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The team plans their infiltration of Madarame's museum to save Yusuke.

Morgana trips a security laser in the museum, forcing Joker to find a switch.

The team is trapped by lasers and decides to return to the real world to open a corresponding door.

The team formulates a plan to open Madarame's secret room by using Ann as a decoy.

Ann attempts to seduce Yusuke to gain access to Madarame's locked room.

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Ryuji worries about Ann's plan while they wait for her signal.

Ann's acting convinces Yusuke to take her to the locked room just as Madarame arrives home.

The lasers are disabled, and the team enters the Palace.

In the secret room, Madarame confesses to Yusuke that he sells counterfeit art and exploits his pupils.

The team flees the real world and enters the Palace, where Yusuke learns the terrible truth.

Shadow Madarame boasts about his crimes, leading Yusuke to awaken to his Persona.

Yusuke awakens to his Persona, Goemon, and joins the fight.

Yusuke confronts Shadow Madarame and learns the truth about his mother's painting, the 'Sayuri'.

Yusuke joins the Phantom Thieves after the battle, and the team decides to target Madarame.

The team discusses how Madarame's Treasure will manifest and plans the calling card.

The team decides that Ryuji and Yusuke will collaborate on creating the calling card.

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The team infiltrates the museum again to deliver the calling card, which is placed in Madarame's villa.

The team chooses 'Fox' as Yusuke's code name.

Madarame receives the calling card and becomes enraged, while Yusuke confirms his resolve.

The protagonist is arrested by the police and brought in for questioning by Sae.

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The team confronts Shadow Madarame, who reveals the tragic truth behind the 'Sayuri' painting.

Shadow Madarame transforms into a giant painting and attacks the team.

The team defeats Shadow Madarame, who confesses his crimes and mentions a mysterious intruder in a black mask.

The team escapes the collapsing Palace, and Yusuke bids a final farewell to Madarame's Shadow.

The team discusses Madarame's confession and the identity of the 'Sayuri', while Yusuke accepts his past.

The SIU Director discusses the Phantom Thieves and their growing influence.

Yusuke calls to report that Madarame's change of heart has occurred without a mental shutdown.

Morgana expresses his own desire to regain his human form and memories.

The team discovers that Mementos has expanded after Madarame's defeat.

Igor warns the protagonist about the existence of another Metaverse user.

Madarame holds a press conference, confessing his crimes and bringing more fame to the Phantom Thieves.

Ryuji and Ann discuss the Madarame incident's publicity and are confronted by police officers.

Sae interrogates the protagonist about the Phantom Thieves' actions, including their involvement with Madarame and a new member.

Newscaster reports the suspect's amnesia, while Sae and the SIU Director discuss the Phantom Thieves and political pressures.

Makoto confronts the Principal about ignoring Kamoshida's sexual harassment, but he deflects, demanding results on the Phantom Thieves.

Students discuss Madarame as Ann, Ryuji, and Morgana plan their school trip destination.

Students notice a notice from Principal Kobayakawa asking for information, with the Student Council President as the point of contact.

Student Council members discuss anonymous reports of threats and blackmail, suspecting it connects to Shibuya crimes.

Principal Kobayakawa pressures Makoto to investigate the criminal organization targeting students, framing it as a way to find the Phantom Thieves.

During a TV station tour, Ryuji and Ann are bored until an AD forces Ryuji to do manual labor, causing him to complain about the exploitation.

Ryuji vents about manual labor, but the mood lifts as they plan to visit Dome Town, where they meet the high school detective Goro Akechi.

Ryuji feels sick from the rides and Ann suggests pancakes, but Morgana wants to go home.

Akechi criticizes the Phantom Thieves on TV, and later confronts the protagonist, expressing interest in their strong opinions.

Students gossip about Principal Kobayakawa and Niijima-senpai's involvement in Kamoshida's scandal.

Ann and Ryuji debate the Phantom Thieves' effectiveness against corruption, while Makoto confronts them, leading to a tense argument about helping Shiho.

Yusuke reports public backlash against the Thieves, while the group struggles to find a new target and decides to throw a welcome party at Leblanc.

Ann, Ryuji, and Yusuke visit Leblanc, where Sojiro treats them to coffee and allows them to use the attic.

The group discusses Akechi's negative influence and the lack of targets, ultimately deciding to shop for a hot pot party.

After the hot pot, Ryuji, Yusuke, and Morgana share personal stories about their pasts and traumas, solidifying their bond.

Ryuji recounts his assault accusation for hitting Kamoshida, and the group vows to fight for justice for the labeled and weak.

A drunk man harasses a woman, dismissing the protagonist, until police arrive and intimidate the victim into silence.

The drunk man orders the police to frame the protagonist for assault, and the victim, coerced, confirms the false story.

Sae and Makoto watch Akechi on TV; Sae agrees with his anti-Phantom Thieves stance, but Makoto questions it, pondering justice.

Ryuji and Yusuke discuss Ann and the need for a new target, while Ryuji gets agitated by the hot bath.

