Japanese women&
#39;s wrestling (joshi puroresu) saw great mainstream popularity from the mid-70s through the 80s & 90s, peaking in 1985 when the "Crush Gals" consistently drew 12% of the total TV ratings. That is why joshi puroresu is often represented in anime of this time period.
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WWE&
#39;s highest rated show ever was about 8.1% of the the total ratings(1999). Meaning, at one time, joshi puroresu was more of a cultural phenomenon in Japan than WWE ever was here. In this video from 1987, you&
#39;ll see much of the fanbase was teen girls, who idolized the wrestlers.
The wrestling promotion in the episode is "Tokon Woman Pro Wrestling" - this is not a real promotion, but the word Tokon is synonymous with the concept of "Fighting Spirit".