Corporate

About Matahari

Matahari (“Company”) has a deep legacy in Indonesian retail. Beginning its journey on October 24, 1958 with the opening of its first outlet, a children’s fashion store in Jakarta, Matahari went on to open Indonesia’s first modern department store in 1972. Since then, Matahari has established itself as a truly national brand.

Who We Are

Company 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

30,850

Employees

142

Stores

12,307

Billion Rp in Gross Sales FY24

828

Billion Rp in Net Profit FY24

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.