Common Questions

GENERAL INFORMATION

WHERE JHSF SHARES ARE TRADED?

JHSF’s shares are traded on B3 under the ticker “JHSF3”, listed on the Novo Mercado, the highest level of corporate governance practices.

To learn more about the Novo Mercado and other listing segments, visit the B3 website.

HOW TO INVEST IN JHSF SHARES?

To invest in JHSF shares – or any other company – it is necessary to open an account with a stock broker. The brokerage has professionals focused on market analysis who can assist in making decisions about the purchase and sale of certain shares.

Stock trading can also be done online, via the Home Broker system, made available by practically all brokers.

HOW CAN I OBTAIN MY INCOME REPORT?

The contacts and procedures for requesting the Income Report can be found on our website at the link below:

Income report

HOW DO I RECEIVE INFORMATION FROM THE COMPANY?

To receive information from JHSF such as Material Facts, Notices to the Market, Notice to Shareholders, among others, simply register on the Company’s mailing list at the link below:

Receive our e-mails

DOES THE COMPANY HAVE A SHARE BUYBACK PLAN?

In August 2021, the Company’s new buyback plan was approved. The Company’s share buyback program has a limit of 28,000,000 common shares, which represent approximately 9.15% of the Company’s total shares outstanding in the market.

For more details on the repurchase, click here.  

To monitor the balance of repurchased shares, access the latest Form ICVM358 “Shares held and traded by the Company, Subsidiaries and Affiliates” available at:

https://ri.jhsf.com.br/en/corporate-governance/icvm-358/

The Company’s buyback program follows CVM Instruction 567/15 and the Company’s Bylaws, article 21, item XV.

 

HOW DO I JOIN THE TEAM?

To check out opportunities to join the team, click here.

REAL ESTATE DEVELOPMENT

WHAT WERE THE PROJECTS DEVELOPED AND DELIVERED BY THE COMPANY?

The Company was responsible for the development of a several renowned projects, such as Parque Cidade Jardim, Vitra, Cidade Jardim Towhouses, Fazenda Boa Vista, among others.

On our institutional website, under “Real Estate Development”, are all the projects developed by JHSF.

RECENTLY JHSF LAUNCHED NEW PROJECTS? WHICH ARE?

In 2019, with the relative improvement of the economy reflected by the increase in the consumer confidence index and added to a scenario of low interest rate levels, the Company resumed the launch of projects announcing two new ones: Fasano Resicendes and Boa Vista Village. In 2021, we announced the Boa Vista Estates project and in December we started selling Memberships of the Boa Vista Village surf pool. In 1Q22 we started to sell São Paulo Surf Club Memberships, in the Real Park project, and in 2Q22 we had the pre-launch of Reserva Cidade Jardim.

All projects will be developed on land that is part of the Company’s Land bank.

More information about each of the developments is available on the JHSF Real Estate Sales App.

RENTAL HOUSES AND CLUBS

WHAT CLUB PROJECTS ARE UNDER DEVELOPMENT BY THE COMPANY?

In June 2023, the Boa Vista Village Surf Club, the company’s first club, was officially opened.

We currently sell memberships of São Paulo Surf Club, located in the future Real Park project.

The clubs’ surf pools count with PerfectSwell technology from American Wave Machines, one of the most recognized companies in the surf industry.

HOW MANY HOUSES ARE RENTED?

Currently the Company has 20 high end standard properties for rent.

And also the projects: Fasano Residences, Golf Residences, Bosque Cidade Jardim, Reserva Cidade Jardim and more units in Boa Vista Village.

MALLS

WHAT MALLS ARE IN THE COMPANY'S PORTFOLIO?

We currently have six malls in operation: Shopping Cidade Jardim, Catarina Fashion Outlet, BV Market, and Shops Jardins located in the State of São Paulo. And Shopping Bela Vista and Shopping Ponta Negra located in Salvador and Manaus, respectively.


                        
WHAT PARTICIPATION DOES THE COMPANY HAVE IN EACH MALL?

