About Matahari
Matahari has been a cornerstone of Indonesia’s retail landscape since 1958, when it opened its first store—a children’s fashion outlet in Jakarta. From this humble beginning, Matahari went on to make history by launching the country’s first modern department store in 1972. Today, as Indonesia’s premier and most established retailer, Matahari continues to evolve, shaping the future of fashion retail for a new generation of Indonesian shoppers. Matahari’s solid fundamentals and commitment to delivering sustainable value have contributed to local economic growth by creating hundreds of job opportunities across the nation. With more than 140 stores in nearly 80 cities throughout the archipelago, Matahari’s expansive reach is further strengthened by its digital platforms, including Matahari.com and various omnichannel initiatives. Matahari excels in delivering curated fashion across apparel, footwear, beauty, and related lifestyle categories. Alongside its curated fashion offerings, Matahari continues to expand its portfolio of private labels, including SUKO, ZES, Nevada, Connexion, COLE, and Little M to better serve the dynamic tastes of Indonesian consumers.

Corporate Values
Humble
Always be humble and respectful to others while still being assertive.
Collaborative
Focus on working well together, trusting each other, and providing positive support.
Competitive
Have a strong fighting spirit for healthy competition to achieve the best performance.
Innovative
Provide creative and original ideas. Be adaptive and continuously innovate for present and future implementable outcomes.
Giving Back
Share benefits and happiness with others. Provide value to society and the environment with a sense of sincerity and responsibility
Investors
1.580
LPPF
7,655
Employees
142
Stores
6,570
Billion Rp in Gross Sales 1H25
604
Billion Rp in Net Profit 1H25
Social & Community Development
Matahari contributes to driving local economic growth by providing decent, fairly compensated work opportunities for local people across Indonesia. We have a policy of hiring locally as far as possible, and the majority of staff at each of our stores are from the local area. The existence of a large format Matahari store has a significant, positive impact on the local economy, particularly in second and third tier cities around the country, from the absorption of local labour, products and services to the payment of local taxes.