This is simply the OAV summing up the major events and battles of "Initial D 4th Stage" much like the "Initial D Battle Stage" original summed up the first 3 seasons. Additionally, has 2 extra battles from the manga that were not incorporated into the original 4th Stage.
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(Source: Anime News Network)

Takumi Fujiwara and brothers Keisuke and Ryousuke Takahashi have formed "Project D," a racing team aimed at bringing their driving skills to their full potential outside their prefecture. Using the internet, Project D issues challenges to other racing teams and posts results of their races. Managed by Ryousuke, the team has Takumi engaging in downhill battles with his AE86, while Keisuke challenges opponents uphill. Among their rivals are the Seven-Star Leaf (SSR) and Todo-juku.

After defeating every racing team in the prefecture, everything comes down to one last race. Takumi Fujiwara has never lost a race, but when his opponent is also using an AE86, it turns into a battle of the AE86. Will Project D succeed in the final and most difficult race of Initial D?

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Tomoyuki Tachi