The 1986 Japanese Formula Two Championship was contested over 8 rounds. 12 teams, 19 drivers, 3 chassis, 3 engines, and 3 tires competed.
| Team | Driver | Chassis | Engine | Tyre | Rounds | ||
|---|---|---|---|---|---|---|---|
| Heros Racing | 1 |  Satoru Nakajima | March 86J | Honda | All | ||
| Hoshino Racing | 2 | Kazuyoshi Hoshino | March 86J | Honda | All | ||
| Speed Box Motor Sports | 3 |  Eje Elgh | March 86J | Yamaha | All | ||
| Speed Star Wheel Racing Team | 5 | Masahiro Hasemi | March 85J March 86J | Yamaha | All | ||
| 6 | Yoshiyasu Tachi | March 86J | All | ||||
| Takuya Racing | 7 |  Geoff Lees | March 85J March 86J | Yamaha | All | ||
| 11 | Aguri Suzuki | March 85J | 8 | ||||
| Team LeMans | 8 | Keiji Matsumoto | March 86J | Yamaha | All | ||
| 18 | Akio Morimoto | March 86J | 8 | ||||
| Team Nova | 9 |  Mike Thackwell | March 85J March 86J | Honda | All | ||
| Takeshi Project Racing | 10 | Hideshi Matsuda | March 85J | BMW | 1-2, 4-8 | ||
| Team Equipe | 12 | Kengo Nakamoto | Maurer MM81 | BMW | 1, 4 | ||
| Leyton House Racing | 16 | Akira Hagiwara | March 86J | Yamaha | 1 | ||
 Ivan Capelli | 5-6, 8 | ||||||
| Masanori Sekiya | 7 | ||||||
| Advan Sports Racing Team JPS Advan Advan Sports Shigeyama Racing | 24 | Kenji Takahashi | March 86J | Yamaha | All | ||
| 25 | Kunimitsu Takahashi | All | |||||
| 26 | Takao Wada | All | |||||
| Shimizu Racing | 33 | Masatomo Shimizu | March 85J | Yamaha | 1-2, 4, 7-8 |
| Date | Round | Circuit | Winning driver | Winning team | Winning car |
|---|---|---|---|---|---|
| 10/03/85 | Rd.1 | Keiji Matsumoto | Team LeMans | March-Yamaha 86J | |
| 20/04/86 | Rd.2 | Fuji | Geoff Lees | Takuya Racing | March-Yamaha 86J |
| 11/05/86 | Rd.3 | Mine | Keiji Matsumoto | Team LeMans | March-Yamaha 86J |
| 25/05/86 | Rd.4 | Satoru Nakajima | Heros Racing | March-Honda 86J | |
| 06/07/86 | Rd.5 | Kazuyoshi Hoshino | Hoshino Racing | March-Honda 86J | |
| 10/08/86 | Rd.6 | Fuji | Mike Thackwell | Team Nova | March-Honda 86J |
| 28/09/86 | Rd.7 | Kazuyoshi Hoshino | Hoshino Racing | March-Honda 86J | |
| 02/11/86 | Rd.8 | Kazuyoshi Hoshino | Hoshino Racing | March-Honda 86J | |
For every race points were awarded: 20 points to the winner, 15 for runner-up, 12 for third place, 10 for fourth place, 8 for fifth place, 6 for sixth place, 4 for seventh place, 3 for eighth place, 2 for ninth place and 1 for tenth place. No additional points were awarded. The best six results count. Five drivers had a point deduction, which are given in .
| Place | Name | Country | Team | Chassis | Engine | | | | | | | | | Total Points | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | 15 | 15 | (10) | 20 | 15 | 12 | 15 | (10) | 92 | ||||||
| 2 | - | 12 | - | 15 | 20 | - | 20 | 20 | 87 | ||||||
| 3 | - | 20 | 12 | 12 | 10 | 10 | (1) | 15 | 79 | ||||||
| 4 | 20 | 8 | 20 | 8 | 8 | 8 | - | - | 72 | ||||||
| 5 | 10 | (3) | 6 | (4) | 12 | 20 | 12 | 8 | 68 | ||||||
| 6 | 8 | (1) | 15 | 2 | 3 | (1) | 10 | 4 | 42 | ||||||
| 7 | - | - | - | - | 6 | 15 | - | 12 | 33 | ||||||
| 8 | 12 | 10 | 2 | 6 | - | 2 | - | - | 32 | ||||||
| 9 | 4 | 4 | 8 | - | 4 | 4 | 4 | (2) | 28 | ||||||
| 10 | 6 | - | 3 | 3 | 2 | - | 8 | - | 22 | ||||||
| 11 | - | 2 | - | 10 | - | 6 | - | 3 | 21 | ||||||
| 12 | - | 6 | 4 | 1 | 1 | 3 | - | 1 | 16 | ||||||
| 13 | - | - | - | - | - | - | 6 | - | 6 | ||||||
| 3 | - | - | - | - | - | 3 | - | 6 | |||||||
| - | - | - | - | - | - | - | 6 | 6 | |||||||
| 16 | 2 | - | - | - | - | - | 2 | - | 4 |