1986 Emperor's Cup Final was the 66th final of the Emperor's Cup competition.
The final was played at National Stadium in Tokyo on January 1, 1987.
Yomiuri won the championship.
[1] Yomiuri won their 2nd title, by defeating Nippon Kokan 2–0.
Yomiuri was featured a squad consisting of Yasutaro Matsuki, Hisashi Kato, Ruy Ramos, Tetsuya Totsuka and Nobuhiro Takeda.