Optimizing a water-phase suspending system is very important to manufacture high-quality suspension polymerized toners. Therefore, in this study, the effects of the molar ratio of calcium hydroxide (CaOH2)/phosphoric acid (H3PO4)(Ca/P), which were used as inorganic suspending agents, and pH of the water-phase on the characteristics of styrene-based suspension polymerized toners were mainly investigated. At first, the water-phase was fixed to neutral condition (pH=7.5) and Ca/P molar ratio was changed from 1.5:1 to 1.76:1. As a result, an ideal calcium phosphate (hydroxyapatite) was prepared at the Ca/P molar ratio of 1.73:1 and polymerized toners prepared at this condition showed good particle size distribution, circularity and charging characteristic. Based on this result, Ca/P molar ratio was fixed to 1.73:1 and pH of the water-phase was changed to weak acidic (pH=5.5) and weak basic (pH=9.5) conditions. As a result, polymerized toners prepared under the weak acidic condition showed very good particle size distribution, circularity and charging characteristic along with excellent printing quality. High-quality suspension polymerized toners could be prepared via optimizing Ca/P molar ratio and pH of the water-phase.