Until today, if someone asked you what the best looking Toyota from the past decade was, you’d have a tough time thinking something up. As of today, the answer is the FT-86 Concept, which is set to officially debut at the Tokyo Auto Show later this month.

The name FT-86 brings together Toyota’s past and future, with the “FT” coming from the FT-HS hybrid concept from a few years back, while the “86″ is donated from the AE-86, a small rear-drive, two-door Corolla-based sports car (called the Hachi-Roku), made famous by drifters.

Other than the design of the car (which is certainly impressive with plenty of Lexs LF-A inspired goodness), we don’t know a lot about the FT-86 concept yet.

What we do know is that it will be light weight, with “racecar-like handling” and be powered by a 2.0-liter boxer four-cylinder engine. While Toyota hasn’t said as much, this is most likely donated from the boxer-engine experts at Subaru – meaning that the FT-86 is the mysterious Toyobaru.

Toyota hasn’t said as much, but you can be certain this concept car is headed for production in the very near future.

GALLERY: Toyota FT-86 Concept

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Official release after the jump:

1. FT-86 Concept (world premiere)
The FT-86 (“86″ pronounced “hachi roku”), a compact rear-wheel-drive sports car, provides driving joy and excitement.

* Compact design gives driver greater control, while body’s lightness and low center of gravity allow racecar-like handling
* Both power and environmental performance provided by 2-liter boxer engine and light body
* Flash Red body color contains hint of blue; interior expresses modern feel with minimal coverage of the highly refined structural components evoking enthusiasm for cruising

Vehicle Length Width Height Wheelbase Seating
FT-86 Concept 4,160 mm 1,760 mm 1,260 mm 2,570 mm 4