Valuation Update With 7 Day Price Move • Jul 21
Investor sentiment deteriorates as stock falls 15% After last week's 15% share price decline to JP¥2,079, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 13x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 34% over the past three years. Reported Earnings • Jul 16
First quarter 2027 earnings released: EPS: JP¥44.73 (vs JP¥42.49 in 1Q 2026) First quarter 2027 results: EPS: JP¥44.73 (up from JP¥42.49 in 1Q 2026). Revenue: JP¥2.53b (up 9.7% from 1Q 2026). Net income: JP¥604.6m (up 5.6% from 1Q 2026). Profit margin: 24% (in line with 1Q 2026). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.3% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 37% per year but the company’s share price has only increased by 9% per year, which means it is significantly lagging earnings growth. Board Change • Jun 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 4 experienced directors. 2 highly experienced directors. Full-Time Auditor Hirohisa Takada was the last director to join the board, commencing their role in 2023. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Reported Earnings • Apr 14
Full year 2026 earnings: EPS in line with expectations, revenues disappoint Full year 2026 results: EPS: JP¥178 (up from JP¥83.10 in FY 2025). Revenue: JP¥9.55b (up 19% from FY 2025). Net income: JP¥2.40b (up 114% from FY 2025). Profit margin: 25% (up from 14% in FY 2025). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 36% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Ankündigung • Apr 13
PR TIMES Corporation, Annual General Meeting, May 27, 2026 PR TIMES Corporation, Annual General Meeting, May 27, 2026. Ankündigung • Apr 03
PR TIMES Corporation to Report Fiscal Year 2026 Results on Apr 13, 2026 PR TIMES Corporation announced that they will report fiscal year 2026 results on Apr 13, 2026 Upcoming Dividend • Feb 19
Upcoming dividend of JP¥13.60 per share Eligible shareholders must have bought the stock before 26 February 2026. Payment date: 28 May 2026. Payout ratio is a comfortable 6.5% and this is well supported by cash flows. Trailing yield: 0.6%. Lower than top quartile of Japanese dividend payers (3.4%). Lower than average of industry peers (2.1%). Buy Or Sell Opportunity • Jan 14
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 4.7% to JP¥2,810. The fair value is estimated to be JP¥3,523, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Earnings per share has grown by 29%. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 13% per annum over the same time period. Major Estimate Revision • Nov 26
Consensus EPS estimates increase by 12% The consensus outlook for fiscal year 2026 has been updated. 2026 EPS estimate increased from JP¥160 to JP¥178. Revenue forecast unchanged at JP¥9.50b. Net income forecast to grow 45% next year vs 12% growth forecast for Interactive Media and Services industry in Japan. Consensus price target of JP¥3,800 unchanged from last update. Share price was steady at JP¥2,828 over the past week. Declared Dividend • Oct 16
Dividend of JP¥13.60 announced Shareholders will receive a dividend of JP¥13.60. Ex-date: 26th February 2026 Payment date: 28th May 2026 Dividend yield will be 0.5%, which is lower than the industry average of 1.4%. Payout Ratios Payout ratio: 8%. Cash payout ratio: 8%. Reported Earnings • Oct 15
Second quarter 2026 earnings released: EPS: JP¥51.86 (vs JP¥23.35 in 2Q 2025) Second quarter 2026 results: EPS: JP¥51.86 (up from JP¥23.35 in 2Q 2025). Revenue: JP¥2.37b (up 21% from 2Q 2025). Net income: JP¥699.6m (up 123% from 2Q 2025). Profit margin: 30% (up from 16% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. New Risk • Sep 04
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Japanese stocks, typically moving 7.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 15
First quarter 2026 earnings released: EPS: JP¥42.44 (vs JP¥23.81 in 1Q 2025) First quarter 2026 results: EPS: JP¥42.44 (up from JP¥23.81 in 1Q 2025). Revenue: JP¥2.31b (up 20% from 1Q 2025). Net income: JP¥572.0m (up 79% from 1Q 2025). Profit margin: 25% (up from 17% in 1Q 2025). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 7.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 7% per year whereas the company’s share price has increased by 9% per year. New Risk • Jul 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Apr 12
