PT Matahari Department Store Tbk

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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

1.580

LPPF

7,655

Employees

142

Stores

6,570

Billion Rp in Gross Sales 1H25

604

Billion Rp in Net Profit 1H25

STOCK INFORMATION

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.

Awards

  • The Best Sectors Investortrust Companies 2025

    Category: Consumer Discretionary Sector 

    Powered by: Investortrust

    The Best Sectors Investortrust Companies 2025

    Category: Consumer Discretionary Sector 

    Powered by: Investortrust

  • Malang Investment Award '24 Category: Retail Trade Sector
    Powered by: Disnaker PMPTSP Kota Malang

    Malang Investment Award '24 Category: Retail Trade Sector
    Powered by: Disnaker PMPTSP Kota Malang

  • Breakthrough Licensee of The Year 2024

    03 October 2024

    Breakthrough Licensee of The Year 2024

    03 October 2024

  • Best Direct-to-Retail Execution 2023

    01 April 2024

    Best Direct-to-Retail Execution 2023

    01 April 2024

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