{
  "id": 2002717,
  "title": "5 Japan Home stores in S'pore shutter, staff say other stores to be converted to Valu$: BT",
  "url": "https://urgent.news/2026/08/19/5-japan-home-stores-in-spore-shutter-staff-say-other-stores-to-be",
  "topic": "world",
  "section": "World",
  "published": "2026-08-19T16:35:09.000Z",
  "source": {
    "name": "Mothership",
    "slug": "mothership",
    "url": "https://mothership.sg/2026/08/japan-home-stores-replaced-value-dollar/"
  },
  "original_language": "en",
  "account": "Japan Home, a home goods chain, has shuttered five of its stores in Singapore, with more likely to follow suit as they convert to the Valu$ 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.",
  "summary": "Japan Home's losses after tax had more than doubled to S$2.3 million in the financial year ending in April 2025.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}