Ayako becomes the mistress of her boss in order to pay her father's debt and prevent him from going to prison for embezzlement.

A geisha in the Gion district of Kyoto feels obliged to help her lover when he asks to stay with her after going bankrupt and leaving his wife. However, her younger sister opposes this, thinking that they should both find wealthy patrons to support them.

In late 19th-century Tokyo, Kikunosuke Onoue, the adopted son of a legendary actor, himself an actor specializing in female roles, discovers that the praise he receives is only due to his status as his father's heir. Devastated, he turns to Otoku, a servant of his family, for comfort, and they fall in love. Kikunosuke becomes determined to leave home and develop as an actor on his own merits, and Otoku faithfully joins him.

Fleeing a distressing family situation, Eiko, a very young girl, becomes an apprentice to Miyoharu, a veteran geisha. Both, determined to preserve their professional integrity, must face the selfishness and ambition of several petty people.

During the Edo Period, a noblewoman's banishment for her love affair with a lowly page signals the beginning of her inexorable fall.