A method for manufacturing a molding comprising a core and an outer layer by using a compression molding apparatus having an upper punch and a lower punch which are arranged in the vertical direction of a die, both of the upper punch and the lower punch having a double structure comprising a center punch and an outer punch surrounding the outer periphery of the center punch, and being slidable and capable of a compressing operation, and by using powder granule as molding material; the method comprising: a core supply step of supplying molding material for the core into a space (302A, 402A) defined above the lower center punch and surrounded by the lower outer punch; a core molding step of compression-molding the molding material for the core supplied in the preceding step; an outer layer supply step of supplying molding material for the outer layer into a space (303A, 403A) defined above and around the core molding in the die molded in the preceding step; and a whole molding step of compression-molding the core molding and the molding material for the outer layer with the tips (7B, 7A) of the lower outer punch and the lower center punch aligned with each other, characterized in that an outer layer supply step of supplying molding material for the outer layer into a space defined above the lower center punch and surrounded by the lower outer punch is not performed prior to the core supply step, the outer layer supply step of supplying molding material for the outer layer into a space (303A, 403A) defined above and around the core molding in the die is performed until a tip of the lower center punch takes a position protruding from a tip of the lower outer punch, and after the outer layer supply step and subsequent to the core molding step, one of the following is performed, thus allowing the molding material for the outer layer to be led to fill a space between the core molding and the lower center punch: the lower outer punch is raised to align the tip thereof with the tip of the lower center punch from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein a process of pressing the molding material in the die by the upper center punch and the upper outer punch is not performed until the tips (7B, 7A) of the lower outer punch and the lower center punch become aligned with each other; the lower center punch is lowered to align the tip thereof with the tip of the lower outer punch from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein a process of pressing the molding material in the die by the upper center punch and the upper outer punch is performed with the tip of the lower center punch in the position protruding from the tip of the lower outer punch; and the lower center punch is lowered while the lower outer punch is raised to align the tips (7B, 7A) of the lower outer punch and the lower center punch with each other from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein the operation of aligning the tips (7B, 7A) of the lower outer punch and the lower center punch with each other is performed with the upper center punch and upper outer punch pressing the molding material in the die. a core supply step of supplying molding material for the core into a space (302A, 402A) defined above the lower center punch and surrounded by the lower outer punch; a core molding step of compression-molding the molding material for the core supplied in the preceding step; an outer layer supply step of supplying molding material for the outer layer into a space (303A, 403A) defined above and around the core molding in the die molded in the preceding step; and a whole molding step of compression-molding the core molding and the molding material for the outer layer with the tips (7B, 7A) of the lower outer punch and the lower center punch aligned with each other, the lower outer punch is raised to align the tip thereof with the tip of the lower center punch from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein a process of pressing the molding material in the die by the upper center punch and the upper outer punch is not performed until the tips (7B, 7A) of the lower outer punch and the lower center punch become aligned with each other; the lower center punch is lowered to align the tip thereof with the tip of the lower outer punch from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein a process of pressing the molding material in the die by the upper center punch and the upper outer punch is performed with the tip of the lower center punch in the position protruding from the tip of the lower outer punch; and the lower center punch is lowered while the lower outer punch is raised to align the tips (7B, 7A) of the lower outer punch and the lower center punch with each other from the position in which the tip of the lower center punch is protruded from the tip of the lower outer punch, wherein the operation of aligning the tips (7B, 7A) of the lower outer punch and the lower center punch with each other is performed with the upper center punch and upper outer punch pressing the molding material in the die.