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The Tokyo Stock Exchange reported Thursday that 1,313 companies, or 76.5 percent of the TSE-listed firms that closed their books on March 31, will hold annual their shareholders’ meetings on June 27.

The figure compared with 79.5 percent last year and a record 96.2 percent in 1995. The percentage has steadily declined over the past seven years.

However, annual meetings are still largely held on a specific day, and the Tokyo bourse is urging companies to stagger their meetings.

Net stock sales logged

Nonresident investors were net buyers of Japanese stocks in May for the third consecutive month, with net purchases of 931.7 billion yen, the Finance Ministry has announced.

Nonresident investors purchased 6.9 trillion yen worth of Japanese stocks and sold 5.97 trillion yen, the ministry said Wednesday in a report based on transaction contracts.

They became net buyers of Japanese bonds for the first time in seven months, with net purchases of 894.9 billion yen. They bought 5.36 trillion yen worth and sold 4.46 trillion yen.

Japanese investors were net buyers of foreign stocks for the third straight month, with net purchases of 599.1 billion yen. They bought 1.98 trillion yen worth and sold 1.38 trillion yen.

They were net buyers of foreign bonds for the second consecutive month, with net purchases of 995.8 billion yen.

They purchased 9.01 trillion yen worth and sold 8.01 trillion yen.

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