It was contested by 32 teams, and Yomiuri won the championship.
Furukawa Electric (withdrew) - Hyogo TeachersTeijin 0-1 Osaka GasYomiuri 3-1 Fukuoka UniversityYawata Steel 1-1 (PK 8-7) HitachiNissan Motors 3-0 Kawasaki Steel MizushimaNTT Kansai 0-4 MazdaSeino Transportation S.C. 3-2 Tanabe PharmaceuticalsKochi University 0-3 Fujita IndustriesHonda 3-0 KofuAll Nippon Airways 3-1 Fujieda City Hall S.C.Matsushita Electric 1-1 (PK 3-1) Toyota MotorsToshiba 0-1 Yamaha MotorsMitsubishi Motors 4-2 Sapporo UniversityWaseda University 0-1 Yanmar DieselKokushikan University 0-0 (PK 5-3) Akita City HallF.C. Ueda Gentian 1-7 Nippon KokanHyogo Teachers 1-1 (PK 3-2) Osaka GasYomiuri 2-1 Yawata SteelNissan Motors 2-0 MazdaSeino Transportation S.C. 0-2 Fujita IndustriesHonda 5-1 All Nippon AirwaysMatsushita Electric 0-2 Yamaha MotorsMitsubishi Motors 0-1 Yanmar DieselKokushikan University 1-6 Nippon KokanHyogo Teachers 0-5 YomiuriNissan Motors 2-0 Fujita IndustriesHonda 2-2 (PK 2-4) Yamaha MotorsYanmar Diesel 0-3 Nippon KokanYomiuri 1-1 (PK 4-3) Nissan MotorsYamaha Motors 0-1 Nippon KokanYomiuri - Nippon KokanYomiuri won the championship Excluded from the Asian Cup Winners Cup 1987.