What's going on
Someone pulled up to a McDonald's drive-thru in Japan and found the previous customer's order still sitting on the confirmation screen. Every line item was priced FREE, and the total at the bottom read ¥0. Not a discount, not a coupon — zero. The obvious question followed: what's the trick here, and is the person in the car ahead simply very rich?
The answer turned out to be something most Japanese consumers recognise instantly and almost nobody outside Japan does. Listed Japanese companies routinely send their shareholders a benefits package on top of the dividend — vouchers, products, discounts, sometimes rice or hot spring passes. McDonald's Holdings Japan sends out booklets of meal tickets twice a year to anyone holding 100 shares or more. Each ticket covers one burger, one side and one drink at any price point on the menu, which is why the register rings them up as FREE rather than knocking money off.
What follows is the thread doing the maths out loud — roughly ¥800,000 for the entry-level 100 shares — plus a run of people confirming the tickets work at the drive-thru, a tip about where to buy the vouchers without owning the stock at all, and a quieter complaint about the fact that the screen shows your order to the next car in line.
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My take
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