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.

Lord Asano Takumi-no-Kami Naganori was charged with receiving a group of envoys from the Imperial Court in Kyoto. He was young and slightly inexperienced, so Lord Kira Kozuke-no suke Yoshinako was given the task of instructing Lord Asano in the customs of the ceremony. On the day of the reception, something went terrible wrong, and Lord Asano attempted to kill Lord Kira. For this, Lord Asano was order to commit seppuku. However, in violation of existing law, Lord Kira was not punished. The ruling Shogun Tokugawa Tsunayoshi eventually confiscated Lord Asano's land and dismissed the samurai that had served him so faithfully, effectively making them all ronin. Two years later, Oishi Kuranosuke Yoshi led a group of samurai loyal to Lord Asano in an attack on Kira's compound. Their aim was to capture and kill him.

Two cowardly palanquin carriers know the culprit of a murder, but are too scared to report it to the police. In the meantime, an innocent man is arrested as the murderer and chaos ensues.