Japan Home closing outlets; staff say Valu$ taking over operations
Valu$ operator has stake in both businesses; Japan Home held closing down sales at Hougang Mall, Century Square, Northpoint City, Harbourfront Centre...
Japan Home, a Singaporean household retail chain, has closed several of its stores since June, with some potentially reopening as joint ventures with Valu$, a dollar-store operator. The closures were announced on Japan Home's Facebook page between June and July, and the company's website is currently under maintenance. During a visit on August 18, The Business Times found three stores fully shuttered and six others closed for stocktaking.
Staff at the outlets suggested that Japan Home had been sold to Valu$, which operates under the dollar-store model. Several stores, including those in Bedok and Woodlands, are run jointly with Valu$, with more expected to transition in the coming days. Valu$ is managed by DD Pte Ltd, a company founded in 2005 by Radha Exports. An Acra filing shows that Radha Japan, a Singapore-registered entity with around 30% ownership in Japan Home, is the parent company.
The rest of Japan Home is owned by Singapore-registered Japan Home Centre (Management) Ltd, which recently changed its name from Hong Kong Japan Home Centre to Best Home Centre. The company's losses from ongoing operations more than doubled to S$2.3 million in the 2025 financial year, and revenue dipped to S$51.7 million in 2024.
Japan Home was founded in Hong Kong in 1991 and expanded to Singapore in 1999, operating 34 outlets by 2026.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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