Kanefusa (5984.T) Stock Price
Kanefusa Price
Over the last 19 years Kanefusa grew revenue by 1.3% annually, reaching 20.23 B JPY. Earnings per share have grown at 0.0% per year over the last 19 years. For Kanefusa, the net margin of 4.9% is up versus 2.8% a few years ago. At today's price the dividend yield works out to roughly 3.42%. The payout ratio is around 35% of earnings. The stock trades about 10% above its 52-week low.
Kanefusa stock price
Details
Stock Price
ⓘHow to Read This Chart
This chart tracks the historical stock price of Kanefusa over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.
Total Return vs. Price Return
The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.
Intraday Price Data
When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Kanefusa stock reacts to market openings, earnings releases, or breaking news throughout the trading session.
What to Look For
Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Kanefusa's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.
| Date | Kanefusa Price |
|---|---|
| 8/5/2026 | 731.00 JPY |
| 8/4/2026 | 730.00 JPY |
| 8/3/2026 | 732.00 JPY |
| 7/31/2026 | 734.00 JPY |
| 7/30/2026 | 734.00 JPY |
| 7/29/2026 | 732.00 JPY |
| 7/28/2026 | 736.00 JPY |
| 7/27/2026 | 738.00 JPY |
| 7/24/2026 | 740.00 JPY |
| 7/23/2026 | 738.00 JPY |
| 7/22/2026 | 742.00 JPY |
| 7/21/2026 | 736.00 JPY |
| 7/17/2026 | 744.00 JPY |
| 7/16/2026 | 747.00 JPY |
| 7/15/2026 | 736.00 JPY |
| 7/14/2026 | 733.00 JPY |
| 7/13/2026 | 730.00 JPY |
| 7/10/2026 | 729.00 JPY |
| 7/9/2026 | 726.00 JPY |
| 7/8/2026 | 733.00 JPY |
| 7/7/2026 | 734.00 JPY |
| 7/6/2026 | 728.00 JPY |
| 7/3/2026 | 730.00 JPY |
| 7/2/2026 | 733.00 JPY |
| 7/1/2026 | 717.00 JPY |
| 6/30/2026 | 713.00 JPY |
| 6/29/2026 | 718.00 JPY |
| 6/26/2026 | 714.00 JPY |
| 6/25/2026 | 716.00 JPY |
| 6/24/2026 | 715.00 JPY |
| 6/23/2026 | 721.00 JPY |
| 6/22/2026 | 706.00 JPY |
| 6/19/2026 | 727.00 JPY |
| 6/18/2026 | 729.00 JPY |
| 6/17/2026 | 720.00 JPY |
| 6/16/2026 | 719.00 JPY |
| 6/15/2026 | 715.00 JPY |
| 6/12/2026 | 712.00 JPY |
| 6/11/2026 | 707.00 JPY |
| 6/10/2026 | 724.00 JPY |
| 6/9/2026 | 726.00 JPY |
| 6/8/2026 | 715.00 JPY |
| 6/5/2026 | 726.00 JPY |
| 6/4/2026 | 726.00 JPY |
| 6/3/2026 | 730.00 JPY |
| 6/2/2026 | 724.00 JPY |
| 6/1/2026 | 720.00 JPY |
| 5/29/2026 | 722.00 JPY |
| 5/28/2026 | 717.00 JPY |
| 5/27/2026 | 719.00 JPY |
| 5/26/2026 | 735.00 JPY |
| 5/25/2026 | 745.00 JPY |
