Hikaru Shindō is just a normal 12-year-old boy, but one day he's rummaging through his grandfather's things to see if he can find something to sell and pulls out an old go board. A ghostly apparition appears out of the board and tells Hikaru his sad story. His name is Fujiwara no Sai, a man who was a go instructor to the emperor of Japan a thousand years ago. However, because of the bad sportsmanship of his opponent during a game, Sai was accused of cheating and banished from the city. With no livelihood or any other reason to live, Sai committed suicide by drowning himself. Now, he haunts a go board, and wants to accomplish the perfect go game, called the "Hand of God" which he hopes to do through Hikaru. If Hikaru will be able to do it or not (or even wants to) will have to be seen.

故事发生在一座名为堕天城的城市之中，它夹在天堂和地狱之间，是一座充满了危险和奇遇的城市。近日来，城市里出现了邪恶的恶灵，他们依靠袭击市民们为生，这令市民们人心惶惶人人自危。
Panty（小笠原亚里沙 配音）和Stocking（伊濑茉莉也 配音）本是两位天使，却因为他们桀骜不驯的作风而被逐出了天堂，来到了堕天城。在这里，姐妹两人遇见了名为Garterbelt（石井康嗣 配音）的神父，在这位拥有着神秘过去的神父的带领下，Panty和Stocking成为了恶灵狩猎者，通过狩猎恶灵得到天堂金币，当天堂金币积攒到了一定的数量之时，Panty和Stocking便可以借此重新返回天堂。就这样，两人在堕天城的日常就此拉开了序幕。