Igor notes the protagonist's bonds with outcasts, calling them 'picaresque' and promising strength for rehabilitation.

Akechi questions Makoto about commonalities in the cases, revealing he views the Phantom Thieves as a rival and suspects Makoto.

Yusuke decides to return to the dorms to understand people better, leaving his painting 'Sayuri' with Sojiro.

Yusuke leaves a note and his painting, telling Sojiro he is returning to the dorms to better understand people for his art.

Makoto blackmails the protagonist with a recording, demanding to be taken to the Phantom Thieves' hideout.

Makoto forces the team to help her investigate a criminal organization targeting students.

The team decides to cooperate with Makoto's demands to avoid being exposed.

Makoto reveals their target is a mafia boss operating in Shibuya, known as Kaneshiro.

The team splits up to gather information on Kaneshiro and his criminal organization.

Sae is shocked to learn Makoto was investigating the Phantom Thieves, suspecting the protagonist is trying to upset her.

Principal Kobayakawa pressures Makoto to resolve the student victim issue.

The team learns from a victim how Kaneshiro's organization lures and blackmails students.

The Phantom Thieves gather on the school roof and split up to search for the criminals threatening students.

Makoto and the protagonist encounter a member of Kaneshiro's organization in Shibuya.

The team decides to contact the journalist, Ohya, for information on Shibuya's underworld.

Sae warns Makoto about rumors of girls being blackmailed into illegal work, urging her to focus on her studies.

Makoto reassures a panicked student, Iida, that she is investigating the blackmail case and will protect him.

The protagonist prepares to meet Ohya at a bar in Shinjuku.

The protagonist and Ryuji travel to Shinjuku to meet Ohya.

The protagonist meets Ohya, who agrees to help in exchange for information on the Phantom Thieves.

The team discovers Kaneshiro's Palace keyword is 'Shibuya' and 'Bank'.

The team enters Kaneshiro's Palace, which is a distorted version of Shibuya where people are treated as ATMs.

The team discovers Kaneshiro's Palace is a floating bank and they have no way to reach it.

The team discusses their next move regarding Kaneshiro.

Makoto has a tense dinner with Sae, who is stressed about her career and the Phantom Thieves case.

The team is stuck on how to enter Kaneshiro's Palace until Makoto has a desperate idea.

Makoto calls Kaneshiro's men, provocatively challenging them to a meeting.

Makoto is kidnapped by Kaneshiro's men and taken to his location.

Makoto confronts Kaneshiro in his limo, demanding he stop blackmailing students.

The team frantically chases after Makoto's car in a taxi.

The team arrives at Kaneshiro's hideout, where he blackmails them all for three million yen.

The team escapes and discusses their situation, realizing they have become Kaneshiro's 'customers'.

The team enters Kaneshiro's Palace with Makoto, who can now enter as a 'customer'.

Makoto explains her plan to enter the bank as an honorary customer while the group navigates the area.

The team bypasses the front gate of the bank by using Makoto's status as a customer.

Shadow Kaneshiro appears and reveals his twisted view of people as mere sources of money.

Shadow Kaneshiro mocks the team and prepares to eliminate them.

Makoto awakens to her Persona, Johanna, and joins the fight.

The team escapes from the guards and prepares to continue their infiltration.

The team celebrates Makoto's awakening and discusses their next steps.

Morgana reflects on his own nature and the team's growth.

Makoto and Ann reconcile and strengthen their friendship.

The team discusses the upcoming infiltration and Makoto's leadership role.

The team finds a keycard and a map in a monitoring room, locating the Treasure's likely location.

The team finds a journal with a code, which Makoto solves to find the final area.

The team discovers a massive vault room and Makoto deduces the location of the real Treasure.

The team plans how to deliver the calling card to the elusive Kaneshiro.

A calling card is delivered to Kaneshiro, who threatens his men in response.

The protagonist is arrested again, this time for coercion and blackmail related to the Phantom Thieves.

The team confronts Shadow Kaneshiro in the final vault, where he reveals his belief that money is everything.

The battle against Shadow Kaneshiro begins.

Shadow Kaneshiro is defeated and confesses, also mentioning the mysterious 'black mask' user and mental shutdowns.

The team escapes the collapsing Palace and ends up in the real world with Kaneshiro's Treasure.

The team discovers the Treasure is a briefcase full of fake 'Children's Bank' money, but decide to sell the case.

The SIU Director discusses the Phantom Thieves and the Okumura case.

Makoto reports that Kaneshiro has been arrested and his blackmail materials destroyed.

Morgana worries about his lost memories and his identity, with the protagonist comforting him.

The team discovers Mementos has expanded again after Kaneshiro's defeat.

Sae discusses the Phantom Thieves case and her doubts about their methods.

Akechi expresses frustration over the Phantom Thieves' growing popularity.

Igor warns the protagonist again about the other Metaverse user and grants a new ability.

The team celebrates their victory, but Makoto reminds them of their school responsibilities.

Makoto stands up to Principal Kobayakawa, refusing to continue her investigation.

Makoto discusses her future with Sae, feeling conflicted about her path.