| 5/22/2026 | 738.00 JPY |
| 5/21/2026 | 745.00 JPY |
| 5/20/2026 | 741.00 JPY |
| 5/19/2026 | 756.00 JPY |
| 5/18/2026 | 732.00 JPY |
| 5/15/2026 | 757.00 JPY |
| 5/14/2026 | 751.00 JPY |
| 5/13/2026 | 752.00 JPY |
| 5/12/2026 | 752.00 JPY |
| 5/11/2026 | 758.00 JPY |
| 5/8/2026 | 759.00 JPY |
| 5/7/2026 | 791.00 JPY |
| 5/1/2026 | 778.00 JPY |
| 4/30/2026 | 769.00 JPY |
| 4/28/2026 | 752.00 JPY |
| 4/27/2026 | 741.00 JPY |
| 4/24/2026 | 737.00 JPY |
| 4/23/2026 | 735.00 JPY |
| 4/22/2026 | 743.00 JPY |
| 4/21/2026 | 756.00 JPY |
| 4/20/2026 | 741.00 JPY |
| 4/17/2026 | 762.00 JPY |
| 4/16/2026 | 758.00 JPY |
| 4/15/2026 | 761.00 JPY |
| 4/14/2026 | 767.00 JPY |
| 4/13/2026 | 767.00 JPY |
| 4/10/2026 | 788.00 JPY |
| 4/9/2026 | 785.00 JPY |
| 4/8/2026 | 785.00 JPY |
| 4/7/2026 | 788.00 JPY |
| 4/6/2026 | 779.00 JPY |
| 4/3/2026 | 786.00 JPY |
| 4/2/2026 | 800.00 JPY |
| 4/1/2026 | 759.00 JPY |
| 3/31/2026 | 756.00 JPY |
| 3/30/2026 | 763.00 JPY |
| 3/27/2026 | 796.00 JPY |
| 3/26/2026 | 787.00 JPY |
| 3/25/2026 | 796.00 JPY |
| 3/24/2026 | 804.00 JPY |
| 3/23/2026 | 778.00 JPY |
| 3/19/2026 | 804.00 JPY |
| 3/18/2026 | 838.00 JPY |
| 3/17/2026 | 820.00 JPY |
| 3/16/2026 | 830.00 JPY |
| 3/13/2026 | 837.00 JPY |
| 3/12/2026 | 843.00 JPY |
| 3/11/2026 | 854.00 JPY |
| 3/10/2026 | 838.00 JPY |
| 3/9/2026 | 857.00 JPY |
| 3/6/2026 | 866.00 JPY |
| 3/5/2026 | 887.00 JPY |
| 2/27/2026 | 888.00 JPY |
| 2/26/2026 | 862.00 JPY |
| 2/25/2026 | 853.00 JPY |
| 2/20/2026 | 849.00 JPY |
| 2/19/2026 | 861.00 JPY |
| 2/18/2026 | 833.00 JPY |
| 2/17/2026 | 838.00 JPY |
| 2/16/2026 | 847.00 JPY |
| 2/13/2026 | 842.00 JPY |
| 2/12/2026 | 860.00 JPY |
| 2/10/2026 | 849.00 JPY |
| 2/9/2026 | 813.00 JPY |
| 2/6/2026 | 806.00 JPY |
| 2/5/2026 | 791.00 JPY |
| 2/4/2026 | 781.00 JPY |
| 2/3/2026 | 770.00 JPY |
| 2/2/2026 | 787.00 JPY |
| 1/30/2026 | 835.00 JPY |
| 1/29/2026 | 806.00 JPY |
| 1/28/2026 | 797.00 JPY |
| 1/27/2026 | 813.00 JPY |
| 1/26/2026 | 810.00 JPY |
| 1/23/2026 | 803.00 JPY |
| 1/22/2026 | 805.00 JPY |
| 1/21/2026 | 795.00 JPY |
| 1/20/2026 | 803.00 JPY |
| 1/19/2026 | 800.00 JPY |
| 1/16/2026 | 785.00 JPY |
| 1/15/2026 | 785.00 JPY |
| 1/14/2026 | 756.00 JPY |
| 1/13/2026 | 748.00 JPY |
| 1/9/2026 | 715.00 JPY |
| 1/8/2026 | 720.00 JPY |
| 1/7/2026 | 719.00 JPY |
| 1/6/2026 | 713.00 JPY |
| 1/5/2026 | 711.00 JPY |
| 12/30/2025 | 706.00 JPY |
| 12/29/2025 | 709.00 JPY |
| 12/26/2025 | 703.00 JPY |
| 12/25/2025 | 706.00 JPY |
