The film portrays a satirical view of today's heartless money-oriented society.

The tyrannical Lord Danjo Mikoshiba covets the rich, fertile lands surrounding Lake Yakumo. During a memorial ceremony for the late Chigusa lord, Mikoshiba launches an attack, overthrowing the honorable Lord Juro. Just when all seems lost, Daimajin rises from Lake Yakumo to settle a score of his own.

[Period covered: 1582-1594]. As the film opens, the warlod Nobunaga Oda rides to Iga Ayanokuni shrine. He is asked if he thinks he has destroyed all the ninja who opposed him and answers that he suspects that there may be more. A servant brings water and tests it first. The paige dies and we hear gunshots as two ninja flee the scene. His suspicions confirmed, Nobunaga oversees the execution of captured ninja and decides that, in the future, he needs a much crueler method of execution. The daimyo Hideyoshi comes to visit.

Sentaro is been severely beaten for his defiance of the government and the high taxes during a time of famine. He is befriended by Kada Gentaro, a leader in the Mito Tengu group, which plans to overthrow the shogunate.

An abandoned temple in the mountains outside of the old capital city of Kyoto is the scene of a fated meeting between a traveling priest, two women, and a vicious killer. Bloody violence erupts whenever strangers approach the temple. Can the traveling priest bring his belief in the Buddha and rid the three temple residents of the devils that hold their souls?

A former soldier, reduced to working at a restaurant post-war, becomes a contract killer for the yakuza gangs he's in contact with.

The story is presented as a voiced-over narrative by Arita (Takahiro Tamura), speaking long after the events of the film. In a remote army base in Manchuria, near the Soviet border, long-serving corporal Arita hates the military and looks forward to the day he may leave. Although a university graduate, he has several times deliberately failed the exam for promotion and thus remains a corporal after four years' service.

In the fourth film of series, Secret Assignment, Raizo again plays the Jiro Shiina. This time he's out to discover who is spying for the British in the Foreign Ministry, under the code name “Cat's Eye”.