The financial results for domestic and foreign institutional investors (funds) and corporations are for March, June, September, and December. As a result, dividend sales (ETF sales pressure of 1 trillion yen at the beginning of July) and sales due to profit compression (loss cuts for stocks that have dropped in price) will occur. In particular, general shareholders' meetings are concentrated at the end of June, and stock buybacks are being refrained. As a result, sales are shrinking.
　It's the usual pattern. After all, business corporations are now the biggest buyers in the Tokyo market. Incidentally, the overpurchase amount of business corporations is 1.3 trillion yen in 2020, 1.6 trillion yen in '21, 5.2 trillion yen in '22, 4.9 trillion yen in '23, and 1.9 trillion yen from January to May this year. There is no doubt that this is a stock buyback.
　Furthermore, the amount announced for stock buybacks is 9 trillion yen, which is close to last year's worth (9.6 trillion yen), which was a record high.
　What is big in terms of money $Toyota Motor(7203.JP)$1 trillion yen, $Japan Post Holdings(6178.JP)$350 billion yen of $KDDI(9433.JP)$、 $Honda Motor(7267.JP)$300 billion yen of $Sony Group(6758.JP)$250 billion yen of...

$Nippon Dry-Chemical(1909.JP)$
Dry chemicals have risen 3%, very large, and the momentum is good