Jollibee Foods Corporation
Our Business
Jollibee Foods Corporation’s (“JFC” or the “Company”) core business is the development, operation and franchising of its quick-service restaurant brands. It offers a wide variety of affordable and delicious dishes and great tasting food prepared to satisfy customers of all ages and from all walks of life.
Food quality, service, price-value relationship, store location and ambience, and efficient operations continue to be critical elements of the Company’s success in the quick-service restaurant industry.
Our Company
Jollibee Foods Corporation (JFC) is the Philippines’ largest Food Service business and is continuously expanding its presence in foreign countries. It has a System Wide Sales of P117.9 billion and a Net Income of P5.4 billion in 2014.
JFC has a total store network of 2,951 stores worldwide as of
March 31, 2015. In the Philippines, JFC’s store network totals to 2,335: Jollibee brand 869, Greenwich 216, Chowking 419, Red Ribbon 334, Mang Inasal 452, and Burger King 45. Abroad, it operates 616 stores: Yonghe King 313, Hong Zhuang Yuan 43, and San Pin Wang, 53, all in China, Jollibee 123 (USA 32, Vietnam 60, Brunei 12, Saudi Arabia 10, Qatar 3, Kuwait 3, Singapore 2 and Hong Kong 1), Chowking 47 (US 19, UAE 20, Qatar 5, Oman 2 and Kuwait 1), Red Ribbon US 34 and Jinja Bar US 3.
JFC also has a 50% share in joint ventures for the following stores: Highlands Coffee (Philippines, Vietnam) 77, Pho 24 (Vietnam, Indonesia, Philippines, Cambodia, Macau and Korea) 45, and 12 Sabu (China) 20.
JFC also operates commissaries or manufacturing plants to support the continued growth of its retail chain. It has 12 commissaries and a distribution center in the Philippines. Abroad, it has 3 commissaries in China, 3 in the United States and 1 in Vietnam.
JFC is also committed to serve its host communities through socio-civic projects through the Jollibee Group Foundation. The foundation has focused its work on feeding programs for undernourished children in poor communities, developing farmers to become better entrepreneurs and suppliers of agricultural products and providing disaster relief for calamity-stricken regions.
Jollibee Foods Corporation has grown brands that bring delightful dining experience to its customers worldwide, “Spreading the joy of eating to everyone.”
Milestones
2018
- Jollibee celebrates its 40th year
2017
- Jollibee celebrates its 1,000th store milestone
- Brand Finance proclaims Jollibee as one of the world’s most valuable brands
- Canadian Prime Minister visits Jollibee Winnipeg
- Jollibee launches the Kwentong Jollibee Valentine’s series, which went viral immediately after it was released
- Jollibee opens first store in Boracay
2016
- Jollibee partners with Ms. Universe, with the candidates visiting a Jollibee store
- Jollibee Skokie opens, its first store in Chicago
- Jollibee opens first store in Canada
- Jollibee is part of Forbes Fab 50 companies
- Jollibee launches Adobo Flakes Burger and Halo-halo Sundae in celebration of Independence Day
- Jollibee launches its first mobile-based App, Jollidance Showdown
- Jollibee launches #8-7000, its one number, nationwide delivery hotline.
- Jollibee launches Kwentong Jollibee with 3 digital videos: Jabee, Tagpuan and Almusal, based on stories from Jollibee customers
- Anthony Bourdain visits Jollibee and features it on his show Parts Unknown
2015
Jollibee opens its milestone 900th store at Palo, Leyte
The Jollibee Family Values Awards marks its 5th year
Jollibee partners with DOT for Visit the Philippines Tourism campaign
Jollibee holds the Jollitown Funtasy Land
2014
Jollibee celebrates the 20th milestone year of Maaga ang Pasko
Jollibee mounts the Family Bee Day – largest nationwide and simultaneous Family picnic event
2013
- Jollibee celebrates its 35th anniversary.
- Jollibee Foundation is renamed Jollibee Group Foundation.
- Jollibee opens its 1st store in Singapore.
- JFC inaugurated the JFC Distribution Center, the Philippines’ largest automated Quick Service Restaurant (QSR) logistics facility.
- Jollibee opens its 800th store in Malaybalay, Bukidnon.
- Jollibee opens its 100th international store in Jubail, Saudi Arabia.
- JFC breaks into Forbes Asia’s Fab 50 (Asia-Pacific’s best 50 big listed companies).
- USA’s Restaurant Business Magazine includes Jollibee as among the 50 fastest growing chains in the United States.
- Red Ribbon opens 250th store in Tagbilaran City, Bohol.
- Mr. Tony Tan Caktiong is named Global Filipino Executive of the Year at the Asia CEO Awards.
- JFC’s system-wide sales break the Php100 Billion sales mark.
2012
- JFC completes its purchase of San Pin Wang business.
- JFC completes its acquisition of 50% of SuperFoods Group, which owns and operates Highlands Coffee and Pho 24.
- Jollibee opens its 1st store in Kuwait.
- Chowking opens its 1st store in Oman.
- Jollibee is named by New York-based magazine Travel + Leisure as one of the best fast food chains in the world.
- JFC enters into joint venture agreement to own and operate 12 Sabu, a restaurant serving low-priced, hot-pot dishes in China.
- JFC was included among the 26 enterprises from ASEAN countries that were conferred with the “Most Admired ASEAN Enterprise” Award by the ASEAN Business Advisory Council.
2011
- JFC acquires majority stake of Chow Fun, which operates the Jinja Bar and Bistro in New Mexico, USA.
- JFC builds the Jollibee Foods Processing commissary in China.
- JFC acquires majority stake in Burger King Philippines’ franchise.
- Jollibee opens its 1st store in Hawaii, USA.
- Red Ribbon opened its 1st two stores in Hawaii, USA.
- Chowking opens its 1st store in Qatar.
- Jollibee Foundation receives the 2011 Agora Award for Outstanding Achievement in Advocacy Marketing for their Busog, Lusog, Talino (BLT) school feeding program.
- Mang Inasal opens its 400th store in Greenhills, San Juan.
2010
- Chowking celebrates its 25th year.
- JFC acquires 70% of Mang Inasal business.
- Jollibee opens its 700th store in Baguio City.
- Jollibee opens its 1st store in Qatar.
2009
- Jollibee Foundation builds the Jollibee-Gawad Kalinga village in Butuan City where 49 houses are constructed and given to families who used to live in flood-prone areas of the city.
2008
- JFC completes its purchase of Hong Zhuang Yuan, a chain of restaurants located mostly in Beijing.
- Jollibee launches Jollitown, the first educational children’s TV musical on a television network.
- Chowking completes its Php270 Million modernization program for its two commissaries.
- Greenwich becomes ISO-certified.
- Jollibee Foundation launches the Farmer Entrepreneurship Program, which provides opportunities to small farmers to participate in JFC’s supply chain.
- JFC celebrates its 30th year.
2007
- Jollibee opens its 600th store in Aparri.
2004
- JFC acquires its 1st foreign brand – Yonghe King, a fast food chain in China.
- JFC opens Zenith Foods Corporation, the largest commissary in Asia with an initial investment of Php1.5 Billion.
- Jollibee opens its 500th store in Basilan.
- JFC establishes the Jollibee Foundation.
- JFC Chairman & CEO Tony Tan Caktiong is named the Ernst & Young’s 2004 World Entrepreneur of the Year.
2006
- JFC establishes Jollibee Worldwide Services (JWS).
- JFC is chosen as the Most Admired Company in the Philippines by the Asian Wall Street Journal.
- Chowking receives the Asian Corporate Social Responsibility (CSR) Merit Award in the Best Workplace Practices category for its Cooks’ Certification Program.
- Jollibee is named recipient of The Asian CSR Merit Award under the Concern for Health category for its Deaf Employment Program.
2005
- JFC acquires Red Ribbon Bakeshop.
2003
- For the sixth straight year, the Far Eastern Economic Review ranks JFC as the Philippines’ Leading Company.