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: JP¥83.10 (down from JP¥86.57 in FY 2024). Revenue: JP¥8.00b (up 17% from FY 2024). Net income: JP¥1.12b (down 3.7% from FY 2024). Profit margin: 14% (down from 17% in FY 2024). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) also missed analyst estimates by 14%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 6.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has remained flat and the company’s share price has also remained flat. Valuation Update With 7 Day Price Move • Jan 17
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to JP¥2,035, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 31% over the past three years. New Risk • Jan 14
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jan 13
Third quarter 2025 earnings released: EPS: JP¥27.74 (vs JP¥29.82 in 3Q 2024) Third quarter 2025 results: EPS: JP¥27.74 (down from JP¥29.82 in 3Q 2024). Revenue: JP¥2.09b (up 19% from 3Q 2024). Net income: JP¥373.4m (down 6.7% from 3Q 2024). Profit margin: 18% (down from 23% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.8% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has fallen by 15% per year, which means it is performing significantly worse than earnings. Ankündigung • Jan 10
Pr Times Corporation Provides Dividend Guidance for Year Ending February 28, 2025 PR TIMES Corporation provided dividend guidance for year ending February 28, 2025. The company expects to pay the dividend of JPY 10.30 per share. Reported Earnings • Oct 13
Second quarter 2025 earnings released: EPS: JP¥23.35 (vs JP¥27.53 in 2Q 2024) Second quarter 2025 results: EPS: JP¥23.35 (down from JP¥27.53 in 2Q 2024). Revenue: JP¥1.97b (up 17% from 2Q 2024). Net income: JP¥314.0m (down 15% from 2Q 2024). Profit margin: 16% (down from 22% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Interactive Media and Services industry in Japan. Valuation Update With 7 Day Price Move • Aug 05
Investor sentiment deteriorates as stock falls 21% After last week's 21% share price decline to JP¥1,458, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 18x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 52% over the past three years. New Risk • Jul 22
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Japanese stocks, typically moving 5.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Reported Earnings • Jul 13
First quarter 2025 earnings released: EPS: JP¥23.88 (vs JP¥17.25 in 1Q 2024) First quarter 2025 results: EPS: JP¥23.88 (up from JP¥17.25 in 1Q 2024). Revenue: JP¥1.93b (up 20% from 1Q 2024). Net income: JP¥320.9m (up 39% from 1Q 2024). Profit margin: 17% (up from 14% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.0% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Jun 01
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥86.57 (up from JP¥57.90 in FY 2023). Revenue: JP¥6.84b (up 20% from FY 2023). Net income: JP¥1.16b (up 49% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 7.9% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Apr 12
Full year 2024 earnings: EPS and revenues exceed analyst expectations Full year 2024 results: EPS: JP¥86.57 (up from JP¥57.90 in FY 2023). Revenue: JP¥6.84b (up 20% from FY 2023). Net income: JP¥1.16b (up 49% from FY 2023). Profit margin: 17% (up from 14% in FY 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Jan 13
Third quarter 2024 earnings released: EPS: JP¥29.78 (vs JP¥10.14 in 3Q 2023) Third quarter 2024 results: EPS: JP¥29.78 (up from JP¥10.14 in 3Q 2023). Revenue: JP¥1.76b (up 17% from 3Q 2023). Net income: JP¥399.5m (up 194% from 3Q 2023). Profit margin: 23% (up from 9.1% in 3Q 2023). Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.4% growth forecast for the Interactive Media and Services industry in Japan. Valuation Update With 7 Day Price Move • Jan 12
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to JP¥2,113, the stock trades at a forward P/E ratio of 25x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total loss to shareholders of 52% over the past three years. Ankündigung • Jan 11
PR TIMES Corporation Provides Consolidated Earnings Guidance for the Full Year of Fiscal Ending February 29, 2024 PR TIMES Corporation provided consolidated earnings guidance for the full year of fiscal ending February 29, 2024. For the full year, The company expects net sales to be JPY 6,650 million, Operating profit to be JPY 1,500 million, profit attributable to owners of parent to be JPY 1,004 million or JPY 74.89 per basic share. Reported Earnings • Oct 13
