1986 Emperor's Cup

1st Round

• Furukawa Electric (withdrew) - Hyogo Teachers
• Teijin 0-1 Osaka Gas
• Yomiuri 3-1 Fukuoka University
• Yawata Steel 1-1 (PK 8-7) Hitachi
• Nissan Motors 3-0 Kawasaki Steel Mizushima
• NTT Kansai 0-4 Mazda
• Seino Transportation S.C. 3-2 Tanabe Pharmaceuticals
• Kochi University 0-3 Fujita Industries
• Honda 3-0 Kofu
• All Nippon Airways 3-1 Fujieda City Hall S.C.
• Matsushita Electric 1-1 (PK 3-1) Toyota Motors
• Toshiba 0-1 Yamaha Motors
• Mitsubishi Motors 4-2 Sapporo University
• Waseda University 0-1 Yanmar Diesel
• Kokushikan University 0-0 (PK 5-3) Akita City Hall
• F.C. Ueda Gentian 1-7 Nippon Kokan

2nd Round

• Hyogo Teachers 1-1 (PK 3-2) Osaka Gas
• Yomiuri 2-1 Yawata Steel
• Nissan Motors 2-0 Mazda
• Seino Transportation S.C. 0-2 Fujita Industries
• Honda 5-1 All Nippon Airways
• Matsushita Electric 0-2 Yamaha Motors
• Mitsubishi Motors 0-1 Yanmar Diesel
• Kokushikan University 1-6 Nippon Kokan

Quarterfinals

• Hyogo Teachers 0-5 Yomiuri
• Nissan Motors 2-0 Fujita Industries
• Honda 2-2 (PK 2-4) Yamaha Motors
• Yanmar Diesel 0-3 Nippon Kokan

Semifinals

• Yomiuri 1-1 (PK 4-3) Nissan Motors
• Yamaha Motors 0-1 Nippon Kokan

Final

• Yomiuri 2-1 Nippon Kokan

Yomiuri won the championship Excluded from the Asian Cup Winners Cup 1987.