2002
- JFC Chairman and Chief Executive Officer (CEO) Tony Tan Caktiong is named Management Association of the Philippines’ (MAP) “Management Man of the Year.”
2001
- Jollibee opens its 400th store in Intramuros, Manila.
2000
- JFC acquires Chowking Food Corporation.
- JFC’s system-wide sales reached Php20 Billion.
1998
- Jollibee opens its 300th store in Balagtas, Bulacan.
- Jollibee opens its 1st store in USA – Daly City, California.
1997
- JFC’s system-wide sales exceed the Php10 Billion mark.
- Greenwich opens its 100th store.
1996
- Jollibee opens its 200th store in Malolos, Bulacan.
1994
- JFC acquires Greenwich Pizza Corporation.
1993
- On July 13, JFC lists its shares in the Philippine Stock Exchange with an initial offering of Php 9.00/share. In October, JFC shares sell for Php 20.00/share – a windfall of more than 135%.
- JFC is cited as one of the leading companies in Asia by the Far Eastern Economic Review.
1991
- Jollibee opens its 100th store in Davao.
1989
- Philippine Advertising Congress names “Balut” and “Ligaw” commercials as the Kidlat Award winner of the year in the Service and Leisure Products category.
1987
- JFC takes its first step towards international expansion, opening its 1st overseas store in Brunei.
- JFC makes it to Philippines’ Top 100 Corporations.
1986
- Jollibee opens its first international outlet, in Taiwan.
1983
- The long-running Langhap -sarap TV campaign is introduced.
1980
- The well-loved Jollibee mascot is conceived to support brand awareness and identity efforts.
Other mascots are later introduced. - Jollibee launches Chickenjoy, which becomes one of its best-selling menu items.
1978
- Jollibee incorporates as a 100% Filipino-owned company, with seven Jollibee fast- food restaurants within Metro Manila as initial network and the Yumburger as flagship product.
1975
- The Tan Family opens ice cream parlors in Cubao and Quiapo, the first Jollibee outlets.
Mission
To serve great tasting food, bringing the joy of eating to everyone.
Vision
To be one of the Top 5 Restaurant Companies in the World
Core Values
Through the years, JFC has formed its foundation from good business practices and strong core values of Customer Focus, Speed with Excellence, Integrity, Spirit of Family and Fun, Humility to Listen and Learn. JFC continues its steadfast commitment in upholding these core values:
Customer focus
- We provide great taste, and superior value to all our customers.
- We treat our customers with sincere service and a warm smile.
- We take part in creating exceptional customer experience.
Speed with Excellence
- We plan, decide and act quickly.
- We set challenging goals and execute well.
- We constantly find ways to improve and innovate.
Humility to Listen and Learn
- We seek, welcome and value feedback
- We acknowledge and learn from our mistakes
- We aspire to learn from people from all walks of life
Spirit of Family and Fun
- We take care of each other and bring out the best in everyone
- We are true to our name, hard-working and happy.
- We recognize individuality and foster teamwork.
Integrity
- We live by honesty and we do what is right all the time.
- We act as responsible stewards of the company.
- We speak our minds constructively when needed.
Board of Directors
Tony Tan Caktiong (Chairman)
Ernesto Tanmantiong
William Tan Untiong
Joseph C. Tanbuntiong
Ang Cho Sit
Antonio Chua Poe Eng
Ret. Chief Justice Artemio Panganiban
Monico V. Jacob (independent director)
Cezar P. Consing (independent director)
Corporate Officers
Ernesto Tanmantiong – President and Chief Executive Officer
Joseph Tanbuntiong – Treasurer
William Tan Untiong – Corporate Secretary
Ysmael V. Baysa – Chief Financial Officer
Daniel Rafael Ramon Z. Gomez III – Chief Marketing Officer
Company’s Organizational Chart/Group Corporate Structure
Shareholding Structure
- As of December 31, 2017
- As of September 30, 2017
- As of June 30, 2017
- As of March 31, 2017
- As of March 31, 2016
- As of February 29, 2016
- As of January 31, 2016
- As of December 31, 2015
- As of November 30, 2015
- As of October 31, 2015
- As of September 30, 2015
- As of July 31, 2015
- As of June 30, 2015
- As of May 31, 2015
- As of April 30, 2015
- As of March 31, 2015
- As of January 31, 2015
Ownership Structure
As of October 31, 2014
| Number of Issued and Outstanding Shares | 1,078,971,014 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,062,523,674 |
|---|
| Number of Foreign-Owned Shares | 319,831,501 |
| Foreign Ownership Level (%) | 30.10 % |
|---|
Top 20 Shareholders
As of October 31, 2014
| Stockholder Name | Total Direct &Indirect Shares | Percentage of Ownership | |
|---|---|---|---|
| 1 | PCD Nominee Corporation (Non-Filipino) | 318,696,163 | 29.99% |
| 2 | Hyper Dynamic Corporation | 273,218,750 | 25.71% |
| 3 | Honeysea Corporation | 127,743,747 | 12.02% |
| 4 | PCD Nominee Corporation (Filipino) | 77,473,833 | 7.29% |
| 5 | Winall Holding Corporation | 54,140,736 | 5.10% |
| 6 | Honeyworth Corporation | 40,050,453 | 3.77% |
| 7 | Kingsworth Corporation | 29,168,935 | 2.75% |
| 8 | Centregold Corporation | 27,430,964 | 2.58% |
| 9 | Gemma Tanbuntiong | 21,910,601 | 2.06% |
| 10 | Venice Corporation | 17,423,735 | 1.64% |
| 11 | A-Star Holding Corporation | 16,920,393 | 1.59% |
| 12 | Azucena T. King | 10,491,199 | 0.99% |
| 13 | Tony Tan Caktiong | 8,994,565 | 0.85% |
| 14 | William Tan Untiong | 7,293,055 | 0.69% |
| 15 | Longshore Corporation | 5,260,184 | 0.50% |
| 16 | Ernesto Tanmantiong | 5,200,970 | 0.49% |
| 17 | Paul Rosenberg | 1,000,460 | 0.09% |
| 18 | Susana Tanmantiong | 782,857 | 0.07% |
| 19 | Masancay, Anastacia | 746,000 | 0.07% |
| 20 | Baysa, Ysmael | 511,667 | 0.05% |
| Total | 1,044,459,267 | 98.30% | |
| Others | 18,064,407 | 1.70% | |
| Total Issued and Outstanding | 1,078,971,014 | ||
| Treasury Shares ( per SEC 11-C) | 16,447,340 | 1.55% | |
| Total Issued and Outstanding* | 1,062,523,674 | 100.00% | |
| *(net of Treasury Shares) |
Ownership Structure
As of November 30, 2014
| Number of Issued and Outstanding Shares | 1,083,149,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,702,190 |
|---|
| Number of Foreign-Owned Shares | 323,231,891 |
| Foreign Ownership Level (%) | 30.30 % |
|---|
Top 20 Shareholders
As of November 30, 2014
| Stockholder Name | Total Direct &Indirect Shares | Percentage of Ownership | |
|---|---|---|---|
| 1 | PCD Nominee Corporation (Non-Filipino) | 322,096,553 | 30.20% |
| 2 | Hyper Dynamic Corporation | 273,218,750 | 25.61% |
| 3 | Honeysea Corporation | 127,743,747 | 11.98% |
| 4 | PCD Nominee Corporation (Filipino) | 78,373,037 | 7.35% |
| 5 | Winall Holding Corporation | 54,140,736 | 5.08% |
| 6 | Honeyworth Corporation | 39,880,713 | 3.74% |
| 7 | Kingsworth Corporation | 29,168,935 | 2.73% |
| 8 | Centregold Corporation | 27,430,964 | 2.57% |
| 9 | Gemma Tanbuntiong | 21,910,601 | 2.05% |
| 10 | Venice Corporation | 17,423,735 | 1.63% |
| 11 | A-Star Holding Corporation | 16,920,393 | 1.59% |
| 12 | Azucena T. King | 10,491,199 | 0.98% |
| 13 | Tony Tan Caktiong | 8,994,565 | 0.84% |
| 14 | William Tan Untiong | 7,293,055 | 0.68% |
| 15 | Longshore Corporation | 5,260,184 | 0.49% |
| 16 | Ernesto Tanmantiong | 5,200,970 | 0.49% |
| 17 | Paul Rosenberg | 1,000,460 | 0.09% |
| 18 | Susana Tanmantiong | 782,857 | 0.07% |
| 19 | Masancay, Anastacia | 746,000 | 0.07% |
| 20 | Baysa, Ysmael | 511,667 | 0.05% |
| Total | 1,048,589,121 | 98.30% | |
| Others | 18,113,069 | 1.70% | |
| Total Issued and Outstanding | 1,083,149,530 | ||
| Treasury Shares (per SEC 11-C) | 16,447,340 | 1.55% | |
| Total Issued and Outstanding* | 1,066,702,190 | 100.00% | |
| *(net of Treasury Shares) |
Articles of Incorporation
Manual on Corporate Governance
The Board of Directors, Management and employees of Jollibee Foods Corporation commit themselves to the principles and best practices contained in its Manual on Corporate Governance and acknowledge that the same may guide the attainment of the Company’s values, mission and vision.
