EXHIBIT 12



TOYS "R" US, INC. AND SUBSIDIARIES



Computation of Ratio of Earnings to Fixed Charges

for the Five Years Ended January 29, 2005

(Unaudited)

(In millions, except ratio data)



History Restated for Lease Accounting Impacts



|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|---------------------------------------------------------------- |  | ----------------- | ---- | - | ------------ | - | ---- | ----------- |  | - | ----------- | - |  | ----------- | ---- | - |  | - | ---- | -
|                                                                 |  | Fiscal Year Ended |     
|                                                                 |  | Jan. 29,2005      |      |   | Jan. 31,2004 |   |      | Feb. 1,2003 |  |   | Feb. 2,2002 |   |  | Feb. 3,2001 |     
|Consolidated pretax income (loss) from continuing operations     |  |                   | 194  |   |              |   | 93   |             |  |   | 332         |   |  |             | 98   |   |  |   | 613  |  
|Share of pretax income of less than 50%-owned companies          |  |                   | (23  | ) |              |   | (31  | )           |  |   | (29         | ) |  |             | (29  | ) |  |   | (31  | )
|Minority interest in ToysrusJapan (pre initial public offering) |  |                   | 0    |   |              |   | 0    |             |  |   | 0           |   |  |             | 0    |   |  |   | 1    |  
|Minority interest in Toysrus.com                                 |  |                   | (6   | ) |              |   | (8   | )           |  |   | (14         | ) |  |             | (22  | ) |  |   | (53  | )
|Interest                                                         |  |                   | 123  |   |              |   | 135  |             |  |   | 114         |   |  |             | 121  |   |  |   | 130  |  
|Interest capitalized during period                               |  |                   | (1   | ) |              |   | (1   | )           |  |   | (2          | ) |  |             | (4   | ) |  |   | (3   | )
|Amortization of debt issuance expense                            |  |                   | 6    |   |              |   | 7    |             |  |   | 7           |   |  |             | 5    |   |  |   | 3    |  
|Interest portion of rental expense                               |  |                   | 146  |   |              |   | 150  |             |  |   | 140         |   |  |             | 127  |   |  |   | 142  |  
|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|Adjusted income from continuing operations                       |  | $                 | 439  |   |              | $ | 345  |             |  | $ | 548         |   |  | $           | 296  |   |  | $ | 802  |  
|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|Fixed Charges:                                                   |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|Interest expensed and capitalized                                |  | $                 | 123  |   |              | $ | 135  |             |  | $ | 114         |   |  | $           | 121  |   |  | $ | 130  |  
|Amortization of debt issuance expense                            |  |                   | 6    |   |              |   | 7    |             |  |   | 7           |   |  |             | 5    |   |  |   | 3    |  
|Interest portion of rental expense                               |  |                   | 146  |   |              |   | 150  |             |  |   | 140         |   |  |             | 127  |   |  |   | 142  |  
|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|Total Fixed Charges                                              |  | $                 | 276  |   |              | $ | 292  |             |  | $ | 261         |   |  | $           | 253  |   |  | $ | 275  |  
|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  
|Ratio of Earnings to Fixed Charges                               |  |                   | 1.59 |   |              |   | 1.18 |             |  |   | 2.10        |   |  |             | 1.17 |   |  |   | 2.92 |  
|                                                                 |  |                   |      |   |              |   |      |             |  |   |             |   |  |             |      |   |  |   |      |  



The above computation of ratio of
earnings to fixed charges does not give pro forma effect to proposed debt financings to be entered into in connection with the proposed merger. See Item 1. BusinessConclusion of Strategic ReviewAgreement for Sale in the Company's Form
10-K for the fiscal year ended January 29, 2005 to which this Exhibit 12 relates.