Critical Blow

A legend exists among the fighters and martial artists of this world, of a mysterious scarab badge that only the most elite warriors will earn. This badge, sent out by the mysterious Merkuar, is in fact an invitation to a dangerous tournament held in England, where the contestants fight for money, power, and glory. Now, a poor young fighter from Hong Kong named Rickey Leon has just received one of these badges.

Mobygames

The "Theater Mode" in this fighting game uses a NVL visual novel format and anime FMV to tell the story.