"I've got nothing, so I'm going there." Former small-time crook Yotaro has never forgotten the rakugo tale "Shinigami" that the great artist Yurakutei Yakumo performed to him in prison. After his release, he goes right to Yakumo's theater, and pleads to be made his apprentice. He's accepted, but quckly finds himself dealing with many strange twists in the world of rakugo, including a growing bond with Yakumo's ward, Konatsu, and reminders from his own inescapable past.

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.

After ten years' apprenticeship to the eight generation Yakumo, Yotarou has finally achieved the rank of shin'uchi and taken on the name "Sukeroku," after his master's fellow student and Konatsu's father. Things appear to be smooth sailing at first, but complications soon arise. Between rakugo's fading legacy and Yotarou's concerns about single mother Konatsu, can the third generation Sukeroku bear up under the burden he has taken on?

A magazine has exposed Yotarou's past as a former convict and member of the yakuza, plunging the rakugo world into scandal and sullying Yotarou's name. Although he continues performing as if nothing has happened, his growing desperation is coming out in his performance. He loses TV appearances, and the customers in the theaters have begun to turn on him, as well. But Yotarou's insecurities seem to come from more than just the scandal...