Lexus LM etymology: What does its name mean & letters stand for?

Based on the Toyota Alphard, the Lexus LM is a new people mover targeted at the Asian and Chinese markets, but what do the letters in its name mean?

Toyota has confirmed the Lexus LS is an initialism for Luxury Sedan.

So, it stands to reason the LC is short for Luxury Coupe, LY stands for Luxury Yacht, and the LM is — you guessed it — Luxury Minivan.

This is especially true if you go all out and order the car with a 4-seat layout with a partition between the front and rear seats, a 26-inch monitor, and aircraft-style rear seats.