The invention provides a toner and method for manufacturing same. Resin particles containing at least a binder resin and wax particles having a particle diameter of 30-600 nm are aggregated and the resultant aggregates are heated. The wax particles having a particle diameter of 30-600 nm are manufactured, e.g., by a granulation method including a coarse powder preparing step S1, a slurry preparing step S2, a pulverization step S3, a cooling step S4, and a pressure reduction step S5, wherein a slurry of wax coarse powder obtained at the step S1 and the step S2 is passed through a pressure-resistant nozzle under application of heat and pressure at the step S3, whereby the wax coarse powder is pulverized to obtain wax particles, and the step S4 and the step S5 are carried out immediately after the step S3 to prevent coarsening of the wax particles.