New Manual on Corporate Governance May 2017
Code of Business Ethics and Business Conduct
The Company’s Code of Ethics and Business Conduct is rooted in its strong core values of honesty, integrity, trust and excellence. The Company endeavours to maintain the highest standards of business ethics as well as full compliance with all relevant laws, rules and regulations. As such, it ensures that a system is in place which will enable all stakeholders: employees, vendors, franchisees, suppliers and other external stakeholders, to submit reports, complaints, or any other information regarding any fraudulent, illicit or unethical activity in an anonymous and confidential manner, without fear of reprisal.
The Company observes honesty and integrity in its dealings with all of its stakeholders: government, customers, business partners, employees and the general public. The Company conducts its business and performs its duties with uncompromising integrity and professionalism. The Company considers its franchisees, lessors, suppliers, service providers and other outside parties as its valued partners in the Company’s growth. The Company equally treats all its customers with respect and courtesy.
The Company’s Code of Business Ethics and Code of Discipline have been disseminated to all directors, senior management and employees and all levels in the Company are responsible for and required to administer the Code of Business Ethics, including investigating alleged violations and determining corrective actions.
Annual Corporate Governance Report
Integrated Annual Corporate Governance Report for the year ended December 31, 2017 – May 29, 2018
Consolidated Changes and Updates in the ACGR for 2016 as of March 27, 2017
Consolidated Changes and Updates as of April 13, 2016
Consolidated Changes and Updates as of January 8, 2016
Consolidated Changes and Updates as of August 26, 2015
Consolidated Changes and Updates in the ACGR for 2014
Board Committees, Committee Members and Committee Charters
Executive Committee – The Board of Directors constituted the Executive Committee for purposes of delegating to it such powers and functions as the Board may exercise, subject to limitations under applicable laws.
- Tony Tan Caktiong
- Ernesto Tanmantiong
- William Tan Untiong
- Joseph C. Tanbuntiong
- Ret. Chief Justice Artemio Panganiban
Nomination Committee – The Board of Directors constituted the Nomination Committee for purposes of installing and institutionalizing a process to pre-screen and shortlist all candidates nominated to become a member of the Board of Directors in accordance with the qualifications and/or disqualifications as described in the Company’s Corporate Governance Manual, By-Laws, and all applicable laws.
- Ret. Chief Justice Artemio Panganiban (Head)
- Tony Tan Caktiong
- Ernesto Tanmantiong
- William Tan Untiong
- Monico V. Jacob
Compensation Committee – The Board of Directors constituted the Compensation Committee for purposes of establishing a formal and transparent procedure for developing a policy on executive remuneration and ensuring that compensation and benefit programs of corporate officers, directors, senior management and other key personnel are consistent with the Company’s culture, strategy and control environment.
- Tony Tan Caktiong (Head)
- Ret. Chief Justice Artemio Panganiban
- Joseph C. Tanbuntiong
- Ang Cho Sit
- Cezar P. Consing
Audit Committee – The Board of Directors constituted the Audit Committee for purposes of providing oversight on the integrity of financial reporting process, internal controls, the audit process, and the Company’s process of monitoring compliance with laws and regulations.
- Monico V. Jacob (Head)
- Cezar P. Consing
- Antonio Chua Poe Eng
- William Tan Untiong
Corporate Governance Committee -The Board of Directors constituted the Corporate Governance Committee for purposes of overseeing the implementation, including periodic review, of the corporate governance framework of the Company to ensure that it remains appropriate in light of material changes to the Company’s size, complexity and business strategy, as well as its business and regulatory environments.
- Cezar P. Consing(Chairman)
- Monico V. Jacob
- Tony Tan Caktiong
Continuing Education of the Board of Directors and Key Officers
The Company upholds the continuous education, training and development of its directors and officers. In compliance with SEC Memorandum Circular No. 2, series of 2015, as amended by SEC Memorandum Circular No. 19, series 0f 2016, all key officers and directors of the Company shall attend a minimum of four (4) hours of corporate governance training every year conducted by training providers that are duly accredited by the Securities and Exchange Commission.
2017
2016
- October 12, 2016
- August 15, 2016
- February 24, 2016 – SEC Letter re: Exemption Of Mr. Washington Sycip
2015
- November 16, 2015
- September 14, 2015
- August 3, 2015 – SEC Letter re: Exemption Of Mr. Washington Sycip
2014
Corporate Social Responsibility
Sharing Joy to the Communities We Serve
Going Beyond Customer Service
Jollibee Foods Corporation (JFC) is no stranger to great service. In fact, it’s an operations cornerstone instilled in every employee and manager. But these days, it’s a new kind of service that has the Company abuzz.
It’s called public service—service that goes beyond the Company’s interests and wholly focused on making a measurable difference in the lives of Filipinos. Over the past years, JFC has been involved in numerous social projects such as feeding malnourished children in partnership with Kabisig ng Kalahi; getting children to read and love books with Sa Aklat Sisikat; promoting values to children and the youth with DepEd; and sharing blessings through the annual Christmas toy and book drive, Maaga ang Pasko.
Going Beyond Giving
Although JFC’s commitment to corporate social responsibility was boosted by their involvement in these projects, Chairman of the Board Mr. Tony Tan Caktiong and the rest of the JFC leadership knew that to do lasting good, they had to organize their giving and make it more strategic. A paradigm shift took place: corporate giving had now evolved into social partnership.
“Other than our food offerings, we are also committed to excellent service in the communities where we operate. We have harnessed the Company’s strengths and values and applied it in crafting and sustaining innovative programs that contribute to the socio-economic growth of the country,” Tan Caktiong explained.
The Jollibee Group Foundation was established in December 2004 with a mission to invest in people and help them succeed—in the way Jollibee knows how. This meant taking the values, the system, the tools, and the years of experience that made Jollibee what it is today and sharing it with the people they most ascribe their very successes to: the everyday Filipino.
Going Beyond Success
The Foundation’s challenge was to take all the elements that has contributed to the Company’s success and apply it to the communities and social enterprises that can benefit from it. Over the years, it has actively led nation-building efforts such as the Farmer Entrepreneurship Program (FEP), Busog, Lusog, Talino School Feeding Program (BLT), Project ACE Scholarships, and FoodAID.
As a result, and with the help of various partners, thousands of people and families across the country have come to benefit from JGF’s programs – from smallholder farmers through FEP, to undernourished schoolchildren through BLT, and underprivileged youth through Project ACE.
Join us in sharing joy to our communities. To know more about JFC’s corporate social responsibility activities, visit the Jollibee Group Foundation website.
Risk Management
Enterprise Risk Management
The Company and its subsidiaries, in global growth and expansion, require a comprehensive approach to corporate risk management that promotes extensive strategic thinking and analysis, while fundamentally integrating and maintaining highest ethical standards in the Company’s core values and beliefs. Risk management will provide the organization with the superior capabilities to identify, assess and manage the risks and enable the organization and its employees, at all levels, to better understand and manage risks.
