In a village subsisting on it herring fishery, a one-eyed criminal named Jakoman terrorizes the inhabitants. One of them, the son of the head of one of the fish companies by the name of Tetsu, decides to overthrow Jakoman and his cohorts.

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.