Effect of retained austenite characteristics on V-bending in ultrahigh-strength TRIP-aided steel sheets with bainitic ferrite matrix (TBF steel) was investigated for automotive applications. V-bending tests were performed on a servohydraulic testing machine at a processing speed of 1 mm/min using a 88-degree V-punch (2.0 mm in punch radius), 88-degree V-die (12 mm in die gap, 0.8 mm in die shoulder radius), and a rectangular specimen (50 mm in length, 5 mm in width, 1.2 mm in thickness). The results are summarized as follows.