The Company and its subsidiaries are all in the quick-service restaurant sector. Quick-service restaurants like those maintained by the Company are expected to maintain high quality in terms of food, service and cleanliness (“FSC”). The Company responds by observing stringent guidelines, processes and procedures in its FSC, and conducting regular and spot audits to ensure that FSC standards are maintained not only in stores but also in commissaries. The Company has likewise instituted a system of incentives to reward excellent performance in terms of FSC by stores.
The Company’s directors and management periodically review the effectiveness of the Company’s risk management system.
Financial Risk Management
The Company’s principal financial instruments comprise cash and cash equivalents and receivables. The main purpose of these financial instruments is to obtain financing for its operations. The Company has other financial assets and liabilities such as other noncurrent assets and trade payables and other current liabilities which arise directly from its operations.
The main risks arising from these financial instruments are credit risk and liquidity risk. The Company does not engage in any long-term debt and foreign currency-denominated transactions that may cause exposure to interest rate risk and foreign currency risk, respectively. The policies for managing each of these risks are summarized as follows:
Equity Price Risk
The Company is not exposed to significant equity price risk on its investment in quoted equity securities consisting of investment in club shares and shares of public utility companies.
Interest Rate Risk
Interest rate risk arises from the possibility that the fair value or future cash flows of financial instruments will fluctuate because of changes in market interest rates.
The Company’s interest rate exposure management policy centers on reducing the Company’s overall interest expense and exposure to changes in the interest rates.
To manage the interest rate risk related to the Company’s long-term debt, the Company uses a derivative instrument to fix the interest rate over the term of the debt.
There is minimal exposure on the other sources of Company’s interest rate risk. These other sources are from its cash in bank, short-term deposits, refundable deposits and employees’ car plan receivables.
Foreign Currency Risk
The Company’s exposure to foreign currency risk arises from the Parent Company’s investments outside the Philippines, which are mainly in People’s Republic of China and United States of America. While the foreign businesses have been rapidly growing, the net assets of foreign businesses account for only 10.84% and 15.57% of the consolidated net assets of the Company as at December 31, 2013 and 2012, respectively. Therefore, the total exposure to foreign exchange risk of the Company is still not significant.
The Company also has transactional foreign currency exposures. Such exposure arises from its Philippine operations’cash and cash equivalents, receivables and long-term debt in foreign currencies.
Credit Risk
Credit risk is the risk that a customer or counterparty fails to fulfill its contractual obligations to the Company. This includes risk of non-payment by borrowers and issuers, failed settlement of transactions and default on outstanding contracts.
The Company has a strict credit policy. Its credit transactions are with franchisees that have gone through rigorous screening before granting them the franchise. The credit terms are very short, while deposits and advance payments are also required before rendering the service or delivering the goods, thus, mitigating the possibility of non-collection. In cases of non-collection, defaults of the debtors are not tolerated; the exposure is contained the moment a default occurs and transactions that will increase the Company’s exposure are not permitted.
The Company has no significant concentration of credit risk with counterparty. Its franchisee profile is such that no single franchisee accounts for more than 5% of its total system wide sales.
Liquidity Risk
The Company’s exposure to liquidity risk refers to the risk that its financial liabilities are not serviced in a timely manner and that its working capital requirements and planned capital expenditures are not met. To manage this exposure and to ensure sufficient liquidity levels, the Company closely monitors its cash flows.
On a weekly basis, the Company’s Cash and Banking Team monitors its collections, expenditures and any excess/deficiency in the working capital requirements, by preparing cash position reports that present actual and projected cash flows for the subsequent week. Cash outflows resulting from major expenditures are planned so that money market placements are available in time with the planned major expenditure. In addition, the Company has short-term cash deposits and has available credit lines with accredited banking institutions, in case there is a sudden deficiency. The Company maintains a level of cash and cash equivalents deemed sufficient to finance the operations.
Capital Management
Capital includes equity attributable to equity holders of the Parent Company.
The primary objective of the Company’s capital management is to ensure that it maintains a strong credit rating and healthy capital ratios in order to support its business and maximize shareholder value. The Company has sufficient capitalization.
The Company generates cash flows from operations sufficient to finance its organic growth. It declares cash dividends representing about one-third of its consolidated net income, a ratio that would still leave some additional cash for future acquisitions. If needed, the Company would borrow money for acquisitions of new businesses.
Company’s Policies
The Company implements and upholds the following policies:
Conflict of Interest Policy
In business dealings with outside parties, the Company takes steps toward ensuring that it is not subject to any actual or apparent conflict of interest. Dealings with suppliers and service providers are observed in an impartial manner, without favour or preference, other than the best interest of the Company.
Absence of conflict of interest is among the qualifications considered by the Nomination Committee to determine the final list of candidates for directorships in the Board of Directors. The Company also has internal policies on conflict of interest which apply to senior management and to all employees.
Related Party Transactions Policy
No business is transacted for the Company with any related party except where such dealings have been fully disclosed to the Company and specific written approval has been obtained from the pertinent division.
Insider Trading Policy
The Company observes the statutory rules and regulations pertaining to prohibition against insider trading. The Company submits the required reports to the regulatory agencies within three (3) business days from date of purchase or sale of Company’s shares by its directors or officers. Trading in the Company’s shares is prohibited two (2) trading days from submission of the Company’s disclosures. In practice, the trading prohibition is observed after the Board meeting approving the matter or after the disclosure (whichever is earlier).
Employee-Related Welfare and Benefits Policy
In addition to statutorily required benefits, employees are provided with healthcare benefits. The Company requires its employees to undergo internal training and encourages external training as and when related to an employee’s functions. Employees are provided with all benefits required under the law.
Whistle-blowing Policy
The Company endeavours to maintain the highest standards of business ethics, as well as full compliance with all relevant laws, rules and regulations. As such, it ensures that a system is in place which will enable all stakeholders to submit reports, complaints or any other information regarding any fraudulent, illicit or unethical activity in an anonymous and confidential manner, without fear of reprisal.
Dividend Policy
The Company declares dividends on a semi-annual basis and upon approval by the Board of Directors. The Jollibee Group has a cash dividend policy of declaring one-third of the Jollibee Group’s net income for the year as cash dividends. It uses best estimate of its net income as basis for declaring cash dividends.
SEC Form 17-A (Annual Report)
SEC Form 17-Q (Quarterly Report)
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
SEC Form 17-C (Current Report)
-
2018
- September 7, 2018 – JFC Partners with Award-Winning Chef to Build Mexican Restaurant Business in U.S.
