The oxygen consumption and nutritional condition of ayu (Plecoglossus altivelis) larvae under a fasting condition were investigated by the use of the larvae from immediately after hatching (Day 0) until 62 days after hatching (Day 62). In the fasting condition, 50% or more of the larvae at each growth stage survived for 3 to 6 days. During the fasting period, the fasted larvae often showed significantly higher oxygen consumption rates per dry body weight (OCR) for one or two days (the larvae groups fasted from Day 0, 5, 10, 15, 20, 25, and Day 45) and 7 days (Day 55 group) than those before fasting, while the fasted larvae in the Day 5, 40, and Day 50 groups exhibited significantly lower OCRs for one to three days than those before fasting. There were no significant differences in the carbon to nitrogen ratio (C/N ratio) between the larvae before fasting and the live larvae on the last fasting day in any group except the Day 55 group. The moribund larvae exhibited significantly lower (Day 10 and 15 groups) and higher (Day 50 group) C/N ratios than the larvae before fasting. Decrease in glycogen in the liver, atrophy of liver cells, and marked necrosis of the pancreas and the skeletal muscle were observed in the fasted larvae.