Below is the table of participation of JHSF in each mall in its portfolio:

 

Portfolio Location % JHSF GLA Total (sqm) GLA JHSF (sqm) Opening date
Shopping Cidade Jardim São Paulo – SP 50.01% 47,080 23,545 2008
Shopping Bela Vista Salvador – BA 26.01% 51,145 13,303 2012
Shopping Ponta Negra Manaus – AM 40.01% 36,349 14,543 2013
Catarina Fashion Outlet São Roque – SP 50.01% 29,128 14,567 2014
Catarina Fashion Outlet 3ʳᵈ Expansion São Roque – SP 68.00% 21,791 14,818 2023
BV Market Porto Feliz – SP 100.00% 949 949 2020
Shops Jardins São Paulo – SP 70.00% 6,000 4,200 2020

 

 

HOSPITALITY AND GASTRONOMY

HOW MANY HOTELS AND RESTAURANTS ARE IN THE BRAND'S PORTFOLIO?

There are 10 hotels in operation (São Paulo, Rio de Janeiro, Fazenda Boa Vista, Punta del Este, Angra de Reis, Belo Horizonte, Salvador, NY and Trancoso), as well as 30 restaurants and bars in 9 cities (São Paulo, Rio de Janeiro, Angra dos Reis, Porto Feliz, Punta del Este, Belo Horizonte, Salvador, Trancoso and NY).

For more information, visit the Fasano website.

WHAT PARTICIPATION DOES THE COMPANY HAVE IN THE FASANO BRAND?

Approximately 65%, according to the organization chart of item 6.5 of the FRE.

INTERNATIONAL EXECUTIVE AIRPORT

WHERE IS IT LOCATED AND WHAT IS THE CURRENT CAPACITY?

The São Paulo Catarina International Executive Airport, is located at Rodovia Castello Branco, km 62, in the city of São Roque, SP.

Currently the airport has a runway of 2,470 meters – larger than the runway at Congonhas airport – 136.345 sqm distributed in twelve hangars and 56.517 sqm distributed in yards.

For more information on JHSF Executive Airport, click here.

RETAIL

WHAT CONSTITUTE JHSF'S RETAIL SEGMENT?

The operation of international luxury brands that JHSF has the exclusive rights in Brazil, and has the strategic objective of intensify the portfolio of the Company’s malls in order to exclusively serve the high-income client.

At the end of 1Q23, there were 15 brands and 2 multi-brands in operation, distributed in 21 stores. Currently, the stores are present in the Cidade Jardim Mall, Shops Jardins, BV Market and Catarina Fashion Outlet, references in high income in Brazil.

DIGITAL + ID

WHAT CONSTITUTES THE SEGMENT?

This segment consolidate the E-commerce “CJ Fashion” results and other digital operations within the JHSF ID Membership, a loyalty and rewards program of the Company. JHSF ID Membership offers exclusively to members the CJ Fashion (E-commerce), CJ Food, and CJ Concierge (Private Shoppers), and they will have access to an exclusive channel to use J-Coins, a virtual currency that can be used within the universe of JHSF products and services.

In addition, members will have access to an exclusive credit card that will bring even more benefits.

CAPITAL

WHAT IS JHSF CAPITAL?

JHSF Capital is a new business unit with the objective of delivering real estate development financial investment products and solutions.

Through professional investment management, JHSF Capital will bring to the domestic and international markets, the opportunity of co-investment in the Company’s real estate development projects, as well as the structuring of income, shopping center and real estate receivables funds.

CAPITAL STRUCTURE

WHAT COMPANY'S INDEBTEDNESS AND CASH POSITION?

At the end of 3Q23, the table below represented the Company’s debt and cash position:

 

Cash and Equivalents and Indebtedness (R$* milion) Sep/23 Jun/23 Var. R$ Million Var. %
Gross Debt (3,076.7) (3,106.3) 29.6 -1,0%
Mandatorily convertible debt 120.7 120.8 0.1 -0.1%
Cash, Equivalents and Interest earnings bank deposits 515.6 703.4 (187.8) -26.7%
Accounts receivable (“on balance”) 1,287.9 1308,8 (20.9) -1.6%
Net Debt  (1,152.5)  (973.3) (179.2)  18.4%

For more details, access the 3Q23 earnings release.

DIVIDENDS

WHAT IS THE DIVIDEND POLICY?

The Company follows the Law 6404/76 (Brazilian Corporate Law) which mandatory dividends must be paid annually and must represent at least 25% of the net income for the fiscal year.

To access the Law 6404/76, click here.

WHAT IS THE PAYMENT HISTORY?

To access the history of dividends paid by JHSF, click here.

HOW IS DIVIDEND CALCULATION DONE?

To calculate the amount of annual mandatory dividends, it is necessary to subtract from the annual net income for the year the constitution of the legal reserve and the portion of the unrealized income.

For more details, see Financial Statements