A yellow toner is provided which can form high-quality images and has high offset resistance and excellent charging performance while being a capsule-type toner having excellent low-temperature fixability. The yellow toner satisfies, in DSC measurement, 40.0≦Tg(0.5)≦60.0 and 2.0≦Tg(4.0)−Tg(0.5)≦10.0, wherein when the concentration of the yellow toner in an ethyl acetate dispersion is Cy1 (mg/ml) and the light absorbance at a wavelength of 422 nm of the dispersion is A(ethyl acetate)422, the relationship between Cy1 and A(ethyl acetate)422 satisfies A(ethyl acetate)422/Cy1