The event took place on November 5, 1990 at the Komazawa Gymnasium in Tokyo, Japan and was held to celebrate the first anniversary of FMW, which was founded on July 28, 1989.

FMW owner Atsushi Onita originally planned to hold the company's 1st Anniversary Show on October 19, 1990 at the Sumo Hall in Tokyo, Japan but the plans were shelved after the arena management did not allow FMW to hold their show at the venue due to their intense brutal and barbaric deathmatches and due to the brutality of a storyline, which Onita had worked with World Wrestling Council (WWC) in Puerto Rico to bring WWC wrestlers to compete at the event.

In the storyline, he was brutally attacked by Invader I, Víctor Quiñones, Mr. Pogo and El Gran Mendoza and a Japanese photographer took pics of his stitches.

[1] The main rivalry heading into the event was between Atsushi Onita and Mr. Pogo for the WWA Brass Knuckles Heavyweight Championship.

[7] Jimmy Backlund won the AWA World Light Heavyweight Championship in 1988 and began defending it at FMW events after the promotion came into existence.

[9] Megumi Kudo, Noriyo Toyoda and Reuben Amada were trainees of the 1986 badge of All Japan Women's Pro-Wrestling and worked for the promotion for a few while before leaving it in 1988.

Katsuji Ueda defended the AWA World Light Heavyweight Championship against Jimmy Backlund in a different style fight.

Tarzan Goto defeated Soul King in a different style match by knocking him out in the second round with a belly to back inverted mat slam.

[16] Later that month, FMW's co-founders Kazuyoshi Osako and Mickey Ibaragi left the company and formed their own hardcore wrestling promotion W*ING as they were unable to cope with Onita's ego.

This broke up The Outbreakers team and Toyoda formed a new stable Combat Army with Eriko Tsuchiya and Yoshika Maedomari.

Megumi Kudo began to emerge as a rising star in the women's division and ultimately became the top female wrestler of the company.