The invention relates to an image receiving sheet which is a retransfer sheet for forming an image on an optional transferred medium The image receiving sheet comprises a support member, a transparent layer and a thermoplastic fine particles layer Light having an image information is irradiated toward a photosensitive recording medium having microcapsules which change their hardness by being exposed to one of heat or light. Then, a chemical latent image corresponding to the image is represented by the microcapsules having different hardness. When the photosensitive recording medium and the image receiving sheet are superposed and pressed against each other, the unhardened microcapsules are ruptured and the pigment or dye in the unhardened microcapsules flows from the ruptured microcapsules. The pigment or dye that flows from the microcapsules is absorbed into the thermoplastic fine particles layer. As a result, a visible image corresponding to the image is formed on the image receiving sheet. The image receiving sheet is placed on the transferred medium and they are thermally pressed against each other. When the support member is peeled off, the image covered with the transparent layer remains as a transfer on the transferred medium.