It was founded on December 18, 1974 by the Japanese Brazilian Sueo Matsubara to replace the local club Cambaraense, runner-up of the 1953 Paranaense championship.

[1] Matsubara plays its home matches at Regional de Cambará,[2] which has a maximum capacity of 15,000 people, and is owned by the Torcida Organizada Matsubara, which are an ultra group supporting the club.

[4] The club also plays at Café Stadium, which has a maximum capacity of approximately 45,000 people and is located in Londrina city.

[5] Matsubara owns a training ground called Vila Olímpica (Olympic Village).

[5] The club has worked hard to train its younger members, and has produced many professional athletes.