Japan Home closing outlets; staff say taking over operations
5 outlets had closing-down sales announced on Japan Home’s Facebook page from June to July.
Japan Home, a Singaporean retail chain, has announced the closure of several of its stores in the city-state, according to sources cited by The Business Times. The closures, which began in June, have led to some stores reopening under a joint management arrangement with Value Dollar, also known as Valu$. Five outlets in Hougang Mall, Century Square, Northpoint City, HarbourFront Centre, and Buangkok Square all closed for final sales events between June and July.
The termination of Japan Home's JFUN & Gold Membership Programme was announced on July 21, with no further registrations or renewals accepted after that date. The website has not updated the status of its outlets since then.
A visit to nine Japan Home stores on August 18 found three completely shuttered and several others closed for stocktaking, with Valu$ products present in some locations. Staff at the affected stores attributed the closures to a change in management, with some speculating that Japan Home has been entirely sold to Valu$. Valu$ is a dollar-store chain operating in Singapore, and the company operates Japan Home outlets in Bedok and Woodlands, with more conversions expected.
Valu$ is run by DD Pte Ltd, a business founded by Radha Exports in 2005, with a 30% stake held by Radha Japan, a Singapore-registered subsidiary of Japan Home. The remaining shares are owned by Japan Home Centre (Management) Ltd, which recently changed its name from Hong Kong-based Japan Home Centre to Best Home Centre. The company's financial performance has declined significantly, with losses more than doubling to $2.3 million in the 2025 fiscal year and revenue dropping to $51.7 million in 2024, down from $53.7 million the previous year.
Written by urgent.news from Straits Times Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
