The topless Toyota's Geneva appearance will also revive the current coupe model's development name, debuting as the FT-86 Open.
Importantly, Toyota has revealed that the Open represents "a sneak preview of a possible future variant" of the lightweight sports car.
A production debut appears likely however, with the carmaker also confirming today that the convertible concept's debut will coincide with the beginning of prototype engineering assessment.
If the Open concept makes its way to production, it will be Toyota's first global convertible since the last-generation MR2 left the market in 2006.
Toyota's 86 Coupe, along with its Subaru BRZ twin, was declared TMR's 2012 Best Buy.