Ohyaku is a grifter who falls in love with a thief, who recruits her for his plan to rob a shipment of government gold. When this plan goes wrong and Ohyaku ends up in prison, she resolves to do anything to escape and claim revenge on the ones who betrayed her and her lover.

This film focuses on Okatsu; the adopted daughter of a master swordsman. She is a master with a sword herself and her talents far overshadow that of her brother, and real child of the man who adopted her. Her brother unfortunately has a gambling habit, and it plunges the family into trouble when he loses a lot of money in a crooked dice game. After releasing he is unable to pay the debt he owes; the blame is shouldered by the father, who is killed, leading Okatsu on a path of revenge.

Okatsu the Fugitive is the third film in the "Ohyaku/Okatsu" series. Okatsu; a "tomboy" who is good with a sword. Her father has found her a man to marry and actually she doesn't seem too upset about the situation. At the same time, a bunch of farmers are being slaughtered by a corrupt group running a tobacco smuggling ring. They're being investigated by a man who is documenting their crimes and when they find out about it, they torture him for information but get none. It's not long before he and Okatsu's mother wind up dead and she sets out for revenge.