| 12/24/2025 | 712.00 JPY |
| 12/23/2025 | 712.00 JPY |
| 12/22/2025 | 708.00 JPY |
| 12/19/2025 | 722.00 JPY |
| 12/18/2025 | 704.00 JPY |
| 12/17/2025 | 700.00 JPY |
| 12/16/2025 | 705.00 JPY |
| 12/15/2025 | 698.00 JPY |
| 12/12/2025 | 695.00 JPY |
| 12/11/2025 | 688.00 JPY |
| 12/10/2025 | 697.00 JPY |
| 12/9/2025 | 692.00 JPY |
| 12/8/2025 | 692.00 JPY |
| 12/5/2025 | 694.00 JPY |
| 12/4/2025 | 693.00 JPY |
| 12/3/2025 | 693.00 JPY |
| 12/2/2025 | 695.00 JPY |
| 12/1/2025 | 692.00 JPY |
| 11/28/2025 | 699.00 JPY |
| 11/27/2025 | 695.00 JPY |
| 11/26/2025 | 702.00 JPY |
| 11/25/2025 | 688.00 JPY |
| 11/21/2025 | 685.00 JPY |
| 11/20/2025 | 681.00 JPY |
| 11/19/2025 | 681.00 JPY |
| 11/18/2025 | 677.00 JPY |
| 11/17/2025 | 681.00 JPY |
| 11/14/2025 | 677.00 JPY |
| 11/13/2025 | 686.00 JPY |
| 11/12/2025 | 690.00 JPY |
| 11/11/2025 | 680.00 JPY |
| 11/10/2025 | 686.00 JPY |
| 11/7/2025 | 673.00 JPY |
| 11/6/2025 | 673.00 JPY |
| 11/5/2025 | 671.00 JPY |
| 11/4/2025 | 678.00 JPY |
| 10/31/2025 | 669.00 JPY |
| 10/30/2025 | 673.00 JPY |
| 10/29/2025 | 673.00 JPY |
| 10/28/2025 | 675.00 JPY |
| 10/27/2025 | 679.00 JPY |
| 10/24/2025 | 678.00 JPY |
| 10/23/2025 | 677.00 JPY |
| 10/22/2025 | 676.00 JPY |
| 10/21/2025 | 668.00 JPY |
| 10/20/2025 | 674.00 JPY |
| 10/17/2025 | 676.00 JPY |
| 10/16/2025 | 677.00 JPY |
| 10/15/2025 | 685.00 JPY |
| 10/14/2025 | 675.00 JPY |
| 10/10/2025 | 680.00 JPY |
| 10/9/2025 | 676.00 JPY |
| 10/8/2025 | 677.00 JPY |
| 10/7/2025 | 679.00 JPY |
| 10/6/2025 | 678.00 JPY |
| 10/3/2025 | 675.00 JPY |
| 10/2/2025 | 676.00 JPY |
| 10/1/2025 | 675.00 JPY |
| 9/30/2025 | 673.00 JPY |
| 9/29/2025 | 678.00 JPY |
| 9/26/2025 | 679.00 JPY |
| 9/25/2025 | 684.00 JPY |
| 9/24/2025 | 680.00 JPY |
| 9/22/2025 | 679.00 JPY |
| 9/19/2025 | 677.00 JPY |
| 9/18/2025 | 677.00 JPY |
| 9/17/2025 | 672.00 JPY |
| 9/16/2025 | 675.00 JPY |
| 9/12/2025 | 676.00 JPY |
| 9/11/2025 | 677.00 JPY |
| 9/10/2025 | 677.00 JPY |
| 9/9/2025 | 676.00 JPY |
| 9/8/2025 | 669.00 JPY |
| 9/5/2025 | 672.00 JPY |
| 9/4/2025 | 671.00 JPY |
| 9/3/2025 | 669.00 JPY |
| 9/2/2025 | 670.00 JPY |
| 9/1/2025 | 670.00 JPY |
| 8/29/2025 | 672.00 JPY |
| 8/28/2025 | 675.00 JPY |
| 8/27/2025 | 670.00 JPY |
| 8/26/2025 | 671.00 JPY |
| 8/25/2025 | 671.00 JPY |
| 8/22/2025 | 668.00 JPY |
| 8/21/2025 | 670.00 JPY |
| 8/20/2025 | 667.00 JPY |
| 8/19/2025 | 667.00 JPY |
| 8/18/2025 | 668.00 JPY |
| 8/15/2025 | 666.00 JPY |
