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- Characters Introduced: None
- Locations Introduced: None
- Techniques Introduced: None
- Mentioned Boxers: Watanabe Jirou
- Title Page Character(s): Makunouchi Ippo, Kamogawa Genji, Sendou Takeshi, Shigeta Akira
The first round end with a dominant performance from the challenger, who causes the champion great frustration. While Sendou states that he can not let the humiliation go lightly, Shigeta states to his second that both Ippo and Sendou have strength but nothing else.
The second round begins and Sendou begins to notice the abnormal strength of Shigeta's "non-dominant arm" (which Kamogawa hinted at Ippo earlier). As Sendou falters, Shigeta goes for the finish, but is received by a body blow that sends him back before the champion attempts a one-hit knockout. Shigeta counters with a hook that causes Sendou's legs to shake and clinch for the first time. As Ippo is in the disbelief at the sight of Sendou clinching, the latter is irritated at his opponents taunts ("Is this all you've got?"). Extremely upset, Sendou wildly swings at his opponent with no success, and is cornered by the challenger (who as explained by Kamogawa, is actually a right-handed boxer who has adapted the southpaw stance), who makes a victory pose as the bell marks the end of the round. Overwhelmed by emotions, Sendou is unable to react, and slowly walks to his corner.