J.League Cup winners Jubilo Iwata defeated Copa Sudamericana champions Independiente 4-2 in a penalty shoot-out to win the Suruga Bank Championship.
Former Japan international goalkeeper Yoshikatsu Kawaguchi stopped two shots and victory was sealed when Yoshiaki Fujita slammed home his spot-kick to secure the match.
It was Iwata's first international title since they won the Asian club championship in 1999, and came only after normal time ended in a 2-2 tie.
"This is a title won by everybody's hard work. I want to keep the momentum for the J.League. We took the lead and then went down, but our players played patiently to make it 2-2," said Kawaguchi.
Independiente took advantage of superior speed to largely control the game in the first half, but surrendered an own goal when midfielder Roberto Miguel Battion mis-cleared a free-kick hit by Yuichi Komano in the 11th minute.
Forward Facundo Manuel Parra's spectacular overhead shot was saved by Kawaguchi, but the visitors soon evened the score in the 33rd minute.
Hernan Gabriel Fredes delivered a corner and defender Maximiliano Nicolas Velazquez changed its course with a header, allowing Eduardo Nicolas Tuzzio to hit a sizzling right-footer from close range.
Independiente got off to a flying start in the second half when Parra beat Iwata's defenders to hit a shot that flashed past Kawaguchi into the net in the 48th minute.
But Iwata fought back, managing to overcome prolonged Argentinian pressure to tie the score when substitute forward Tomoyuki Arata struck home after a cross from the right in the 58th minute.
"I think they were a better team today. It was a good game and we went into a penalty shoot-out, but still I must admit that their accuracy was better," said Independiente coach Antonio Mohamed.
"We couldn't get into our own rhythm. That's the cause of our defeat. We couldn't cope with Jubilo Iwata's rhythm. Probably we rushed too much, because it was the final," he added.
Arsenal of Argentina defeated Gamba Osaka to win the inaugural 2008 championship, which pits the holders of the J.League Cup against the winners of the Copa Sudamericana.
Brazil's Internacional made it two in a row for South America, beating Oita Trinita in 2009 before FC Tokyo pulled one back for Japan last year, beating LDU de Quito of Ecuador.