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32 players were invited from the following countries/regions:
- 10 from Japan
- 7 from China
- 7 from South Korea
- 1 from Chinese Taipei
- 3 from Europe
- 2 from North America
- 3 from the rest of Asia/Oceania/Africa
- 1 from South America
The tournament was held every 2 years. The first rounds were knockouts, and the final match is a best-of-three. The winner's purse is 30,000,000 Yen ($285,000) and a new Toyota car that is worth almost 10,000,000 Yen ($95,000).
As of June 16, 2009, the Nihon Ki-in has confirmed that the Toyota & Denso Cup World Go Oza has been canceled by the sponsors.
Winners & runners-up
|2002-2003||Lee Chang-ho||1–0||Chang Hao|
|2008-2009||Gu Li||2–0||Piao Wenyao|
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