I stumbled across the start of this series some time ago, later discovering the anime series that spawned this, Yami Shibai. Unlike Yami Shibai, who also takes a few minutes each episode to tell a short horror story, I'm afraid the premise gets in the way of the horror aspect. While the visuals work really well in delivering a creepy atmosphere, it's hard for the story to get too dark when the monsters are banished by the ninja-exorcists that the series focuses on. This has happened a couple of times in Yami Shibai too. Like in Ninja Collection where the horror is somewhat undercut by thepremise, one season of Yami Shibai focused on stories with really grotesque creatures that were so outlandish that it was hard to be scared anymore. They made up for it later with the next season having a theme of the ghost stories having quick live-action shots at the eeriest places for emphasis, something that worked a lot better.

I'll never undermine someone's creativity in giving this a shot, as the ghosts themselves were rather eerie and it was a fine time to be had each Sunday. However, it was just hard to get too scared with it.