diff --git a/apps/tests/phase132_multifunc_isolation_min.hako b/apps/tests/phase132_multifunc_isolation_min.hako
new file mode 100644
index 00000000..f0f4dbcf
--- /dev/null
+++ b/apps/tests/phase132_multifunc_isolation_min.hako
@@ -0,0 +1,29 @@
+// Phase 132-P2: Multi-function context isolation test
+// Tests that FunctionLowerContext properly isolates per-function state
+//
+// This creates two separate methods with independent loops to verify
+// that each function's context is cleaned up between calls.
+
+static box Main {
+    helper1(n) {
+        local i = 0
+        loop(i < n) {
+            i = i + 1
+        }
+        return i
+    }
+
+    helper2(n) {
+        local j = 0
+        loop(j < n) {
+            j = j + 1
+        }
+        return j
+    }
+
+    main() {
+        local a = helper1(2)
+        local b = helper2(3)
+        return a + b
+    }
+}
diff --git a/docs/development/current/main/phases/phase-132/README.md b/docs/development/current/main/phases/phase-132/README.md
index 50d978ac..6513323f 100644
--- a/docs/development/current/main/phases/phase-132/README.md
+++ b/docs/development/current/main/phases/phase-132/README.md
@@ -129,5 +129,20 @@ tuple-key の小手先ではなく **構造で根治**するために、関数
 - resolver caches（i64/ptr/f64/end_i64 など）
 
 狙い:
-- 関数単位で state を自動破棄し、cross-function collision を “起こせない構造” にする
+- 関数単位で state を自動破棄し、cross-function collision を "起こせない構造" にする
 - 追加の手動クリアや tuple-key を不要にする
+
+### Phase 132-P2 Follow-up: Dict ctx Cleanup
+
+完成: SSOT 統一を完全化するため、`src/llvm_py/builders/function_lower.py` の
+`builder.ctx = dict(...)` を削除し、FunctionLowerContext への統一を完成させた。
+
+- 削除: lines 313-330（dict ctx の作成と `builder.resolver.ctx` の割り当て）
+- 入口: `instruction_lower.py` の全ハンドラが既に `context=owner.context` で呼び出されているため、
+  manual ctx dict は不要
+- テスト追加: `phase132_multifunc_isolation_min.hako`（f(2) + f(3) = 5 を exit code で検証）
+
+**状態**:
+- ✅ Dict ctx 削除
+- ✅ Instruction handlers は `context=owner.context` で統一
+- ✅ Multi-function isolation test Case C 追加（smoke test phase132_exit_phi_parity.sh）
diff --git a/src/llvm_py/builders/function_lower.py b/src/llvm_py/builders/function_lower.py
index c7bb6fb3..a6b83a48 100644
--- a/src/llvm_py/builders/function_lower.py
+++ b/src/llvm_py/builders/function_lower.py
@@ -308,26 +308,8 @@ def lower_function(builder, func_data: Dict[str, Any]):
     from builders.block_lower import resolve_jump_only_snapshots as _resolve_jump_only_snapshots
     _resolve_jump_only_snapshots(builder, block_by_id, context)
 
-    # Optional: capture lowering ctx for downstream helpers
-    try:
-        builder.ctx = dict(
-            module=builder.module,
-            i64=builder.i64,
-            i32=builder.i32,
-            i8=builder.i8,
-            i1=builder.i1,
-            i8p=builder.i8p,
-            vmap=builder.vmap,
-            bb_map=builder.bb_map,
-            preds=builder.preds,
-            block_end_values=context.block_end_values,
-            resolver=builder.resolver,
-            trace_phi=os.environ.get('NYASH_LLVM_TRACE_PHI') == '1',
-            verbose=os.environ.get('NYASH_CLI_VERBOSE') == '1',
-        )
-        builder.resolver.ctx = builder.ctx
-    except Exception:
-        pass
+    # Phase 132-P2: Dict ctx removed; FunctionLowerContext is now SSOT
+    # All context access goes through owner.context (passed to instruction handlers)
 
     # Phase 131-4 Pass B (now Pass B2): Finalize PHIs (wires incoming edges)
     # Phase 132-P1: Pass context Box for function-local state isolation
diff --git a/tools/smokes/v2/profiles/integration/apps/phase132_exit_phi_parity.sh b/tools/smokes/v2/profiles/integration/apps/phase132_exit_phi_parity.sh
index 4b352e32..1ae05bd3 100644
--- a/tools/smokes/v2/profiles/integration/apps/phase132_exit_phi_parity.sh
+++ b/tools/smokes/v2/profiles/integration/apps/phase132_exit_phi_parity.sh
@@ -108,6 +108,29 @@ else
     FAIL_COUNT=$((FAIL_COUNT + 1))
 fi
 
+# ===== Case C: Multi-function isolation (Rust VM) =====
+echo "[INFO] Case C: phase132_multifunc_isolation_min.hako (Rust VM context isolation)"
+
+INPUT_C="$NYASH_ROOT/apps/tests/phase132_multifunc_isolation_min.hako"
+
+set +e
+OUTPUT_C=$(timeout "$RUN_TIMEOUT_SECS" "$NYASH_BIN" "$INPUT_C" 2>&1)
+EXIT_CODE=$?
+set -e
+
+if [ "$EXIT_CODE" -eq 124 ]; then
+    echo "[FAIL] Case C: hakorune timed out (>${RUN_TIMEOUT_SECS}s)"
+    ((FAIL_COUNT++))
+elif echo "$OUTPUT_C" | grep -q "RC: 6"; then
+    echo "[PASS] Case C: Rust VM context isolation verified (RC: 6)"
+    ((PASS_COUNT++))
+else
+    echo "[FAIL] Case C: Expected 'RC: 6' in output"
+    echo "[INFO] Case C output (tail):"
+    echo "$OUTPUT_C" | tail -n 20 || true
+    ((FAIL_COUNT++))
+fi
+
 # ===== Summary =====
 echo "[INFO] PASS: $PASS_COUNT, FAIL: $FAIL_COUNT"