1st round

• Yomiuri 5–0 Doshisha University
• NTT Shikoku 0–2 Seino Transportation
• Honda 2–0 Fujitsu
• Niigata Eleven 0–9 Fujita Industries
• Nissan Motors 3–1 Cosmo Oil
• Hitachi 1–0 Yamaha Motors
• TDK 1–10 Tokai University
• Hakodate Mazda 1–7 Furukawa Electric
• Mitsubishi Motors 1–0 NTT Kanto
• Sapporo University 0–3Toshiba
• Sumitomo Metals 5–0 Kyoto Sangyo University
• Osaka University of Commerce 1–1 (PK 4–5) Yanmar Diesel
• Mazda 3–0 JATCO
• Kawasaki Steel Mizushima 1–5 Toyota Motors
• Yawata Steel 0–2 Matsushita Electric
• Fukuoka University 0–2 Nippon Kokan

2nd round

• Yomiuri 3–0 Seino Transportation
• Honda 0–0 (PK 8–7) Fujita Industries
• Nissan Motors 4–0 Hitachi
• Tokai University 0–5 Furukawa Electric
• Mitsubishi Motors 0–1 Toshiba
• Sumitomo Metals 3–1 Yanmar Diesel
• Mazda 3–1 Toyota Motors
• Matsushita Electric 0–0 (PK 4–2) Nippon Kokan

Quarterfinals

• Yomiuri 1–1 (PK 4–2) Honda
• Nissan Motors 1–1 (PK 2–3) Furukawa Electric
• Toshiba 1–1 (PK 3–5) Sumitomo Metals
• Mazda 0–0 (PK 4–2) Matsushita Electric

Semifinals

• Yomiuri 0–0 (PK 4–2) Furukawa Electric
• Sumitomo Metals 1–2 Mazda

Final

• Yomiuri 2–0 Mazda

Yomiuri won the championship Excluded from the Asian Cup Winners' Cup 1988.