| 8/14/2025 | 664.00 JPY |
| 8/13/2025 | 669.00 JPY |
| 8/12/2025 | 666.00 JPY |
| 8/8/2025 | 665.00 JPY |
Kanefusa Revenue, EBIT, Net Income
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Kanefusa Income Statement, Balance Sheet, Cash Flow Statement
| REVENUEB JPY |
|---|
| REVENUE GROWTH% |
| GROSS MARGIN% |
| GROSS INCOMEB JPY |
| EBITB JPY |
| EBIT MARGIN% |
| NET INCOMEB JPY |
| NET INCOME GROWTH% |
| DIVIDENDDIV.JPY |
| DIVIDEND GROWTHDIV. GROWTH% |
| SHARESM |
| 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11.41 | 13.68 | 14.81 | 15.20 | 17.16 | 18.53 | 18.29 | 18.42 | 19.54 | 20.21 | 18.98 | 16.03 | 19.67 | 21.12 | 20.08 | 20.23 |
| -21.69 | 19.92 | 8.25 | 2.61 | 12.88 | 7.99 | -1.25 | 0.68 | 6.11 | 3.39 | -6.05 | -15.55 | 22.68 | 7.38 | -4.92 | 0.75 |
| 27.92 | 32.19 | 33.11 | 32.70 | 32.78 | 34.15 | 31.95 | 32.18 | 33.62 | 33.74 | 32.95 | 28.47 | 32.10 | 30.32 | 29.89 | 29.41 |
| 3.19 | 4.40 | 4.90 | 4.97 | 5.62 | 6.33 | 5.85 | 5.93 | 6.57 | 6.82 | 6.26 | 4.56 | 6.31 | 6.40 | 6.00 | 5.95 |
| -0.42 | 0.61 | 0.91 | 0.90 | 1.25 | 1.94 | 1.42 | 1.47 | 1.74 | 1.93 | 1.39 | 0.47 | 1.78 | 1.44 | 1.05 | 0.75 |
| -3.65 | 4.44 | 6.14 | 5.90 | 7.27 | 10.46 | 7.76 | 7.95 | 8.91 | 9.55 | 7.33 | 2.90 | 9.02 | 6.82 | 5.25 | 3.69 |
| -0.11 | 0.29 | 0.49 | 0.71 | 0.50 | 1.32 | 0.68 | 0.93 | 1.05 | 1.38 | 0.78 | 0.45 | 1.35 | 1.28 | 0.89 | 0.98 |
| -158.46 | -352.63 | 70.49 | 45.42 | -29.97 | 163.40 | -48.06 | 35.96 | 12.37 | 32.15 | -43.52 | -42.56 | 200.45 | -5.20 | -30.56 | 11.06 |
| 15.00 | 15.00 | 15.00 | 15.50 | 15.00 | 28.50 | 15.00 | 20.00 | 22.50 | 29.50 | 15.50 | 13.50 | 29.00 | 28.00 | 22.50 | 25.00 |
| 20.00 | – | – | 3.33 | -3.23 | 90.00 | -47.37 | 33.33 | 12.50 | 31.11 | -47.46 | -12.90 | 114.81 | -3.45 | -19.64 | 11.11 |
| 14.00 | 14.00 | 14.00 | 14.00 | 14.00 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 | 13.90 |
Details
Income Statement Key Figures
ⓘRevenue and Revenue Growth
Revenue is the starting point of every income statement — it measures the total sales Kanefusa generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.
Gross Margin
Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Kanefusa retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Kanefusa's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.
EBIT and EBIT Margin
EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.
Net Income and Earnings Per Share (EPS)
Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.
