Dead or Alive Ultimate Cheats

On a level where you can knock opponents off an edge (not stairs) perform any version of the Izuna drop (hold or counter hold) next to the edge. If you pull off the whole thing, there is a chance you might do the move off the edge. This does massive damage, depending on the height of the fall, it can take off a half of a full health bar. (Too bad it's harder to pull off the Izuna drop in DOA Ultimate than in DOA 3).

Beat the game on normal difficulty with Ein

In the fireworks stage, you can see either Katsumi or Ayane in the fireworks. It can take a few minutes to happen.

Increase Bouncing:
Increase how 'bouncy' the girls are by going to the settings and entering your age as 99.
Unlock Hair Styles:
To alter hair styles press White or Black when selecting characters.
Change Arenas:
Press X or BLACK while selecting a stage to alter the arena.

Unlock Hitomi:
To unlock Hitomi, have a DOA 3 save on the Xbox and beat story mode on normal with Ein.
Unlock Tengu:
On any difficulty beat Story mode once with each character.
Unlock Bayman:
With Leon on Normal beat the Story mode to unlock Bayman.

To make Tengu playable in DOA 2 Ultimate, complete Story Mode on Easy with all 12 selectable characters.

While playing in survival, if you punch or kick your opponent while they are lying on the ground, they will drop a collection item.

After winning a round, but before the replay screen shows, hold DOWN the Hold and Kick buttons. There will be a fast forward and Rewind icons on the bottom left of the screen. By holding DOWN the Kick button, you rewind the video. While not holding the Kick button DOWN, you allow the replay to playing.