Sae begins to seriously consider the protagonist's story about the Metaverse.

The public is divided on the Phantom Thieves as a politician, Masayoshi Shido, speaks out against them.

The SIU Director discusses a plan to use the Phantom Thieves' fame against them.

The team gathers at Leblanc to study for exams, discussing their future plans.

A mysterious girl observes the team after they decide to go to a fireworks festival.

The hacker group Medjed challenges the Phantom Thieves, and Akechi comments on the situation.

Igor tells the protagonist they will face formidable enemies and must hone their power.

The team receives an anonymous message from someone claiming to be 'Alibaba'.

A mysterious girl laughs, seeing the team's struggle with the Medjed challenge.

Sae confronts Sojiro about the Phantom Thieves, but he refuses to talk.

The protagonist receives more anonymous messages from 'Alibaba' but cannot reply.

The news covers Medjed's challenge to the Phantom Thieves.

The team realizes they are being contacted by a hacker and decides to meet at Leblanc.

The team discusses the hacker 'Alibaba' and their need for information.

The school announces an emergency assembly about the Phantom Thieves and student safety.

The team discusses their plans for the summer, but their plans are rained out.

The team takes shelter from the rain, feeling frustrated about their canceled plans.

The team discusses Medjed's threat and the anonymous hacker's demands.

Morgana informs the protagonist that Ryuji has run off after being threatened by a hacker named Futaba Sakura.

Morgana alerts the protagonist to a phone call.

The team learns the hacker's target is Futaba Sakura, who is Sojiro's daughter.

A mysterious girl laughs, plotting something.

The protagonist questions Sojiro about Futaba, who reacts defensively.

Ryuji and Morgana discuss investigating Futaba Sakura through the neighborhood, noting she must be connected to Sojiro.

Sae threatens Sojiro with losing custody of Futaba over abuse suspicions, forcing him to cooperate with the investigation.

Morgana advises the protagonist to message the team about Sojiro's confrontation with Sae.

The team discusses Sojiro's abuse accusations and Alibaba's cryptic messages, concluding Alibaba is likely Futaba herself.

Over sushi, Makoto questions Sojiro's character regarding Futaba, while Ryuji slips up and mentions the Phantom Thieves.

Sae and Akechi discuss the Phantom Thieves, with Akechi suggesting they are a threat to society and Sae ordering him to stop them.

Akechi meets the group, analyzes the Phantom Thieves' profile, and hints he suspects the protagonist, while Medjed declares war.

The group deduces Alibaba is Futaba and decides to visit Sojiro's house to get keywords, despite the risks.

Makoto and the group find Sojiro's door unlocked and hear screams from inside, prompting them to enter.

Inside Sojiro's house, the group is terrified by a screaming presence, leading to a confrontation with a returning Sojiro.

Sojiro catches the group in his house, but after Ann explains they brought food, he agrees to talk at the cafe about his daughter, Futaba.

Sojiro reveals Futaba's mother committed suicide in front of her, leaving Futaba with guilt and hallucinations, causing her to become a shut-in.

Sae listens to the testimony about Futaba, finding it credible, and demands to know how the Phantom Thieves handled Medjed.

The group decides to investigate Futaba's Palace, realizing she has one, while Morgana is absent gathering intel.

Morgana returns with intel that Alibaba is a young girl, likely Futaba, and confirms she is essential for fighting Medjed.

The team decides to enter Futaba's Palace to help her and gain her aid against Medjed, despite Morgana's warnings about the risks.

The team decides to sneak into Futaba's room to get keywords, noting Sojiro is currently at work.

The team discovers Futaba's Palace keyword is 'Tomb' and enters the Metaverse.

The team begins climbing a giant pyramid, Futaba's Palace.

The team discusses the symbolism of the pyramid and the 'reviving the dead' concept.

The team reaffirms their decision to help Futaba, despite the risks.

The team enters the desert around the pyramid, noting their clothes haven't changed.

The team is chased by a giant rolling boulder trap inside the Palace.

The team discusses the heat inside the pyramid and the Palace's design.

The team meets Shadow Futaba, who appears as a queen and immediately confesses to killing her mother.

The team is trapped in quicksand and attacked by cognitive beings while Futaba suffers a breakdown.

Futaba collapses in the real world, haunted by her guilt and memories.

The team escapes the quicksand trap and discusses the danger of the Palace.

The team is hunted by more traps and enemies within the pyramid.

The team sets a deadline to save Futaba before Medjed's threat and moves their hideout to Leblanc.

The protagonist is arrested once more, this time for coercion and blackmail.

The team discusses how to open the final door in the Palace, which requires Futaba's permission.

The team convinces Futaba to open her room door, allowing them to enter her personal space in the Metaverse.

The team plans how to get Futaba to open her door, deciding to be direct with her.

Futaba, in the real world, uses the Nav and enters her own Palace.

Inside her Palace, Futaba's Shadow confronts her and urges her to face the truth.

The team reaches the Treasure room, a sarcophagus.

A giant Sphinx, a cognitive being, awakens to guard the Treasure.