Exhibit 12



TOYS R US, INC. AND SUBSIDIARIES



Computation of Ratio of Earnings to Fixed Charges

for the Five Years Ended January 31, 2004

(Unaudited)

(In millions, except ratio data)



|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|------------------------------------------------------- |  | ----------------- | ---- | - | ----------- | - | ---- | ----------- |  | - | ----------- | - |  | ------------ | ---- | - |  | - | ---- | -
|                                                        |  | Fiscal Year Ended |     
|                                                        |  | Jan. 31, 2004     |      |   | Feb. 1,2003 |   |      | Feb. 2,2002 |  |   | Feb. 3,2001 |   |  | Jan. 29,2000 |     
|Ratio of Earnings to Fixed Charges:                     |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|                                                        |  |                   |      |   |            
|Earnings:                                               |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Earnings before income taxes                            |  | $                 | 138  |   |             | $ | 361  |             |  | $ | 91          |   |  | $            | 637  |   |  | $ | 439  |  
|Fixed charges                                           |  |                   | 289  |   |             |   | 258  |             |  |   | 253         |   |  |              | 275  |   |  |   | 269  |  
|Interest capitalized during period                      |  |                   |     |   |             |   | (1   | )           |  |   | (4          | ) |  |              | (3   | ) |  |   | (2   | )
|Share of pre-tax income from investment in Toys  Japan |  |                   | (32  | ) |             |   | (30  | )           |  |   | (29         | ) |  |              | (31  | ) |  |   |     |  
|Minority interest                                       |  |                   | (8   | ) |             |   | (14  | )           |  |   | (22         | ) |  |              | (52  | ) |  |   | 10   |  
|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Earnings before income taxes and fixed charges          |  | $                 | 387  |   |             | $ | 574  |             |  | $ | 289         |   |  | $            | 826  |   |  | $ | 716  |  
|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Fixed Charges:                                          |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Interest expensed and capitalized                       |  | $                 | 135  |   |             | $ | 114  |             |  | $ | 121         |   |  | $            | 130  |   |  | $ | 93   |  
|Amortization of debt issuance costs                     |  |                   | 7    |   |             |   | 7    |             |  |   | 5           |   |  |              | 3    |   |  |   | 5    |  
|Interest portion of rental expense                      |  |                   | 147  |   |             |   | 137  |             |  |   | 127         |   |  |              | 142  |   |  |   | 171  |  
|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Total fixed charges                                     |  | $                 | 289  |   |             | $ | 258  |             |  | $ | 253         |   |  | $            | 275  |   |  | $ | 269  |  
|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |  
|Ratio of earnings to fixed charges                      |  |                   | 1.34 |   |             |   | 2.23 |             |  |   | 1.14        |   |  |              | 3.00 |   |  |   | 2.66 |  
|                                                        |  |                   |      |   |             |   |      |             |  |   |             |   |  |              |      |   |  |   |      |