A year-end party traditionally held to 'forget the year's troubles' and celebrate the coming year; commonly organized by companies or friends (bōnenkai).
会社の忘年会は来週の金曜日に開かれる。
The company's year-end party will be held next Friday.
今年も忘年会でみんなで盛り上がった。
We all had a great time at the year-end party again this year.
コロナの影響で忘年会の規模が縮小された。
Due to COVID-19, the scale of year-end parties was reduced.