,748-231,117-193,307-716,847-531,337-169,963-308,190-308,190-
PER(会予)14.7倍15.0倍14.5倍15.1倍13.6倍14.6倍15.8倍13.3倍13.1倍14.6倍15.7倍17.4倍-
PBR1.7倍1.8倍1.7倍1.7倍1.7倍1.8倍1.9倍1.5倍1.7倍1.6倍1.7倍1.8倍-
PER × PBR25.5倍26.4倍24.8倍25.8倍23.2倍26.1倍30.3倍20.0倍21.8倍22.7倍26.2倍31.9倍-
EV/EBITDA(会予)7.0倍6.9倍6.7倍6.8倍6.9倍6.7倍7.3倍5.5倍5.6倍4.3倍4.6倍5.1倍-
PSR(会予)2.1倍2.1倍2.0倍2.1倍2.1倍2.1倍2.3倍1.8倍1.8倍1.8倍2.0倍2.2倍-
PCFR(会予)8.7倍8.9倍8.6倍8.9倍8.4倍8.6倍9.3倍7.7倍7.6倍5.1倍5.5倍6.0倍-
配当金80.0円---100.0円---110.0円---120.0円
配当利回り3.1%3.0%3.1%3.0%2.9%3.5%3.3%4.0%4.1%4.4%4.0%3.6%-
配当性向45.4%45.4%45.4%45.4%45.4%48.3%48.3%48.3%48.3%55.3%55.3%55.3%-
自己資本配当率5.4%6.6%6.6%6.4%6.3%6.3%6.9%6.7%7.5%6.8%6.6%6.6%-
ROE11.8%13.4%13.4%12.9%12.6%13.1%11.6%11.2%12.5%12.4%12.2%12.2%-
純利益率(再掲)14.2%16.7%16.3%18.2%15.6%18.6%17.0%16.6%13.7%16.6%16.0%15.4%-
総資産回転率0.6回0.6回0.6回0.6回0.6回0.6回0.7回0.6回0.6回0.7回0.6回0.6回-
財務レバレッジ1.3倍1.3倍1.3倍1.3倍1.3倍1.4倍1.3倍1.3倍1.5倍1.4倍1.4倍1.4倍-
実質ROE11.0%12.4%12.4%12.0%11.8%12.1%10.8%10.4%11.5%12.4%11.9%11.9%-
ROIC11.4%11.0%11.0%10.6%10.4%10.9%11.7%11.3%12.6%12.5%12.3%12.3%-
ROA8.8%10.1%10.1%9.7%9.4%9.6%9.0%8.6%8.6%9.0%8.9%8.9%-
β0.550.580.580.590.570.460.510.630.620.580.550.57-
βの決定係数(R2)0.210.200.200.200.200.130.160.230.220.200.190.20-
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112,167326,346527,546531,451392,749274,735768,279582,764219,963145,905358,190157,781-
売上債権586,694527,723527,723575,063678,100675,7661,912,2801,973,0602,100,9102,128,1562,142,2452,142,245-
棚卸資産153,388179,951179,951142,847198,556187,402179,973162,771228,357178,340110,993110,993-
有価証券--------70,93370,79961,3611,099-
前払金-------------
繰延税金資産-------------
貸倒引当金-------------
流動資産2,836,2702,668,9002,939,0203,208,2003,037,1502,738,1203,294,6903,312,4202,922,8592,527,8042,750,6642,632,494-
固定資産
建物・構築物-------------
機械・運搬具-------------
土地-------------
建設仮勘定-------------
有形固定資産2,540,8952,539,9322,560,8622,573,5402,596,0302,546,3422,557,9612,575,8332,623,7892,603,0862,609,3702,603,835-
のれん230,971229,905231,637232,764224,26471,98672,91072,097608,51332,79932,41030,830-
無形固定資産839,747832,605828,944822,609823,411679,934680,098675,295608,513604,634617,498619,023-
投資有価証券-------------
繰延税金資産--------150,725166,313169,672145,679-
貸倒引当金-------------
敷金および保証金-------------
投資その他の資産-------------
固定資産4,505,8404,677,3504,702,7004,674,3204,711,1404,630,9004,391,6904,405,5804,417,6874,712,2344,736,9274,755,155-
総資産7,453,0707,346,2507,641,7207,882,5207,748,2907,369,0207,686,3807,718,0107,340,5467,240,0397,487,5917,387,649-
 
負債
有利子負債合計224,334221,859221,859221,728221,703161,63281,42851,43251,42750,00050,00050,000-