- August 14, 2018 – Financial results for the Second Quarter ended June 30, 2018
- July 5, 2018 – Results of the 2018 Annual Stockholders Meeting and Organizational Meeting of the Board of Directors
- May 9, 2018 – Financial results for the First Quarter ended March 31, 2018
- May 8, 2018 – JFC to Invest in Buyer of Tim Ho Wan Master Franchise Holder for Asia Pacific
- April 25, 2018 – JFC to Bring Pho24 to the Philippines
- April 17, 2018 – 2015 ELTIP Cycle 4
- April 17, 2018 – JFC Completes Acquisition of Additional 45percent Share in Smashburger
- April 11, 2018 – Press Release for 2017 Audited Financial Results for the year ended December 31, 2017
- April 6, 2018 – Cash Dividend Declaration
- February 13, 2018 – Financial results for the quarter and year ended December 31, 2017
- February 13, 2018 – JFC to increase ownership of Smashburger to 85%
- 2017
- December 5, 2017 – Jollibee and Cargill Inaugurate Largest Poultry Processing Plant in The Philippines
- November 10, 2017 – Cash Dividend Declaration
- November 10, 2017 – Financial Results for the Third Quarter of 2017
- November 2, 2017 – JFC Joint Venture Discontinues 12 Hotpot Operations to Focus on Larger Businesses in China
- August 14, 2017 – Foreign Business Boosts JFC’s Sales and Profit Growth
- June 30, 2017 – Election of Directors and Officers for year 2017 Appointment of Committee Members
- May 12, 2017 – JFC’s Foreign Business Accelerates, Profit Rises by 10%
- May 11, 2017 – Jollibee, Partner Move Closer to Vietnam IPO
- April 5, 2017 – Cash Dividend Declaration
- April 5, 2017 – JFC Reports 2016 Audited Financial
- March 31, 2017 – Jollibee to enter Italy
- March 14, 2017 -JFC Increases First Purchase Option in Smashburger from 35% to 45%
- February 14, 2017 – Financial Results for the Quarter and Year Ended December 31, 2016
- November 10, 2017 – Cash Dividend Declaration
- December 5, 2017 – Jollibee and Cargill Inaugurate Largest Poultry Processing Plant in The Philippines
- 2016
- December 30, 2016 – JFC Completes Divestment of its Shareholdings in Subsidiary in China
- December 23, 2016 – JFC Completes Divestment of its Shareholdings in Subsidiary in US
- December 23, 2016 – Press Release for Completion of Divestment in ChowFun
- December 15, 2016 – JFC to Divest Shareholdings in Subsidiary to Focus on Larger Businesses in US
- December 12, 2016 – JFC to Divest Shareholdings in Subsidiary to Focus on Larger Businesses in China
- November 23 2016 – JFC Acquires Remaining 30% in Food Manufacturing in China
- November 18 2016 – Jollibee Partner to List Highlands Coffee in Vietnam Stock Exchange
- November 16, 2016 – Financial Results for the Third Quarter of 2016
- November 15, 2016 – Financial Results for the Third Quarter and Nine Months ended September 30, 2016
- November 11, 2016 – Cash Dividend Declaration
- August 9, 2016 – Financial Results for the Second Quarter and First Semester ended June 30, 2016
- July 22, 2016 – Election of Directors and Officers for Year 2016; Appointment of Committee Members
- May 24 2016 – On Nature of Business of Jollibee Foods Corporation and Cargill Philippines Inc.
- May 24, 2016 – JFC and Cargill to Build Poultry Processing Facility
- May 13, 2016 – Financial Results for the First Quarter ended March 31, 2016
- May 12, 2016 – Advisement Letter on Postponement of Annual Stockholders’ Meeting 2016
- April 22, 2016 – JFC Acquires Remaining 30% in Mang Inasal Philippines Inc.
- April 11, 2016 – Audited Financial Results for the Year Ended December 31, 2015
- April 6, 2016 – Dividend Declaration
- February 23, 2016 – JFC to Acquire Remaining 30% in Food Manufacturing in China
- February 9, 2016 – Financial Results for the Quarter ended December 31, 2015
- January 13, 2016 – JFC Discloses Final Purchase Price for “Smashburger” Acquisition
- 2015
- November 25, 2015 – Amended Stock Option Plan Rules
- November 23, 2015 – Results of Special Stockholders’ Meeting
- November 9, 2015 – Dividend Declaration
- November 9, 2015 – Financial Results for the Quarter ended September 30, 2015
- October 27, 2015 – JFC Completes Strategic Investment in US-Based “Smashburger”
- October 13, 2015 – JFC to Make Strategic Investment in US-Based “Smashburger”
- October 2, 2015 – Date of Special Stockholders’ Meeting and Record Date
- September 16, 2015 – Response letter to PSE
- August 26, 2015 – Signing of Agreement
- August 7, 2015 – Financial Results for the Quarter ended June 30, 2015
- July 6, 2015 – Amended Stock Option Plan Rules
- June 26, 2015 – Election of Directors and Officers for Year 2015; Appointment of Committee Members
- May 13, 2015 – Date of Annual Stockholders’ Meeting and Record Date
- May 13, 2015 – Financial Results for the Quarter ended March 31, 2015
- April 7, 2015 – Dividend Declaration
- April 7, 2015 – Audited Financial Results for the Year Ended December 31, 2014
- February 23, 2015 – Financial Results for the Quarter and Year Ended December 31, 2014
- January 5, 2015 – Signing of Master Franchise Agreement
- 2014
- December 19, 2014 – JFC and RRJ to Acquire Territorial Rights to Expand and Operate the Dunkin’ Donuts Brand in China
- August 13, 2014 – Financial Results for the Quarter Ended June 30, 2014
- July 24, 2014 – Amended Manual on Corporate Governance
- July 24, 2014 – Amended Senior Management Stock Option and Incentive Plan
- June 27, 2014 – Results of Annual Stockholders’ Meeting and Organizational Meeting of the Board of Directors
- February 14, 2014 -Results for the Quarter and Year Ended December 31, 2013
- 2013
- 2012
- 2011
- 2010
- 2009
SEC Form 20-IS (Information Statement)
- Definitive-Information-Statement – May 28, 2017
- Definitive-Information-Statement – May 15, 2017
- Definitive-Information-Statement – June 21, 2016
- 2015 Definitive Information Statement – Special Stockholders’ Meeting
- 2015 Definitive Information Statement – Annual Stockholders’ Meeting
- 2014 Definitive Information Statement
- 2013 Definitive Information Statement
- 2012 Definitive Information Statement
- 2011 Definitive Information Statement
- 2010 Definitive Information Statement
- 2009 Definitive Information Statement
SEC Form 23-A/B (Statement of Beneficial Ownership)
- 2018
- July 11, 2018
- July 6, 2018
- July 3, 2018
- June 26, 2018
- May 21, 2018
- May 3, 2018
- April 26, 2018
- April 5, 2018
- April 2, 2018
- March 28, 2018
- March 15, 2018
- March 6, 2018
- March 2, 2018
- March 1, 2018
- February 28, 2018
- February 6, 2018
- February 5, 2018
- February 2, 2018
- January 25, 2018
- January 23, 2018
- January 19, 2018
- January 18, 2018
- January 17, 2018
- January 5, 2018
- 2017
- December 24, 2017
- December 1, 2017
- December 1, 2017
- November 29, 2017
- November 28, 2017
- November 23, 2107 – DZG
- November 23, 2107 – WTU
- November 2, 2017
- October 10-B, 2017
- October 04-B, 2017
- September 27, 2017
- September 22, 2017
- September 20, 2017
- September 18, 2017
- September 11, 2017
- July 19, 2017
- June 23, 2017
- June 9, 2017
- May 26, 2017
- May 24, 2017
- May 2, 2017
- April 26, 2017
- April 17, 2017
- April 10, 2017
- April 7, 2017
- March 21 – B, 2017
- March 21 – A, 2017
- January 23, 2017
- January 3, 2017
- 2016
- 2015
- March 11, 2016
- March 3, 2016
- January 6, 2016
- October 21, 2015
- September 30, 2015
- September 22, 2015
- August 25, 2015
- August 24, 2015
- July 08, 2015
- June 19, 2015
- June 15, 2015
- June 03, 2015
- May 25, 2015
- May 22, 2015
- April 30, 2015
- April 28, 2015
- April 27, 2015
- April 21, 2015
- April 20, 2015
- February 26, 2015
- February 3, 2015
- January 30, 2015
- January 20, 2015 (file 2)
- January 20, 2015 (file 1)
- January 5, 2015
- 2014
- December 29, 2014
- December 19, 2014
- December 16, 2014
- November 28, 2014
- September 10, 2014
- September 8, 2014 (file 2)
- September 8, 2014 (file 1)
- September 1, 2014
- August 22, 2014
- August 29, 2014
- July 8, 2014
- June 30, 2014
- June 24, 2014
- June 19, 2014
- June 16, 2014
- June 10, 2014 (file 2)
- June 10, 2014 (file 1)
- 2013
- October 29, 2013 (file 2)
- October 29, 2013 (file 1)
- October 23, 2013 (file 3)
- October 23, 2013 (file 2)
- October 23, 2013 (file 1)
- October 8, 2013 (file 2)
- October 18, 2013 (file 2)
- October 18, 2013 (file 1)
- October 8, 2013 (file 1)
- October 2, 2013
- September 26, 2013 (file 1)
- September 24, 2013 (file 2)
- September 24, 2013 (file 1)
- September 23, 2013 (file 2)
- September 23, 2013 (file 1)
- September 17, 2013 (file 2)
- September 17, 2013 (file 1)
- September 12, 2013 (file 2)
- September 12, 2013 (file 1)
- July 29, 2013 (file 2)
- July 29, 2013 (file 1)
- March 1, 2013
- 2012
- 2011
- 2010
- 2009
General Information Sheet
- 2018 General information Sheet – July 26, 2018
- 2017 General information Sheet – July 25, 2017
- 2016 Amended General Information Sheet
- 2016 General Information Sheet
- 2015 Amended General Information Sheet – December 11, 2015
- 2015 Amended General Information Sheet- November 26, 2015
- 2015 General Information Sheet
- 2014 General Information Sheet
- 2014 Amended General Information Sheet
- 2013 General Information Sheet
- 2012 General Information Sheet
- 2011 General Information Sheet
- 2010 General Information Sheet
- 2010 Amended General Information Sheet
- 2009 General Information Sheet
Annual Report – Glossy
2016 – #Share the Joy
In this digital age, social media has become a part of our everyday lives as we constantly connect with people and share experiences online. In this year’s annual report, we showcase the excitement and delight that our products bring our customers, moving them to share their joy online. Just as social media has found its way into our lives, Jollibee Foods Corporation products have, likewise, found their part in our customers’ everyday happiness.
