In a raw material mixing step, toner raw materials containing polymerizable monomers, colorant, and a release agent are mixed. In an emulsifying step, the mixture is emulsified under pressure to obtain a polymerizable composition. In a cooling step, the polymerizable composition is cooled down. In a depressurizing step, the polymerizable composition cooled down is depressurized. The polymerizable composition thus obtained has the colorant and the release agent evenly and finely dispersed therein. In a polymerizing step, the polymerizable composition is subjected to polymerization reaction. Toner particles are thus obtained which have uniform final sizes and exhibit a sharp particle size distribution.