Second quarter 2024 earnings released: EPS: JP¥27.53 (vs JP¥21.00 in 2Q 2023) Second quarter 2024 results: EPS: JP¥27.53 (up from JP¥21.00 in 2Q 2023). Revenue: JP¥1.68b (up 17% from 2Q 2023). Net income: JP¥369.0m (up 31% from 2Q 2023). Profit margin: 22% (up from 20% in 2Q 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Reported Earnings • Jul 15
First quarter 2024 earnings released: EPS: JP¥17.26 (vs JP¥21.90 in 1Q 2023) First quarter 2024 results: EPS: JP¥17.26 (down from JP¥21.90 in 1Q 2023). Revenue: JP¥1.61b (up 16% from 1Q 2023). Net income: JP¥231.1m (down 21% from 1Q 2023). Profit margin: 14% (down from 21% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 9.1% growth forecast for the Interactive Media and Services industry in Japan. Ankündigung • Jul 14
PR TIMES Corporation Provides Consolidated Earnings Guidance for the Six Months and Full Year of Fiscal Ending February 29, 2024 PR TIMES Corporation provided consolidated earnings guidance for the six months and full year of fiscal ending February 29, 2024. For the six months, The company expects net sales to be JPY 3,221 million, Operating profit to be JPY 634 million, profit attributable to owners of parent to be JPY 417 million or JPY 31.11 per basic share.For the full year, The company expects net sales to be JPY 6,650 million, Operating profit to be JPY 1,500 million, profit attributable to owners of parent to be JPY 1,004 million or JPY 74.89 per basic share. Reported Earnings • May 30
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥57.90 (down from JP¥96.94 in FY 2022). Revenue: JP¥5.71b (up 18% from FY 2022). Net income: JP¥777.0m (down 39% from FY 2022). Profit margin: 14% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 29%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 8.7% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 4% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Apr 20
Investor sentiment deteriorates as stock falls 19% After last week's 19% share price decline to JP¥1,543, the stock trades at a forward P/E ratio of 15x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 60% over the past three years. Reported Earnings • Apr 15
Full year 2023 earnings: EPS and revenues miss analyst expectations Full year 2023 results: EPS: JP¥57.90 (down from JP¥96.94 in FY 2022). Revenue: JP¥5.71b (up 18% from FY 2022). Net income: JP¥777.0m (down 39% from FY 2022). Profit margin: 14% (down from 26% in FY 2022). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 4.1%. Earnings per share (EPS) also missed analyst estimates by 29%. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 15% per year, which means it is significantly lagging earnings growth. Valuation Update With 7 Day Price Move • Jan 19
Investor sentiment deteriorated over the past week After last week's 26% share price decline to JP¥1,839, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 20x in the Interactive Media and Services industry in Japan. Total returns to shareholders of 43% over the past three years. Reported Earnings • Jan 13
Third quarter 2023 earnings released: EPS: JP¥10.14 (vs JP¥17.64 in 3Q 2022) Third quarter 2023 results: EPS: JP¥10.14 (down from JP¥17.64 in 3Q 2022). Revenue: JP¥1.50b (up 20% from 3Q 2022). Net income: JP¥136.0m (down 43% from 3Q 2022). Profit margin: 9.1% (down from 19% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Jan 12
PR TIMES, Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending February 28, 2023 PR TIMES, Inc. provided consolidated earnings guidance for the fiscal year ending February 28, 2023. The company expects net sales to be JPY 5,950 million, Operating profit to be JPY 1,600 million, profit attributable to owners of parent to be JPY 1,105 million or JPY 82.30 per basic share. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Oct 17
Second quarter 2023 earnings released: EPS: JP¥21.05 (vs JP¥17.64 in 2Q 2022) Second quarter 2023 results: EPS: JP¥21.05 (up from JP¥17.64 in 2Q 2022). Revenue: JP¥1.43b (up 15% from 2Q 2022). Net income: JP¥282.8m (up 19% from 2Q 2022). Profit margin: 20% (in line with 2Q 2022). Revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 8.9% growth forecast for the Interactive Media and Services industry in Japan. Over the last 3 years on average, earnings per share has increased by 46% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Ankündigung • Oct 14
