5 Japan Home stores in S'pore shutter, staff say other stores to be converted to Valu$: BT

Japan Home, a home goods chain, has shuttered five of its stores in Singapore, with more likely to follow suit as they convert to the Valu$ model, according to staff. The closures began in June and July, with additional stores likely to be converted soon, according to Japan Home staff. The Business Times reported that Valu$ staff were seen clearing shelves at the Waterway Point outlet, indicating a joint management arrangement.

Accounting and Corporate Regulatory Authority (ACRA) records show that Valu$ operates the converted stores, while Japan Home parent company Radha Japan owns about 30% of Japan Home. The parent company's losses after tax more than doubled to S$2.3 million for the financial year ending Apr. 30, 2025, from S$858,596 a year prior.