I installed the mudflaps on my 2012 SR5 - PT769-89110 - install instructions for the 2011
http://www.trdsparks.com/install/PT769-89110inst.pdf - I picked these up and was told these are the correct mudguards for the 2012. I'm not 100% sure, but I did get them installed with only 2 modifications to the instructions
Note: I didn't realize their were 2 different screw bags in the box
This is a great post for the 2011 Installation:
5th Gen 2011 4Runner SR5 Mudflap/splash guard install instructions
For 2012 Front the modification is obvious and easy
-- There is a plate on the 2012 that needs to be removed
Everything on the front install was smooth and fit the official document.
For 2012 the Rear installation is a bit different.
I could not get the spring clips to work for the hole in the bottom center of the mudflap to work with a screw as stated. It's tough to do much there without taking the tire off or at least jacking up the truck - not a good way to go
-- I'm not sure if this is the best solution, but of 2 different solutions I tried this worked best--
Need a 3/8 Drill Bit
I drilled the bottom hole out of the mud flap and then used the push pin instead of a screw.
There may be a better way to go, but this was easier than the solution I tried on the other side. The rear doesn't seem as tightly installed as the front due to the way the screws are into spring clips instead of into both layers of plastic.
Hope this is helpful to any other 12 owners.