2012 – Branding great taste.How do you brand great taste?A brand is like a person. It is truly unique. Its name clearly reminds of some things; to consumers – its benefits, its promise of high quality. Branding is about creating that identity. At Jollibee Foods Corporation, we create and serve great tasting food. Always, the food taste must be worthy of the brand name. Through concise and catchy taglines, we communicate to consumers the brands’ promise of high quality.
2011 – Drive to a greater future.Jollibe Foods Corporation (JFC) continues to create lasting and memorable moments with family and friends as it shares the joy of eating locally and around the world. With its store network exponentially growing in numbers, JFC has set its sights on bigger dreams for future expansions. JFC seizes the dream of putting up each brand in interesting key locations across the globe, to delight the diverse palates of the international market. Visualizing these aspirations with artistic renderings, JFC shares its imagination and bold dreams towards its Drive to A Greater Future.
2010 – Spreading the joy of eating to everyone.Sharing a meal is more than just dining on delicious food. It is about spending time with family, friends, and colleagues. Jollibee Foods Corporation (JFC) understands this and strives to make each dining moment a delightful experience. With its diverse variety of brands and food choices, JFC reaches a broad range of customers from different walks of life all over the word – truly spreading the joy of eating to everyone.
2009 – The Place is a BrandWhat makes a brand? More than just a name and a logo, a brand has character. It can be formal or playful, aged or young, traditional or modern, elaborate or simple. A good brand does not just deliver its benefits. It does so with distinctive style! The brands of Jollibee Foods Corporation serve great tasting, great value food. They provide dining experience in a place designed to delight in a way that is consistent with the brands’ character. In this annual report, we feature our restaurants showing the different personalities of our brands.
2008 – Growing by Adapting the Flavors of the WorldTHE WORLD IS GLOBAL, BUT ITS TASTES ARE LOCAL. People adapt foreign foods but change them to their tastes. This is natural. Taste preference along with those of aroma, texture, and presentation evolved over hundreds of years, influenced mainly by the kinds of plant and animal food that grow in their geography. Local preferences are hard to change.This presents challenges and opportunities for those serving food in many countries. They should understand and satisfy the local tastes. If they do, they would have new markets. Their array of cuisines and flavors would also expand, giving them even more chances to serve a wider variety of food to other peoples in other places. For Jollibee Foods Corporation, this is one of the meanings of “growth”.
Notice of all Annual or Special Stockholders’ Meetings
Minutes of all Annual or Special Stockholders’ Meetings
Annual Reports
2016 – #Share the Joy
In this digital age, social media has become a part of our everyday lives as we constantly connect with people and share experiences online. In this year’s annual report, we showcase the excitement and delight that our products bring our customers, moving them to share their joy online. Just as social media has found its way into our lives, Jollibee Foods Corporation products have, likewise, found their part in our customers’ everyday happiness.
2015 – Forever Favorites!
Fastfood and casual dining has grown popular with the masses, quickly becoming an indispensable part of our urban environment. Likewise, in our society greatly influenced by popular culture, pop art has received interest with its fun and vibrant manifestations of our curiosities and activities; making it a perfect fit in presenting our accomplishments across brands and products.
2014 – Serving the best!
This annual report showcases the flagship products of each of our brands. These are the products that our customers buy most, remember most and come back most for!
2013 – Serving You with Joy!
This annual report to our shareholders features how the people in our restaurants serve our customers with passion and excellence. This is how they bring to life the Company’s mission of “spreading the joy of eating to everyone”!
2012 – Branding Great Taste
A brand is like a person. It is truly unique. Its name clearly reminds of some things; to consumers – its benefits, its promise of high quality. Branding is about creating that identity. At Jollibee Foods Corporation, we create and serve great tasting food. Always, the food taste must be worthy of the brand name. Through concise and catchy taglines, we communicate to consumers the brands’ promise of high quality.
2011 – Drive to a Greater Future
Jollibe Foods Corporation (JFC) continues to create lasting and memorable moments with family and friends as it shares the joy of eating locally and around the world. With its store network exponentially growing in numbers, JFC has set its sights on bigger dreams for future expansions. JFC seizes the dream of putting up each brand in interesting key locations across the globe, to delight the diverse palates of the international market. Visualizing these aspirations with artistic renderings, JFC shares its imagination and bold dreams towards its Drive to A Greater Future.
2010 – Spreading the Joy of Eating to Everyone
Sharing a meal is more than just dining on delicious food. It is about spending time with family, friends, and colleagues. Jollibee Foods Corporation (JFC) understands this and strives to make each dining moment a delightful experience. With its diverse variety of brands and food choices, JFC reaches a broad range of customers from different walks of life all over the word – truly spreading the joy of eating to everyone.
2009 – Designed to Delight
What makes a brand? More than just a name and a logo, a brand has character. It can be formal or playful, aged or young, traditional or modern, elaborate or simple. A good brand does not just deliver its benefits. It does so with distinctive style! The brands of Jollibee Foods Corporation serve great tasting, great value food. They provide dining experience in a place designed to delight in a way that is consistent with the brands’ character. In this annual report, we feature our restaurants showing the different personalities of our brands.
2008 – Growing by Adapting the Flavors of the World
THE WORLD IS GLOBAL, BUT ITS TASTES ARE LOCAL. People adapt foreign foods but change them to their tastes. This is natural. Taste preference along with those of aroma, texture, and presentation evolved over hundreds of years, influenced mainly by the kinds of plant and animal food that grow in their geography. Local preferences are hard to change.
This presents challenges and opportunities for those serving food in many countries. They should understand and satisfy the local tastes. If they do, they would have new markets. Their array of cuisines and flavors would also expand, giving them even more chances to serve a wider variety of food to other peoples in other places. For Jollibee Foods Corporation, this is one of the meanings of “growth”.
2007 – 30 Years Enhancing Celebrations
JOLLIBEE BEGAN WITH TWO ICE CREAM PARLORS in Manila in 1975. It became a formal business enterprise on January 11, 1978 with the establishment of Jollibe Foods Corporation. Since then, JFC had grown to become the largest food service company in the Philippines and one of Asia’s most promising food service enterprises.
Today, JFC operates more than 1,600 stores in the Philippines and 9 other countries with 8 brands: Jollibee, Chowking, Greenwich, Red Ribbon, Yonghe King, Delifrance, Chun Shui Tang and it’s latest addition Manong Pepe.
Even in its earliest years, Jollibee brand was not just about convenience and affordability in eating out. It has always been about great tasting food in a fun and wholesome place. It has a great place for celebrations
These qualities have become parts of the character of all brands in the Jollibee Group.
In 2008, Jollibee Foods Corporation is celebrating its 30th year of official existence. More meaningfully for its employees’ they are celebrating 30 years of doing a fine job og enhancing customer celebrations!
