Yu Narukami’s first day in a new school is overshadowed by the murder of a TV hostess on campus. Even stranger is the portal he discovers in TV screens, which throws him and his new friends into a nightmare world infested by fog and monsters.

The strange deaths continue, with the most recent victim discovered hanging from a telephone pole. Yu, Chie, and Yosuke begin piecing things together and determine that these grisly murders are connected to that other world inside the TV. Yu and Yosuke decide to go back in, much to Chie's disapporval. Once more will the two boys venture into the unknown, with rope at waist, and fear in Yosuke's heart.

This battle is not like the ones before.

Time for some R&R. While out on a school field trip, Yu and Yosuke learn the true meaning of fear: Yukiko and Chie's cooking! Later, Kanji must prove to the boys that he's a ladies man...by any means necessary.

With the culprit of the Inaba murders well within their sights, Yu and the rest experience a series of interweaving flashbacks, flash-forwards, and side flashes that come together with a horrible conclusion.

What's the best part of taking a school trip with friends? FREE TIME! Everyone's together and ready to party! With the "juice" flowing in the VIP and excitement in the air, a King's Game is in order, and whatever the King (or Queen) says...

At the Dojima househould, Dojima has made coffee for the family, something he has done since before his wife passed away, when he suddenly gets a call from Adachi that there has been an accident. He leaves them, even though Nanako has just asked him to read her a bedtime story. In the patrol car, Adachi comments on how the accident was at the Samegawa flood plains, the and the case is similar to that of Dojima's wife's death. The next day, Yu accidentally cuts himself while preparing lunch, and while looking for a bandage he comes across a photo Dojima, Nanako, and her mother. Nanako says that Dojima hid all the photos of her mother after she passed away and wonders if she can keep the photo; Yu promises to ask Dojima if she can.

Teddie is in the Velvet Room where he reveals that he has discovered he is only a Shadow, but one that has acquired human emotions. He asks Yu to say goodbye to Nanako for him when he goes to Heaven, but Yu speaks to him and tells him Nanako is alive and well. At the Aiya diner, Naoto realizes the culprit must be someone close to them and thinks to bring it up to the group, but Yu plans on going to the hospital. Yosuke accompanies him, but first tells Yu that he is upset that he is both jealous and proud of how Yu has made friends, despite being from the city like him and getting his Persona. He then says the only way he will feel better is if they become equals if they had a fight, to let out all of their pent up emotions. At the diner, Naoto has just revealed her suspect to the others, and Yukiko remembers seeing him at the inn while Mayumi Yamano was staying there, and Chie determines that he would have also spoken to Saki Konishi.

Yu and his friends confront the true culprit behind the Midnight Channel events and uncover the truth behind the mysteries surrounding Inaba.