仕入債務853,538698,444698,444708,589863,840888,722760,494820,134902,7551,058,007865,155865,155-
前受金-------------
未払法人税等--------166,503109,530191,392106,023-
繰延税金負債(固定)-------------
負債1,891,9301,741,2201,850,3401,959,6902,036,1501,623,3301,754,1702,387,2501,946,4221,885,7932,025,3462,007,431-
 
純資産
資本金949,680949,680949,680949,680949,680949,680949,680949,680949,680949,680949,680949,680-
資本剰余金--------169,083169,083155,641155,630-
利益剰余金4,656,1404,697,9004,881,8704,977,0104,789,2304,950,1805,145,3405,148,4104,160,4954,214,9244,412,0964,390,734-
自己株式-426,442-426,442-426,442-426,442-448,403-448,403-448,403-448,4030-48,213-122,762-190,690-
非支配株主持分30,51730,66831,08431,72431,73527,64128,13728,66822,27122,03522,81821,073-
純資産5,561,1505,605,0305,791,3805,922,8305,712,1405,745,6905,932,2105,330,7605,394,1245,354,2465,462,2455,380,217-
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--------1,002,635285,380548,571796,434-
減価償却費452,341119,029240,023361,538485,502113,844231,538-470,922141,520284,986430,947-
のれん償却額--------608,513----
減損損失-------------
受取利息及び受取配当金---------7,510-8,974-9,567-10,626-
売上債権の増減額---------153,96244,2173,924-116,088-
棚卸資産の増減額--------4,79336,10568,67445,158-
仕入債務の増減額--------84,882-153,007-113,385-59,781-
営業CF1,312,420301,187762,9231,161,0801,511,540234,837680,725-1,216,014174,478628,857801,314-
投資CF
有価証券の取得000000000000-
有価証券の売却・償還000000000000-
固定資産の購入-643,451-195,278-340,164-483,219-623,248-184,502-314,711-453,000-392,168-123,878-205,036-293,539-
固定資産の売却000000000000-
貸付け-------------
貸付金の回収-------------
投資CF-943,094-115,051-373,661-589,771-718,372-87,539-6,252--296,469365-133,424-246,832-
財務CF
短期借入金の純増減額-------------
長期借入れ-------------
長期借入金の返済-------------
社債の発行-------------
社債の償還-------------
自己株式の取得---------600,000-48,213-122,762-190,689-
自己株式の売却-------------
配当金の支払---------377,245-181,668-183,432-380,500-
財務CF-433,097-149,177-151,426-329,833-690,406-262,997-297,004--1,090,052-248,759-356,901-616,700-
換算差額--------3-143-30536-
その他
16.Q417.Q117.Q217.Q317.Q418.Q118.Q218.Q318.Q419.Q119.Q219.Q319.Q4
設備投資額-------------
研究開発費83,10021,60044,60067,300-21,40043,200------
発行済株式総数3,704,585,533株3,704,585,533株3,704,585,533株3,704,585,533株3,704,585,450株3,593,184,513株3,593,184,513株3,593,184,513株3,593,184,463株3,335,230,961株3,287,519,056株3,287,519,056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26,734人---27,464人---26,564人----
売上/従業員(千円)171,488171,488171,488171,488171,488173,660173,660173,660173,660182,233182,233182,233-
営利/従業員(千円)35,33835,33835,33835,33835,33835,43835,43835,43835,43838,15938,15938,159-