Having watched the first three films (Tomie, Tomie: Replay, and this, Tomie: Re-birth), I can say this is far and away the most accessible and interesting of the group.
For sure, this movie is, like the others, almost glacially paced, but those with the attention spans for it will be rewarded.
It's hard to describe the plot, but it essentially revolves around the effect that the title character - Tomie, the girl who can't die - has on the people around her. Tomie "enchants" men in so much as they become powerless, madly in love with her, to the point where they kill her, and she is reborn.
But the character is so much more complex than that, and this iteration of the series makes her the most accessible and expands her well beyond what the previous films had.
For sure, this is horror, but it's more psychological than anything. There are gruesome scenes, but the whole film is effective because the characters are rich and deep and interesting. While the first two films focused almost entirely on the effects Tomie had on the men she encountered, this one expands beyond that, touching on family and friends, and even deigns to show us what happens when a man resists her charms.
It isn't enough that it's a solid horror film, but the quality of writing on display is outstanding and puts it on par with other classics like Ring and Kairo. This is a matured Tomie film - not dull like the first or overtly Americanized like the second - but raw and intelligent.
Absolute must see.