In this annual report, Jollibee Foods Corporation features customer celebrations patronizing our products in and outside of our stores.
2006 – Building Leader Brands: The Art of Marketing
When people look at our logos, what quickly comes to their minds? Most likely, images of Jollibees Chickenjoy and Yumburger, Chowking’s Chinese noodles, Greenwichs pizzas and pastas, Delifrance’s freshly-baked breads, Red Ribbon’s cakes and pastries, Yonghe Kings soy milk and dough sticks, and Chun Shui Tangs tea drinks. But logos aren’t simply about products. Logos, and the brands they represent remind people of the brands’ promises. Like a distinctive flavor, texture, juiciness and aroma of familiar food products; the liveliness, colorfulness, cleanliness and atmosphere of fun and customer delight in the dining place; the ready smile, warmth and courtesy of the store crew.
As a profound definition, a brand is a promise to a certain delightful experience. For this 2006 Annual Report, we take a closer look into the leader brands that make up the Jollibee Group. We invite our readers to take this journey with us, how we communicate the brands’ promise through effective marketing; and how we ensure that the brands’ promise is delivered always, and even betterthrough constant innovation and improvement in products, service and store design. This is our art of marketing. It helps explain why the Jollibee Group has become a group of leader brands. It gives more insight into why our brands keep on achieving superior performance in the market place.
2005 – Ordinary People with Extraordinary Achievements
Passionate dancers, a violinist, a nature lover, a church lector, an aspiring artist, a cyclist an extreme climber, a baseball player, an NGO volunteer, a rising star and a photography enthusiast. They are people in Jollibee Foods Corporation. They live theirs fully with their varied interests. But they are also ordinary people who enjoy the simplicities of life. The people of Jollibee Group are ordinary people. What makes them stand out are their characters and the values they apply in daily life.
2004 – Inside our Great Tasting Food
Everyday, 1.7 million people enjoy our great tasting food in our happy and fun restaurants. When they stand before the counter, they already know more or less what they want: the crispy Chicken Joy in our Jollibee store, the rich flavored Halo-Halo dessert in Chowking, the Primo Pizza in Greenwich, the French Baguette in Delifrance, or the Deep Fried Dough Stick in Yonghe King. They want to repeat the delightful dining experience they have whenever they come to our restaurants.
2003 – Our Youthful Optimism for the Future
On cover is 17-year old Miss Astrid Isidoro, a first-year college student in St. Paul University System in Quezon City, taking up Business Management.Like so many other people of various ages, she enjoys dining in restaurants run by Jollibee Group of Companies. Astrid represents the young population of the Philippines… and of Asia.
Financial Highlights
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
Total Outstanding Shares
Ownership Structure
As of June 30, 2018
| Number of Issued and Outstanding Shares | 1,103,382,871 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,086,935,53 |
|---|
Ownership Structure
As of March 31, 2018
| Number of Issued and Outstanding Shares | 1,103,061,807 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,086,614,467 |
|---|
Ownership Structure
As of March 31,
| Number of Issued and Outstanding Shares | 1,083,241,280 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,793,940 |
|---|
Ownership Structure
As of March 31, 2015
| Number of Issued and Outstanding Shares | 1,083,241,280 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,793,940 |
|---|
| Number of Foreign-Owned Shares | 308,477,173 |
| Foreign Ownership Level (%) | style=”text-align: right;”>28.92 % |
|---|
Ownership Structure
As of March 31, 2014
| Number of Issued and Outstanding Shares | 1,083,241,280 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,793,940 |
|---|
| Number of Foreign-Owned Shares | 308,477,173 |
| Foreign Ownership Level (%) | 28.92 % |
|---|
Ownership Structure
As of October 31, 2014…
| Number of Issued and Outstanding Shares | 1,078,971,014 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,062,523,674 |
|---|
| Number of Foreign-Owned Shares | 319,831,501 |
| Foreign Ownership Level (%) | 30.10 % |
|---|
Ownership Structure
As of November 30, 2014
| Number of Issued and Outstanding Shares | 1,083,149,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,702,190 |
|---|
| Number of Foreign-Owned Shares | 323,231,891 |
| Foreign Ownership Level (%) | 30.30 % |
|---|
Total Outstanding Shares
Ownership Structure
As of June 30, 2018
| Number of Issued and Outstanding Shares | 1,103,382,871 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,086,935,531 |
|---|---|
| Number of Foreign-Owned Shares | 304,301,275 |
| Foreign Ownership Level (%) | 28.00 % |
Ownership Structure
As of March 31, 2018
| Number of Issued and Outstanding Shares | 1,103,061,807 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,086,614,467 |
|---|---|
| Number of Foreign-Owned Shares | 308,751,789 |
| Foreign Ownership Level (%) | 28.41 % |
Ownership Structure
As of December 31, 2016
| Number of Issued and Outstanding Shares | 1,091,530,882 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,075,083,542 |
|---|---|
| Number of Foreign-Owned Shares | 292,185,637 |
| Foreign Ownership Level (%) | 27.18 % |
Ownership Structure
As of September 30, 2016
| Number of Issued and Outstanding Shares | 1,091,462,631 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,075,015,291 |
|---|---|
| Number of Foreign-Owned Shares | 302,477,655 |
| Foreign Ownership Level (%) | 28.14 % |
Ownership Structure
As of June 30, 2016
| Number of Issued and Outstanding Shares | 1,089,138,391 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,072,691,051 |
|---|---|
| Number of Foreign-Owned Shares | 309,521,992 |
| Foreign Ownership Level (%) | 28.85 % |
Ownership Structure
As of March 31, 2016
| Number of Issued and Outstanding Shares | 1,087,954,011 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,071,506,671 |
|---|---|
| Number of Foreign-Owned Shares | 313,987,095 |
| Foreign Ownership Level (%) | 29.30% |
Ownership Structure
As of February 29, 2016
| Number of Issued and Outstanding Shares | 1,086,142,394 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,702,937 |
|---|---|
| Number of Foreign-Owned Shares | 309,305,617 |
| Number of Foreign-Owned Shares | 28.92% |
Ownership Structure
As of January 31, 2016
| Number of Issued and Outstanding Shares | 1,086,142,394 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,695,054 |
|---|
| Number of Foreign-Owned Shares | 305,450,304 |
| Foreign Ownership Level (%) | 28.55 % |
|---|
As of December 31, 2015
| Number of Issued and Outstanding Shares | 1,086,116,895 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,669,555 |
|---|
| Number of Foreign-Owned Shares | 306,810,170 |
| Foreign Ownership Level (%) | 28.68 % |
|---|
Ownership Structure
As of October 31, 2015
| Number of Issued and Outstanding Shares | 1,086,090,161 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,642,821 |
|---|
| Number of Foreign-Owned Shares | 307,546,523 |
| Foreign Ownership Level (%) | 28.75 % |
|---|
Ownership Structure
As of September 30, 2015
| Number of Issued and Outstanding Shares | 1,086,084,161 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,636,821 |
