Unlockables
Shadow Fighting Mode

You need to unlock all game modes and Mizuki.
Unlockable ............. How to Unlock
Shadow Fighting Mode ... Beat time attack and survival with the rank of jonin.

Single Player Unlockables

Unlockable ............. How to Unlock
Background Music Player Unlocked after you get all characters and bought from shop for $10,000
Gallery Mode ........... Buy from shop for $6,000 after all characters are unlocked
Oboro Mode ............. After placing first in Survival mode and time attack mode, buy it from shop for $3,500
Team Battle ............ After placing 1st in survival mode, buy it from shop for $2,500
View Mode .............. After beating one player mode with any character, buy from the shop for $2,500

Unlock Characters

For the first set of characters to be available, you have to beat Story Mode. To get the second set of characters, you need to get first place in Time Attack and unlock
all the characters from the first set. To get the third set you need to place first in Survival and, unlock all the characters from the second set. To get the final two
characters, you must unlock all the previous characters and defeat the extra ten Story matches. They can all be bought in Anko's shop.
Unlockable ............. How to Unlock
Akamaru ................ 2,500
Crow/Karasu ............ 2,500
Haku ................... 3,000
Iruka .................. 2,000
Kankurou ............... 2,500
Kyuubi Naruto .......... 5,500
Might Guy/Gai .......... 3,500
Mizuki ................. 15,000
Neji Hyuuga ............ 2,000
Orochimaru ............. 50,000
Sharingan Kakashi ...... 7,500
Sharingan Sasuke ....... 100,000
Zabuza Momochi ......... 4,000

Easter Eggs
Fan bonus

If you have a save data of Naruto: Clash of Ninja (1) on your memory card, the shop will give you a bonus of 10,000 to start with.