A beautiful rose has thorns!.While investigating Kamoshida, Ren learns that his classmate, Ann Takamaki, is being blackmailed in order to keep her friend, Shiho Suzui, on the volleyball team. The next day, Shiho jumps off the school rooftop as a result of Kamoshida's abuse, and when Ren, Ryuji, and Yuuki Mishima confront him about this, he threatens to expel the three of them. Learning that Kamoshida can be reformed by making his Palace disappear, Ren and the others secure an infiltration route to Kamoshida's "Treasure". Ann, who had inadvertently followed the others inside, is encouraged by Ren to take revenge for Shiho and awakens her Persona, Carmen. In order to make Kamoshida's Treasure obtainable, the group send Kamoshida a calling card addressed from the "Phantom Thieves of Hearts".