|---|
| Number of Foreign-Owned Shares | 304,668,693 |
| Foreign Ownership Level (%) | 28.48 % |
|---|
Ownership Structure
As of August 31, 2015
| Number of Issued and Outstanding Shares | 1,086,084,161 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,636,821 |
|---|
| Number of Foreign-Owned Shares | 303,652,148 |
| Foreign Ownership Level (%) | 28.39 % |
|---|
Ownership Structure
As of July 31, 2015
| Number of Issued and Outstanding Shares | 1,085,684,101 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,069,236,761 |
|---|
| Number of Foreign-Owned Shares | 306,376,538 |
| Foreign Ownership Level (%) | 28.65 % |
|---|
Ownership Structure
As of June 30, 2015
| Number of Issued and Outstanding Shares | 1,084,325,099 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,067,877,759 |
|---|
| Number of Foreign-Owned Shares | 303,556,982 |
| Foreign Ownership Level (%) | 28.43 % |
|---|
Ownership Structure
As of May 31, 2015
| Number of Issued and Outstanding Shares | 1,084,274,447 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,067,827,107 |
|---|
| Number of Foreign-Owned Shares | 306,556,897 |
| Foreign Ownership Level (%) | 28.71 % |
|---|
Ownership Structure
As of April 30, 2015
| Number of Issued and Outstanding Shares | 1,083,263,447 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,816,107 |
|---|
| Number of Foreign-Owned Shares | 303,524,069 |
| Foreign Ownership Level (%) | 28.45 % |
|---|
Ownership Structure
As of March 31, 2015
| Number of Issued and Outstanding Shares | 1,083,241,280 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,793,940 |
|---|
| Number of Foreign-Owned Shares | 308,477,173 |
| Foreign Ownership Level (%) | 28.92 % |
|---|
Ownership Structure
As of March 31, 2014
| Number of Issued and Outstanding Shares | 1,083,241,280 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,793,940 |
|---|
| Number of Foreign-Owned Shares | 308,477,173 |
| Foreign Ownership Level (%) | 28.92 % |
|---|
Ownership Structure
As of October 31, 2014
| Number of Issued and Outstanding Shares | 1,078,971,014 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,062,523,674 |
|---|
| Number of Foreign-Owned Shares | 319,831,501 |
| Foreign Ownership Level (%) | 30.10 % |
|---|
Ownership Structure
As of November 30, 2014
| Number of Issued and Outstanding Shares | 1,083,149,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,702,190 |
|---|
| Number of Foreign-Owned Shares | 323,231,891 |
| Foreign Ownership Level (%) | 30.30 % |
|---|
Ownership Structure
As of December 31, 2014
| Number of Issued and Outstanding Shares | 1,083,237,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,790,190 |
|---|
| Number of Foreign-Owned Shares | 322,260,599 |
| Foreign Ownership Level (%) | 30.21 % |
|---|
Ownership Structure
As of January 31, 2015
| Number of Issued and Outstanding Shares | 1,083,237,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,790,190 |
|---|
| Number of Foreign-Owned Shares | 318,397,188 |
| Foreign Ownership Level (%) | 29.85 % |
|---|
Ownership Structure
As of February 28, 2015
| Number of Issued and Outstanding Shares | 1,083,237,530 |
| Treasury Shares | (16,447,340) |
| Number of Outstanding Shares | 1,066,790,190 |
|---|
| Number of Foreign-Owned Shares | 315,282,198 |
| Foreign Ownership Level (%) | 29.55 % |
|---|
Top 20 Stockholders
- June 30, 2018
- March 31, 2018
- December 31, 2017
- September 30, 2017
- June 30, 2017
- March 31, 2017
- December 31, 2016
- September 30, 2016
- June 30, 2016
- March 31, 2016
- December 2015
- November 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- September 2014
- June 2014
- March 2014
- December 2013
- September 2013
- June 2013
- March 2013
- December 2012
- September 2012
- June 2012
Public Ownership
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
Foreign Ownership
- June 30, 2018
- March 31, 2018
- December 31, 2017
- September 30, 2017
- June 30, 2017
- March 31, 2017
- December 31, 2016
- September 30, 2016
- June 30, 2016
- March 31, 2016
- December 31, 2015
- September 30, 2015
- June 30, 2015
- March 31, 2015
- December 31, 2014
- June 30, 2014
- April 30, 2014
- September 30, 2010
- December 31, 2009
Historical Stock Price
- 2017 JFC Stock Price
- 2016 JFC Stock Price
- 2015 JFC Stock Price
- 2014 JFC Stock Price
- 2013 JFC Stock Price
- 2012 JFC Stock Price
- 2011 JFC Stock Price
- 2010 JFC Stock Price
- 2009 JFC Stock Price
- 2008 JFC Stock Price
- 2007 JFC Stock Price
- 2006 JFC Stock Price
- 2005 JFC Stock Price
- 2004 JFC Stock Price
- 2003 JFC Stock Price
Historical Dividends Declaration
The Jollibee Group has a cash dividend policy of declaring one-third of the Jollibee Group’s net income for the year as cash dividends. It uses best estimate of its net income as basis for declaring cash dividends.
JFC Historical Cash Dividends
| CASHDIVIDEND(In Pesos) | DECLARATIONDATE | EX-DATE | RECORDDATE | PAYMENTDATE | REMARKS |
|---|---|---|---|---|---|
| 0.37 | 28-Apr-09 | 11-May-09 | 14-May-09 | 05-Jun-09 | |
| 0.48 | 05-Nov-09 | 18-Nov-09 | 23-Nov-09 | 15-Dec-09 | |
| 1.43 | 12-Apr-10 | 04-May-10 | 07-May-10 | 03-Jun-10 | Includes special cash dividend of P1.00 per share |
| 0.82 | 10-Nov-10 | 22-Nov-10 | 25-Nov-10 | 21-Dec-10 | Includes special cash dividend of P0.25 per share |
| 0.50 | 13-Apr-11 | 02-May-11 | 05-May-11 | 31-May-11 | |
| 0.57 | 04-Nov-11 | 17-Nov-11 | 22-Nov-11 | 16-Dec-11 | |
| 0.58 | 12-Apr-12 | 04-May-12 | 09-May-12 | 31-May-12 | |
| 1.62 | 12-Nov-12 | 27-Nov-12 | 03-Dec-12 | 19-Dec-12 | Includes special cash dividend of P1.00 per share |
| 0.65 | 11-Apr-13 | 02-May-13 | 07-May-13 | 30-May-13 | |
| 2.00 | 06-Aug-13 | 16-Sep-13 | 19-Sep-13 | 14-Oct-13 | Special cash dividend |
| 0.71 | 12-Nov-13 | 26-Nov-13 | 29-Nov-13 | 16-Dec-13 | |
| 0.75 | 07-Apr-14 | 05-May-14 | 08-May-14 | 30-May-14 | |
| 0.89 | 12-Nov-14 | 24-Nov-14 | 27-Nov-14 | 18-Dec-14 | |
| 0.80 | 07-Apr-15 | 4-May-15 | 7-May-15 | 29-May-15 | |
| 0.97 | 09-Nov-15 | 20-Nov-15 | 25-Nov-15 | 9-Dec-15 | |
| 0.86 | 06-April-16 | 18-April-16 | 21-April-16 | 06-May-16 | |
| 1.00 | 11-Nov-16 | 23-Nov-16 | 28-Nov-16 | 12-Dec-16 | |
| 1.00 | 5-Apr-17 | 17-Apr-17 | 21-Apr-17 | 5-May-17 | |
| 1.18 | 10-Nov-17 | 22-Nov-17 | 27-Nov-17 | 11-Dec-17 |
See all dividends declaration here
Dividends Declarations
- 2018
- 2017
- 2016
- 2015
- 2014
- 2013
- 2012
- 2011
- 2010
- 2009
Investors’ Contact
COMPANY HEADQUARTERS
10/F Jollibee Plaza Building
No. 10 F. Ortigas Jr. Avenue
Ortigas Center, Pasig City, Philippines 1605
Telephone: (632) 634-1111
Facsimile: (632) 633-9504
Website: www.jollibee.com.ph
COMMON STOCK
Jollibee’s common stock is listed and traded on the Philippine Stock Exchange with the ticker symbol “JFC”. It is one of the companies which comprise the PSE Composite Index.
STOCKHOLDERS’ INQUIRIES
Inquiries regarding dividend payments, account status, address changes, stock certificates and other pertinent matters may be addressed to the Company’s registrar and transfer agent:
Rizal Commercial Banking Corporation
Stock Transfer Office
Ground Floor, West Wing
Grepalife Building
221 Senator Gil Puyat Avenue
Makati City
Telephone: (632) 892-4156
INSTITUTIONAL INVESTOR INQUIRIES
Further information on Jollibee Foods Corporation is obtainable from the Investor Relations department. Please write or call:
Cossette B. Palomar
Investor Relations Director
Jollibee Foods Corporation
Telephone: (632) 634-1111
Email: ir@jollibee.com.ph