Makoto Yuki and his allies have grown through the bonds they have formed and partings they have experienced. Using the power of Persona, they continue to fight to put an end to the Dark Hour, in hope that there are peaceful days waiting for them at the end of the battle. However, as the season shifts to winter, memories from ten years ago resurface and a boy believed to be their friend warns the members of S.E.E.S. that "The Fall"— an event that will destroy all of humanity is near, leaving the group with a difficult choice to be made by New Year’s Eve.
