Matahari (department store)

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PT Matahari Department Store Tbk
PT Stephens Utama International Leasing Corp
Traded asIDXLPPF
FoundedOctober 24, 1958 (1958-10-24)
Number of locations
125 across Indonesia
Key people
ServicesDepartment store
  • Increase IDR 10.245 Trillion (2018)
  • Decrease IDR 1.566 Trillion (2018)
  • Decrease IDR 1.097 Trillion (2018)
Total assets
  • Decrease IDR 5.036 Trillion (2018)
Total equity
  • Decrease IDR 1.815 Trillion (2018)
Matahari Department Store at "Mal Bali Galeria" Shopping Mall in Bali, Indonesia

PT Matahari Department Store Tbk, doing business as Matahari, is an Indonesian company working in the retail business for several types of products such as clothes, accessories, bags, shoes, cosmetics, and household appliances, which provides management consulting service.[1]


The first Matahari outlet was opened on 24 October 1958 in Pasar Baru, Central Jakarta, in the form of children's fashion store. The store started to open a modern department store in 1972. In 1980, a Matahari outlet opened in Bogor, East Java - the first outlet outside Jakarta.

Matahari established as a legal company PT Stephens Utama International Leasing Corp based on Notarial Deed No. 2 dated 1 April 1982 of Misahardi Wilamarta, S.H.. The deed of establishment was approved by the Minister of Justice of the Republic of Indonesia in Decision Letter No. C2-2611-HT.01.01.Th.82 dated 18 November 1982, and was published in the State Gazette No. 4 dated 14 January 1983, Supplement No. 58.[1]

The initial public offering of Matahari was done on 1989 with its 2,140,000 type A shares being valued in full amount of IDR 1,000.[2]


  1. ^ a b Matahari Department Store Tbk 2014, p. 6.
  2. ^ Matahari Department Store Tbk 2014, p. 7.


  • Matahari Department Store Tbk, PT (2014). PT Matahari Department Store Tbk: Financial Statements 31 December 2013 and 2012. PT Bursa Efek Indonesia.
  • Company website (2017) :

See also[edit]

(Below were brands associated with Matahari brand)

  • Hypermart, a hypermarket chain
  • Foodmart, a supermarket chain formerly known as Matahari Supermarket
  • Timezone, an Australian video arcade chain whose franchise in Indonesia is taken by Matahari

External links[edit]