1st round

• Fujita Industries 2–1 Osaka University of Health and Sport Sciences
• Tanabe Pharmaceuticals 3–1 Teijin
• Yanmar Diesel 3–0 Cosmo Oil
• Matsushita Electric 2–3 Mitsubishi Motors
• Yamaha Motors 2–0 Chuo University
• Nissei Resin 1–3 All Nippon Airways
• Kokushikan University 2–3 Toyota Motors
• Toshiba 1–2 Honda
• Nippon Kokan 3–0 Tsukuba University
• Sapporo University 0–2 Toho Titanium
• Hitachi 6–0 Fukushima
• Niigata Eleven 0–6 Nissan Motors
• Yomiuri 3–0 Seino Transportation
• Mazda 1–0 Sumitomo Metals
• Doshisha University 0–2 Yawata Steel
• Mitsubishi Chemical Kurosaki 0–9 Furukawa Electric

2nd round

• Fujita Industries 1–0 Tanabe Pharmaceuticals
• Yanmar Diesel 0–1 Mitsubishi Motors
• Yamaha Motors 1–0 All Nippon Airways
• Toyota Motors 2–1 Honda
• Nippon Kokan 3–1 Toho Titanium
• Hitachi 1–2 Nissan Motors
• Yomiuri 0–1 Mazda
• Yawata Steel 0–2 Furukawa Electric

Quarterfinals

• Fujita Industries 2–0 Mitsubishi Motors
• Yamaha Motors 1–2 Toyota Motors
• Nippon Kokan 2–2 (PK 2–3) Nissan Motors
• Mazda 2–1 Furukawa Electric

Semifinals

• Fujita Industries 2–0 Toyota Motors
• Nissan Motors 5–0 Mazda

Final

• Fujita Industries 0–2 Nissan Motors

Nissan Motors won the championship Excluded from the Asian Cup Winners' Cup 1986.