Yakumo was listening to Yotaro's rakugo on the porch with Konatsu when he suddenly found himself lost on a scaffolding of candles. There, he met the Second Generation Sukeroku once more, who told him that he had arrived at the Sanzu River. Sukeroku then guides him on a journey through the land of the dead. On the way, return to their childhoods and young adulthoods, talk to each other about Miyokichi and Konatsu, and look back on their lives as they were. And then Miyokichi appears…

Fifteen years have passed since that fateful day. Yotaro and Konatsu's children are growing up: Shinnosuke is a futatsume, and Koyuki has entered high school. Those who made their lives from rakugo, those who gave their lives to rakugo… aspects of their checkered pasts carry on to the next generation. What feelings lie in the hearts of those who inherit the names Kikuhiko, Sukeroku, and Yakumo, as they face their rakugo? The curtain is finally about to come down on Showa Genroku Rakugo Shinju.

As far as Shinnosuke is concerned, Yotarou is his beloved father, and now that he's become a popular storyteller, Yotarou is even appearing on TV shows. After he performs "Jugemu" on a children's program, all the kids begin reciting it. Meanwhile, he's also getting steady work at the theater, while Konatsu plays shamisen in the wings. Higuchi is overjoyed to see it to see Yotarou satisfy so many people, but his desire to create new rakugo works hasn't changed. That's when he decides to entreat Yakumo for aid.

A week after his collapse on stage, Yakumo finally awakens. But the light inside him has faded, and when he speaks next, he declares that he won't do rakugo anymore. He also quits as president of the Rakugo Association, and gives Matsuda more free time. Why would Yakumo, whose life is bound to rakugo, want to stop doing it? Meanwhile, in search of a film taken of the previous Sukeroku, Higuchi takes Yotarou and Matsuda to Shikoku. There, they learn a truth about the two old storytellers...

The Uchikutei caught fire after the performance, and Yakumo, who was alone there, was badly burned. Though he has managed to survive, his comeback will be more difficult now. And that isn't the only disaster: Tokyo's last remaining rakugo theater has burned down. A dark cloud hangs over rakugo's future, but rakugo can continue as long as the people still exist. Yotaro believes this, and begins to work on behalf of the future of rakugo. And a big change comes over Konatsu, as well…

Hearing Yakumo's "Inokori" blasts the doubt from Yotarou's mind, and spurs his sudden rise to fame. Now, he himself is to perform that story in two months' time at a family show with Yakumo. Yakumo claims that he sees none of Yotarou himself in his rakugo, and that the character of Saheiji will be the key to unlocking his own "ego." Will Saheiji finally allow Yotarou to find his own rakugo?

As eras change, one thing remains rock solid. To Yotaro, that's Yakumo. After being inspired by the "Shinigami" he heard from him in prison, he decided he'd follow him anywhere. Those straightforward words lead Yakumo to talk about rakugo and his own death. Yotaro insists that if he wants to die in the theater, he needs to do rakugo again, and invites him to perform at the prison with him. Though Yakumo hesitates at first, he eventually decides to try doing rakugo for the sake of others. less

A small rakugo performance takes place at an inn in a hot springs town. As he performs, Sukeroku feels the warmth of the audience's love for rakugo, and remembers what it means to be a storyteller. Kikuhiko brings and insists Sukeroku wear the 7th Generation Yakumo's montsuki, and he performs the story "Shibahama." Time, which had stopped for Sukeroku and Kikuhiko, begins to move again... As it does for Miyokichi, as well.

Kikuhiko's tour with the 7th Generation Yakumo was a huge success. His master is satisfied with Kikuhiko's growth, and plans to promote him to shin'uchi soon. The problem is Sukeroku, whose behavior is forcing Yakumo to bend over backwards to get him promoted. Meanwhile, Sukeroku learns something surprising from Miyokichi: that Kikuhiko didn't even tell her about his trip. Her face is sad, but accustomed to heartbreak... and beautful.

Yakumo begins the story of the promise he made with Sukeroku. When he was young, he was taken in by the 7th generation Yakumo and named Kikuhiko. He met the young boy Sukeroku, a strange child who insisted on taking over the Yakumo name, with a natural talent for rakugo. He is given the stage name Hatsutaro, and although his personality is unconventional, and his rakugo is rough, he loves rakugo more than anything. Together wth his polar opposite, the reluctant Kikuhiko, they begin their days of training.

Kikuhiko and Hatsutaro, promoted to futatsume, left their master's house to live an impoverished life on their own. Ever since changing his name to Sukeroku, Hatsutaro's popularity has skyrocketed. Even Kikuhiko is shocked by his unwavering ability to make people laugh at difficult stories. Meanwhile, Kikuhiko is working to feed the both of them, so much so that he can't even get good training done. To cheer him up, his master introduces him to a geisha called Miyokichi...

After a performance, Sukeroku comes home drunk with girls on both arm. Work or play, he navigates all areas of life smoothly. Kikuhiko is annoyed with him, but he's also jealous of how easy he has things, while Kikuhiko himself struggles with practice for their play. Is he really cut out for rakugo? As he asks himself that question, Kikuhiko happens to run into Miyokichi, who leads him off with a mischievous grin...

After finding his own rakugo, Kikuhiko has become quite popular. Even when he's out with Miyokichi, rakugo is all he can think about. Meanwhile, Sukeroku is buoyed into arrogance by his own popularity. He takes on stories beyond his station, he picks fights with the masters... Sukeroku is dragging Kikuhiko around, complaining about the lectures he's receiving, when Miyokichi arrives to interrupt...

Kikuhiko is feeling better about himself after the success of the play, with the audience hanging on his every word and gesture. Sukeroku tells him that he had a similar experience during the war, and that ever since then, he decided that he would do rakugo for the people. He asks Kikuhiko what he's doing rakugo for, but Kikuhiko, who has always done rakugo to secure a place to live, has never even considered the question.

After their first performance, Kikuhiko sharply feels the difference in skill between himself and Hatsutaro. Hatsutaro recommends he try erotic stories, but Kikuhiko is struggling so hard just to memorize the beginner stories, he can't even begin to consider anything else. The fact that he has to go to school in the mornings causes the gap between him and Hatsutaro, who can spend the day learning rakugo, to grow wider. Even so, he gradually comes to love rakugo more and more, and to develop something of a normal life. But the shadow of the war approaches, tearing rakugo, love, and friendship apart...

For Kikuhiko, it's a time for goodbyes. To Sukeroku, with whom he shared the joys and frustrations of rakugo. To the woman who raised him as her own child. Men ask to be his apprentice, and he has so much media attention that he's sick of it... but the people most important to him keep leaving. To this struggling Kikuhiko, the Seventh Generation Yakumo tells the tale "Kowakare", as well as the story of his own sins. For it seems this is a cycle of karma from which they can never break free...