Gensai reports to the Retired Lord of Owari. Shintarō, Tonbei and Shūsaku are in the inn across the road. Tonbei teaches Shūsaku a technique to calm oneself, then apologises for teaching ninja skills. Shintarō replies, "I may fight against ninja but I don’t hate them. The ninja spirit has goodness in it." Nishina, a samurai with the convoy taking gold to Edo reports to Captain Shindo he has seen signal flares and fears the gold may be stolen. Shindo, who is a lazy drunkard, simply orders more sake for the men. The Retired Lord lures Shintarō away so Gensai and his men can steal the gold. However, Nishina investigates the flares, and encounters Tonbei who shows him his ID and explains about the Black Ninja. Shindo still won’t listen. Kakuzō the Hawk, disguised as a bearer in the convoy lures Nishina away while the robbery takes place. Shintarō and Tonbei hide in the storehouse where the gold is and dispatch the thieves. Shintarō kills Kakuzō. Prior to this Gensai has fled on horseback, almost running Tonbei down.
