noun
consolation party
A gathering held after a failure or defeat, often to cheer up participants or commiserate. Common in sports, business, or project contexts.
試合に負けた後、チームで残念会を開いた。
After losing the match, the team held a consolation party.
Compound of 残念 (regrettable, disappointing) and 会 (gathering, party). The exact origin is uncertain, but it likely emerged as a casual term for post-defeat gatherings.