|Romanized Title:||Hatsu Shouri no Aji|
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- Characters Introduced: None
- Locations Introduced: Sugar Ray
- Techniques Introduced: None
- Mentioned Boxers: None
- Title Page Character(s): Makunouchi Ippo
When the coach and Yagi rush into the ring to congratulate Ippo, Oda wakes up and is told by Mikami that he fought well, helping him realize that he has lost. Ippo goes to the other corner and is congratulated by the crew as Oda silently leaves. Ippo exits the ring to the cheers of the crowd.
Meanwhile, Oda is upset that just as he learned how fun boxing is, he has to retire. He and Mikami come across Reiko who tells him that even though he lost he still looked "really cool" and that she'd love to cheer for him again. Oda is sad that he won't be able to do this due to his retirement agreement, but instead Mikami insists they start working on his guard next.
Ippo's gym mates wanting to celebrate, believe the coach to be cold towards Ippo despite his performance since he walks away without congratulating him. Yagi however, shows them that the coach left money for them to celebrate and they go to Sugar Ray. They gather with some waitresses to drink, but Takamura sulks because Ippo is getting all of the attention. Everybody toasts for Ippo, who blushes, which the waitresses find "cute", so Takamura decides to get even with Ippo by pantsing him in front of them.