A pulverization/classification apparatus including a cylindrical vessel having an inner wall, on a surface of which a layer including a release agent is located; a pulverizer configured to pulverize a material such as toner raw materials in the cylindrical vessel using a compressed air to prepare a particulate material; and a classifier configured to classify the particulate toner material to prepare a powder of the material. Alternatively, the inner wall of the cylindrical vessel has a circumferentially projected portion. A method for manufacturing a powder such as toners using the pulverization/classification apparatus is also provided.