Wandering samurai Nemuri Kyoshiro (Raizô Ichikawa) finds a bulls-eye on his back after befriending the shogunate's tightfisted financial adviser, Asahina, who's earned the wrath of the shogun's self-indulgent daughter for cutting off her allowance. The enraged princess promptly hatches a scheme to have Asahina bumped off -- along with his protector, Kyoshiro. Shiho Fujimura also stars in this installment of the enormously popular film series.