1st round

• Yamaha Motors 3–0 Toho Titanium
• Fujitsu 1–2 Matsushita Electric
• Cosmo Oil 2–1 Toshiba
• Aoyama Gakuin University 0–8 Honda
• Yomiuri 4–1 TDK
• Komazawa University 2–1 YKK
• Yanmar Diesel 8–1 Sapporo University
• Tsukuba University 0–2 Nissan Motors
• Mitsubishi Motors 1–0 Mazda
• Doshisha University 1–2 Sumitomo Metals
• Osaka University of Commerce 3–4 Yawata Steel
• Mitsubishi Chemical Kurosaki 1–5 Fujita Industries
• Furukawa Electric 1–0 Chuo Bohan
• Tanabe Pharmaceuticals 4–1 Teijin
• All Nippon Airways 5–0 Osaka University of Health and Sport Sciences
• Toyota Motors 1–0 NKK

2nd round

• Yamaha Motors 2–0 Matsushita Electric
• Cosmo Oil 0–2 Honda
• Yomiuri 3–0 Komazawa University
• Yanmar Diesel 0–1 Nissan Motors
• Mitsubishi Motors 1–2 Sumitomo Metals
• Yawata Steel 0–7 Fujita Industries
• Furukawa Electric 1–1 (PK 2–4) Tanabe Pharmaceuticals
• All Nippon Airways 3–1 Toyota Motors

Quarterfinals

• Yamaha Motors 2–0 Honda
• Yomiuri 1–1 (PK 2–3) Nissan Motors
• Sumitomo Metals 0–2 Fujita Industries
• Tanabe Pharmaceuticals 0–1 All Nippon Airways

Semifinals

• Yamaha Motors 0–1 Nissan Motors
• Fujita Industries 2–1 All Nippon Airways

Final

• Nissan Motors 3–1 Fujita Industries

Nissan Motors won the championship Excluded from the Asian Cup Winners' Cup 1989.