It may only be a concept for now, but Toyota’s GRMN MR2 Sports Hybrid study that was unveiled today at the Tokyo Auto Salon may very well form the technological base for a similar production sports car in the very near future, according to reports from Japan.

Developed in cooperation with Toyota’s racing and tuning partner Gazoo, the concept is a two-seater, all-wheel drive hybrid sports car based on a modified version of the platform used in the now obsolete MR2 roadster.

Underneath its widened body, the MR2 concept gets a mid-mounted 3.3-liter V6 petrol engine that drives the rear wheels and the company’s THSII hybrid system with the electric motor propelling the front wheels.

The combined output of the hybrid system and petrol engine is estimated to be in the range of 400 horsepower

Power is transferred to the wheels through a continuously variable transmission (CVT) with paddle shifts.

Toyota did not release any performance figures, but if you take into consideration that the 400HP plus roadster tips the scales at just 1,300 kg or 2,866 pounds (official data), this pocket rocket promises to be nothing less than fast.