The Lord Derby Challenge Trophy (Japanese ダービー卿チャレンジトロフィー) is a Grade 3 horse race for Thoroughbreds aged four and over, run in March over a distance of 1600 metres on turf at Nakayama Racecourse.

[1] It was first run in 1969 and has held Grade 3 status since 1984.

The race was run at Tokyo Racecourse until 1980 and was run over 1800 metres until 1979.