"Japan Home" Singapore Stores Resume Operations

On 20 August 2026, all "Japan Home" stores in Singapore officially reopened after completing a transition process. The move marks the resumption of operations for the international housewares retail chain, which is owned by International Housewares Retail Company Limited, known by its stock code 1373. The reopening follows the successful transfer of the franchise rights to Radha Export Pte. Ltd., a Singapore-based company with a proven track record in managing retail brands such as ABC and Valu$. The transition was finalized on 19 August 2026, following the signing of a three-year master franchise agreement on 13 August 2026. This agreement was signed between an indirect subsidiary of IH Retail and Radha Export Pte. Ltd. Under the terms of the deal, Radha has been granted the exclusive right to operate the "Japan Home" brand in Singapore, including through sub-franchisees, and to expand the brand’s presence by opening new stores in appropriate locations. Radha Export Pte. Ltd. brings a wealth of experience in consumer goods and wholesale distribution, combined with deep knowledge of the Singapore market. Its established supply chain network and local operational expertise are expected to play a crucial role in enhancing the efficiency of "Japan Home" stores. The company is anticipated to contribute to improved customer service, better inventory management, and more effective marketing strategies tailored to the preferences of Singaporean consumers. The decision to adopt a local franchise model reflects a broader strategy aimed at strengthening the Group’s foothold in the region. By partnering with Radha, IH Retail aims to optimize its regional business structure, streamline operations, and ensure sustained growth. This approach is designed to align with the evolving demands of the Southeast Asian market, where consumer behavior continues to shift towards greater convenience and personalized shopping experiences. The partnership is also expected to bolster the brand’s visibility and appeal within Singapore. With Radha’s support, "Japan Home" is positioned to maintain its reputation as a trusted retailer of Japanese home products while expanding its offerings to meet local tastes. The company plans to leverage its existing infrastructure and relationships to introduce new product lines and services that cater to both residential and commercial clients. Looking ahead, the Group remains optimistic about the future of the Singapore market. It has expressed confidence in the long-term potential of the region and reaffirmed its commitment to providing high-quality shopping experiences. As part of its ongoing efforts, IH Retail will continue to monitor market trends and adjust its strategies accordingly to ensure the continued success of the "Japan Home" brand in Singapore and beyond.