PR TIMES, Inc. Provides Consolidated Earnings Guidance for the Year Ending February 28, 2023 PR TIMES, Inc. provided consolidated earnings guidance for the year ending February 28, 2023. For the year, the company expectsa net sales of JPY 5,950 million, operating income of JPY 1,600 million, net income attributable to owners of parent of JPY 1,105 million or JPY 82.30 per basic share. Ankündigung • Aug 14
PR TIMES, Inc. (TSE:3922) announces an Equity Buyback for 30,500 shares, representing 0.23% for ¥80 million. PR TIMES, Inc. (TSE:3922) announces a share repurchase program. Under the program, the company will repurchase up to 30,500 shares, representing 0.23% of its issued share capital (excluding treasury stock), for a total purchase price of ¥80 million. The purpose of the program is to suppress dilution resulting from allocating shares to employees. The program will continue through August 24, 2022. As of July 31, 2022, the company had 13,440,091 issued shares (excluding treasury stock) and 17,109 treasury shares. Ankündigung • Jul 14
PR TIMES, Inc. Provides Consolidated Earnings Guidance for the Six Months Ending August 31, 2022 and Full Year Ending February 28, 2023 PR TIMES, Inc. provided consolidated earnings guidance for the six months ending August 31, 2022 and full year ending February 28, 2023. For the six months, the company expects net sales of JPY 2,823 million, operating profit of JPY 675 million, profit attributable to owners of parent of JPY 466 million and earnings per share of JPY 34.71.For the year, the company expects net sales of JPY 5,950 million, operating profit of JPY 1,600 million, profit attributable to owners of parent of JPY 1,105 million and earnings per share of JPY 82.30. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (4 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Ankündigung • Feb 02
PR TIMES, Inc. to Report Fiscal Year 2022 Results on Apr 13, 2022 PR TIMES, Inc. announced that they will report fiscal year 2022 results on Apr 13, 2022 Ankündigung • Jan 13
PR TIMES, Inc. Provides Consolidated Earning Guidance for the Full Year Ending February 28, 2022 PR TIMES, Inc. provided consolidated earning guidance for the full year ending February 28, 2022. For the period, the company expects net sales to be JYP 4,715 million, operating profit to be JYP 1,750 million, Profit attributable to owners of parent to be JYP 1,212 million and earnings per share to be JYP 93.02. Ankündigung • May 15
PR TIMES, Inc. Provides Non-Consolidated Earning Guidance for the Six Months Ending August 31, 2021 PR TIMES, Inc. provided non-consolidated earning guidance for the six months ending August 31, 2021 and year ending February 28, 2022, for the six months, the company expects Net Sales were JYP 2,216 million, operating profit was JYP 2,216 million, Profit attributable to owners of parent was JYP 556 million and earnings per share was JYP 42.70. Ankündigung • May 14
PR TIMES, Inc. Provides Non-Consolidated Earnings Guidance for the Year Ending February 28, 2022 PR TIMES, Inc. provided non-consolidated earnings guidance for the year ending February 28, 2022. For the year, the company expects net sales of JPY 4,715 million. Operating profit of JPY 1,750 million. Profit attributable to owners of parent of JPY 1,212 million. Earnings per share of JPY 93.02. Is New 90 Day High Low • Mar 08
New 90-day low: JP¥2,946 The company is down 8.0% from its price of JP¥3,190 on 08 December 2020. The Japanese market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Interactive Media and Services industry, which is flat over the same period. Ankündigung • Jan 31
PR TIMES, Inc. to Report Fiscal Year 2021 Results on Apr 13, 2021 PR TIMES, Inc. announced that they will report fiscal year 2021 results on Apr 13, 2021 Is New 90 Day High Low • Jan 13
New 90-day high: JP¥4,490 The company is up 14% from its price of JP¥3,935 on 15 October 2020. The Japanese market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Interactive Media and Services industry, which is down 11% over the same period. Ankündigung • Sep 12
PR TIMES, Inc. (TSE:3922) agreed to acquire ism, Inc. PR TIMES, Inc. (TSE:3922) agreed to acquire ism, Inc. on September 11, 2020. After this transaction, ism will operate as a subsidiary of PR TIMES. The transaction is expected to close on October 1, 2020. Ankündigung • Aug 24
PR TIMES, Inc. to Report Q2, 2021 Results on Oct 13, 2020 PR TIMES, Inc. announced that they will report Q2, 2021 results on Oct 13, 2020