An air-conditioning apparatus comprising: a refrigerant circuit in which a compressor, a heat-source-side heat exchanger, a plurality of expansion devices, refrigerant flow paths in a plurality of intermediate heat exchangers, and a plurality of refrigerant flow switching devices (11, 28) each configured to switch a refrigerant circulation path are connected by a refrigerant pipe, the refrigerant circuit being configured to allow a heat-source-side refrigerant to circulate therethrough; a controller for controlling the air-conditioning apparatus; and a heat medium circuit in which a plurality of heat-medium conveying devices disposed corresponding to the plurality of intermediate heat exchangers, a plurality of use-side heat exchangers, and heat-medium flow paths in the plurality of intermediate heat exchangers are connected by a heat-medium conveying pipe, the heat medium circuit being configured to allow a heat medium to circulates therethrough, wherein the heat-source-side refrigerant and the heat medium exchange heat with each other in the intermediate heat exchangers, characterized in that the controller is configured to control, when all of the plurality of heat-medium conveying devices are operating and a heat exchange amount in the use-side heat exchangers is equal to or lower than a lower limit of a thermal capacity that can be conveyed in the heat medium circuit, before at least one of the plurality of heat-medium conveying devices is stopped, the refrigerant flow path in the intermediate heat exchanger connected to the heat-medium conveying device that is to be stopped is closed, then the at least one of the plurality of heat-medium conveying devices is stopped, and a thermal capacity required in at least one of the use-side heat exchangers is conveyed by the rest of the plurality of heat-medium conveying devices. a refrigerant circuit in which a compressor, a heat-source-side heat exchanger, a plurality of expansion devices, refrigerant flow paths in a plurality of intermediate heat exchangers, and a plurality of refrigerant flow switching devices (11, 28) each configured to switch a refrigerant circulation path are connected by a refrigerant pipe, the refrigerant circuit being configured to allow a heat-source-side refrigerant to circulate therethrough; a controller for controlling the air-conditioning apparatus; and a heat medium circuit in which a plurality of heat-medium conveying devices disposed corresponding to the plurality of intermediate heat exchangers, a plurality of use-side heat exchangers, and heat-medium flow paths in the plurality of intermediate heat exchangers are connected by a heat-medium conveying pipe, the heat medium circuit being configured to allow a heat medium to circulates therethrough, wherein the heat-source-side refrigerant and the heat medium exchange heat with each other in the intermediate heat exchangers, characterized in that the controller is configured to control, when all of the plurality of heat-medium conveying devices are operating and a heat exchange amount in the use-side heat exchangers is equal to or lower than a lower limit of a thermal capacity that can be conveyed in the heat medium circuit, before at least one of the plurality of heat-medium conveying devices is stopped, the refrigerant flow path in the intermediate heat exchanger connected to the heat-medium conveying device that is to be stopped is closed, then the at least one of the plurality of heat-medium conveying devices is stopped, and a thermal capacity required in at least one of the use-side heat exchangers is conveyed by the rest of the plurality of heat-medium conveying devices.