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 Singapore-based household retail chain, has been closing several of its stores since June, with some potentially reopening as joint ventures with Valu$, a dollar-store chain. The remaining outlets, including those at Hougang Mall, Century Square, Northpoint City, Harbourfront Centre, and Buangkok Square, have announced closing down sales on Japan Home's Facebook page.
The company's website is currently under maintenance. A recent visit to nine Japan Home stores revealed three fully shuttered and six stores closed for stocktaking, with Valu$ stocks present in some locations. Japan Home staff believe the closures are due to a change of management, potentially involving a sale to Valu$. The retail chain was founded in Hong Kong in 1991 and expanded into Singapore in 1999, growing to 34 outlets by June 2026.
However, the company has experienced financial losses, with after-tax losses more than doubling to S$2.3 million in its 2025 financial year. Japan Home's co-founders are listed as directors of Singapore-registered Japan Home Retail.
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- Five Japan Home stores shutter; staff say Valu$ taking over operations businesstimes.com.sg
