The class folded after the 2007 season when it was effectively replaced by the Formula Challenge Japan.

The championships last race was on November 25, 2007 at Fuji International Speedway.

The race was won by Italian-Japanese driver Kei Cozzolino.

The series folded after the creation of the Formula Challenge Japan.

Nissan, Honda and Toyota joined forces and created this racing class in 2006.