Company’s Brief History
PT Matahari Putra Prima Tbk (“Company”) was established in Republic of Indonesia on March 11, 1986 based on the Notarial Deed of Budiarti Karnadi, S.H., Public Notary, No.30 dated March 11, 1986 and was legalized by the Ministry of Justice Republic of Indonesia based on the Quotation Letter from the List of Decrees of the Minister of Justice dated July 26, 1986 No.C2-5238.HT.01-01.Th.86. The Deed was announced in the State Gazette of the Republic of Indonesia No.73 dated September 10, 1991, Additional State Gazette of the Republic of Indonesia No.2954. The Article of Association Deed has been updated several times with the latest update was stated at Deed of Statement of Meeting Decision by Sriwi Bawana Nawaksari, S.H., M.Kn, Public Notary, No.202 dated December 23, 2021. The change has been reported to Ministry of Law and Human Rights of the Republic of Indonesia through Letter of Acceptance of Change Notification No. AHU-AH.01.03-0491914 dated December 23, 2021.
The Company conducts its key business operation in the form of hypermarket and supermarket chain providing various products such as daily necessities products to electronics. By the end of this reporting year, the Company operated Hypermart, Primo, Foodmart, Hyfresh, Boston Health & Beauty, and FMX in more than 130 location in Jakarta and other cities in Indonesia.
About the Company
Established in 1986, PT Matahari Putra Prima Tbk (“Company/MPPA”) has successfully become a prominent modern retailer in Indonesia. The divestment of non-core assets at the end of 2012, poised MPPA to focus on its core FMCG modern retail business in order to capture and serve the large potential consumer market. Today MPPA has become a shopping destination and successfully operates more than 196 stores across Indonesia supported by its own extensive distribution network. The Company’s strategy to becoming a multi-format FMCG operator continued to unfold.
In 2015, strategic Hypermart locations were remodeled to the new concept as well as new stores being built following this new concept.The company also has several store formats such as Foodmart, Hyfresh, Promo, Boston and FMX.
Within the continued, challenging market condition and increased competition, the Company aligned its retail business strategy by reaffirming its key focus toward consumer retailing through its Hypermart and Foodmart formats, and reduced its exposure from the large, unprofitable B2B business, while continues its cost efficiency efforts on all expenses, inventory management and more efficient store formats at the same time.
The Company’s focus toward consumer sustainable retailing were carried out by the relaunching of Hypermart, Primo and Foodmart stores, adapted to market condition and consumers’ needs.The Company also strengthened its retail role by launching Hyfresh, a community- supermarket concept, with arrays of daily household products being offered at competitive prices in the market.
|Name||PT Matahari Putra Prima Tbk.|
|Line of Business||Carrying out trading of various kinds of goods which are primarily food, beverages or tobacco, e.g. in minimarkets, supermarkets, hypermarkets, also some non-food items such as clothing, household furniture, children's toys, cosmetics, pharmaceuticals (medicines), and medical devices.|
|Operational Head Office||
Hypermart Cyberpark • Lantai UG • Jl. Sultan Falatehan
Lippo Karawaci Utara • Tangerang - Banten 15138
Tel (62-21) 5081 3000 • Fax (62-21) 8061 5757 • www.mppa.co.id
|Market Served||The market served includes people/families in the middle to upper-middle class segment which is spread nationwide in both metropolitan cities and other small cities. MPPA retail outlets are located in shopping malls as well as standalone stores.|
|Corporate Communications||e-mail: email@example.com|
|Year of Establishment||1986|
|Stock Exchange Registration||1992|
In the midst of Covid-19 pandemic, the Company started to strengthen and develop its Offline to Online (O2O) online business in 2020 through its Hypermart Online e-commerce platform and the launch of Chat & Shop by Whatsapp which is supported by Park & Pickup and BELLA (Single National Whatsapp Number) features, as well as started its collaboration with several leading marketplace operators such as Grabmart, Shopee and Tokopedia.
Scale of the Organization
|Number of Employees||8,086||8,704||8,044||People|
|Number of Operations||196||200||211||Stores|
|Net Income||7,018||6,655||6,747||Rp Billion|
|Total Asset||3,784||4,650||4,510||Rp Billion|
|Number of Operational Office and Warehouse||5||5||4||Units|
|Number of Products Sold||34,983||34,404||35,862||SKU|
The focus continued in 2022, the Company continued to strengthen its all online business platform sustainably with further development of its organic online business, Hypermart Online and Chat & Shop, and expanded its collaborations with more leading marketplaces.
Throughout 2022, the company will continuously assess the performance of several existing outlets in order to make better decisions for several strategic actions, including closing outlets that are considered to have a less positive impact on the company's performance and reopening outlets in certain locations that are considered to be able to make a good contribution to the company's performance while continuing to focus on fresh products and providing consumer needs.
Information of Subsidiary
By the end of 2022, the Company has direct ownership of 1 (one) Subsidiary, PT Matahari Super Ekonomi (“MSE”), domiciled in Tangerang Regency, which has operated since 1994 in modern retail. The Company’s shareholding is 99.2% of MSE since 1994. Currently, MSE does not actively operate and has a dormant status.
Membership Of Association
- Member of Indonesian Retailers Association (APRINDO)
- Member of Indonesian Chamber of Commerce And Industry (KADIN)
- Member of Indonesian Public Listed Company Association