A switching regulator including two switching elements and a control switching part. The two switching elements perform a switching operation according to a control signal to control an output voltage. One of the two switching elements is larger in ON-resistance and smaller in control electrode capacitance than the other. The control switching part performs PFM control over the one of the two switching elements to output a first predetermined voltage in a first operation mode, performs PWM control over the two switching elements to output a second predetermined voltage higher than the first predetermined voltage in a second operation mode, and switches the first operation mode to the second operation mode by performing the PFM control, changing the first predetermined voltage to the second predetermined voltage, and switching the PFM control to the PWM control after a first predetermined time elapses since start of increase in the output voltage.