Shares Outstanding
The total number of shares Kanefusa has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.
Analyst Estimates
The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Kanefusa's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.
Kanefusa stock margins
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Kanefusa Stock Revenue, EBIT, Earnings per Share
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Kanefusa business model & stock analysis
Kanefusa Eulerpool Fair Value
Details
Fair Value Estimate
ⓘWhat Is Fair Value?
Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.
Earnings-Based Fair Value
Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.
Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021
Revenue-Based Fair Value
Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"
Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021
Dividend-Based Fair Value
Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.
Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021
How to Use This Chart
When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.
Kanefusa historical P/E ratio, EBIT multiple, and P/S ratio
Kanefusa annual returns
Details
Annual Return
ⓘWhat This Chart Shows
This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.
Price Return
Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.
Dividend Return
Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.
What to Look For
Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.
Kanefusa shares outstanding
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Kanefusa Dividend History
21 years of dividend payments
Kanefusa dividend history and estimates
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Kanefusa dividend payout ratio
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Kanefusa shareholder structure
| % | Name |
|---|---|
16.53957% | |
9.82734% | |
9.54676% | |
5.48201% | |
4.41007% | |
4.26619% |
Kanefusa Beneficial Ownership Filings (SEC 13D/G)
Kanefusa Executives and Management Board
15 members · avg. age 60 · 0 % women
Management
Mr. Takuma Isogai (61)
Executive President, Representative Director · since 2019
Mr. Koichi Imaizumi (58)
Managing Executive Officer, Chief Director of Sales, Director · since 2019
Mr. Tetsuro Mantani (66)
Managing Executive Officer, Director of Research Development, Manager of Main Factory, Director · since 2009
Mr. Kenji Sachiku (57)
Managing Executive Officer, Chief Director of Administration, Manager of Human Resource Development Office, Director · since 2019
Mr. Hisanobu Watanabe
Executive Officer, Deputy Chief Director of Main Sales Unit, Manager of New Market Development Office
Mr. Toru Minami
Executive Officer, Director of Precision cutting tools Business
Board of Directors
Mr. Masato Watanabe (67)
Chairman of the Board, Representative Director · since 2000
Mr. Toshio Yamauchi
Director · since 2017
Mr. Toru Koike (58)
Independent Director
Mr. Yuji Yamazaki (56)
Independent Director
Kanefusa Supply Chain
Frequently asked questions about Kanefusa
Converted at the current exchange rate, the Kanefusa share trades at 4.01 EUR (731.00 JPY).
No history available for Kanefusa.
The revenue cannot currently be calculated for Kanefusa.
The profit cannot currently be calculated for Kanefusa.
The P/E ratio cannot be calculated for Kanefusa at the moment.
The P/S cannot be calculated for Kanefusa currently.
The Eulerpool Quality Score for Kanefusa is 2/10.
The ISIN of Kanefusa is JP3216800007. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.
The ticker of Kanefusa is 5984.T. The ticker symbol is used to trade Kanefusa shares on the stock exchange.
Over the past 12 months, Kanefusa paid a dividend of 25.00 JPY . This corresponds to a dividend yield of about 3.42 %. For the coming 12 months, Kanefusa is expected to pay a dividend of 22.50 JPY.
The current dividend yield of Kanefusa is 3.42 %.
Kanefusa pays a dividend, distributed in the months of , , , .
Kanefusa paid dividends every year for the past 20 years.
For the upcoming 12 months, dividends amounting to 22.50 JPY are expected. This corresponds to a dividend yield of 3.08 %.
Kanefusa is assigned to the 'Industry' sector.
To receive the latest dividend of Kanefusa from amounting to 10 JPY, you needed to have the stock in your portfolio before the ex-date on .
The last dividend was paid out on .
In the year 2025, Kanefusa distributed 28 JPY as dividends.
The dividends of Kanefusa are distributed in JPY.
Kanefusa stock
Kanefusa Peer Group
Kanefusa FIGI
All fundamentals and in-depth analysis of Kanefusa
Our stock analysis for Kanefusa stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Kanefusa. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.